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Another round of terminology!
Balance is the amount of funds you have in your account.
Equity is your Balance + Floating P/L (Profit/Loss)
If you do not have an open position, then your Equity will remain the same as your Balance.
If you have some open positions with floating profits of 500$, then :
Equity = Balance + 500$
If you are experiencing losses, then :
Equity = Balance - 500$
Got it ? More about Margins down here π
Margin is connected with Leverage !
If you choose leverage of 1:100, then your promised funds is 1% of the contract value. If your leverage is 1:200, then the promised funds are 0.5% of the contract value.
Now, what about Margin Levels ?
Margin Level = (Equity / Total Margin) x 100%
You should know what brokers usually set a Margin Level of 80-100% to charge a Margin Call.
Balance is the amount of funds you have in your account.
Equity is your Balance + Floating P/L (Profit/Loss)
If you do not have an open position, then your Equity will remain the same as your Balance.
If you have some open positions with floating profits of 500$, then :
Equity = Balance + 500$
If you are experiencing losses, then :
Equity = Balance - 500$
Got it ? More about Margins down here π
Margin is connected with Leverage !
If you choose leverage of 1:100, then your promised funds is 1% of the contract value. If your leverage is 1:200, then the promised funds are 0.5% of the contract value.
Now, what about Margin Levels ?
Margin Level = (Equity / Total Margin) x 100%
You should know what brokers usually set a Margin Level of 80-100% to charge a Margin Call.
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Market structures
As traders, you need to know how to identify trends.
Your trading career really depends on your ability to identify the market trends !
When the market is uptrend, downtrend or sideways.
UP Trendπ
When the market is moving in an uptrend, the market will always make new highers highs and higher lows.
DOWN Trendπ
When the market is in a downtrend, the market will make new lows and higher lows.
As traders, you need to know how to identify trends.
Your trading career really depends on your ability to identify the market trends !
When the market is uptrend, downtrend or sideways.
UP Trendπ
When the market is moving in an uptrend, the market will always make new highers highs and higher lows.
DOWN Trendπ
When the market is in a downtrend, the market will make new lows and higher lows.
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TYPES OF TRADERS
In the trading world, there are two types of traders :
The fundamental analysis traders and the technical analysis traders.
We rely more on technical but we use fundamental at the same time, now, what do they mean ?
FUNDAMENTAL ANALYSIS TRADER π»
Fundamental analysis trader (FA) is a trader with takes the market prediction using high impact news which covers economical, geopoliticial or currency policies of a given country.
FA will analyse the data of a given country and judge based no what gives impact to the currency no matter how small or big.
TECHNICAL ANALYSIS TRADER π»
Technical analysis trader (TA) is a trader which precits the market using chart analysis like taking price action in the area or using specific indicators like Supply & Demand (S&D), Support & Resistance (S&R), Trendline (TL), Moving Average (EMA), Relative Strength Index (RSI) and many more.
TA will only analyse a chart based on price action, pattern candlesticks (CS) or with the help of indicators readily available on the trading platform (MT4 or MT5/MetaTrader)
In the trading world, there are two types of traders :
The fundamental analysis traders and the technical analysis traders.
We rely more on technical but we use fundamental at the same time, now, what do they mean ?
FUNDAMENTAL ANALYSIS TRADER π»
Fundamental analysis trader (FA) is a trader with takes the market prediction using high impact news which covers economical, geopoliticial or currency policies of a given country.
FA will analyse the data of a given country and judge based no what gives impact to the currency no matter how small or big.
TECHNICAL ANALYSIS TRADER π»
Technical analysis trader (TA) is a trader which precits the market using chart analysis like taking price action in the area or using specific indicators like Supply & Demand (S&D), Support & Resistance (S&R), Trendline (TL), Moving Average (EMA), Relative Strength Index (RSI) and many more.
TA will only analyse a chart based on price action, pattern candlesticks (CS) or with the help of indicators readily available on the trading platform (MT4 or MT5/MetaTrader)
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In the grouping of Technical Analysis Traders (TA), there are 3 types of traders with different targets and market approach:
π’ Scalper Trader
π’ Intraday Trader
π’ Swing Trader
SCALPER TRADERπ₯
In general, Scalpers always take small profits in short periods and smaller pips if compared to other traders.
Scalpers usually take profit in less than 2 hours with a pips count of around 15-30 pips.
INTRADAY TRADERπ
Intraday traders will leave their position running less than 24 hours in a day before they close or realise their profits.
Total targeted pips usually roam around 50-100 pips.
SWING TRADER π
Swing traders are rare traders and more experienced as swinging one position is not an easy feat for new traders.
In executing a swing position, a trader must have a high level of patience to wait for the best setup to enter. They usually hold their positions for days, weeks, months, and sometimes more than a year.
Total pips targeted is usually above 100 pips.
SCALPER TRADER
In general, Scalpers always take small profits in short periods and smaller pips if compared to other traders.
Scalpers usually take profit in less than 2 hours with a pips count of around 15-30 pips.
INTRADAY TRADER
Intraday traders will leave their position running less than 24 hours in a day before they close or realise their profits.
Total targeted pips usually roam around 50-100 pips.
SWING TRADER π
Swing traders are rare traders and more experienced as swinging one position is not an easy feat for new traders.
In executing a swing position, a trader must have a high level of patience to wait for the best setup to enter. They usually hold their positions for days, weeks, months, and sometimes more than a year.
Total pips targeted is usually above 100 pips.
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MY MAGIC MONEY METHOD ! π
First step is to set your daily target ! Do you want to make $10, $100, $1000 ?
Then, you have to BE ULTRA REALISTIC with your target! Set a goal that suits your capital.
Let me paint you a picture βΊοΈ
You deposit $300 into your trading account and target making $30 everyday.
Forex Trading is a HIGH RISK investment. Growing too fast can bring big risks.
So, you deposited $300 and you wanna make $3000 a day ? You can ! But that involves a very high risk trading !
Make your target achievable and enjoy the journey ! π
$300 account target!
- Daily : 30$
- Weekly : 150$
- Monthly : 600$
When you hit your target, stop looking at the charts and go enjoy your life! Spend your time for other things that life has to offer. Just. Be. Realistic!
Forex can bring you great and fast returns but with high risk. So please, follow the rules if you want to succeed in trading!
Manage your risks as best as possible.
In the trading world, always be caution. Don't get caught up making big profits and then when you lose, you blame ME βοΈβοΈ
That is the worst mindset to have !
What you should be doing is treating your and my trades like handling a business. Not annoying and moaning employees. You're the captain, leader and boss of your business so all the resposibility falls on you!
Remove the mindset that forex is a get rich quick scheme. Make it a long term investment. Slow and steady !
Consistency is the answer π
β₯οΈβ₯οΈ You understand now ? β₯οΈβ₯οΈ
First step is to set your daily target ! Do you want to make $10, $100, $1000 ?
Then, you have to BE ULTRA REALISTIC with your target! Set a goal that suits your capital.
Let me paint you a picture βΊοΈ
You deposit $300 into your trading account and target making $30 everyday.
Forex Trading is a HIGH RISK investment. Growing too fast can bring big risks.
So, you deposited $300 and you wanna make $3000 a day ? You can ! But that involves a very high risk trading !
Make your target achievable and enjoy the journey ! π
$300 account target!
- Daily : 30$
- Weekly : 150$
- Monthly : 600$
When you hit your target, stop looking at the charts and go enjoy your life! Spend your time for other things that life has to offer. Just. Be. Realistic!
Forex can bring you great and fast returns but with high risk. So please, follow the rules if you want to succeed in trading!
Manage your risks as best as possible.
In the trading world, always be caution. Don't get caught up making big profits and then when you lose, you blame ME βοΈβοΈ
That is the worst mindset to have !
What you should be doing is treating your and my trades like handling a business. Not annoying and moaning employees. You're the captain, leader and boss of your business so all the resposibility falls on you!
Remove the mindset that forex is a get rich quick scheme. Make it a long term investment. Slow and steady !
Consistency is the answer π
β₯οΈβ₯οΈ You understand now ? β₯οΈβ₯οΈ
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Many of you have asked about securing profits effectively. Hereβs a quick guide on how you can close half of your trade using MetaTrader on mobile. This is a crucial skill to follow my signals (both free and premium) and lock in profits smartly!
π Why Close Half?
- Securing Profits: By closing half, you're ensuring some gains are safely banked.
- Risk Management: If the market shifts, the remaining half stops out without loss, safeguarding your position.
Iβve made a straightforward video showing exactly how you can do this.
Itβs a simple yet powerful technique to enhance your trading strategy.
Implementing this method lets you mirror my actions in securing profits.
It's all about smart moves and staying flexible as the market evolves.
Stay tuned for more tips like this, and keep reaching out with your questions. Your trading success is my priority!
Let's keep growing and securing those gains together! π°
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TAP TAP NOW iF YOU ARE READY TO ROLL TODAY ! π₯π«΅π»
INVITE YOUR FRIENDS TO JOIN US
UNMUTE AND PIN π THIS CHANNEL NOW π₯
INVITE YOUR FRIENDS TO JOIN US
UNMUTE AND PIN π THIS CHANNEL NOW π₯
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GOLD SELL NOW (3421 - 3424)
TP1: 3419
TP2: 3417
STOP LOSS: 3428
TP1: 3419
TP2: 3417
STOP LOSS: 3428
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GOLD + EURUSD + GBPUSD + GBPJPY TRADING COMPANY
GOLD SELL NOW (3421 - 3424) TP1: 3419 TP2: 3417 STOP LOSS: 3428
TP2 HIT + 60 PIPS DOWN THE HATCH!
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GOLD + EURUSD + GBPUSD + GBPJPY TRADING COMPANY
GOLD SELL NOW (3421 - 3424) TP1: 3419 TP2: 3417 STOP LOSS: 3428
RUNNING 82 PIPS + WE ON THIS! π₯
IβM BUYING XAUUSD NOW (3416- 3413)
π°TP1: 3418
π°TP2: 3420
π STOP LOSS: 3410
π°TP1: 3418
π°TP2: 3420
π STOP LOSS: 3410
Forwarded from π Nm
What a wonderful way to start our week the King
Forwarded from π Nm
Am very glad to be part of your great channel