Trading is an art which could be learned with practice; however to become a successful trader one must follow strict discipline
and manages the risk wisely.
A successful trader is not defined by his winning trades as luck can turn a bad trade into a profitable trades.
GDP - Gross Domestic Product Why is it important? Gross domestic product (GDP), is the measure of the value of the goods and services produced by the U.S. economy within a given time period. GDP is one of the most comprehensive and closely watched economic statistics. This is because several government institutions make key decisions concerning the economy using it. The White House and Congress uses the GDP statistics to prepare the Federal budget, the Federal Reserve formulates monetary policy basing on the same. Wall Street and the business community also depend on the GDP to prepare forecasts of economic performance that provide the basis for production, investment, and employment planning. Due to the procyclic nature of the GDP as an indicator, it is the most obvious statistic to look up to when judging the present status of an economy any where in the world. This statistic is also used to determine the poverty index of an area and will thus influence in a great way th...
When I have a string of losses I pause and reflect and ponder if it is me trading badly or just the market environment not being conducive to my trading method. Here are 10 questions we will do well to ask ourselves at times when we seem to be out of synch with the market. Are we taking good entries? We have to enter at a high probability moments to put the odds of winning on our side. Buying support bounces, shorting resistance levels, or entering on confirmed break outs. Are we trading too big? Big position sizes can cause us to stress to much and exit too quickly, we must trade a comfortable level that allows us to overcome our emotions and stick to our trading plan. Are we risking too much per trade? We need to cap our risks at no more than 1% to 2% capital at risk per trade. It is very difficult to make back big losses on a percentage basis it is much easier to steadily grow an account by avoiding those big losses with correct position sizing. Are we trying to fight ...
On 7th July at 10:20 AM EST We all are stunned with the Bitcoin move for last two three days, why not it's Bitcoin and we are always bullish despite of the bear market, Currently looking at 4 Hour chart Bitcoin is moving in a zone and following an ascending triangle. Don't be too excited and don't just take any long bases on the fakeouts, we should wait and look for a proper breakout I meant a true breakout. If the breakout happens to upside we may see a clear short term spike to to the level of $24,000 to $25,000. Keeping in mind we have multiple resistance level at $21,000, $21,500 & $22,500
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