CONCEPTS EXPLAINED

Steps to Financial Freedom

Your Financial Future

1. What are your financial goals? You have to plan your future.

2. Look for a mission in life not a job.

3. Your spouse is your lifetime financial partner. Choose wisely.

4. Work for personal growth not just for money.

5. You get paid on the value you create not what you think you are worth.

6. Your net worth is the difference between your income and your spending.

7. You need a budget or self-control.

8. What is your time and energy worth? Only work jobs that are worth the pay.

9. Buy things that you value the most, do not buy for appearances to impress other people.

10. Do you enjoy the way you earn a living? If not you are in the wrong job.

What kinds of trading are there? 📈
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Many of you have ever wondered what it would be like to start trading. We have decided to describe for you the types of this kind of activity. There are several types of trading, among which seven are most common.

📌 1) Scalping - trading in which the trader receives a small profit from each price movement. Requires constant and painstaking work of the investor, as it is necessary to work on the shortest timeframes (for example, minute).

📌 2) Trading on medium term is the best option for beginners, it is calm and less risky than scalping. Profit/loss is formed by price movements on the periods equal to one hour, several hours, twenty-four hours. During this time you can soberly analyze the data and choose a strategy.

📌 3) Trading on long timeframes (week, month) is based on analysis of economic processes, external factors and market movements. As a rule, it is chosen by large capitals - corporations, banks, other financial institutions.

📌 4) Moment trading is a rare type, when an investor combines trading on different timeframes.

📌 5) Technical trading - a trader trades on any timeframe based on technical analysis, that is, predicting the likely change in prices based on how they have changed in the past under similar circumstances (trend analysis).

📌 6) Fundamental trading - a trader trades in the medium term using fundamental analysis, i.e. analyzing and forecasting the market value of the issuer based on the performance of companies.

📌 7) High-frequency trading - trading, which is conducted not by people, but by complex powerful computers that perform up to several million computing operations per second in order to close the deal with maximum profit. It is a new and developing tool, which is nevertheless prone to attacks and periodically damages the world stock markets.

Why 90% of Traders Lose ?

*️⃣Risk management is the most important in this game because it keeps you alive, keeps your account fresh during bad market conditions.

*️⃣Learn risk management first to understand how to protect your capital first of all and then learn a strategy.

*️⃣Buying signals and expecting overnight succes could be bad for your trading journey, don't expect anything from anybody and start to be your signal generator.

*️⃣Trading business its not getting rich overnight, its getting rich for sure on a long term basis. Don't expect succes overnight its not gonna happen i promise you.

Iran-Iraq
Russia-Ukraine
Israel-Palestine
Israel-Iran
India-Pakistan
China-Taiwan
North Korea-South Korea

Now Indian Traders have Tension of 2 more countries

Thailand-Cambodia

😂😂😂

Educational Post 😓

Why 95% of traders don't SUCCEED?

1️⃣ They become obsessed with the indicators, rather than understanding price action and market structure.

2️⃣ They want to become rich quick, Instead of on a long-term growth

3️⃣ They gamble with oversized positions in hopes of huge profits, rather than following proper risk management.

4️⃣ They underestimate the complexity of trading and assume that it is simple not being ready for many years of practicing and losses.

5️⃣ They trade without stop loss and in case of being wrong, They keep holding their positions praying about a market reversal.