Trading financial markets is not an easy thing to do and sometimes people fail to be successful not because they are not prepared from a technical or fundamental point of view, but because simply they lack the psychological ability to trade. The key to be successful when trading is to win over your worse enemy, and in trading, the worse enemy is you, the trader. Emotions are a key factor when trading and being able to control them is a key factor for everybody. Sometimes it is the decisive factor when taking a trading decision .
It is important of course to look at markets as a sum of human behaviors. One of the key elements in trading is to interpret what market did at some point back in time and what they are supposed to do at a future point based on the reactions from the past. The recordings that are coming with my notings are showing you the psychological levels in trading and how the market is reacting at them. I am talking about round numbers, and the examples offered are for the USDJPY pair when it broke the 100 level to the upside and EURAUD cross pair when it broke the all-important 1.50 level for the first time.
These levels are testing traders on each and every moment as round numbers have the tendency to attract people for entering or exiting a trade. Therefore, when they are reached, the probability for the market to move faster at those levels is quite bigger than otherwise. Knowing that in advance allows one to trade on the contrarian sign.
To become a successful trader despite deploying a diversified investment portfolio in Forex and binary options trade, bitcoin and Altcoin mining, CFDs, profitable airdrop token, identification and valuations, a detailed understanding of this is fundamental. Feel free to write back for more details on making good investment profits.
#forextrader #bitcoinph #fxtrader #cryptomining #cryptocurrency #cryptotrading #forexlifestyle #forexmentor #bch #coinmarketcap #currencytrader #gbpjpy #swingtrader #eurusd #dashcoin #traderlifestyle #traderlife #zcash #monero #iqoption #cryptomemes #hodl #bitcointalk #bitcoinprogress #bitcoinminer
Waiting since January 2018
Sirius Minerals looks like a promising hold on the FTSE 250 - The company is still around three years away from first production at its North Yorkshire mine. This means that it is set to generate no sales or #profit
over the medium term. As a result, there could be an argument for waiting until first production commences, since this may mean less risk. #makemoney #hodl
Action may not always bring happiness but there is no happiness without action.
Last year Ethereum’s price reached its all time high of $1377. At this moment Ethereum is worth $85. If you invest $1000 in Ethereum at this moment you will get 11,76 Ethereum. When the price reaches its all time high again, a profit of $15,193 can be made. What do you think? Will Ethereum reach its all time high again? (I am not a financial adviser, invest at your own risk)
If this is you, drop a “YES” below‼️ 👇👇👇 🔷
Let’s spread happy vibes around the world 🌎 #HappySunday
We need to be more like France. People in North America (Especially Canada) are too docile to protest when our governments decide to screw us over even more. Taxation is theft & our governments are corrupt so why are we accepting this? 🐺
Two days ago the *first* Crypto Cards tournament took place in Ljubljana, Slovenia, organised by @bitcoinslovenia
! :) Here's a short video of how the event looked like ;) .
Last year XRP’s price reached its all time high of $3,84. At this moment XRP is worth $0,29. If you invest $1000 in XRP at this moment you will get 3448 XRP. When the price reaches its all time high again, a profit of $12,240 can be made. What do you think? Will XRP reach its all time high again? (I am not a financial adviser, invest at your own risk)
Last year Bitcoin’s price reached its all time high of $19,891. At this moment Bitcoin is worth $3,210. If you invest $1000 in Bitcoin at this moment you will get 0,312 Bitcoin. When the price reaches its all time high again, a profit of $5206 can be made. What do you think? Will Bitcoin reach its all time high again? 🤑⬇️⬇️⬇️⬇️ (I am not a financial adviser, invest at your own risk)