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Forex Trading Strategies Reddit: What you need to know to start Forex trading.

Forex Trading Strategies Reddit: What you need to know to start Forex trading.

FOREX Strategies

What are FOREX Strategies?
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You may have noticed that most of people confuse the terminology and refer to FOREX Strategies in the wrong way. There are methodologies, systems, strategies, and techniques. The most effective methodology is Price Language (Trend Tracking). Combined with a correct reading of mass psychology presented by the charts.
We know that in the Stock Markets there are thousands of strategies. FOREX, like the rest of the markets, presents you with the opportunity to apply similar strategies to win consistently. Taking advantage of repetitive psychological patterns.
First, the Price Language methodology has created great fortunes in FOREX, and the next fortune may be yours. But this methodology must be implemented within a framework of advanced concepts of Markets. Without forgetting the basics. And working hard day by day.
Second, a strategy is a set of parameters and techniques that together give you the advantage to act in any situation. Thus for example in war, generals have attack strategies and counterattack strategies.
FOREX strategies alike are entry strategies and exit strategies. All beginners should know these FOREX strategies for beginners. That way you will get a general idea of ​​the game and understand that trading is a war against the Market and its Specialists. Only applying FOREX strategies revealed by the same Specialists and using their own techniques,
... you can survive in this war.
Do not fall into the trap of the many "systems" and "methods" that are offered on the internet about operating in the FOREX Market. They just don't work in the long run. They are strategies based on indicators for the most part. Using rigid parameters. That if they can work and give profitability during a certain period of time, they will always reach a breaking point when the market changes its dynamics.
Instead, take advantage of your precious time and learn the Language of Price or Price Action.
The Language methodology will allow you to adapt to each new phase of the Market. If you combine this knowledge with the appropriate psychological concepts, you can live comfortably from speculation in FOREX.

Forex Trading Strategies Reddit - Basic FOREX Strategies

You have two basic FOREX strategies, one entry, and one exit. Both follow a general strategy that helps you capitalize on the collective behaviors of the Market. That is, of the total of participating speculators.
This behavior causes the formation of cycles that repeat over and over again. Driven by the basic emotions (uncertainty, greed, and panic) of the speculators involved that can be taken advantage of with the aforementioned FOREX strategies. Specialists identify these emotions in the order flow and capitalize on these events every hour, every day, and every month.
Basic FOREX Strategies - The Price Cycle
These repetitive cycles consist of 4 phases:
  1. Accumulation
  2. Upward trend
  3. Distribution
  4. Downward trend
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The two trends can be easily identified by their notorious breakdown. And the two areas of uncertainty (accumulation and distribution), due to their notorious range trajectories.
This general behavior determines the core of our FOREX strategies.
You buy when the price of a pair has broken and has come out of one of its congestion formations (accumulation or distribution). You implement one of the Forex strategies, in this case, the entry one.
The multi-time technique will help you find the point of least risk when entering your initial buy or sell order. In the same way and using the same strategy but this time to close your position, the multiple timing technique will also show you how to close your operation obtaining the highest possible profit.
The most consistent way to extract profits in the market is by trading the start of trends within a cycle . Once confirmed by their respective breaks from the areas of uncertainty. This is the mother of all FOREX strategies . And in a market that operates 24 hours, we have more frequent cycles and therefore more opportunities.

Forex Trading Strategies Reddit - Advanced Forex Strategies

There are many advanced FOREX strategies that are generally used by professional speculators working for large financial firms.
Among these firms are banks, Investment Fund managers and Hedge Fund managers. The latter is an investment modality similar to Investment Funds, with the difference that Hedge Funds use more complex investment strategies. Its operations are more oriented to aggressive speculations in the short and medium-term.
Among the most common strategies is hedging (hedging), carry trade, automated systems based on quantum mathematics. And a large number of combinations between the different option strategies.

The Carry Trade

The central idea of ​​Carry Trade is to buy a pair in which the base currency has a considerably higher interest rate than the quoted currency. To earn the difference in rates regardless of whether the price of the pair rises or falls.
Suppose we buy a $ 100,000 lot of AUDJPY, which according to the rates on the chart would turn out to be the ideal instrument in this example to use the Forex carry trade strategy.
As our capital is in US dollars we have to assume for our example, the following quotes necessary to perform the place calculations:
AUD / JPY = 80.00 USD / JPY = 85.00
What happens internally in your broker is this.
  1. By placing as collateral $ 1,000 of your $ 50,000 of capital (assumed for this example), deposited in your account, you have access to $ 100,000 virtual (this is what is known as leverage); that is, you put in $ 1,000 and your broker lends you 99,000.
  2. With those $ 100,000 virtual dollars, your broker borrows on your behalf ¥ 8,500,000 Japanese yen (85 × 100,000) at 0.1% annual interest from a Japanese bank.
  3. With those ¥ 8,500,000 Japanese yen, your broker buys A $ 106,250 Australian dollars (8,500,000 / 80) and deposits it in an Australian bank where it receives 4.5% annual interest on your behalf.
  4. One year later (and regardless of the profit or loss generated by the pair's movement), your profit will be the difference between the AUD rate and the JPY rate, that is:
Profit = (AUD rate) - (JPY rate) - (costs of the 2 currency exchanges) Profit = (4.5%) - (0.1%) - (0.1% to 1%)
The great advantage of carry trade FOREX strategies is that this percentage profit is applied to the $ 100,000 of the standard lot; the broker transfers all of the profit to you, even if you only contributed $ 1,000. On the other hand, if you carry out the inverse of this operation, this benefit of the Forex carry trade becomes a cost (swap), and you assume it completely.
Remember that FOREX carry trade strategies are recommended for pairs with considerable interest rate differences, such as the one we have just seen in our example.
These FOREX strategies should also not be used in isolation. The idea is that through technical analysis you identify when would be the ideal time to enter the market using your carry trade Forex strategy and multiply your profits considerably.

What FOREX Strategies Do Hedge Funds Use?

The FOREX strategies used by large fund managers do not constitute an advantage in terms of percentage results for them, nor do they constitute a competitive disadvantage for you.
The vast majority of them fail because of their big egos. In fact, there was a firm made up of great financial geniuses, including 2 winners of the Nobel Prize in Economics, who developed a strategy based on quantum mathematical calculations.
With an initial base capital of about 3 billion dollars, and after 3 successful years obtaining annual returns of over 40%, the firm Long-Term Capital Management, begins its fourth year with losses. To counteract these losses the geniuses decide to multiply the initial capital several times, while the losses continued.
The year closed with the bankruptcy of the fund, and with a total accumulated loss of 1 trillion dollars, due to the great leverage used. And all for not admitting that the FOREX Strategies of Long Term Capital Management were not in line with the dynamics of the Market.
There are an overwhelming number of opportunities in the stock markets to make money interpreting the Language of Price.
You don't need to use complex "advanced" strategies that have been created to handle hundreds or billions of dollars.
The reasons for using these FOREX strategies are very different from what a "retail trader" pursues with his small speculation business.
As you can see, you should not worry about wanting to integrate any of these advanced strategies into your arsenal. They are only beneficial for managing hundreds or billions of dollars, where the return parameters are very different when you handle small amounts of capital.
Do not worry about collecting hundreds of free FOREX strategies that circulate on the internet, that great accumulation of mediocre information will only serve to confuse you and waste your valuable time.
Spend that time learning Price Action,
… And you will always be one step behind the Specialists, identifying each new Market condition, and anticipating the vast majority of reversals of all prices.
Ironically, the most successful fund managers indicate that their most profitable trades are those based on the basic trend-following strategies of the Price Language. The same ones that you will learn in this Free Course.
Dedicate yourself to perfecting them and believe me you won't need anything else. As long as you have good risk management, taking into consideration the following points ...

Styles of Investments in FOREX

The Investment FOREX long term is not recommended for small investors like you and me. If we take into account the term investing literally as large investors do who buy a financial product today to sell it years later.
We both have a better niche in the short and medium-term.
You may have noticed that the big multi-year trends in the Forex Market do exist. But minor swings within a big trend are usually very wide.
These minor movements allow us to easily double and triple the annual return of the big general trend, motivating most traders to speculate in the short and medium-term.
These minor oscillations or trends that occur within the large multi-year trends owe their occurrence mainly to two reasons.
First, the FOREX Market presents 3 sessions a day each in different cities of the world with different time zones (Asia, Europe, and America). This causes more frequent trend changes than in the rest of the stock markets.
Second, the purpose for which it was created also plays a role. The modern Foreign Exchange Market, since its inception in 1972, was conceived by the global financial system as a tool for speculation. To obtain benefits in the short and medium-term (from several days to 1 year).
These two points are basically the reasons why we observe the immense speed with which the FOREX market changes trends.
For example, for those who live in America, in the early morning (Europe) the EURUSD pair may be on the rise, in the morning or afternoon (America) it may be down, and then finally at night (Asia) it may return to the rise.

Define your Own Style for your FOREX Investments

One of the first decisions you will have to make is to choose your style as a trader or investor.
There are 4 types of well-defined styles.
Most professional traders tend to have multiple styles, although they always identify with one primary style for their FOREX investments. Study the characteristics of the 4 main styles to make your investments in FOREX :
1. Long Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per month to their investments in Forex. The period of an open position ranges from 1 year to 5 years.
2. Medium Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per week to their investments in Forex. The period of an open position ranges from 1 month to 1 year.
3. Short Term: recommended for anyone who is going to enter the market for the first time, or who already has a certain time operating in the long and medium-term, showing constant profits, and who can dedicate a minimum of one hour per day to your investments in FOREX. The period of an open position ranges from 1 day to 1 month.
4. Intraday : recommended only for people with a fairly solid earnings record in the short term, and with a capital greater than $ 50,000. As we have noted, this option constitutes a full-time job.
People who start investing in FOREX , should start executing short-term (weeks) and medium-term (months) transactions only, and not pay attention to intraday oscillations (day trading).
If you are interested in being an intraday speculator, I recommend that you first exhaust at least a year doing operations in the short and medium-term to assimilate the correct strategies and to develop the necessary mentality to carry out this work.
The second option would be to participate in some kind of intensive training.
I remind you that self-educating is almost impossible in speculation. You are likely to accumulate a lot of knowledge by reading books and attending courses. But you will probably never learn to make money with all the incomplete "systems" circulating on the internet.

Mistakes to Avoid When Looking for Your Style

Many people who are new to FOREX investments make the mistake of combining these styles, which is a key to failure.
I recommend that if you are not getting the results you expected by adopting one of these styles, do not try to change it. The problem sure is not in the style, but in your strategies or in your psychology.
A successful investor is able to make a profit in any longer trading time than he is used to. I explain. If you are already a profitable operator in the short term, it is very likely that you will also be profitable in the medium and long term,
… As long as you can interpret the Language of Price or Price Action.
In the opposite case, the same would not happen. If you were a medium-term trader, you would need time to adjust to the intraday. The reality is that long, medium and short term traders have very similar personalities. The intraday trader is completely different.

The Myth of the Intraday in Investments in FOREX

If you are already successful in the short, medium and long term, you will notice that the sacrifice and the hours necessary in front of the computer to operate intraday is much greater. The intraday style will be useful to increase your account if it is less than USD $ 100,000 in a very short time in exchange for 8 to 12 hours a day of hard work but ...
You must first develop the necessary skills to operate the intraday.
The ideal is to combine all the styles to get more out of the Market and carry out more effective transactions and have a diversification in your investments in FOREX.
There are intraday traders that are very successful, but the reality is that there are very few in the world that make a profit year after year. If you want to become an intraday, you just have to prepare yourself properly through intensive training.
Otherwise, I recommend that you don't even think about educating yourself to adopt the intraday style. It is not necessary to go against a probability of failure greater than 99%. Unless
... your ego is greater than your common sense.
The main reason why this style of investments in FOREX is not recommended for the vast majority of us "retail investors" (the official term "retail traders"), is the high operational cost.
The real commissions in this market range between $ 2.0 and $ 2.50 for each lot of 100,000 virtual units. This means that a complete operation (opening and closing) is approximately $ 5.00, for each standard lot traded ($ 100,000 virtual).
Another fundamental reason is the advent of robotic traders (HFT = High-Frequency Trading), which tend to manipulate the market in the shorter intraday swings. Please do not confuse HFTs with automated systems that we find daily on the internet, and that can be purchased for a few hundred dollars and often for free on FOREX forums / groups.
These HFTs to which I refer, they are effective. They cost millions of dollars and have been developed by the large Wall Street financial firms to manage their investments in FOREX.
The reality of the intraday trader is that you execute orders for large lots at the same time, to profit from the smallest movements in the market. It is an activity based on reflexes. The slightest oversight or distraction can turn into a catastrophe for your FOREX investments.
I recommend that you start investing in FOREX using slow time periods such as H4 or Daily. For some reason, all Goldman Sachs intraday FOREX investments are made with algorithms.

Finally…

To choose your style as a trader and manage your investments in FOREX, first determine what your degree of experience is, analyze the points mentioned below and the rest you will discover when you execute your first operations.
The points that will affect your decision are:
  • Capital
  • Time available each day
  • Level of Experience
  • Personality
Discovering your style is a search process. For some it will be a long way to find the right time frame that matches their personality. Don't be put off by the falls. After all, those who continue the path despite the falls are the ones who reach the destination.
And I hope you are one of those who get up over and over again. The next lesson will boost your confidence when you discover the main reason that moves currencies ...

Fundamental Analysis in Forex Trading Reddit

The fundamental analysis in Forex is used mostly by long-term investors. Players as we saw in the styles of operators, start a negotiation today, to close it years later.
I always emphasize the importance that the mass media give to this type of analysis to distract the great mass of participants.
It is all part of a great mass psychological manipulation. For centuries the ignorance of the masses has been organized before the great movements begin.
The important news are the macroeconomic reports published by the Central Banks and other government agencies destined for this work. All reports are made up. 99% of them are corrected months later.
These events are tools to justify fundamental analysis and price cleaning movements. Any silly headline does the job. With this, it is possible to absorb most of the existing liquidity, before the new trend phase is projected.

Reaction!

Except in rare situations, the result of an economic report of the fundamental analysis is generally already assimilated in the graph. In most cases, there are financial institutions that already have access to this information and are organizing and carrying out their operations in advance.
The phrase buy the rumor and sell the news is a very old adage on Wall Street. And its meaning contains what we have just explained. For the investor who can interpret the Language of Price, fundamental analysis is of little importance. Well, in general, their disclosure does not indicate that you have to take any action in your open trades , as long as your entry strategy provides you with a good support cushion.
This reality of fundamental analysis causes a lot of confusion for investors who lack in-depth knowledge of the forex market.

Macroeconomic Data

The data published in these events is irrelevant. Both for speculators and for the people in general. They are false. They lack reliability.
The price can go up or down with the same result of the data. The main ones are:
- Interest Rates - GDP (gross domestic product) - CPI (inflation) - ISM (manufacturing index) - NFP (payroll) - Double Deficits (deficit = fiscal + balance of payments)
If you are initiated, I recommend you avoid operating near these events. It is only a matter of having the time pending. Use the economic calendar for Fundamental Analysis of Forex Factory.
There is a probabilistic advantage in operating these fundamental analysis events. But it takes preparation, experience, and practice. They represent a way of diversifying in the general operation of a speculator.

The Uncertainty of Fundamental Analysis

On many occasions after the disclosure of an economic report, the price movement of the currency pair that is going to be affected tends to move in the opposite direction to the logic of the report.
I show you an example of a fundamental analysis report. Imagine that the EUR / USD pair is trading at 1.2500, and the FED (US Federal Reserve) issues a statement announcing that it has just raised inter-bank interest rates from 0.25 points to 0.75 points. Very positive news for the US dollar that logically implies an appreciation of the currency and consequently an instantaneous collapse of the EUR / USD pair (up the dollar and down the euro)
However, minutes after the release of said fundamental analysis report, the pair after effectively collapsing to 1.2400, returns and returns to its levels prior to the report (1.2500). This situation is very common , but it is not so easy to identify it when it is occurring, but after the damage is done.
Traps like these devour the accounts of beginners who approach the market with little experience, with weak strategies, and especially with very little experience.
That is why I reiterate that you forget the fundamental analysis for now. Just keep in mind when operating, that there is no publication scheduled nearby. Just check the economic calendar for the day and forget about the numbers. Let the economists mess around with the data.

FOREX Market Correlation

The Forex market correlation exists between pairs with similar "base" currencies and not always under the same circumstances. The correlation in the Forex market that is most followed and that has the greatest impact on fundamental analysis is that of the US dollar (USD).
The USD is the most traded monetary unit with a volume greater than 80% with respect to the rest of the currencies. This fact determines why their correlation is the most important, the most followed, and perhaps the only one worth following in the fundamental macro analysis.
The 7 major pairs are usually in sync . These 7 pairs all include the USD and present a fundamental analysis correlation almost 75% of the time. Influencing the rest of the currency pairs.

Advantages of the FOREX Market Correlation

In the fundamental analysis the most basic FOREX correlation is the following. When the USD appreciates, the USD / CAD, USD / CHF, and USD / JPY pairs tend to go up in price. This indicates that the Canadian dollar (CAD), the Swiss franc (CHF), and the Japanese yen (JPY) are losing value against the USD.
We must bear in mind that this correlation does not occur 100% of the time. In fact, the JPY generally tends to move in the opposite direction , since in recent decades this currency has been used as a source of financing to invest in other financial instruments.
On the other side is the FOREX market correlation that generates a movement almost in unison in the other 4 major pairs EUR / USD, GBP / USD, AUD / USD, and NZD / USD. These tend to fall in price, homologous the appreciation of the USD. But not always.
In this case the fundamental analysis correlation works most of the time, between 65 and 85% of the time. Small differences are noted in the extent that each of these pairs experiences.
There is also a correlation in the secondary FOREX market, where the pairs of all currencies that do not include the USD participate, but I recommend you not to waste time on them for now. There are more important things about the Language of Price to know first.

FOREX Commodity Correlation

In this part I will explain to you in a basic way the Correlation Commodities - FOREX of the fundamental analysis.
There are three currencies that have a direct correlation with commodities. They are usually called: "COMDOLLS" which is short for "Commodities Dollars" (Commodities Dollars), since all three obey the dollar denomination. These are:
- The New Zealand Dollar (NZD) - The Australian Dollar (AUD) - The Canadian Dollar (CAD)
These three currencies make up the group of the 8 largest together with the euro, the pound, the yen, the franc and the US dollar. Together, they merge to produce the major pairs traded in the FOREX Foreign Exchange Market.
The FOREX Commodity Correlation has an affinity in most cases greater than 75%. And each of them has its different raw material of correlation. You will notice that the NZD and the AUD are two currencies that act practically in unison. Both present minimal discrepancies in their fluctuations in the short, medium and long term.
This is mainly because their economies are very similar and their economic and fiscal policies are too. Their main production items also show great similarities, despite the fact that the Australian economy is much larger than the New Zealand economy.
The raw materials that follow the movement of the AUD are mainly gold and copper. If you put the history of these three quotes during the last decade of the year 2,000 together on the same chart, you will notice a very similar upward movement between the three quotes. Pure correlation of fundamental analysis.
This strong correlation with commodities in the metals area for the AUD has provided Australia with an economic advantage enviable over the other major powers that have seen their currencies devalue sharply against the AUD. At the same time, they experience a constant decrease in the purchasing power of their citizens.
The NZD maintains a correlation with raw materials related to agriculture and livestock, mainly including milk and its derivatives. It is one of the countries that dominates the world export of these economic items, and also has important exports of metals , although in smaller quantities than Australia.
Finally, you have a correlation with raw materials in the energy area. For historical reasons the CAD, which is not the largest oil producer in the world, but an important supplier to the largest consumer that is the US, has seen its currency oscillate in line with oil prices.
To make long-term investments in the Foreign Exchange Market, it is necessary to take into consideration at least one Commodity Correlation - FOREX in your fundamental analysis.

Forex Technical Analysis Reddit

The technical analysis is the methodology that interprets the movements of the price. Specialists look for liquidity to fund their business. The repetition of the strategies used by the specialists in their work generate repetitive patterns.
If you were an analyst, you would develop the visual ability to identify such patterns on a graph. If you were a programmer you would quantify them mathematically using complex formulas.
And if you could learn to interpret the Language of Price, you would have the ability to anticipate 90% of all movements that occur on a chart. And in this business, anticipating is what will make you money.
Market prices are reflected and framed on a horizontal time axis and a vertical price axis. Prices go up or down according to the aggressiveness of the participating operators. In an efficient or balanced market these oscillations should be imperceptible.
But in reality this is not the case, since the Market works thanks to the digital printing of hundreds of billions of units of paper money systematically distributed by the Central Banks through the banking system. These resources serve as a tool to manipulate 100% of the movements that occur in the FOREX Market.
Are you looking for Technical Indicators? All technical indicators were created from the 70's. How do you think that for more than 200 years the speculators of the past accumulated great wealth?
With the Language of Price. The best timing is given by the price itself. Indicator-generated entry signals usually occur at the wrong time.
The basis of technical analysis is human psychology. Unfortunately, human beings are not perfect and are loaded with emotions that dominate their behavior in similar situations, creating repetitive and highly predictable behavior when it occurs in masses.
The study of technical analysis through indicators and subjective training, originates and shapes the collective thinking on which all the traps that specialists execute every day to maintain their business are designed. If the majority won, the Market would cease to exist.
Although you already know that the patterns are not generated by the masses , but the repetitive behavior of the Specialists in the face of the action response of the masses. It is very easy for speculaists, because they can see everyone's orders in their books.
And they also exert a great influence on the decisions of the masses through the mass media. It is what I call the war between the Egg and the Stone , if you hit me you win and if I hit you also you win.

The Deception of Modern Technical Analysis

Through the centuries thousands of people have been able to extract great benefits from the financial markets by applying the basic strategies of technical analysis and the psychology of the Price Language.
More than 200 years ago when the markets began to operate officially, fundamental analysis predominated, which was only used by large financial institutions. As this analysis tool began to become popular, these institutions began to apply the strategies of technical analysis.
In recent decades and with the massification of internet technology, technical analysis has begun to be handled by anyone who has a computer with internet access. The same financial institutions, which have been present for more than a century and as a result of this overcrowding , establish a strategy to confuse and misinform about the true strategies of technical analysis.
This has been accomplished in the following manner. Currently there are hundreds, if not thousands of technical indicators that have been developed by so-called "gurus" of technical analysis and that sell their magic indicators packed in a "system" or "method" that usually cost thousands of dollars, or simply with the publication of a book with which they generate large profits. Double benefit.
The aim is to confuse the initiates in speculation and create the collective mentality that will originate the same behaviors over and over again. About 95% of these new entrants completely lose all the capital they invest in their early stages as investors.
Leaving them with a negative experience and creating the idea and the image that financial markets are an exclusive area for geniuses with high academic levels and that only they can produce returns in the markets year after year.
The initiate, having lost all his original capital, turns to these “gurus” for help and teachings. You spend more capital on the products they offer you and the cycle repeats itself . Obviously, the vast majority do not relapse and completely forget to re-engage in the stock markets.
I hope you have not been a victim of this drama.
Now I will show you the simplicity of a FOREX technical analysis , without the need to resort to any indicator as a tool to determine an effective entry or exit strategy when planning your operations.

The Price Cycle

Previously you studied in the FOREX strategies lesson, that the typical price cycle when it is reflected in a graph, presents four very specific phases and very easy to identify if you perform a technical analysis with common sense . These are:
  • Accumulation
  • Bullish trend
  • Distribution
  • Bearish trend
Remember also that the most effective way to constantly extract profits in the markets is by taking advantage of phases 2 and 4 (the trends). Combined with a correct reading of the collective behavior of the masses of speculators interpreting the Language of Price.
You will be surprised by the simplicity with which thousands of people around the world and over the centuries have accumulated large sums of money by drawing a few simple lines and applying responsible risk management with their capital.

How to Identify Trends?

Being able to determine the trend phases within the price cycle is the essence of technical analysis since it is these two phases that provide you with the probabilistic advantage you need to operate in the markets and obtain constant returns.
In the most plain and simple language, in the world of technical analysis, there are only two types of formations: trends and ranges.
The trends, in turn, can be bullish if they go up, or bearish if they go down. The ranges, on the other hand, can be accumulation if they are at the beginning of the cycle, or distribution if they are in the high part of the cycle. As I had indicated in the topic of FOREX strategies when describing the price cycle.
This sounds more like a play on words, but I will show you the practical definition to simplify your life and then you will apply these definitions on the graph so that everything makes more sense to you.
  • Bullish trend: a succession of major highs and major lows
  • Bearish trend: a succession of minor highs and minor lows
  • Floor Range: equal highs and varied lows
  • Ceiling Range: equal minimums and varied maximums
https://preview.redd.it/vvmsshf0guv51.png?width=600&format=png&auto=webp&s=c321679a7dcc03f7184778be86379ef442fddf91
Some key points from the graph:
  • The start of this big uptrend was detected when the last high (thick green line) of the previous downtrend was broken to the upside, ending the succession of lower highs, while exiting the lateral floor formation.
  • The succession of major lows in the uptrend (thin blue lines)
  • The succession of major highs in the uptrend (thin green lines)
  • The end of the uptrend was detected when the last low (thick blue line) of the uptrend was broken to the downside, ending the succession of higher lows, while exiting the lateral ceiling formation.
A tool that will help you sharpen your technical eye and identify trends on the chart is the Currency Scanner. This application is very effective and will provide you with a much-needed boost in your operations to identify reliable trends. At first, we are not sure how reliable a trend is. You will receive great help to find opportunities with the Currency Scanner .

The Common Sense, The Less Common of Senses

The central idea of ​​technical analysis consists in determining the price situation of a market, that is, in which phase of the pattern of its cycle it is currently conjugated with the collective thinking of the masses and the possible traps that the market would have prepared to remove. the capital at stake by the public.
To carry out a precise technical analysis, you will use the support and resistance lines, which can be static (horizontal) or dynamic (projecting an angle with respect to the horizontal axis).
Your common sense prevails here.
If you show a 10-year-old a chart, they will be able to tell you if the price is going up or down. You will most likely have no idea how to draw the lines, but you will be able to establish the general trend. Simply using your common sense.
By introducing indicators and other gadgets , the simplicity and effectiveness of the technical analysis created by your common sense evaporates.
The following graph conceptually shows you all the possible situations in which you could draw these lines to carry out your technical analysis of the place. You can clearly observe a downtrend delimited by its dynamic trend line and an uptrend on the right side with its respective dynamic delimitation.
https://preview.redd.it/5iehg0r6guv51.png?width=500&format=png&auto=webp&s=84c265a5d35da7ea970792c4bf40fe20b33bd8bd

Forex Charts Analysis

I want to remind you that the formations or patterns that develop on the charts (triangles, wedges, pennants, boxes, etc.) only work to execute trades that have initially been confirmed by the static support and resistance lines and to read the collective thinking of the masses.
Chart formations work, but you must know the Language of Price to determine when the Specialists will exploit a chartist figure, or when they will allow it to run. In fact, you will learn with the Language that you can operate a chart figure in any direction.
Much of the "mentalization" that the masses receive is to believe that the figures are made to be respected. Which is an inefficient way of working. Simply because you could wait days or months for a perfect chart figure to occur in order to perform a reliable trade. When in fact there are dozens every day.

Japanese Candles

Of all the tools you have to carry out technical analysis, perhaps the best known and most popular is the Japanese technique of candles (candlesticks).
Candles are mainly used to identify reversal points on the chart without resorting to confirmation of horizontal trend lines and only using a previous bar or candle breaks.
Its correct use is subject to a multi-time analysis (multiple temporalities) and a general evaluation of the context proposed by the market in general at the time of each scenario.
Later I will show you all the important details to take into account so that you use Japanese candles in a simple and very effective way.
Do not forget ... Trading in your beginnings based on formations (chartism) and candlestick patterns conjugated with hundreds of tools and technical indicators, constitutes the perfect path to your failure. Before using any strategy or technique I recommend you focus on learning the Price Language, which includes 3 basic things:
  • The Price: structure and dynamics
  • Market sentiment: relative strength, external shocks, etc.
  • Psychology: flexible mindset and risk acceptance
After you acquire this solid foundation, I guarantee that you will be able to trade any trading system that exists, any strategy, technique or chart figure in a profitable and consistent manner.
Specialists make money every day at the expense of the collective behavior caused by the use of these strategies and techniques. With which you will only manage to lose your capital and your time by putting the cart in front of the horse.
People who do the opposite, at best become,
... Philosophers of Speculation, or indocile Robot Assistants or Expert Advisors.
To make money in any market condition, range or trend, you must use the technical analysis based on the Price Language and combine it with a correct psychological reading of the price. This knowledge can only be acquired through proper education and lots of supervised practice. Like any other career in life.
I hope you've found this guide helpful!
submitted by kayakero to makemoneyforexreddit [link] [comments]

How reliable are volume indicators in MT4. I think they are useless for the below reason.

Since forex is not a centralized market, that means we do not have the actual volume showing on our charts, as it is probably sourced from only one exchange. Does that not mean that our volume indicators, like OBV and Accumulation/Distribution are quite useless?
submitted by Hxn1234 to Forex [link] [comments]

addaff

addaff

What Is Capitalism?

Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.
The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained. They may determine where to invest, what to produce or sell, and at which prices to exchange goods and services. The laissez-faire marketplace operates without checks or controls.
Today, most countries practice a mixed capitalist system that includes some degree of government regulation of business and ownership of select industries.
Volume 75% 2:05

Capitalism

Understanding Capitalism

Functionally speaking, capitalism is one process by which the problems of economic production and resource distribution might be resolved. Instead of planning economic decisions through centralized political methods, as with socialism or feudalism, economic planning under capitalism occurs via decentralized and voluntary decisions.

KEY TAKEAWAYS

  • Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector.
  • Capitalism depends on the enforcement of private property rights, which provide incentives for investment in and productive use of productive capital.
  • Capitalism developed historically out of previous systems of feudalism and mercantilism in Europe, and dramatically expanded industrialization and the large-scale availability of mass-market consumer goods.
  • Pure capitalism can be contrasted with pure socialism (where all means of production are collective or state-owned) and mixed economies (which lie on a continuum between pure capitalism and pure socialism).
  • The real-world practice of capitalism typically involves some degree of so-called “crony capitalism” due to demands from business for favorable government intervention and governments’ incentive to intervene in the economy.

Capitalism and Private Property

Private property rights are fundamental to capitalism. Most modern concepts of private property stem from John Locke's theory of homesteading, in which human beings claim ownership through mixing their labor with unclaimed resources. Once owned, the only legitimate means of transferring property are through voluntary exchange, gifts, inheritance, or re-homesteading of abandoned property.
Private property promotes efficiency by giving the owner of resources an incentive to maximize the value of their property. So, the more valuable the resource is, the more trading power it provides the owner. In a capitalist system, the person who owns the property is entitled to any value associated with that property.
For individuals or businesses to deploy their capital goods confidently, a system must exist that protects their legal right to own or transfer private property. A capitalist society will rely on the use of contracts, fair dealing, and tort law to facilitate and enforce these private property rights.
When a property is not privately owned but shared by the public, a problem known as the tragedy of the commons can emerge. With a common pool resource, which all people can use, and none can limit access to, all individuals have an incentive to extract as much use value as they can and no incentive to conserve or reinvest in the resource. Privatizing the resource is one possible solution to this problem, along with various voluntary or involuntary collective action approaches.

Capitalism, Profits, and Losses

Profits are closely associated with the concept of private property. By definition, an individual only enters into a voluntary exchange of private property when they believe the exchange benefits them in some psychic or material way. In such trades, each party gains extra subjective value, or profit, from the transaction.
Voluntary trade is the mechanism that drives activity in a capitalist system. The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services. All of this activity is built into the price system, which balances supply and demand to coordinate the distribution of resources.
A capitalist earns the highest profit by using capital goods most efficiently while producing the highest-value good or service. In this system, information about what is highest-valued is transmitted through those prices at which another individual voluntarily purchases the capitalist's good or service. Profits are an indication that less valuable inputs have been transformed into more valuable outputs. By contrast, the capitalist suffers losses when capital resources are not used efficiently and instead create less valuable outputs.

Free Enterprise or Capitalism?

Capitalism and free enterprise are often seen as synonymous. In truth, they are closely related yet distinct terms with overlapping features. It is possible to have a capitalist economy without complete free enterprise, and possible to have a free market without capitalism.
Any economy is capitalist as long as private individuals control the factors of production. However, a capitalist system can still be regulated by government laws, and the profits of capitalist endeavors can still be taxed heavily.
"Free enterprise" can roughly be understood to mean economic exchanges free of coercive government influence. Although unlikely, it is possible to conceive of a system where individuals choose to hold all property rights in common. Private property rights still exist in a free enterprise system, although the private property may be voluntarily treated as communal without a government mandate.
Many Native American tribes existed with elements of these arrangements, and within a broader capitalist economic family, clubs, co-ops, and joint-stock business firms like partnerships or corporations are all examples of common property institutions.
If accumulation, ownership, and profiting from capital is the central principle of capitalism, then freedom from state coercion is the central principle of free enterprise.

Feudalism the Root of Capitalism

Capitalism grew out of European feudalism. Up until the 12th century, less than 5% of the population of Europe lived in towns. Skilled workers lived in the city but received their keep from feudal lords rather than a real wage, and most workers were serfs for landed nobles. However, by the late Middle Ages rising urbanism, with cities as centers of industry and trade, become more and more economically important.
The advent of true wages offered by the trades encouraged more people to move into towns where they could get money rather than subsistence in exchange for labor. Families’ extra sons and daughters who needed to be put to work, could find new sources of income in the trade towns. Child labor was as much a part of the town's economic development as serfdom was part of the rural life.

Mercantilism Replaces Feudalism

Mercantilism gradually replaced the feudal economic system in Western Europe and became the primary economic system of commerce during the 16th to 18th centuries. Mercantilism started as trade between towns, but it was not necessarily competitive trade. Initially, each town had vastly different products and services that were slowly homogenized by demand over time.
After the homogenization of goods, trade was carried out in broader and broader circles: town to town, county to county, province to province, and, finally, nation to nation. When too many nations were offering similar goods for trade, the trade took on a competitive edge that was sharpened by strong feelings of nationalism in a continent that was constantly embroiled in wars.
Colonialism flourished alongside mercantilism, but the nations seeding the world with settlements were not trying to increase trade. Most colonies were set up with an economic system that smacked of feudalism, with their raw goods going back to the motherland and, in the case of the British colonies in North America, being forced to repurchase the finished product with a pseudo-currency that prevented them from trading with other nations.
It was Adam Smith who noticed that mercantilism was not a force of development and change, but a regressive system that was creating trade imbalances between nations and keeping them from advancing. His ideas for a free market opened the world to capitalism.

Growth of Industrial Capitalism

Smith's ideas were well-timed, as the Industrial Revolution was starting to cause tremors that would soon shake the Western world. The (often literal) gold mine of colonialism had brought new wealth and new demand for the products of domestic industries, which drove the expansion and mechanization of production. As technology leaped ahead and factories no longer had to be built near waterways or windmills to function, industrialists began building in the cities where there were now thousands of people to supply ready labor.
Industrial tycoons were the first people to amass their wealth in their lifetimes, often outstripping both the landed nobles and many of the money lending/banking families. For the first time in history, common people could have hopes of becoming wealthy. The new money crowd built more factories that required more labor, while also producing more goods for people to purchase.
During this period, the term "capitalism"—originating from the Latin word "capitalis," which means "head of cattle"—was first used by French socialist Louis Blanc in 1850, to signify a system of exclusive ownership of industrial means of production by private individuals rather than shared ownership.
Contrary to popular belief, Karl Marx did not coin the word "capitalism," although he certainly contributed to the rise of its use.

Industrial Capitalism's Effects

Industrial capitalism tended to benefit more levels of society rather than just the aristocratic class. Wages increased, helped greatly by the formation of unions. The standard of living also increased with the glut of affordable products being mass-produced. This growth led to the formation of a middle class and began to lift more and more people from the lower classes to swell its ranks.
The economic freedoms of capitalism matured alongside democratic political freedoms, liberal individualism, and the theory of natural rights. This unified maturity is not to say, however, that all capitalist systems are politically free or encourage individual liberty. Economist Milton Friedman, an advocate of capitalism and individual liberty, wrote in Capitalism and Freedom (1962) that "capitalism is a necessary condition for political freedom. It is not a sufficient condition."
A dramatic expansion of the financial sector accompanied the rise of industrial capitalism. Banks had previously served as warehouses for valuables, clearinghouses for long-distance trade, or lenders to nobles and governments. Now they came to serve the needs of everyday commerce and the intermediation of credit for large, long-term investment projects. By the 20th century, as stock exchanges became increasingly public and investment vehicles opened up to more individuals, some economists identified a variation on the system: financial capitalism.

Capitalism and Economic Growth

By creating incentives for entrepreneurs to reallocate away resources from unprofitable channels and into areas where consumers value them more highly, capitalism has proven a highly effective vehicle for economic growth.
Before the rise of capitalism in the 18th and 19th centuries, rapid economic growth occurred primarily through conquest and extraction of resources from conquered peoples. In general, this was a localized, zero-sum process. Research suggests average global per-capita income was unchanged between the rise of agricultural societies through approximately 1750 when the roots of the first Industrial Revolution took hold.
In subsequent centuries, capitalist production processes have greatly enhanced productive capacity. More and better goods became cheaply accessible to wide populations, raising standards of living in previously unthinkable ways. As a result, most political theorists and nearly all economists argue that capitalism is the most efficient and productive system of exchange.

Capitalism vs. Socialism

In terms of political economy, capitalism is often pitted against socialism. The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production. However, other differences also exist in the form of equity, efficiency, and employment.

Equity

The capitalist economy is unconcerned about equitable arrangements. The argument is that inequality is the driving force that encourages innovation, which then pushes economic development. The primary concern of the socialist model is the redistribution of wealth and resources from the rich to the poor, out of fairness, and to ensure equality in opportunity and equality of outcome. Equality is valued above high achievement, and the collective good is viewed above the opportunity for individuals to advance.

Efficiency

The capitalist argument is that the profit incentive drives corporations to develop innovative new products that are desired by the consumer and have demand in the marketplace. It is argued that the state ownership of the means of production leads to inefficiency because, without the motivation to earn more money, management, workers, and developers are less likely to put forth the extra effort to push new ideas or products.

Employment

In a capitalist economy, the state does not directly employ the workforce. This lack of government-run employment can lead to unemployment during economic recessions and depressions. In a socialist economy, the state is the primary employer. During times of economic hardship, the socialist state can order hiring, so there is full employment. Also, there tends to be a stronger "safety net" in socialist systems for workers who are injured or permanently disabled. Those who can no longer work have fewer options available to help them in capitalist societies.

Mixed System vs. Pure Capitalism

When the government owns some but not all of the means of production, but government interests may legally circumvent, replace, limit, or otherwise regulate private economic interests, that is said to be a mixed economy or mixed economic system. A mixed economy respects property rights, but places limits on them.
Property owners are restricted with regards to how they exchange with one another. These restrictions come in many forms, such as minimum wage laws, tariffs, quotas, windfall taxes, license restrictions, prohibited products or contracts, direct public expropriation, anti-trust legislation, legal tender laws, subsidies, and eminent domain. Governments in mixed economies also fully or partly own and operate certain industries, especially those considered public goods, often enforcing legally binding monopolies in those industries to prohibit competition by private entities.
In contrast, pure capitalism, also known as laissez-faire capitalism or anarcho-capitalism, (such as professed by Murray N. Rothbard) all industries are left up to private ownership and operation, including public goods, and no central government authority provides regulation or supervision of economic activity in general.
The standard spectrum of economic systems places laissez-faire capitalism at one extreme and a complete planned economy—such as communism—at the other. Everything in the middle could be said to be a mixed economy. The mixed economy has elements of both central planning and unplanned private business.
By this definition, nearly every country in the world has a mixed economy, but contemporary mixed economies range in their levels of government intervention. The U.S. and the U.K. have a relatively pure type of capitalism with a minimum of federal regulation in financial and labor markets—sometimes known as Anglo-Saxon capitalism—while Canada and the Nordic countries have created a balance between socialism and capitalism.
Many European nations practice welfare capitalism, a system that is concerned with the social welfare of the worker, and includes such policies as state pensions, universal healthcare, collective bargaining, and industrial safety codes.

Crony Capitalism

Crony capitalism refers to a capitalist society that is based on the close relationships between business people and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the government in the form of tax breaks, government grants, and other incentives.
In practice, this is the dominant form of capitalism worldwide due to the powerful incentives both faced by governments to extract resources by taxing, regulating, and fostering rent-seeking activity, and those faced by capitalist businesses to increase profits by obtaining subsidies, limiting competition, and erecting barriers to entry. In effect, these forces represent a kind of supply and demand for government intervention in the economy, which arises from the economic system itself.
Crony capitalism is widely blamed for a range of social and economic woes. Both socialists and capitalists blame each other for the rise of crony capitalism. Socialists believe that crony capitalism is the inevitable result of pure capitalism. On the other hand, capitalists believe that crony capitalism arises from the need of socialist governments to control the economy.
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https://preview.redd.it/grfmt8oe4le41.png?width=1199&format=png&auto=webp&s=49d71283e37563aff53287dff7c1f99f993fb8b5
submitted by MattPetroski to ItalicoIntegralism [link] [comments]

Free professional level trading course (Videos hosted by myself / Altcoin Markets)

Hello everyone, I want to start by introducing myself.

Introduction: I'm c0tt0nc4ndyTA and I'm a day trader that's had great success in this field for many years. My path was to be an Architect; I spent 9 years in university studying computer sciences for the first 6 years, and then my masters in architecture for the remaining. During my studies I fell in love with day trading, and quickly let the student in me consume any book I could get my hands on while going on a shopping spree of online courses. For years I refined my talents and switched my career direction to day-trading. I focus mainly on Crypto Currencies as the ethos of Libertarianism aligns with my beliefs. This would consciously allow me to day-trade as a career.

My objective: I'm reaching out to communities to let them know I've started an online journey to train people for free. I want to take my years of knowledge and refinement to create a free course that give the new generation of traders a fighting chance at success, and the ability to learn the core mechanics of trading, which I believe function heavily in psychology and discipline.

Why Free?: I have a real problem with the training industry in it's current state. I've spent many thousands of dollars on my journey to becoming a professional. I've seen literally hundreds of courses, ads, websites, people on social media, or marketing spots trying to take advantage of people by offering something along the lines of this:
"I've taught thousands of people how to make millions of dollars and you can join my course for only $2,000" or " Want to be your own boss and make up to $2,500 a day? start here by taking my course and learning the best killer strategies for only $300.00 a month"
The amount of "pay to learn how to trade" material out there is staggering, and it has become the new way to angle shoot people for profits. Almost sort of a new age form of scamming. The funny part is most of these paid for courses or materials are a very poor form of trading, some rehash of fib levels, regurgitated strategies that simply don't work, or some form of "enter at C for insane mad easy guaranteed profits". It's pure crap, and there's not enough real training out there. In my time I have seen close friends, many acquaintances online and in person, and strangers fall into this trap of spending over $25,000.00 at times on these materials that simply don't work. They then lose money after spending absorbent amounts of money trying to learn to become a professional trader.

What do I expect?: Absolutely nothing. I do this to give people a fighting chance at learning institutional level trading. My content is 100% free, I devote a lot of my time every week to create a platform where people (beginners and advanced) can learn how to trade, and refine their skills. I upload three videos a week on youtube, I do live lessons in discord, I openly receive questions and feedback, and I post charts on trading view for people to get in on the same trades I'm already in on. I can't stress enough that this is free. There is no types of hidden memberships, paid bonuses, back-end dealings, pump and dumps of any kind, or anything even closely resembling me taking money for some type of service. The only thing I expect want is for people to tune in and learn!

Whose this for?: Everyone! It doesn't matter if you're a beginner, or an advanced trader. It doesn't matter if you trade the Forex, Crypto, Bonds, Derivatives, or other. This material will be applicable to you. I focus primarily on the crypto markets.

A quick example, what will I learn?: Here's a quick overview of the lesson plan that I upload 3 videos a week for.
Lesson 1: The FundamentalsLesson 2: Accumulation and distributionLesson 3: TargetsLesson 4: Levels (Supports and Resistances)
Lesson 5: MomentumLesson 6: PatternsLesson 7: TrendsLesson 8: Time FramesLesson 9: Fibonacci ToolsLesson 10: Live Trade 1
ADVANCED LEVEL
Lesson 11: Targets AdvancedLesson 12: Trend Starts and FinishesLesson 13: ExhaustionLesson 14: Advanced Support and ResistanceLesson 15: Advanced Levels Gained vs LostLesson 16: Advanced Levels 2 Touch, Rejection, Wicks, and ClosesLesson 17: Live Trade 2Lesson 18: Catching and Releasing falling knivesLesson 19: Day Trading as a CareerLesson 20: Entries and ExitsLesson 21: Moving AveragesLesson 22: Advanced Trends Valleys and PeaksLesson 23: Mechanical TradingLesson 24: Live Trade 3Lesson 25: Putting It All Together
PROFESSIONAL
Lesson 26: Level StrengthLesson 27: Dissecting The PsychologyLesson 28: Camouflaged LevelsLesson 29: The Disciplined TraderLesson 30: Planning The Trade To Perfection

You can find me as listed below. The training course is hosted on YouTube.
🎓 Course Via YOUTUBE https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw
🎓 Trading View https://www.tradingview.comc0tt0nc4ndyTA/
🎓 Twitter https://twitter.com/c0tt0nc4ndyTA
🎓 Discord Community https://discord.gg/4e2SjZe
TLDR: I'm offering free training here https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw why? Because paying for materials is a scam.
submitted by c0tt0nc4ndyTA to Daytrading [link] [comments]

Free professional level trading course (Videos hosted by myself / Crypto Markets)

Hello everyone, I want to start by introducing myself.

Introduction: I'm c0tt0nc4ndyTA and I'm a day trader that's had great success in this field for many years. My path was to be an Architect; I spent 9 years in university studying computer sciences for the first 6 years, and then my masters in architecture for the remaining. During my studies I fell in love with day trading, and quickly let the student in me consume any book I could get my hands on while going on a shopping spree of online courses. For years I refined my talents and switched my career direction to day-trading. I focus mainly on Crypto Currencies as the ethos of Libertarianism aligns with my beliefs. This would consciously allow me to day-trade as a career.

My objective: I'm reaching out to communities to let them know I've started an online journey to train people for free. I want to take my years of knowledge and refinement to create a free course that give the new generation of traders a fighting chance at success, and the ability to learn the core mechanics of trading, which I believe function heavily in psychology and discipline.

Why Free?: I have a real problem with the training industry in it's current state. I've spent many thousands of dollars on my journey to becoming a professional. I've seen literally hundreds of courses, ads, websites, people on social media, or marketing spots trying to take advantage of people by offering something along the lines of this:
"I've taught thousands of people how to make millions of dollars and you can join my course for only $2,000" or " Want to be your own boss and make up to $2,500 a day? start here by taking my course and learning the best killer strategies for only $300.00 a month"
The amount of "pay to learn how to trade" material out there is staggering, and it has become the new way to angle shoot people for profits. Almost sort of a new age form of scamming. The funny part is most of these paid for courses or materials are a very poor form of trading, some rehash of fib levels, regurgitated strategies that simply don't work, or some form of "enter at C for insane mad easy guaranteed profits". It's pure crap, and there's not enough real training out there. In my time I have seen close friends, many acquaintances online and in person, and strangers fall into this trap of spending over $25,000.00 at times on these materials that simply don't work. They then lose money after spending absorbent amounts of money trying to learn to become a professional trader.

What do I expect?: Absolutely nothing. I do this to give people a fighting chance at learning institutional level trading. My content is 100% free, I devote a lot of my time every week to create a platform where people (beginners and advanced) can learn how to trade, and refine their skills. I upload three videos a week on youtube, I do live lessons in discord, I openly receive questions and feedback, and I post charts on trading view for people to get in on the same trades I'm already in on. I can't stress enough that this is free. There is no types of hidden memberships, paid bonuses, back-end dealings, pump and dumps of any kind, or anything even closely resembling me taking money for some type of service. The only thing I expect want is for people to tune in and learn!

Whose this for?: Everyone! It doesn't matter if you're a beginner, or an advanced trader. It doesn't matter if you trade the Forex, Crypto, Bonds, Derivatives, or other. This material will be applicable to you. I focus primarily on the crypto markets.

A quick example, what will I learn?: Here's a quick overview of the lesson plan that I upload 3 videos a week for.
Lesson 1: The FundamentalsLesson 2: Accumulation and distributionLesson 3: TargetsLesson 4: Levels (Supports and Resistances)
Lesson 5: MomentumLesson 6: PatternsLesson 7: TrendsLesson 8: Time FramesLesson 9: Fibonacci ToolsLesson 10: Live Trade 1
ADVANCED LEVEL
Lesson 11: Targets AdvancedLesson 12: Trend Starts and FinishesLesson 13: ExhaustionLesson 14: Advanced Support and ResistanceLesson 15: Advanced Levels Gained vs LostLesson 16: Advanced Levels 2 Touch, Rejection, Wicks, and ClosesLesson 17: Live Trade 2Lesson 18: Catching and Releasing falling knivesLesson 19: Day Trading as a CareerLesson 20: Entries and ExitsLesson 21: Moving AveragesLesson 22: Advanced Trends Valleys and PeaksLesson 23: Mechanical TradingLesson 24: Live Trade 3Lesson 25: Putting It All Together
PROFESSIONAL
Lesson 26: Level StrengthLesson 27: Dissecting The PsychologyLesson 28: Camouflaged LevelsLesson 29: The Disciplined TraderLesson 30: Planning The Trade To Perfection

You can find me as listed below. The training course is hosted on YouTube.

🎓 Course Via YOUTUBE https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw
🎓 Trading View https://www.tradingview.comc0tt0nc4ndyTA/
🎓 Twitter https://twitter.com/c0tt0nc4ndyTA
🎓 Discord Community https://discord.gg/4e2SjZe

TLDR: I'm offering free training here https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw why? Because paying for materials is a scam.
submitted by c0tt0nc4ndyTA to BitcoinCA [link] [comments]

Free professional level day trading course (Videos hosted by myself / Crypto Markets) NOW AVAILABLE!

Hello everyone, I want to start by introducing myself.
Introduction: I'm c0tt0nc4ndyTA and I'm a day trader that's had great success in this field for many years. My path was to be an Architect; I spent 9 years in university studying computer sciences for the first 6 years, and then my masters in architecture for the remaining. During my studies I fell in love with day trading, and quickly let the student in me consume any book I could get my hands on while going on a shopping spree of online courses. For years I refined my talents and switched my career direction to day-trading. I focus mainly on Crypto Currencies as the ethos of Libertarianism aligns with my beliefs. This would consciously allow me to day-trade as a career.
My objective: I'm reaching out to communities to let them know I've started an online journey to train people for free. I want to take my years of knowledge and refinement to create a free course that give the new generation of traders a fighting chance at success, and the ability to learn the core mechanics of trading, which I believe function heavily in psychology and discipline.
Why Free?: I have a real problem with the training industry in it's current state. I've spent many thousands of dollars on my journey to becoming a professional. I've seen literally hundreds of courses, ads, websites, people on social media, or marketing spots trying to take advantage of people by offering something along the lines of this:
"I've taught thousands of people how to make millions of dollars and you can join my course for only $2,000" or " Want to be your own boss and make up to $2,500 a day? start here by taking my course and learning the best killer strategies for only $300.00 a month"
The amount of "pay to learn how to trade" material out there is staggering, and it has become the new way to angle shoot people for profits. Almost sort of a new age form of scamming. The funny part is most of these paid for courses or materials are a very poor form of trading, some rehash of fib levels, regurgitated strategies that simply don't work, or some form of "enter at C for insane mad easy guaranteed profits". It's pure crap, and there's not enough real training out there. In my time I have seen close friends, many acquaintances online and in person, and strangers fall into this trap of spending over $25,000.00 at times on these materials that simply don't work. They then lose money after spending absorbent amounts of money trying to learn to become a professional trader.
What do I expect?: Absolutely nothing. I do this to give people a fighting chance at learning institutional level trading. My content is 100% free, I devote a lot of my time every week to create a platform where people (beginners and advanced) can learn how to trade, and refine their skills. I upload three videos a week on youtube, I do live lessons in discord, I openly receive questions and feedback, and I post charts on trading view for people to get in on the same trades I'm already in on. I can't stress enough that this is free. There is no types of hidden memberships, paid bonuses, back-end dealings, pump and dumps of any kind, or anything even closely resembling me taking money for some type of service. The only thing I expect want is for people to tune in and learn!
Whose this for?: Everyone! It doesn't matter if you're a beginner, or an advanced trader. It doesn't matter if you trade the Forex, Crypto, Bonds, Derivatives, or other. This material will be applicable to you. I focus primarily on the crypto markets.
A quick example, what will I learn?: Here's a quick overview of the lesson plan that I upload 3 videos a week for.
Lesson 1: The Fundamentals https://youtu.be/juWeT6QaEXY Lesson 2: Accumulation and distribution https://youtu.be/0dKyr3iwMS4 Lesson 3: Levels (Supports and Resistances) https://youtu.be/qTwzlcPlATo Lesson 4: Targets https://youtu.be/f-LarFJmNwI Lesson 5: Momentum https://youtu.be/RfTeFLKMVtg Lesson 6: Patterns https://youtu.be/WBKglTKmg10 Lesson 7: Wedges https://youtu.be/Np4i8ICi-ow Lesson 8: Time Frames Lesson 9: Fibonacci Tools Lesson 10: Live Trade 1
ADVANCED LEVEL
Lesson 11: Targets Advanced Lesson 12: Trend Starts and Finishes Lesson 13: Exhaustion Lesson 14: Advanced Support and Resistance Lesson 15: Advanced Levels Gained vs Lost Lesson 16: Advanced Levels 2 Touch, Rejection, Wicks, and Closes Lesson 17: Live Trade 2 Lesson 18: Catching and Releasing falling knives Lesson 19: Day Trading as a Career Lesson 20: Entries and Exits Lesson 21: Moving Averages Lesson 22: Advanced Trends Valleys and Peaks Lesson 23: Mechanical Trading Lesson 24: Live Trade 3 Lesson 25: Putting It All Together
PROFESSIONAL
Lesson 26: Level Strength Lesson 27: Dissecting The Psychology Lesson 28: Camouflaged Levels Lesson 29: The Disciplined Trader Lesson 30: Planning The Trade To Perfection
You can find me as listed below. The training course is hosted on YouTube.
🎓 Course Via YOUTUBE https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw
🎓 Trading View https://www.tradingview.comc0tt0nc4ndyTA/
🎓 Twitter https://twitter.com/c0tt0nc4ndyTA
🎓 Discord Community https://discord.gg/4e2SjZe
TLDR: I'm offering free training here https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw why? Because paying for materials is a scam.
submitted by c0tt0nc4ndyTA to komodoplatform [link] [comments]

Free professional level trading course (Videos hosted by myself / Altcoin Markets)

Hello everyone, I want to start by introducing myself.

Introduction: I'm c0tt0nc4ndyTA and I'm a day trader that's had great success in this field for many years. My path was to be an Architect; I spent 9 years in university studying computer sciences for the first 6 years, and then my masters in architecture for the remaining. During my studies I fell in love with day trading, and quickly let the student in me consume any book I could get my hands on while going on a shopping spree of online courses. For years I refined my talents and switched my career direction to day-trading. I focus mainly on Crypto Currencies as the ethos of Libertarianism aligns with my beliefs. This would consciously allow me to day-trade as a career.

My objective: I'm reaching out to communities to let them know I've started an online journey to train people for free. I want to take my years of knowledge and refinement to create a free course that give the new generation of traders a fighting chance at success, and the ability to learn the core mechanics of trading, which I believe function heavily in psychology and discipline.

Why Free?: I have a real problem with the training industry in it's current state. I've spent many thousands of dollars on my journey to becoming a professional. I've seen literally hundreds of courses, ads, websites, people on social media, or marketing spots trying to take advantage of people by offering something along the lines of this:
"I've taught thousands of people how to make millions of dollars and you can join my course for only $2,000" or " Want to be your own boss and make up to $2,500 a day? start here by taking my course and learning the best killer strategies for only $300.00 a month"
The amount of "pay to learn how to trade" material out there is staggering, and it has become the new way to angle shoot people for profits. Almost sort of a new age form of scamming. The funny part is most of these paid for courses or materials are a very poor form of trading, some rehash of fib levels, regurgitated strategies that simply don't work, or some form of "enter at C for insane mad easy guaranteed profits". It's pure crap, and there's not enough real training out there. In my time I have seen close friends, many acquaintances online and in person, and strangers fall into this trap of spending over $25,000.00 at times on these materials that simply don't work. They then lose money after spending absorbent amounts of money trying to learn to become a professional trader.

What do I expect?: Absolutely nothing. I do this to give people a fighting chance at learning institutional level trading. My content is 100% free, I devote a lot of my time every week to create a platform where people (beginners and advanced) can learn how to trade, and refine their skills. I upload three videos a week on youtube, I do live lessons in discord, I openly receive questions and feedback, and I post charts on trading view for people to get in on the same trades I'm already in on. I can't stress enough that this is free. There is no types of hidden memberships, paid bonuses, back-end dealings, pump and dumps of any kind, or anything even closely resembling me taking money for some type of service. The only thing I expect want is for people to tune in and learn!

Whose this for?: Everyone! It doesn't matter if you're a beginner, or an advanced trader. It doesn't matter if you trade the Forex, Crypto, Bonds, Derivatives, or other. This material will be applicable to you. I focus primarily on the crypto markets.

A quick example, what will I learn?: Here's a quick overview of the lesson plan that I upload 3 videos a week for.
Lesson 1: The FundamentalsLesson 2: Accumulation and distributionLesson 3: TargetsLesson 4: Levels (Supports and Resistances)
Lesson 5: MomentumLesson 6: PatternsLesson 7: TrendsLesson 8: Time FramesLesson 9: Fibonacci ToolsLesson 10: Live Trade 1
ADVANCED LEVEL
Lesson 11: Targets AdvancedLesson 12: Trend Starts and FinishesLesson 13: ExhaustionLesson 14: Advanced Support and ResistanceLesson 15: Advanced Levels Gained vs LostLesson 16: Advanced Levels 2 Touch, Rejection, Wicks, and ClosesLesson 17: Live Trade 2Lesson 18: Catching and Releasing falling knivesLesson 19: Day Trading as a CareerLesson 20: Entries and ExitsLesson 21: Moving AveragesLesson 22: Advanced Trends Valleys and PeaksLesson 23: Mechanical TradingLesson 24: Live Trade 3Lesson 25: Putting It All Together
PROFESSIONAL
Lesson 26: Level StrengthLesson 27: Dissecting The PsychologyLesson 28: Camouflaged LevelsLesson 29: The Disciplined TraderLesson 30: Planning The Trade To Perfection


You can find me as listed below. The training course is hosted on YouTube.
🎓 Course Via YOUTUBE https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw
🎓 Trading View https://www.tradingview.comc0tt0nc4ndyTA/
🎓 Twitter https://twitter.com/c0tt0nc4ndyTA
🎓 Discord Community https://discord.gg/4e2SjZe
TLDR: I'm offering free training here https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw why? Because paying for materials is a scam.
submitted by c0tt0nc4ndyTA to TRXTrading [link] [comments]

Is Karatbit and Karatbars a scam?

On Tuesday 16th July, just a few weeks ago I was invited to attend a Karatbit, Karatbars/Karatbank presentation. The presentation was touting everything including a blockchain mobile phone. Someone had approached me over the weekend to investigate an investment, they had made with Karatbit/Karatbars. I attended the presentation with some research which, to be honest, was not that favourable to the company but nevertheless still went with an open mind.
KaratBank, a Singapore-based financial organization, has propelled another digital currency that it claims is bound to real physical gold. Is this a progressive thought – or a trick?
KaratBank, an organization located in Singapore, has quite recently declared the dispatch of KaratBank Coins (KBC), another digital currency it said is attached to gold. Be that as it may, not just the cost of gold, as different monetary forms — to real bits of gold: they're embedded in plastic cards or banknotes. In any event, that is the way it appears upon first sight.
KaratBank is a sister company of KaratBars International, located in Germany. KaratBars really sells gold in exceptionally small quantities (like 0.1g to 1g bullions), inserted into plastic cards (Karatbars) or money like notes (CashGold). The notes are famously overpriced: back when 1 gram of gold was $40, the 1g CashGold note cost $65.
As per KaratBank whitepaper, 10,000 KBC can be traded for 0.1g CashGold notes.
The initial coin offering kicked off earlier this year and proceeded until March 21, with the ICO starting March 22 (1 KBC = $0.05), Coin Telegraph reports.
Be that as it may, KaratBars International as an organization is emphatically connected with scams. A basic search for KaratBars on Google returns three connections with the word "scam" in them on the first page. KaratBars was prohibited in Canada in 2014 over an Autorité des marchés agents (AMF) with a Scam warning.
The Canadian government found that KaratBars executes some kind of multi-layered marketing (MLM), or "pyramid" scheme organisation that urged individuals to get new recruits and profit from their sales, promising a return of $15,000 to $136,000 every month.
In any case, Is KaratBank is a different story? All things considered, yes and no. Upon a more intensive look at the organization's whitepaper, one finds the following:
"United States of America citizens, residents (tax or otherwise) or green card holders, as well as residents of Canada, the People's Republic of China or the Republic of Singapore, are not qualified to partake in the KaratBank ICO."
As indicated by the Behind MLM site, the explanation behind this may lie in the way that those nations have actualized strict regulation on ICOs, and KaratBank does not have any desire to have anything to do with them.
"ICOs are not unlawful in the US or Canada. In the US, however, ICOs are ordinarily viewed as securities and require registration with the [Securities and Exchange Commission]," the site reads. "Singapore hasn't prohibited ICOs however it is one of the nations KaratBars International works in through the shell companies KaratPay and KaratBars Singapore. Singapore regulators closing those organizations down would cripple KaratBars International. The board most likely figure it's best not to take any risks."
To work lawfully in any purview, KaratBars International would need to register itself with the proper securities regulator in that jurisdiction, which the organization appears to need to abstain from, raising doubts.
From one's point of view what is disheartening is that blockchain is a great new technology and companies like this seem to mix their existing business with cryptocurrencies. Knowing full well that the general public does not really understand cryptocurrencies, let alone blockchain or Distributed Ledger Technology (DLT). As a blockchain consultant, one feels obligated to pose some questions anyone thinking of getting involved should be asking.
At the presentation, I heard the presenters say “ Karatbars is giving its members the opportunity to buy gold in small quantities. They also encourage you to save in gold instead of paper money. This can easily be done by buying as little as 0.1 gram of gold or 1 gram - 2.5 gram or 5 grams.”
They said members can keep their gold in Karatbars' vault or ask them to send it to you. Cash gold is the most popular form of buying gold as the gold is embedded in a banknote. 24kt gold 99.9% pure makes it easier for anyone to accumulate wealth.
Karatbars is also involved in cryptocurrency and got their own coins, namely KBC and KCB coins. I'm going to get very deep into this, but the main thing to remember is that they say, “these coins are increasing in value and that it is backed by gold”. whereas and another Cryptocurrency is backed by nothing.
As a self-proclaimed proponent of blockchain and a graduate of Digital Forensics, I feel obligated to say a few words about this presentation on Karatbit or at least as a conscious citizen of this global world of technology users. Blockchain is a magnificent emerging technology that can be harnessed to do so many things. But most importantly it is a technology that provides one single source of truth. If groups are using this single source of truth technology to spread untruths, someone concerned must come out to say something. Blockchain is a technology that can put everyone on an even playing field but it seems very few understand it. The individuals with even the fleeting basic understanding can influence the general public perception of cryptocurrencies. This leads me to ask a great quote from a book called Richest Man in Babylon …. “if you want advice on investing in expensive jewels, why would you go to a butcher?”
The following is what the masses are being manipulated to attach their hopes and dreams. It is that “a further drop in the value of Bitcoin and other cryptocurrencies has recently left investors nursing heavy losses. Many proponents are holding out for a new breakout “if their digital assets can go mainstream.”
The most important part of that statement is “if their digital assets can go mainstream”. This made me ask some questions about Karatbit and this is what I came up with.
Something is fishy!! Can someone clarify the following?
Claim 1: Gold mine worth $900 million provides security.
Can’t find any official source as proof.
Reference: https://www.youtube.com/watch?v=TyKQIckXyIU
Claim 2: Backed by a gold mine in Africa
Can’t find any official source as proof.
Reference: https://www.youtube.com/watch?v=d5Q3ZvR4b04
Claim 3: Audit report by MM Revisors for a gold mine in Madagascar
Can’t find proof that MM Revisors exists. Not sure if this report was published by Karatbars Int (can’t find it on their official website), but this is being circulated by some investors as if it were.
Reference: https://karatbars-me.webnode.es/\_files/200000070-01d6002d18/audit.pdf
Claim 4: Karatcoin Bank is a fully licensed crypto bank and is situated in Miami
Can’t find proof that they are registered as a licensed financial institute in Miami, Florida.
Can’t find Karatcoin Bank as a registered corporation, but found Karat Coin Corp.
Reference: http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults?inquiryType=EntityName&searchNameOrder=KARATBANK&searchTerm=Karatbank
Reference: https://www.youtube.com/watch?v=YXip2Fizz5U&t=152s
Claim 5: Not a pyramid scheme
Karatbit describes this as an affiliate program but clearly is a pyramid scheme at best, see links below;
Canada: https://www.newswire.ca/news-releases/karatbars-quebec-activities-covered-by-prohibition-orders-514201571.html
Namibia: https://economist.com.na/43874/extra/karatbars-international-is-a-scamsays-central-bank/
Netherlands: https://www.afm.nl/en/nieuws/2014/mei/waarschuwing-karatbars
Claim 6: 100KBC = 1g of Gold at $40 per gram (1 KBC = $0.40) (guaranteed)
Total supply = 12,000,000,000 KBC (can’t find figures of circulating, so using supply instead)
Total gold needed to cover buy back of all coins:
12,000,000,000 / 100 = 120 000 000g = 120 tons (South Africa as a whole produced 139.9 tons of Gold in 2017).
Total money needed to buy back all the coins:
120 000 000g x $40 = $4.8 Billion
Can’t find proof that they have 120 tons of gold in storage (or backed up by the mines as claimed) or that they are at least worth $4.8 Billion to buy the gold?
Taking a more conservative approach:
According to icobench.com, they raised $100 000 000 with their ICO from 60% of the total supply.
Let’s assume the 60% of 12,000,000,000 is in circulation. This equals to 7,200,000,000 KBC.
Total gold needed for the buyback of 7,200,000,000 KBC:
7,200,000,000 / 100 = 72 000 000g = 72 tons
Total money needed to buy back all coins:
72 000 000g x $40 = $2.88 Billion
Loss for buying back the KBC that were sold during the ICO:
$100,000,000 - $2,880,000,000 = - $2,780,000,000
A potential loss of $2,78 Billion!!! Or am I taking crazy pills?
Reference: https://www.youtube.com/watch?v=KgeHjhlMfn0
Reference: https://icobench.com/ico/karatgold-coin
Claim 7: This Forbes.com article gives credibility to the KBC coin
This article was written by a Contributor.
Reference: https://www.forbes.com/sites/joresablount/2019/05/31/10-blockchain-companies-to-watch-in-2019/#308b507e543f
There is no traditional editing of contributors’ copy, at least not prior to publishing. If a story gets hot or makes the homepage, a producer will “check it more carefully,” DVorkin said.
Reference: https://www.poynter.org/reporting-editing/2012/what-the-forbes-model-of-contributed-content-means-for-journalism/
“Blogging for Forbes requires being what is commonly referred to as a "self-starter."
So far, nobody has said, "Um, you can't do that," or, "Oh, my God, no!"
Reference: https://www.forbes.com/sites/susannahbreslin/2011/04/06/how-to-become-a-forbes-blogge#231bb9972862
“Warning over 'scammers paradise' as watchdog reveals victims lost £27m to bitcoin, cryptocurrency and forex frauds last year”
• Some 1,850 cases were reported to Action Fraud, a 250% increase on 2017-18
• Victims lost an average of £14,600 - with fewer than 1 in 20 getting money back
• Investors are often initially told they've made a profit
• They are then encouraged to put in more money - at which point the fraudsters run off with their cash
Potential victims have been warned over bogus online 'get rich quick' schemes as it emerged people lost more than £27million to cryptocurrency and foreign exchange scams last year.
Fraudsters promise high returns to those who invest, according to Action Fraud and the Financial Conduct Authority.
Victims lost an average of £14,600 in 2018-19 and stand little chance of getting their money back.
Reports of cryptocurrency and forex investment scams increased by nearly 250 per cent in 2017-18, from 530 to nearly 1,850.
The scams work by criminals promoting get-rich-quick online trading platforms through social media. Posts often use fake celebrity endorsements and images of luxury items like expensive watches and cars.
Beat the scammers:
These then link to professional-looking websites where consumers are persuaded to invest.
Often investors are led to believe their first investment has successfully returned a profit, and are then enticed to invest more money or introduce friends in return for greater profits.
But the returns stop, the customer account is closed, and the scammer disappears with no further contact.
'Anyone handing over their hard-earned cash should make sure they understand what they're getting into, they've checked it's a legitimate investment, and not rely on hype and excitement from friends or social media.
'Investing isn't a get-rich-quick scheme - and anything that uses fear of missing out or requires you to invest before thinking is best to be avoided.'
Those considering an investment to check the following for tips on how to avoid investment fraud at www.fca.org.uk/scamsmart.
Scammers can be very convincing so always do your own research into any firm you are considering investing with, to make sure that they are the real deal.
'It's vital that people carry out the necessary checks to ensure that an investment they're considering is legitimate.
UK consumers are being increasingly targeted by crypto asset-related investment scams.
Certain crypto assets, like Bitcoin and Ether (also known as cryptocurrencies), are not regulated in the UK. This means that buying, selling or transferring these crypto-assets falls outside FCA remit. The same is true for the operation of a cryptocurrency exchange.
However, some types of crypto-asset products may be or may involve regulated investments depending on their nature and how they are structured. For example, firms that sell regulated investments with an underlying crypto asset element may need to be authorised by the FCA to do so.
In recent months, the FCA claims it has received an increasing number of reports about crypto-asset investment scams. Some of them may involve regulated activities, others don’t, but all use similar tactics.
How crypto-asset investment scams work
Cryptoasset fraudsters tend to advertise on social media – often using the images of celebrities or well-known individuals to promote cryptocurrency investments. In this case, laughably they said KaratBit was endorsed by Barak Obama’s sister. Who is she and what does she know about cryptocurrencies and blockchain? The ads then link to professional-looking websites. Consumers are then persuaded to make investments with the firm using cryptocurrencies or traditional currencies.
The firms operating the scams are usually based outside the UK but will claim to have a UK presence, often a prestigious City of London address.
Scam firms can manipulate software to distort prices and investment returns. They may scam people into buying the non-existent crypto asset. They are also known to suddenly close consumers’ online accounts and refuse to transfer the funds to them or ask for more money before the funds can be transferred.
Action Fraud has also issued a warning on cryptocurrency scams.
How to protect yourself
Be wary of adverts online and on social media promising high returns on investments in a crypto asset or crypto asset-related products.
Most firms advertising and selling investments in crypto-assets are not authorised by the FCA. This means that if you invest in certain crypto assets you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong.
The FCA doesn’t regulate crypto assets like Bitcoin or Ether which are vastly the most recognized cryptocurrencies, let alone KBC, they do regulate certain crypto-asset derivatives (such as futures contracts, CFDs and options), as well as those crypto assets I would consider securities. A firm must be authorised by FCA to advertise or sell these products in the UK – check FCA Register to make sure the firm is authorised. You can also check the FCA Warning List of firms to avoid.
You should do further research on the product you are considering and the firm you are considering investing with. Check with Companies House to see if the firm is registered as a UK company and for directors' names. To see if others have posted any concerns, search online for the firm's name, directors' names and the product you are considering.
If you’ve already decided you want to invest in gold, this might not be a bad company to side with. But if you’re just looking for an opportunity to earn a sustainable income and become financially independent, there are better options out there.
submitted by fourfingaz to u/fourfingaz [link] [comments]

Free professional level day trading course (Videos hosted by myself / Crypto Markets) NOW AVAILABLE!

Hello everyone, I want to start by introducing myself.
Introduction: I'm c0tt0nc4ndyTA and I'm a day trader that's had great success in this field for many years. My path was to be an Architect; I spent 9 years in university studying computer sciences for the first 6 years, and then my masters in architecture for the remaining. During my studies I fell in love with day trading, and quickly let the student in me consume any book I could get my hands on while going on a shopping spree of online courses. For years I refined my talents and switched my career direction to day-trading. I focus mainly on Crypto Currencies as the ethos of Libertarianism aligns with my beliefs. This would consciously allow me to day-trade as a career.
My objective: I'm reaching out to communities to let them know I've started an online journey to train people for free. I want to take my years of knowledge and refinement to create a free course that give the new generation of traders a fighting chance at success, and the ability to learn the core mechanics of trading, which I believe function heavily in psychology and discipline.
Why Free?: I have a real problem with the training industry in it's current state. I've spent many thousands of dollars on my journey to becoming a professional. I've seen literally hundreds of courses, ads, websites, people on social media, or marketing spots trying to take advantage of people by offering something along the lines of this:
"I've taught thousands of people how to make millions of dollars and you can join my course for only $2,000" or " Want to be your own boss and make up to $2,500 a day? start here by taking my course and learning the best killer strategies for only $300.00 a month"
The amount of "pay to learn how to trade" material out there is staggering, and it has become the new way to angle shoot people for profits. Almost sort of a new age form of scamming. The funny part is most of these paid for courses or materials are a very poor form of trading, some rehash of fib levels, regurgitated strategies that simply don't work, or some form of "enter at C for insane mad easy guaranteed profits". It's pure crap, and there's not enough real training out there. In my time I have seen close friends, many acquaintances online and in person, and strangers fall into this trap of spending over $25,000.00 at times on these materials that simply don't work. They then lose money after spending absorbent amounts of money trying to learn to become a professional trader.
What do I expect?: Absolutely nothing. I do this to give people a fighting chance at learning institutional level trading. My content is 100% free, I devote a lot of my time every week to create a platform where people (beginners and advanced) can learn how to trade, and refine their skills. I upload three videos a week on youtube, I do live lessons in discord, I openly receive questions and feedback, and I post charts on trading view for people to get in on the same trades I'm already in on. I can't stress enough that this is free. There is no types of hidden memberships, paid bonuses, back-end dealings, pump and dumps of any kind, or anything even closely resembling me taking money for some type of service. The only thing I expect want is for people to tune in and learn!
Whose this for?: Everyone! It doesn't matter if you're a beginner, or an advanced trader. It doesn't matter if you trade the Forex, Crypto, Bonds, Derivatives, or other. This material will be applicable to you. I focus primarily on the crypto markets.
A quick example, what will I learn?: Here's a quick overview of the lesson plan that I upload 3 videos a week for.
Lesson 1: The Fundamentals https://youtu.be/juWeT6QaEXY Lesson 2: Accumulation and distribution https://youtu.be/0dKyr3iwMS4 Lesson 3: Levels (Supports and Resistances) https://youtu.be/qTwzlcPlATo Lesson 4: Targets https://youtu.be/f-LarFJmNwI Lesson 5: Momentum https://youtu.be/RfTeFLKMVtg Lesson 6: Patterns https://youtu.be/WBKglTKmg10 Lesson 7: Wedges https://youtu.be/Np4i8ICi-ow Lesson 8: Time Frames Lesson 9: Fibonacci Tools Lesson 10: Live Trade 1
ADVANCED LEVEL
Lesson 11: Targets Advanced Lesson 12: Trend Starts and Finishes Lesson 13: Exhaustion Lesson 14: Advanced Support and Resistance Lesson 15: Advanced Levels Gained vs Lost Lesson 16: Advanced Levels 2 Touch, Rejection, Wicks, and Closes Lesson 17: Live Trade 2 Lesson 18: Catching and Releasing falling knives Lesson 19: Day Trading as a Career Lesson 20: Entries and Exits Lesson 21: Moving Averages Lesson 22: Advanced Trends Valleys and Peaks Lesson 23: Mechanical Trading Lesson 24: Live Trade 3 Lesson 25: Putting It All Together
PROFESSIONAL
Lesson 26: Level Strength Lesson 27: Dissecting The Psychology Lesson 28: Camouflaged Levels Lesson 29: The Disciplined Trader Lesson 30: Planning The Trade To Perfection
You can find me as listed below. The training course is hosted on YouTube.
🎓 Course Via YOUTUBE https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw
🎓 Trading View https://www.tradingview.comc0tt0nc4ndyTA/
🎓 Twitter https://twitter.com/c0tt0nc4ndyTA
🎓 Discord Community https://discord.gg/4e2SjZe
TLDR: I'm offering free training here https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw why? Because paying for materials is a scam.
submitted by c0tt0nc4ndyTA to SingularityNet [link] [comments]

[Not my post] The Structure of Forex Brokers

Originally posted by Darkstar at Forex Factory.
Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading.
________________________________________________________________________________________________________
There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general. The purpose of this article is to dissect the market and hopefully shed some light on the situation so that a more rational and productive discussion can be undertaken by the Forex Factory members.
We will begin with an explanation of the purpose of the Forex market and how it is utilized by its primary participants, expand into the structure and operation of the market, and conclude with the implications of this information for speculators. With that having been said, let us begin.
Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion’s share of Forex transactions are done as a function of international business.
The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi’s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn’t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.
By and large, businesses don’t much care about the intricacies of exchange rates, they just want to make and sell their products. As a central repository of a company’s money, it was only natural that the banks would be the facilitators of these transactions. In the old days it was easy enough for a bank to call a foreign bank (or a foreign branch of ones own bank) and swap the stockpiles of currency each had accumulated from their many customers.
Just as any business would, the banks bought the foreign currency at one rate and marked it up before selling it to the customer. With that the foreign exchange spread was born. This was (and still is) a reasonable cost of doing business. Mitsubishi can pay its customers and the banks make a nice little profit for the hassle and risks associated with moving around the currency.
As a byproduct of transacting all this business, bank traders developed the ability to speculate on the future of currency rates. Utilizing a better understanding of the market, a bank could quote a business a spread on the current rate but hold off hedging until a better one came along. This process allowed the banks to expand their net income dramatically. The unfortunate consequence was that liquidity was redistributed in a way that made certain transactions impossible to complete.
It was for this reason and this reason alone that the market was eventually opened up to non-bank participants. The banks wanted more orders in the market so that a) they could profit from the less experienced participants, and b) the less experienced participants could provide a better liquidity distribution for execution of international business hedge orders. Initially only megacap hedge funds (such as Soros’s and others) were permitted, but it has since grown to include the retail brokerages and ECNs.

Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as the Interbank. Contrary to popular belief the Interbank is not an exchange; it is a collection of communication agreements between the world’s largest money center banks.
To understand the structure of the Interbank market, it may be easier to grasp by way of analogy. Consider that in an office (or maybe even someone’s home) there are multiple computers connected via a network cable. Each computer operates independently of the others until it needs a resource that another computer possesses. At that point it will contact the other computer and request access to the necessary resource. If the computer is working properly and its owner has given the requestor authorization to do so, the resource can be accessed and the initiating computers request can be fulfilled. By substituting computers for banks and resources for currency, you can easily grasp the relationships that exist on the Interbank.
Anyone who has ever tried to find resources on a computer network without a server can appreciate how difficult it can be to keep track of who has what resources. The same issue exists on the Interbank market with regard to prices and currency inventory. A bank in Singapore may only rarely transact business with a company that needs to exchange some Brazilian Real and it can be very difficult to establish what a proper exchange rate should be. It is for this purpose that EBS and Reuters (hereafter EBS) established their services.
Layered on top (in a manner of speaking) of the Interbank communication links, the EBS service enables banks to see how much and at what prices all the Interbank members are willing to transact. Pains should be taken to express that EBS is not a market or a market maker; it is an application used to see bids and offers from the various banks.
The second tier of the market exists essential within each bank. By calling your local Bank of America branch you can exchange any foreign currency you would like. More then likely they will just move some excess currency from one branch to another. Since this is a micro-exchange with a single counterparty, you are basically at their mercy as to what exchange rate they will quote you. Your choice is to accept their offer or shop a different bank. Everyone who trades the forex market should visit their bank at least once to get a few quotes. It would be very enlightening to see how lucrative these transactions really are.
Branching off of this second tier is the third tier retail market. When brokers like Oanda, Forex.com, FXCM, etc. desire to establish a retail operation the first thing they need is a liquidity provider. Nine in ten of these brokers will sign an agreement with just one bank. This bank will agree to provide liquidity if and only if they can hedge it on EBS inclusive of their desired spread. Because the volume will be significantly higher a single bank patron will transact, the spreads will be much more competitive. By no means should it be expected these tier 3 providers will be quoted precisely what exists on the Interbank. Remember the bank is in the business of collecting spreads and no agreement is going to suspend that priority.
Retail forex is almost akin to running a casino. The majority of its participants have zero understanding how to trade effectively and as a result are consistent losers. The spread system combined with a standard probability distribution of returns gives the broker a built in house advantage of a few percentage points. As a result, they have all built internal order matching systems that play one loser off against a winner and collect the spread. On the occasions when disequilibrium exists within the internal order book, the broker hedges any exposure with their tier 2 liquidity provider.
As bad as this may sound, there are some significant advantages for speculators that deal with them. Because it is an internal order book, many features can be provided which are otherwise unavailable through other means. Non-standard contract sizes, high leverage on tiny account balances, and the ability to transact in a commission free environment are just a few of them…
An ECN operates similar to a Tier 2 bank, but still exists on the third tier. An ECN will generally establish agreements with several tier 2 banks for liquidity. However instead of matching orders internally, it will just pass through the quotes from the banks, as is, to be traded on. It’s sort of an EBS for little guys. There are many advantages to the model, but it is still not the Interbank. The banks are going to make their spread or their not go to waste their time. Depending on the bank this will take the form of price shading or widened spreads depending on market conditions. The ECN, for its trouble, collects a commission on each transaction.
Aside from the commission factor, there are some other disadvantages a speculator should consider before making the leap to an ECN. Most offer much lower leverage and only allow full lot transactions. During certain market conditions, the banks may also pull their liquidity leaving traders without an opportunity to enter or exit positions at their desired price.

Trade Mechanics:
It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.
As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no “market makers” on the Interbank; only speculators and hedgers.
Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:
You’ll notice that there is open interest (Level II Vol figures) of various sizes at different price points. Each one of those units represents existing limit orders and in this example, each unit is $1mil in currency.
Using this information, if a market sell order was placed for 38.4mil, the spread would instantly widen from 2.5 pips to 4.5 pips because there would no longer be any orders between 1.56300 and 1.56345. No broker, market maker, bank, or thief in the night widened the spread; it was the natural byproduct of the order that was placed. If no additional orders entered the market, the spread would remain this large forever. Fortunately, someone somewhere will deem a price point between those 2 figures an appropriate opportunity to do something and place an order. That order will either consume more interest or add to it, depending whether it is a market or limit order respectively.
What would have happened if someone placed a market sell order for 2mil just 1 millisecond after that 38.4 mil order hit? They would have been filled at 1.5630 Why were they “slipped”? Because there was no one to take the other side of the transaction at 1.56320 any longer. Again, nobody was out screwing the trader; it was the natural byproduct of the order flow.
A more interesting question is, what would happen if all the listed orders where suddenly canceled? The spread would widen to a point at which there were existing bids and offers. That may be 5,7,9, or even 100 pips; it is going to widen to whatever the difference between a bid and an offer are. Notice that nobody came in and “set” the spread, they just refused to transact at anything between it.
Nothing can be done to force orders into existence that don’t exist. Regardless what market is being examined or what broker is facilitating transactions, it is impossible to avoid spreads and slippage. They are a fact of life in the realm of trading.

Implications for speculators:
Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader B’s mistake. Even in a huge market like the Forex, each transaction must have a buyer and a seller to make a trade and one of them is going to lose. In the general realm of trading, this is materially irrelevant to each participant. But there are certain situations where it becomes of significant importance. One of those situations is a news event.
Much has been made of late about how it is immoral, illegal, or downright evil for a broker, bank, or other liquidity provider to withdraw their order (increasing the spread) and slip orders (as though it was a conscious decision on their part to do so) more then normal during these events. These things occur for very specific reasons which have nothing to do with screwing anyone. Let us examine why:
Leading up to an economic report for example, certain traders will enter into positions expecting the news to go a certain way. As the event becomes immanent, the banks on the Interbank will remove their speculative orders for fear of taking unnecessary losses. Technical traders will pull their orders as well since it is common practice for them to avoid the news. Hedge funds and other macro traders are either already positioned or waiting until after the news hits to make decisions dependent on the result.
Knowing what we now know, where is the liquidity necessary to maintain a tight spread coming from?
Moving down the food chain to Tier 2; a bank will only provide liquidity to an ECN or retail broker if they can instantly hedge (plus their requisite spread) the positions on Interbank. If the Interbank spreads are widening due to lower liquidity, the bank is going to have to widen the spreads on the downstream players as well.
At tier 3 the ECN’s are simply passing the banks offers on, so spreads widen up to their customers. The retailers that guarantee spreads of 2 to 5 pips have just opened a gaping hole in their risk profile since they can no longer hedge their net exposure (ever wonder why they always seem to shut down or requote until its over?). The variable spread retailers in turn open up their spreads to match what is happening at the bank or they run into the same problems fixed spreads broker are dealing with.
Now think about this situation for a second. What is going to happen when a number misses expectations? How many traders going into the event with positions chose wrong and need to get out ASAP? How many hedge funds are going to instantly drop their macro orders? How many retail traders’ straddle orders just executed? How many of them were waiting to hear a miss and executed market orders?
With the technical traders on the sidelines, who is going to be stupid enough to take the other side of all these orders?
The answer is no one. Between 1 and 5 seconds after the news hits it is a purely a 1 way market. That big long pin bar that occurs is a grand total of 2 prices; the one before the news hit and the one after. The 10, 20, or 30 pips between them is called a gap.
Is it any wonder that slippage is in evidence at this time?

Conclusions:
Each tier of the Forex market has its own inherent advantages and disadvantages. Depending on your priorities you have to make a choice between what restrictions you can live with and those you cant. Unfortunately, you can’t always get what you want.
By focusing on slippage and spreads, which are the natural byproduct of order flow, one is not only pursuing a futile ideal, they are passing up an enormous opportunity to capitalize on true inefficiencies. News events are one of the few times where a large number of players are positioned inappropriately and it is fairly easy to profit from their foolishness. If a trader truly wants to make the leap to the next level of profitability they should be spending their time figuring out how identify these positions and trading with the goal of capturing the price movement they inevitably will cause.
Nobody is going to make the argument that a broker is a trader’s best friend, but they still provide a valuable service and should be compensated for their efforts. By accepting a broker for what it is and learning how to work within the limitations of the relationship, traders have access to a world of opportunity that they otherwise could never dream of capturing. Let us all remember that simple truth.
submitted by Cross_Game to Forex [link] [comments]

10 Blockchain Companies To Watch In Asia

10 Blockchain Companies To Watch In Asia

https://preview.redd.it/bjix9mvdw2m31.png?width=864&format=png&auto=webp&s=0c7b463f7bcf30dfe1bff31aa70b33ca6e002e8f
Article by Forbes: Joresa Blount
In 2018, Asia was one of the leading regions in terms of growth of blockchain jobs, cryptocurrency usage, innovation, and general openness. Despite some early woes with China banning ICOs, China still produces nearly 70% of crypto mining activity.
For users and entrepreneurs, the Asian ecosystem is in general a friendly one. For example, in Singapore Bitcoin is taxed as a good rather than a currency, setting a 7% flat tax for trades or purchases using Bitcoin. In Japan, messenger giant, LINE, was just granted a crypto exchange license from the Japanese financial regulator. In Korea, news just broke that the country’s largest entertainment company would be launching its own token.
Besides the name brand companies that are exploring crypto solutions, there are hundreds of innovative startups and founders looking to radically disrupt their respective industries with blockchain technology. This list contains ten innovative blockchain startups based in Asia worth watching, including exchanges, fintech startups, and more.
Today In: Innovation
1. Level01
Level01 is the world’s first broker less derivatives exchange in collaboration with Thomson Reuters. Through using blockchain technology, the platform eliminates middlemen while providing a decentralized trading experience. Users can trade derivatives and options in forex, cryptocurrencies, commodities, stocks and indices, all from the Level01 platform and app.
Level01 does this by using Distributed Ledger Technology (DLT) for transparent and automated trade settlement on the blockchain, with their unique Artificial Intelligence (AI) analytics called Fairsense that provides fair value pricing dynamically to counterparties in a trade, based on current and retrospective market data from Thomson Reuters. The platform and app are currently undergoing stringent beta testing by 50 experienced traders.
2. Galaxy Pool
Galaxy Pool, also known as GPO, is a brand-new asset issuance style on blockchain that utilizes intelligent contracts for initial digital asset issuance. In general, GPO assets can be best described as mining machines used to explore various kinds of digital assets that can obtain value-added benefits of GPO through the repurchase and destruction of pond profits.
With this brand-new asset issuance style on blockchain, more humanistic investment opportunities with free withdrawal rights can be provided to investors.
3. Biki
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 220 trading pairs. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 1.5 million registered users, 130,000 daily active users, over 2000 community partners and 200,000 community members in under a year.
BiKi’s competitive advantages include helping projects with marketing, influencers, brand awareness, and community growth in the Chinese markets and abroad. With a global approach, BiKi also helps Chinese companies go global and international companies penetrate Chinese markets.
4. Whitebit
With a global team of over 100 people, Whitebit is a professional digital asset trading platform that services most major Asian markets via a European license. The exchange holds 95% of user funds in cold wallets and offers users an intuitive user interface with real-time orderbooks, charting and technical analysis tools, and automation features. Whitebit’s major competitive advantage is processing speeds of up to 10,000 trades every second and 1,000,000 TCP connections.
Whitebit has also announced the release of S.M.A.R.T. Box, a program that allows users to budget and allocate funds based on unique plans with varying durations and interest rates. Next is the launch of margin trading in Q4 2020, as well as mobile iOS and Android apps and an eventual US license.
5. Opu Labs
Opu Labs is creating the self-care business model of the future starting with the skincare space. There are over 1.2 billion online skincare consumers with a $3 billion digital services business. Opu Labs helps make the decision-making process easier by offering free advice powered by AI, rewarding users for their purchase data using blockchain technology, and using robust technologies to connect brands and consumers.
Under the leadership of CEO Marc Bookman, Opu Labs was named in the top 25 healthcare solutions by CIO Applications and won the start-up GrandSlam in Singapore. To date, $2m in rewards have been earned on the platform and the company will be releasing their long-awaited apps soon.
6. Coinsbit.io
Thanks to his vast expertise, experience, and sense of the market, Nikolay Udianskyi created a high-quality crypto exchange called Coinsbit.io. Now leading the Asian crypto market, Coinsbit was named the best 2018 crypto exchange at Asian Blockchain Life 2019.
Coinsbit is planning to further distinguish itself from the competition through a series of novel functions. Among its plans is a P2P microfinancing lending service that will enable users to borrow and lend money on the platform. Coinsbit will ensure privacy for all users and will not require borrowers to show their credit history. An additional planned feature is an invest box service, which will reward users who deposit cryptocurrency by paying them interest on various coins.
7. GST Coin
GST is a comprehensive digital application platform which integrates encrypted payment currency, blockchain and artificial intelligence technology. It is dedicated to providing the most valuable intelligent digital asset service for every user and creating a new GST digital public chain in a diversified market structure. GST project is committed to using the most advanced technology to create the most perfect user experience, and it has always been in the forefront of the market in the decentralized security sharing architecture.
GST was born out of MHC Asset Management Corporation, a high-tech enterprise engaged in R&D and innovation of blockchain technology. Their executive team includes CEO Ms. Zhang Qun and other leading technologists and entrepreneurs in China.
8. Columbu
Columbu (CAT) is a global community-based open-source blockchain project that has been active since 2017. Under CTO David Su, CAT’s main focus is building a high-performance DAPP development platform and community encouraging and autonomous system based on software and hardware combined GCloud Everest computing platform. This is the world’s first public blockchain (distributed cloud) using CUDA and blockchain technology.
The project will allow for a worldwide distributed and free economic collaborative network of intelligent economies. This will happen through a community incentive mechanism and autonomous system to build in real-time. The project has an ambitious roadmap that will include growing its global developer community and other projects within their ecosystem.
9. KBC
Registered in Singapore, KBC is the powering token of a global financial infrastructure and range of products focused around gold. These products include an innovative Voice-over-Blockchain smartphone called IMpulse K1, a crypto payment merchant processor called K-Merchant, and a cryptocurrency exchange and trading platform. Together these products and entities combine to form the Gold Imperium, the company’s financial ecosystem.
The company has attracted heavy interest from users who have seen the benefits of having both gold and cryptocurrency exposure, as well as the ease of use of being able to use each day to day through tokens such as KBC. As both markets expand, keep an eye on KBC.
10. TEXCENT
TEXCENT is a Singaporean blockchain and fintech startup focused on fully-integrated solutions for remittance, payments, and microfinancing. Using blockchain technology, the company wants to provide seamless and convenient digital financial services solutions to Asia and the world. TEXCENT is currently focusing on the Philippines, Vietnam, Thailand as these markets will grow exponentially in the next 5 years.
Their current products include PAYCENT, an app and hybrid wallet, as well as TEXCENT, a remittance solution with zero fees. TEXCENT has already acquired a remittance license from the Monetary Authority of Singapore (MAS) and is in the process of getting similar licenses for UK, Malaysia and Hong Kong in the coming months. The company is also a member of the Singapore Fintech Association.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Free professional level day trading course (Videos hosted by myself / Crypto Markets) NOW AVAILABLE!

Hello everyone, I want to start by introducing myself.
Introduction: I'm c0tt0nc4ndyTA and I'm a day trader that's had great success in this field for many years. My path was to be an Architect; I spent 9 years in university studying computer sciences for the first 6 years, and then my masters in architecture for the remaining. During my studies I fell in love with day trading, and quickly let the student in me consume any book I could get my hands on while going on a shopping spree of online courses. For years I refined my talents and switched my career direction to day-trading. I focus mainly on Crypto Currencies as the ethos of Libertarianism aligns with my beliefs. This would consciously allow me to day-trade as a career.
My objective: I'm reaching out to communities to let them know I've started an online journey to train people for free. I want to take my years of knowledge and refinement to create a free course that give the new generation of traders a fighting chance at success, and the ability to learn the core mechanics of trading, which I believe function heavily in psychology and discipline.
Why Free?: I have a real problem with the training industry in it's current state. I've spent many thousands of dollars on my journey to becoming a professional. I've seen literally hundreds of courses, ads, websites, people on social media, or marketing spots trying to take advantage of people by offering something along the lines of this:
"I've taught thousands of people how to make millions of dollars and you can join my course for only $2,000" or " Want to be your own boss and make up to $2,500 a day? start here by taking my course and learning the best killer strategies for only $300.00 a month"
The amount of "pay to learn how to trade" material out there is staggering, and it has become the new way to angle shoot people for profits. Almost sort of a new age form of scamming. The funny part is most of these paid for courses or materials are a very poor form of trading, some rehash of fib levels, regurgitated strategies that simply don't work, or some form of "enter at C for insane mad easy guaranteed profits". It's pure crap, and there's not enough real training out there. In my time I have seen close friends, many acquaintances online and in person, and strangers fall into this trap of spending over $25,000.00 at times on these materials that simply don't work. They then lose money after spending absorbent amounts of money trying to learn to become a professional trader.
What do I expect?: Absolutely nothing. I do this to give people a fighting chance at learning institutional level trading. My content is 100% free, I devote a lot of my time every week to create a platform where people (beginners and advanced) can learn how to trade, and refine their skills. I upload three videos a week on youtube, I do live lessons in discord, I openly receive questions and feedback, and I post charts on trading view for people to get in on the same trades I'm already in on. I can't stress enough that this is free. There is no types of hidden memberships, paid bonuses, back-end dealings, pump and dumps of any kind, or anything even closely resembling me taking money for some type of service. The only thing I expect want is for people to tune in and learn!
Whose this for?: Everyone! It doesn't matter if you're a beginner, or an advanced trader. It doesn't matter if you trade the Forex, Crypto, Bonds, Derivatives, or other. This material will be applicable to you. I focus primarily on the crypto markets.
A quick example, what will I learn?: Here's a quick overview of the lesson plan that I upload 3 videos a week for.
Lesson 1: The Fundamentals https://youtu.be/juWeT6QaEXY Lesson 2: Accumulation and distribution https://youtu.be/0dKyr3iwMS4 Lesson 3: Levels (Supports and Resistances) https://youtu.be/qTwzlcPlATo Lesson 4: Targets https://youtu.be/f-LarFJmNwI Lesson 5: Momentum https://youtu.be/RfTeFLKMVtg Lesson 6: Patterns https://youtu.be/WBKglTKmg10 Lesson 7: Wedges https://youtu.be/Np4i8ICi-ow Lesson 8: Time Frames Lesson 9: Fibonacci Tools Lesson 10: Live Trade 1
ADVANCED LEVEL
Lesson 11: Targets Advanced Lesson 12: Trend Starts and Finishes Lesson 13: Exhaustion Lesson 14: Advanced Support and Resistance Lesson 15: Advanced Levels Gained vs Lost Lesson 16: Advanced Levels 2 Touch, Rejection, Wicks, and Closes Lesson 17: Live Trade 2 Lesson 18: Catching and Releasing falling knives Lesson 19: Day Trading as a Career Lesson 20: Entries and Exits Lesson 21: Moving Averages Lesson 22: Advanced Trends Valleys and Peaks Lesson 23: Mechanical Trading Lesson 24: Live Trade 3 Lesson 25: Putting It All Together
PROFESSIONAL
Lesson 26: Level Strength Lesson 27: Dissecting The Psychology Lesson 28: Camouflaged Levels Lesson 29: The Disciplined Trader Lesson 30: Planning The Trade To Perfection
You can find me as listed below. The training course is hosted on YouTube.
🎓 Course Via YOUTUBE https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw
🎓 Trading View https://www.tradingview.comc0tt0nc4ndyTA/
🎓 Twitter https://twitter.com/c0tt0nc4ndyTA
🎓 Discord Community https://discord.gg/4e2SjZe
TLDR: I'm offering free training here https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw why? Because paying for materials is a scam.
submitted by c0tt0nc4ndyTA to BNBTrader [link] [comments]

Free professional level day trading course (Videos hosted by myself / Crypto Markets) NOW AVAILABLE!

Hello everyone, I want to start by introducing myself.
Introduction: I'm c0tt0nc4ndyTA and I'm a day trader that's had great success in this field for many years. My path was to be an Architect; I spent 9 years in university studying computer sciences for the first 6 years, and then my masters in architecture for the remaining. During my studies I fell in love with day trading, and quickly let the student in me consume any book I could get my hands on while going on a shopping spree of online courses. For years I refined my talents and switched my career direction to day-trading. I focus mainly on Crypto Currencies as the ethos of Libertarianism aligns with my beliefs. This would consciously allow me to day-trade as a career.
My objective: I'm reaching out to communities to let them know I've started an online journey to train people for free. I want to take my years of knowledge and refinement to create a free course that give the new generation of traders a fighting chance at success, and the ability to learn the core mechanics of trading, which I believe function heavily in psychology and discipline.
Why Free?: I have a real problem with the training industry in it's current state. I've spent many thousands of dollars on my journey to becoming a professional. I've seen literally hundreds of courses, ads, websites, people on social media, or marketing spots trying to take advantage of people by offering something along the lines of this:
"I've taught thousands of people how to make millions of dollars and you can join my course for only $2,000" or " Want to be your own boss and make up to $2,500 a day? start here by taking my course and learning the best killer strategies for only $300.00 a month"
The amount of "pay to learn how to trade" material out there is staggering, and it has become the new way to angle shoot people for profits. Almost sort of a new age form of scamming. The funny part is most of these paid for courses or materials are a very poor form of trading, some rehash of fib levels, regurgitated strategies that simply don't work, or some form of "enter at C for insane mad easy guaranteed profits". It's pure crap, and there's not enough real training out there. In my time I have seen close friends, many acquaintances online and in person, and strangers fall into this trap of spending over $25,000.00 at times on these materials that simply don't work. They then lose money after spending absorbent amounts of money trying to learn to become a professional trader.
What do I expect?: Absolutely nothing. I do this to give people a fighting chance at learning institutional level trading. My content is 100% free, I devote a lot of my time every week to create a platform where people (beginners and advanced) can learn how to trade, and refine their skills. I upload three videos a week on youtube, I do live lessons in discord, I openly receive questions and feedback, and I post charts on trading view for people to get in on the same trades I'm already in on. I can't stress enough that this is free. There is no types of hidden memberships, paid bonuses, back-end dealings, pump and dumps of any kind, or anything even closely resembling me taking money for some type of service. The only thing I expect want is for people to tune in and learn!
Whose this for?: Everyone! It doesn't matter if you're a beginner, or an advanced trader. It doesn't matter if you trade the Forex, Crypto, Bonds, Derivatives, or other. This material will be applicable to you. I focus primarily on the crypto markets.
A quick example, what will I learn?: Here's a quick overview of the lesson plan that I upload 3 videos a week for.
Lesson 1: The Fundamentals https://youtu.be/juWeT6QaEXY Lesson 2: Accumulation and distribution https://youtu.be/0dKyr3iwMS4 Lesson 3: Levels (Supports and Resistances) https://youtu.be/qTwzlcPlATo Lesson 4: Targets https://youtu.be/f-LarFJmNwI Lesson 5: Momentum https://youtu.be/RfTeFLKMVtg Lesson 6: Patterns https://youtu.be/WBKglTKmg10 Lesson 7: Wedges https://youtu.be/Np4i8ICi-ow Lesson 8: Time Frames Lesson 9: Fibonacci Tools Lesson 10: Live Trade 1
ADVANCED LEVEL
Lesson 11: Targets Advanced Lesson 12: Trend Starts and Finishes Lesson 13: Exhaustion Lesson 14: Advanced Support and Resistance Lesson 15: Advanced Levels Gained vs Lost Lesson 16: Advanced Levels 2 Touch, Rejection, Wicks, and Closes Lesson 17: Live Trade 2 Lesson 18: Catching and Releasing falling knives Lesson 19: Day Trading as a Career Lesson 20: Entries and Exits Lesson 21: Moving Averages Lesson 22: Advanced Trends Valleys and Peaks Lesson 23: Mechanical Trading Lesson 24: Live Trade 3 Lesson 25: Putting It All Together
PROFESSIONAL
Lesson 26: Level Strength Lesson 27: Dissecting The Psychology Lesson 28: Camouflaged Levels Lesson 29: The Disciplined Trader Lesson 30: Planning The Trade To Perfection
You can find me as listed below. The training course is hosted on YouTube.
🎓 Course Via YOUTUBE https://www.youtube.com/c/c0tt0nc4ndyTA
🎓 Trading View https://www.tradingview.comc0tt0nc4ndyTA/
🎓 Twitter https://twitter.com/c0tt0nc4ndyTA
🎓 Discord Community https://discord.gg/4e2SjZe
TLDR: I'm offering free training here https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw why? Because paying for materials is a scam.
submitted by c0tt0nc4ndyTA to SingularDTV [link] [comments]

How to Trade Accumulation and Distribution Part 2: Advanced Techniques. Stocks, Forex, Crypto Accumulation & Distribution Structures Identifying Accumulation and Distribution By the Market ... Secrets of Accumulation and Distributions  with English ...

Accumulation/Distribution Technical Indicator wird durch die Änderungen im Preis und Volumen bestimmt. Das Volumen agiert als gewichteter... Monitor General Money Flow - The A/D line can be used as a gauge for the general flow of money.An A/D line's move higher is a signal that buying pressure is starting to prevail. On the flip side ... Accumulation/distribution is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally "accumulating," or buying ... The Accumulation / Distribution Line is an indicator which was essentially designed to measure underlying supply and demand. It accomplishes this by trying to determine whether traders are actually accumulating (buying) or distributing (selling). This is accomplished by plotting a running total of each period’s Money Flow Volume. ADL can reveal divergences between volume flow and actual ... The Forex accumulation distribution indicator, however, displays divergence — rising while the price is falling. This bullish divergence may give us a tip-off that we might see the price turn upward. Which is, indeed, what happens over the course of the next few weeks on the chart (see above). Using Other Tools to Improve Accumulation Distribution Indicator Trading . No indicator is correct ... Accumulation/Distribution Line Erklärung - Technische AnalyseDie von Marc Chaikin entwickelte „Accumulation/Distribution Line (A/D-Line)“, auch als... With forex, due to the fact that trading is not centralized, the volume variable can be different from one broker to another and therefore, traders can notice subtle differences in the way the Accumulation Distribution line is plotted.

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How to Trade Accumulation and Distribution Part 2: Advanced Techniques. Stocks, Forex, Crypto

Mr. Kishore Kumar will be discussing about the Secrets of Accumulation and Distributions Training Classes on 💹 Stock / Commodity / Forex Trading 📙 Online Cla... http://mindfulsharetrader.com. In this stock market training tutorial we take a look at Accumulation and Distribution and how this is disguised by the profes... Going over advanced techniques to use when trading my Accumulation Distribution setups. This includes a volume profile technique, quadrant technique, and a few additional setups. Accumulation Distribution Indicator for Accurate Trend Trading - Duration: 8 ... Find The Best Forex Trading Setups Daily Part 1 of 2 - Duration: 34:34. Adam Khoo 225,767 views. 34:34 . How to ...

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