Friday, October 30

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Do You Make This Breakout Trading Mistake? – Trading Tips
Suggested, Trading Tips

Do You Make This Breakout Trading Mistake? – Trading Tips

https://youtu.be/vamaN3tGR6M Imagine: The price forms a huge bullish candle and it breaks out of resistance.And you’re thinking:“Man! I better quickly buy before I miss the boat.”So, you buy!But the moment you clicked buy, it seems there’s a “mysterious” force preventing the price from moving higher.The next thing you know…The market does a 180-degree reversal and collapsed lower.But you hold onto your trade, hoping it will rebound higher.Well, it doesn’t and instead, dropped even lower.You’ve no choice but to cut your loss and move on.But just when you exited the trade, the market rallies higher and make new highs.Wtf!? Now… If the above sounds like you, then it’s because you’re making this breakout trading mistake.But don't worry because it's easy to fix. Credit: Rayner...
What exact steps could a trader take in order to develop an effective risk management strategy?
Suggested, Trading Tips

What exact steps could a trader take in order to develop an effective risk management strategy?

The risk management approach that a trader is using can determine the whole outcome of a trading session. In this blog, we often emphasize that it is extremely important and traders have to think about it before entering the market. However, what exact steps could a trader take in order to develop an effective risk management strategy? There are 8 ways that might help manage losses and each step might get a trader a little closer to a mindful and more responsible trading method. 1. Choosing the capital management approach There are two ways of handling one’s capital: the conservative approach for cautious traders and the slightly more aggressive approach for those with experience. No matter which one of them a trader chooses, the most important part is to stick to it no matter ...
Price Discovery Explained For Beginners
Online Trading, Suggested

Price Discovery Explained For Beginners

What is Price Discovery Price discovery is the process where buyers and sellers determine where a transaction can take place based on supply and demand. This evaluation process uses the economic concept of supply and demand to find a price where a buyer and a seller agree to trade. The supply and demand for an asset are based on several factors including the future abundance of an asset in any specific location. Transaction costs, as well as transportation costs and the storage of an asset, can play a pivotal role in determining the price discovery. The formula to determine price discovery is everchanging and will be different for each asset. Why It’s Important Did you ever notice that when a new company stock trades for the first time on an exchange like the NYSE, it can take a whil...
Marijuana stocks – are they worth your money?
Stock, Suggested

Marijuana stocks – are they worth your money?

Marijuana stocks — are they worth your money? David Kretzmann, chief analyst with Motley Fool, believes that cannabis is in a good position to become the new crypto. Imagine buying Bitcoin back in 2013, when one coin was worth only $130, and selling it for $19,535 at the end of 2017. During the said period BTC grew 150 times. Not all agree that marijuana stocks will ever demonstrate suchlike growth. However, it is without doubt that this brand-new asset class can be of great value to investors who know how to trade it. Certain experts believe crypto and cannabis industries have a lot in common 5 cannabis stocks and one cannabis ETF can be found on the IQ Option platform (to be traded as CFDs). Read this article to learn more about these assets and ways to trade them. ...
Top 5 cryptocurrencies to watch this week: BTC, ADA, XMR, ATOM, VET
Crypto, Suggested

Top 5 cryptocurrencies to watch this week: BTC, ADA, XMR, ATOM, VET

Investors are concerned about the stability of the cryptocurrency market after it was faced with a flurry of adverse news in the past few days. Fortunately, the markets have matured to the extent that negative news no longer provokes wild price swings like they once did in crypto’s early days. The current stability shows that institutional investors do not consider the recent KuCoin hack, CFTC and DOJ charges against BitMEX, or even President Donald Trump being diagnosed with coronavirus as serious enough events to crash the crypto markets. Therefore, there was no panic liquidation in Bitcoin (BTC) futures after the news broke and the open interest remained stable. Crypto market data daily view. Source: Coin360 In a bullish trend, traders use price weakness caused by knee-jerk react...
NZD/CAD Price Analysis: Bullish breakout prospects on break of near-term resistance
Forex, Suggested

NZD/CAD Price Analysis: Bullish breakout prospects on break of near-term resistance

NZD/CAD holds in range leaning with a bullish bias.  The 4-hour time frame offers a bullish technical environment according to the indicators.  NZD/CAD has been carving out a bullish scenario on the monthly chart. However, there is some more price development on the cards within a range. Until the resistance can be broken, there are sideways range price action prospects. The following is a topdown analysis which takes a look into the market structure and potential outcomes for the sessions ahead from a swing trading perspective. The monthly outlook is bullish As can be seen, the price has retested the support of the structure and trendline. The path of least resistance is to the upside from this juncture. Weekly is trapped However, from a weekly perspective, we have a...
What is short selling? – How to Trade In a Downward Market
Suggested, Trading Tips

What is short selling? – How to Trade In a Downward Market

Though in trading, the main point may be to speculate on the price change, regardless of what that change is, many traders stick to trading on rising assets. “Long” positions are more conventional and it is understandable, as growing in price assets might be associated with good performance. However, selling may be just as good of an opportunity, though it has to be approached with knowledge and a good trading plan.  What is short selling?  Going “short” or opening a short position means investing with a prediction of the asset price going down and expecting a positive outcome from a trade in that direction. Short positions can also be referred to as “bearish” and the traders that open short positions are called “bears”.  Short selling is available on different ass...
What is the Santa Claus Rally (And How You Can Take Advantage of It)
Strategy, Suggested, Technical Analysis

What is the Santa Claus Rally (And How You Can Take Advantage of It)

The Santa Claus rally refers to an increase in stock prices that occur in the last week of December and the first few trading days in January. The term was first introduced in 1972 by Yale Hirsch, a market analyst who identified the recurring pattern of rising stock prices around New Year. Since trading volume around Christmas and New Year is among the lowest compared to the rest of the year, it’s no wonder that markets tend to have unique characteristics during those days. Here, we’ll explain what Santa Claus rallies are, how they occur, and how active traders can take advantage of them. Why Do Santa Claus Rallies Happen? The fundamentals behind Santa Claus rallies are still unclear and there are numerous explanations for why stock markets rise during the holiday season. Here’s a list...
How to Day Trade for a Living
Strategy, Suggested, Technical Analysis

How to Day Trade for a Living

Want to day trade for a living? Here’s a full guide on the most important points you need to consider before getting your feet wet in the markets. Day trading is not easy, but with the right mindset, discipline, and plan, you’ll be able to become a consistently profitable day trader – just like thousands of others around the world. Let this article be the first step towards your trading goals. What is Day Trading? Day trading is a popular trading style that involves opening and closing trades within one trading day. That’s why the style is called day trading or intraday trading as opposed to other trading styles, such as swing trading for example. Most traders have started day trading the market early in their trading career, including me (and most likely you). It’s a great way to lea...
Free Trading Video Tutorials: Forex, Strategies and More
Online Trading, Suggested, Trading Tips

Free Trading Video Tutorials: Forex, Strategies and More

Not all traders know that there is a special section on the IQ Option platform dedicated to video tutorials. There you will find all sorts of videos: about trading instruments, indicators, strategies and important patterns you, as a trader, could find useful . Videos are useful for grasping basic concepts of trading in a relatively short period of time and at the same time complement information you get from other sources. Here is how to access the tutorials when using web or standalone versions of the IQ Option application. First, push the ‘More’ button in the bottom left corner of the trade room. Then click ‘Video tutorials’ and pick the category you would like to explore. It is even easier to find the video that you might be interested in when using a smartphone. Click on th...