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see attached pics above, its basically SnR Zones and fibo retracement tool for possible turning points and reversal candlestick patterns for trade confirmation
Useful Risk Management Tool,
will also help you remain disciplined.
-Know what lot size to use per trade given a profit/pip target
-easily track your progress to reach your goal
Trading should be treated like a business, and just like in business, sometimes success can come at a much later time than anticipated.
we know of successful entrepreneurs and their humble beginnings, they didn't become successful overnight, it took quite some time for others, most of them in...
First and foremost TRADING is NOT a GET-RICH-QUICK-SCHEME!
RATHER TREAT TRADING LIKE A BUSINESS.
Here are signs you have the get-rich-quick mentality
1. You are OUTCOME driven rather than PROCESS driven- you don't want to learn the skill of trading, and the first questions you asked whoever...
Leading indicators vs lagging indicators
most of you have been using lagging indicators and it means most of the time u will enter/exit late, but with leading indicators it can drastically change your entries meaning u wont be in a loss with little movement in your favour for a longer time. so...
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