Are you eager to day trade but you don’t know where to start?
I have almost 40 years of trading experience & I have written a FREE 5 day Forex Trading Course For Beginners:
Learn the mechanisms of the forex market, the tools and platforms used by traders, and the strategies
Trading is not a get-rich-quick scheme, but a long-term journey that requires discipline, patience, and perseverance. Get rich slowly! Profits will come when you know you can trust yourself to scale up.
@financialjuice
€300 bln fund needed. But they don't have it so they'll print it... after announcing a €200 billion energy rescue package.
Governments can't stop printing.
Don't enter a trade based on rumors or social media posts. Never trade on someone's trading tip or opinion. Always do your own research and make informed decisions so you understand why you are entering and exiting trades.
Haha
@Guruleaks1
blocked me after trying to discredit my service calling me a fraud & failing miserably. He couldn't admit he was wrong!!
Thanks so much for all your support yesterday. I will be posting free trade ideas through November to thank everyone.
I've helped 100's of traders turn professional with my daily trade ideas & signals & 100's more with my technical analysis & day trading course.
TODAY I AM RELEASING THIS COURSE FOR FREE. ALL 9 MODULES. A TOTAL OF 12 VIDEOS. LIKE, SUBSCRIBE & SHARE PLEASE!
Do you want to fully understand how to use the Fibonacci sequence to super charge your trading?
Get ready for my new course - coming in June:
Key Highlights:
Target Audience:
This course is tailored for novice traders with limited experience, eager to explore and integrate
To be a successful trader, you need to have a clear understanding of your own risk tolerance and be able to manage your emotions accordingly. Learning from a mentor with decades of experience is the only short cut to success.
If your trade size is too large it means you are trying too hard, being greedy and you are hoping to make unrealistic amounts of money in the short-term. Greedy traders destroy their accounts. Trading is about making small amounts of money in the long term.
The most important thing I have learned about trading is that there is no substitute for experience. You can read all the books and take all the courses you want, but ultimately, it is the experience of trading that teaches you the most.
Successful trading is all about preparation. Wait patiently for the setup before executing the trade. Quality of trades always wins over quantity. It only takes one good trade a day to become a consistent, successful trader.
Three successful day trading strategies which work in all markets.
Whether that be forex, crypto, stock markets, commodities or bond markets.
1. Trend Trading.
This strategy is definitely the most important & forms the basis of all my analysis. It involves identifying a trend
You do not have to be in a position all the time. In fact you should not be in a postion most of the time. You cannot possibly have a good idea of where the market is going all day, every day. Wait patiently for your set up.
I do my analysis for 2 hours in the morning. I enter my trades in MT4, then I go on about my day. I am not glued to my desk all day. I'll check my charts every couple of hours. Trading allows me to do whatever I want, while I wait for trades to be executed.
Just found my old
#Liffe
floor badge. White dot meant I could trade in the options pits.....I never traded in the futures pits. (Way too intimidating!!).
Trading is only stressful when you have not made a proper plan of each stage of the trade, as you are then forced to make rash decisions, which will be dominated by emotion in a moving market.
You DON'T need to find the best trading opportunities all the time, every day. You only need to do 2-3 trades per week to gain some financial independence. Are you guilty of over trading?
If you are thinking about starting to trade, be prepared for a frustrating 2 years. Be prepared for losses. Be prepared to become obsessed with markets & for your family to think you are crazy. Nobody finds it easy.
Important Key US Economic Data Releases - June 28th
1. US Core PCE (Personal Consumption Expenditures) Price Index
Explanation:
This measures the prices paid by consumers for goods and services, excluding food and energy, which are volatile. A key inflation indicator.
Market
Keep your technical analysis simple. A few key indicators on a chart can be more effective than a complex system. Too many technical analysis tools can give you 'analysis paralysis' I use only Fibonacci, moving averages, stochastic & trend lines.
#trading
#trendfollowing
If you are thinking about starting to trade, be prepared for a frustrating 2 years.
Be prepared for losses.
Be prepared to become obsessed with markets & for your family to think you are crazy.
Nobody finds it easy.
20,500,000 Jobs Lost, 14.7% Unemployment Rate - anyone can explain to me why S&P is only 15% off the all time high please? I'm new here, only been trading 33 years. Thank you.
Fibonacci is not a standalone strategy, it's just one tool among many. Use it in conjunction with your other trading knowledge and tools.
#trading
#Fibonacci
Dont enter a trade without having a clear understanding of your risk-reward ratio. Risk less than the profit you expect to make. Never risk more than your potential reward then you only need 50% of your trades to work Simple!!
@coinjunky
Hilarious. Only crypto bulls can make a crash sound bullish!! Good on you guys! But imagine if you followed the trend and were short instead of long!! You wouldn't have painful losses.... you'd be in profit!!
#notrocketscience
#TechnicalAnalysis
One of the most important things I have learned about trading is that you must have a clear understanding of your own risk tolerance and trading strategy. Trading will expose all your mental weaknesses.
@DereckCoatney
I agree that stock markets are likely to collapse but that's not a head and shoulders pattern.
The first “shoulder” forms after a significant bullish period in the market when the price rises and then declines into a trough.
Not half way down in a bear trend.
The U.S. nonfarm payroll and average earnings report for May 2024, released on June 7, showed that the U.S. economy added 272,000 jobs, surpassing expectations.
The unemployment rate remained relatively stable at 4.0%. The job gains were led by sectors such as health care,
The key to successful trading is to have a plan and stick to it, no matter what the market throws at you. When you have confidence in your strategy (& your ability to adhere to it) you'll be able to ride the waves without giving up.
Stages of trading: Beginner: "What's the best strategy?" Intermediate: "How can I win big?" Advanced: "How can I cut losers?" Master: "How can I save Mental Capital while maintaining results?"
Remember, slow and steady wins the race. Trading is a marathon, not a sprint to profits. Dont let greed drive you to make hasty trades and risk your hard-earned profits.
Trend following is a long-term strategy that's been successful for me for nearly two decades. Patience is crucial—don't get discouraged by short-term market fluctuations, especially during consolidation periods. Trust the process.
#Trading
#TrendFollowing
#PatiencePays
Successful trading is not stressful or exciting. It should be boring & unemotional. It should be robotic. Identify an opportunity. Make a small loss or a decent profit. Wait patiently for the next opportunity. Do it again.
Having a stop-loss in place helps you avoid emotions taking over as your P&L jumps around. Stick to your plan and dont let fear or greed dictate your trades. Having a trading plan & strategy removes the emotion.
The FX markets are all over the place, although that's not a surprise with the FOMC press conference yesterday - EURUSD bounced straight back to 1.0725/35 with a high for the day exactly here.
The big move came after the US markets closed as the Japan MoF appeared to catch the
To be a successful trader, you need to have a clear understanding of your own risk tolerance and be able to manage your emotions accordingly. Learning from a mentor with decades of experience is the only short cut to success.
Enter your targets at the appropriate levels that you have identified in your analysis. Wait for the markets to go to your target. Do not watch the prices go up and down, along with your p&l. Find something else to do while the trade plays out.
Trend following is a long-term strategy which has worked for me for nearly 2 decades. Be patient and DON'T get discouraged by short-term market fluctuations, especially when markets are consolidating.
#trading
#trendfollowing
Risk management is essential for traders. It's not about avoiding all risks, it's about taking calculated risks then managing them effectively when the trade is open.
#trading
#riskmanagement
Trading is a mental game, and the ability to manage your emotions is even more important as your analytical skills. The best analysts can fail as traders but those who control their emotions will eventually suceed.
Being successful isn’t about having piles of money. Being successful is waking up in the morning to do what you enjoy. Being successful is having time to spend with friends & family. Being successful is about having choices, independence & freedom.
This is how we used to trade when I was in my 20's, through the 1990's in the open-outcry pits on the London International Financial Futures Exchange LIFFE.
The greatest victory is not in defeating your opponents, but in mastering yourself. Know yourself, control your emotions and you will achieve anything as a trader
I was trading & providing technical analysis during the 2008's financial crisis:
And I saw an early sign of the 2009 crash:
- A very clear head and shoulders pattern
- The pattern was built up over many months
- It showed there was going to be a big move to the downside if
Do ride the trend. Once you've identified a trend, using trend lines & moving averages, trail your stop loss & hold on to your trade for as long as possible to maximize returns.
#trading
#trendfollowing
Successful trading is not stressful or exciting. It should be boring & unemotional. It should be robotic. Identify an opportunity. Make a small loss or a decent profit. Do it again.
Successful trading is not stressful or exciting.
It should be boring & unemotional.
It should be robotic.
Identify an opportunity.
Make a small loss or a decent profit.
Do it again.
16 May - technical analysis & trade ideas - Gold, silver & WTI Crude.
Gold XAUUSD
The CPI number was a little softer than expected so inflation is not as high as it could have been. Retail sales were also weaker adding to recent indications from economic data that economic
Avoid impulsive trades. Take the time to analyze market conditions and only make trades based on your strategy, not emotions. I do my analysis first thing in the morning without open positions & then I have no bias.
Being successful isn’t about having piles of money. Being successful is waking up in the morning to do what you enjoy. Being successful is having time to spend with friends & family. Being successful is about having choices, independence & freedom.
How Jason started to trade in 1987
How traders can work for banks & institutions
Technical analysis tools
Habits contributing to Jason’s trading success
Things that are important to consider vs. just noise
How to deal with a series of losses
6 steps for new traders.
1. Focus on higher times frames.
2. Always trade in the direction of the prevailing trend.
3. Learn to identify low-risk entries.
4. Always place a stop.
5. Do not trade watch - let the trade reach the target.
6. Know when to take a break.
I have joined a crypto fund as analyst/advisor. Fund is run by a fellow LIFFE options trader I have known from the trading pits for over 30 years. The fund is up 120% already this year. Great opportunity!!
If you are not relaxed when the trade is open, you should cut the size down. If you have sleepless nights & dreams about your open trades it means you are risking too much. Do you wake in the night and check your trades?
Just had an email from a frontline NHS staff member to enroll on my online day trading course. I'll offer the course for free to other NHS frontline staff. Email a photo of you holding your NHS ID card to jason
@daytradeideas
.co.uk & I'll include a free subscription to my reports
A huge 600 tick profit on gold longs (& 1000 in Silver) yesterday
100 pips on NZDUSD longs at 5850/30
100 pips on USDCAD shorts at 1.3500/20
150 pips on GBPUSD longs at 1.1460/40
Yesterday's trade sheet.
I do my analysis for 2 hours in the morning. I enter my trades in MT4, then I go on about my day. I am not glued to my desk all day. I'll check my charts every couple of hours. Trading allows me to do whatever I want, while I wait for trades to be executed.
How to enter a trade: 1. Set your entry price 2. Set the stop loss 3. Set your target or take profit level (or levels). It's simple but 90% of traders cannot do this properly & therefore lose money.