Advanced Package

25 Rules of trading discipline

Trading the forex markets takes hard work, discipline, a plan and the right personality to be profitable.  You will be tested consistently and this will require a psychological mindset, which allows you to make the right decision when the going gets tough.

The success that a trader achieves in the markets is directly correlated to one’s trading discipline or lack thereof. Trading discipline is 90 percent of the game. The formula is very simple:Trade with discipline and you will succeed; trade without discipline and you will fail. In this Ebook you will get essential tips to how to maintain consistent trading discipline and make it part of your trading routine.

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How to overcome fear and greed in Forex trading

Controlling our emotions during our trading is perhaps the toughest obstacle we face in making our goals a reality. Every single time a candle on the charts moves up or down, we can be easily tempted to click the buy or sell button on a whim, without any real reason to be entering at all! In the early stages of  trading education,  remember reading that candlesticks and trend on a price chart are nothing more than simply a representation of people’s emotions when they buy and sell. Understanding this crucial tenets will help you master trader's most destructive emotions - Fear and Greed.

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Four trading fears and how to overcome them

As a market timer, you must move from a fearful mindset to a mental state of confidence. You have to believe in your ability to
execute every trade, regardless of the current market sentiment (which is often at odds with the trade). Knowing that the timing strategy you are following will be profitable over time builds the confidence needed to take all of the trades. It also makes it easier to continue to execute new trades after a string of small losing ones.

Overcoming trading fears and developing a healthy, consistent trading mindset is absolutely necessary for overall profitability of your forex experience. This Ebook serves the purpose of introducing major tips which will help you develop a mindset where where fears will be eliminated to maximum degree possible.

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10 Steps to Building a Winning Trading Plan

To be successful in trading controlling your losses is even more important than hitting more winners than losers. A good trading plan is crucial to your success as a trader.

Face it - without a plan and a rules-based approach to trading, you are simply trading by the skin of your teeth. It may seem to work for a while, but self-doubt and/or greed will ultimately get in the way of being consistently successful. The good news is, it’s fairly easy to create. Steps outlined in this Ebook will help you to master crucial skill each trader should have to be good at having a systematic approach to  trading process.

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9 tips to improve your trading risk management

Risk management usually ranks very low on the priorities list of most traders. Typically, way behind finding a better indicator, more accurate entry signals or worrying about stop hunting and unfair algo-trading practices. However, without proper knowledge about risk management, profitable trading is impossible.

A trader needs to understand how to manage his risk, size his positions, create a positive outlook for his performance, and set his orders correctly, if he wants to become a profitable and professional trader.

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How to use Fibonacci Analysis to make money on the market

Every technical trader heard of the Fibonacci numbers. In a way, it is impossible not to. The most famous trading theories use these ratios.Before the personal computer (PC), technical traders tracked the movement of a security on a piece of paper. Even then, the Fibonacci levels played an important role.

Today, any trading platform offers a special Fibonacci tool. There are multiple, separate Fibonacci tools to use, like Fibonacci retracement, expansion, arcs, fan, time zones, and so on. In this eBook you will find step-by step guide to how to use maximize your trading profitability with Fibonacci tools and make them an important part of your everyday trading.

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Fibonacci Retracements

Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%.
After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback.

Fibonacci Retracements can also be applied after a decline to forecast the length of a counter-trend bounce. These retracements can be combined with other indicators and price patterns to create an overall strategy.

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Key Guidelines For Applying Elliot Wave Theory

As you may have guessed, the key in using the Elliott Wave Theory in trading is all about being able to correctly identify waves. By developing the right eye in recognizing what wave the market is in, you will be able to find out which side of the market to trade on, long or short.

There are SIX cardinal “cannot-be-broken” guidelines in labeling waves. So, before you jump right into applying the Elliott Wave Theory to your trading, you must take note of the rules outlined in this ebook

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Practical Elliot Wave Trading Strategies

Elliott Wave Theory (EWT) occupies an odd position in market lore, with adherents taking years to master its secrets and skeptical observers dismissing it as voodoo, favoring a more traditional approach to price prediction.

Luckily, we don’t need to join a secret society or spend a decade memorizing a thousand rules and exceptions to take advantage of Elliot Wave's great power. In fact, we can apply easily understood principles to build working Elliot Wave trading  strategies.

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How to predict market's top and bottoms using Elliot wave principle

Elliott wave predictions, offer a big picture view of the overall price action in the market which is simply impossible in any other trading system.Using Elliott wave forecasts in your trading, does not mean you will suddenly gain supernatural powers!BUT:Using Elliott wave forecasts does mean that you will lose small and you will win more frequently!

When using Elliott Wave forecast’s in your trading, You form a picture of what the price action is doing in multiple degrees of trend. Understanding logic behind Elliot Wave patterns can greatly assist you in determining market's tops and, foreshadow reversals and identify potential entry and exit points.

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Basic Concepts and Guiding Principles of Elliot Wave Theory

Since the Elliott Wave Principle was discovered by its founder, R.N. Elliott in the 1930's it has gained wide acceptance as a legitimate market analysis and forecasting tool. The Elliott Wave Principle is a detailed description of how groups of people behave. It shows that mass psychology swings from pessimism to optimism, and back again, in a natural sequence, creating specific measurable patterns.

One of the most obvious places to see this phenomenon in action is in the financial markets, where changing investor psychology is recorded in the form of price movement. Using stock market data as his main research tool, R. N. Elliott isolated eleven patterns
of movement, or "waves," that recur in market price data. Since then, Elliot Waves principles have gained enormous popularity among traders and are constantly employed by chartists. Understanding the concepts behind the theory might be confusing at first and the learning curve may be steep, even for those who consider themselves to be experienced technical analysts. In this eBook we will try to debunk common misconceptions surrounding this highly practical and efficient study and give you practical, methodological examples of how this technique can be applied when dealing with any type of market, be it Forex, Stock, Commodity or Cryptocurrency.

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Stochastic Oscillator

Developed by George C. Lane in the late 1950s, the Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods.

The Stochastic Oscillator “doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.” As such, bullish and bearish divergences in the Stochastic Oscillator can be used to foreshadow reversals. This Ebook will teach you how:

To interpret the readings of Stochastic Oscillator
To derive signals from the line crossovers
To distinguish between false and real signals
To stop divergences
To combine it with other technical studies

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RSI

Developed by J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings, and center-line crossovers. RSI can
also be used to identify the general trend. This  eBook will teach you how to:

  • Interpret readings of the RSI indicator
  • Identify Overbought/Oversold levels
  • Use RSI for tracking divergences
  • Combine RSI with other technical studies for enhanced accuracy

 

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MACD

The MACD is a popular technical analysis indicator that we believe every trader should be skilled at. The calculation behind the MACD is fairly simple. Essentially, it calculates the difference between a currency's 26-day and 12-day exponential moving averages (EMA). The 12-day EMA is the faster one, while the 26-day is a slower moving average.

The calculation of both EMAs uses the closing prices of whatever period is measured. On the MACD chart, a nine-day EMA of MACD itself is plotted as well, and it acts as a signal for buy and sell decisions. The MACD generates a bullish signal when it moves above its own nine-day EMA, and it sends a sell sign when it moves below its nine-day EMA. Also, the MACD is powered with histogram which fills depending on the momentum the price takes. The MACD is considered to be one of the most efficient tools used in technical analysis. After reading this eBook you will learn how :

To interpret the MACD
To take advantage of signal and centerline crossovers
To use the MACD histogram
To use MACD for spotting price divergences

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Bollinger Bands

Bollinger Bands are a highly popular technical analysis technique. Many traders believe the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.

Bollinger Bands are not a standalone trading system. They are simply one indicator designed to provide traders with information regarding price volatility. It is recommended to use them with two or three other non-correlated indicators that provide more direct market signals. Therefore, Bollinger band can be a perfect auxiliary tool to complement the signals derived from other indicators

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Moving Averages -Simple and Exponential

Technical analysis has been around for decades and through the years, traders have seen the invention of hundreds of indicators. While some technical indicators are more popular than others, few have proved to be as objective, reliable and useful as the moving average.

Moving averages come in various forms, but their underlying purpose remains the same: to help technical traders track the trends of financial assets by smoothing out the day-to-day price fluctuations, or noise.

 

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10 Economic indicators with the biggest impact on the Forex market

Economic indicators can have a marked effect on Forex and CFD prices. Accordingly, many traders keep a sharp eye on the economic calendar to ensure they are abreast of any potential volatility bumps that lie in the road ahead. Around the world, various governmental and non-governmental agencies report on a regular basis certain pieces of economic information.

The methods by which these reports are put together can vary considerably. Sometimes, the data is as direct as reporting monthly sales from a particular segment of the economy. Others may not come from hard data, instead being based on opinions recorded in surveys. Still, others may derive their findings by extrapolating existing data.

As US economy is the largest economy in the world and wields some influence on the performance of financial markets globally,the list of economic indicators presented in this eBook  focuses on US reports in an effort to give you the best economic indicators.

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How to use currency correlation in forex trading

Correlation in finance is the statistical measure of how two different assets move in relation to each other. A positive correlation exists between assets that tend to move in the same direction. For example, a positive correlation is observed between the value of Australian dollar and Gold as Australia accounts for the majority of world's gold production.

Conversely, a negative correlation exists between assets that typically move in opposite directions. Such a negative correlation usually exists between the EUR/USD exchange rate and the USD/CHF exchange rate, for example. Understanding market correlations is an important part of trader's skill set and can be helpful in hedging strategies and trading in general

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How to use Fibonacci levels to boost success in everyday trading

Leonardo Bonacci – also known as Leonardo Fibonacci – was an Italian mathematician in the 12th century. He was considered the most talented Western mathematician of his time and one of the greatest of all time. Although Fibonacci himself did not come up with what is now known as the Fibonacci sequence, he certainly introduced the phenomenon to the West.

But that doesn't mean that it works in finance… does it? Actually, the markets have the very same mathematical base as these natural phenomena. In this eBook we will examine some ways in which Fibonacci sequence and Fibonacci Ratios can be used in trading on the global financial markets.

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Trading the line - 5 ways you can use trendlines to improve your trading

Uptrends and downtrends are hot topics among technical analysts and traders, because they ensure that the underlying market conditions are working in favor of a trader's position, rather than against it. Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.

In this eBook, you'll discover 5 ways how to use trendlines with maximum efficiency. It won't be long before you're drawing them on your own charts to increase your chances of making a successful trade!

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Key reversal chart patterns and their use in everyday trading

Trend reversal patterns are essential indicators of the trend end and the start of a new movement. They are formed after the price level has reached its maximum value in the current trend. The main feature of trend reversal patterns is that they provide information
both on the possible change in the trend and the probable value of price movement. These patterns serve to indicate that the ongoing trend is about to change the course. A pattern formed during an uptrend signals a trend reversal where the price will head down
soon. On the other hand a reversal chart formed during a downtrend indicates that the price will move up.

Memorizing and learning how to spot these patterns can greatly assist you in your everyday trading experience. These patterns can be effectively used to predict trend reversals and identify areas of potential support and resistance. In addition, they can add to the validity of signals derived from support and resistance and other technical studies as formation of such patterns around areas of support and resistance might give additional confirmation to the underlying strength of said levels. These concepts are explained in this eBook.

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Understanding The 10 Key Reversal Candlestick Patterns

In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern. There are 42 recognized patterns that can be split into simple and complex patterns.

We cut through the noise and introduce you a detailed guide to 10 most highly used candlestick reversal patterns and explain how to use them in your day trading.  Doji, Hammer ,Hanging man and Shooting Star just to name a few.

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Support and Resistance

The concepts of support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. At first the explanation and idea behind identifying these levels seems easy, but as you'll find out, support and resistance can come in various forms and it is much more difficult to master than it first appears.

Understanding the aforementioned, we have prepared this eBook using easy and accessible terms to make this unalienable concept of technical analysis easy-to-understand for every individual.

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Introduction to Trendlines

Technical analysis is built on the assumption that prices trend. Trend Lines are an important tool in technical analysis for both trend
identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to
act as a line of support or resistance. Many of the principles applicable to support and resistance levels can be applied to trend lines as well.  After reading this eBook you will  :

  • Learn the concept of trendline analysis
  • Understand how to draw trendlines
  • Learn how to use trendlines for spotting vertical support and resistance
  • Learn how to draw internal trendlines within the trend

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Japanese Candlestick and Other Charting Techniques

The Forex market is ruled by the general supply and demand balance. If there are more sellers (in volume) at any one level, the market will move to the downside, or if the buying volume is bigger at a specific level, the prices for that respective currency pair will rise. It is as simple as that, and this general supply and demand balance influences the way any financial product is moving. To find out where these supply and demand levels are, or where price is hesitating, or whether the price is accumulating energy to continue the previous trend, technical charts are being used. These charts are not suitable for all trading strategies, as some are simply having no use in specific interpretations.

There are different types of charts used in technical analysis of the market. Some of the most common ones include line, bar, and candlestick charts. A popular chart type used by forex traders is the candlestick or Japanese candlestick as it not only shows direction of the price, but shows the range of price fluctuations within particular period of time which can extend from minutes to months. This eBook will teach you the basic concepts behind candlestick charting techniques and explain why understanding these basics is a must-know for every trader.

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Basic concepts of Technical Analysis

Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like
weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is “likely” to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.

Technical analysis is applicable to stocks, indices, commodities, cryptocurrencies and other tradeable instrument where the price is influenced by the forces of supply and demand.

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Basic concepts and guiding principles of fundamental analysis

Fundamental analysis is the examination of the underlying forces that affect the well being of the economy, industry groups, and
companies. As with most analysis, the goal is to derive a forecast and profit from future price movements. At the company level,
fundamental analysis may involve examination of financial data, management, business concept and competition.

At the industry level, there might be an examination of supply and demand forces for the products offered. For the national
economy, fundamental analysis might focus on economic data to assess the present and future growth of the economy. To forecast
future stock, commodity or currency prices,fundamental analysis combines economic, industry, and company analysis to derive a
financial instrument's current fair value and forecast future value. In general, fundamental analysis explores the impact of social, political and economic forces on the price of financial instruments.

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Why central banks are so afraid of cryptocurrencies

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Differences between fiat and crypto

Traditional money is issued by central banks while cryptocurrencies exist only in digital form and are independent of any government intervention. They can not be controlled, manipulated in any measure or counterfeited and provide a solid alternative to traditional money which many have already called "the currency of the future". And while majority of world's financial institutions have expressed severe criticism towards growing trend of concurrency investments with some calling it an outright fraud or a "bubble doomed to burst", the truth lies much deeper than may seem on the surface.  This eBook explains the key differences between fiat currencies and cryptocurrencies and sheds light on why global financial institutions are fearful of their growth.

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Fundamental analysis and its use in cryptotrading

While technical analysts believe all the information they need is contained in the chart, fundamental analysis looks at other aspects, including political, social and economic factors, as well as macroeconomic releases and corporate earnings. And while application of technical analysis in traditional markets is mostly limited to studying the news and scoping through company's information and  financial reports, cryptocurrency trading requires a bit different approach to apply the concepts correctly. This eBook outlines the basic concepts of fundamental analysis and explains how it can be applied in cryptocurrency trading.

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General Outlook for cryptocurrencies for 2018

BitcoinBlockchain, and Cryptocurrency are some the hottest buzzwords of 2017. Just looking at Google Trends, it shows these words have been frequented more and more on the worlds most popular search engine (Google)

The total cryptocurrency market cap has went from $17 billion to $294 billion in an 11 month time span, about a 1700% increase. Those numbers are unheard of in other asset classes. That doesn't include individual gains made by coins, which some are up over 5,000% year to date.

At the same time, general investor sentiment has to some extent been worsened by encroachments by regulatory authorities as can be seen by crackdown on bitcoin mining operations in China and cryptocurrecny bans in Russia. What will be the world of cryptos in 2018 - this eBook strives to answer this and many other questions.

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What is the difference Between Coins, Tokens and Altcoins

It is important to note that all coins or tokens are regarded as cryptocurrencies, even if most of the coins do not function as a currency or medium of exchange. The term cryptocurrency is a misnomer since a currency technically represents a unit of account, a store of value and a medium of exchange. All these characteristics are inherent within Bitcoin, and since the cryptocurrency space was kick-started by Bitcoin’s creation, any other coins conceived after Bitcoin is generally considered as a cryptocurrency, though most do not fulfill the aforementioned characteristics of an actual currency.

Understanding the differences between coins, tokens and  altcoins is important for every potential cryptocurrecny investor . Let's look at the bare facts; the number of coins has almost doubled in 2017, from 770 to almost 1500 by year end. And while many of newly introduced coins have a promising future due to underlying technology behind their creation, others bear little potential for investors and simple do not worth your time and money.  This eBook outlines major differences between coins, tokens and altcoins.

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The ABCs of bitcoin

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017 and reportedly mate huge fortunes for those who seem to have spotted potential earlier. Still, many, even those who have capitalized on Bitcoin's extraordinary performance are barely aware of what is bitcoin and what technology lies behind.

This eBook strives to provide comprehensive answer to any question you may have about Bitcoin and help you understand why this unique invention is likely to change the world as we used to know it.

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Basic Concepts of Cryptocurrencies

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

So what are the essential distinctive features of cryptocurrencies and why have they gained such an enormous popularity recently ?  You will find answers to these questions in our eBook.

 

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Human element - A guide to healthy trading psychology

With the markets trading at mind boggling ranges, it really makes sense to discuss a part of trading that won’t be found on most charts – and that’s called Trading Psychology. It’s one thing to have a trading plan and system, but actually following it, especially when things aren’t exactly going your way, is something else entirely. Following the key trading success rules can help you improve your plans when it comes to real life trading.

There are many characteristics and skills required from traders in order for them to be successful on the financial markets. The ability to understand the inner background currency and cryptocurrecny pricing, its fundamental and the ability to determine the direction of the trend are a few of the key traits needed, but none of these are as important as the ability to control emotions, fight greed and maintain healthy psychology. And while the subject of trading psychology can extend further and further, the basic guidelines is something that every trader should be aware of before entering the world of financial markets. Regardless of what type of market you are planning to deal with, the tips outlined in this eBook are universally accepted trader's testaments that will always come in handy if memorized.

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Basic terminology of forex trading

The Forex market comes with its very own set of terms and jargon. So, before you go any deeper into learning how to trade the Fx market, it’s important you understand some of the basic Forex terminology that you will encounter on your trading journey.

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Fundamentals of Commodity Market

Physical commodities underpin the global economy. They are traded in vast quantities across the globe. We depend on them for the basics of everyday life – for the electricity we use, the food we eat, the clothes we wear, the homes we live in and the transport
we rely on. These are the fundamental raw materials from which we build and power our cities, run our transport systems and feed ourselves – the basic stuff of life. But ask the average person what they think of when they hear the word ‘commodity’ and they are more likely to talk about financial markets, Wall Street and speculation.

While it is true that commodity markets can be volatile, and a certain breed of financial trader will always be attracted by that, this
conception is a world away from the complex, intensely practical business of getting resources out of the ground, moving them
across the globe and turning them into the raw materials we use every day. Whether or not you're planning to get involved in commodity trading, this eBook presents lots of useful information that might come in handy for any investor.

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Understand Foreign Exchange market

Forex trading is a profession with relatively unlimited profit opportunities. However, you have to be aware that you will need not only knowledge and intuition, but also the ability to work under stress and the courage to take risks. Don’t believe those who guarantee easy money with Forex, because Forex, like any other trade, requires hard work, discipline and sometimes luck as well.

This eBook introduces the basic concepts of foreign exchange market, also known as forex, which is the most liquid market with average daily turnover in excess of 4$ trillion.

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Learn all about the basics - Stocks, Foreign Exchange, Commodities

A financial market is a broad term describing any marketplace where buyers and sellers participate in the trade of assets such as equities, bonds, currencies and derivatives. Financial markets are typically defined by having transparent pricing, basic regulations on trading, costs and fees, and market forces determining the prices of securities that trade. Financial markets can be found in nearly every nation in the world. Some are very small, with only a few participants, while others - like the New York Stock Exchange (NYSE) and the forex markets - trade trillions of dollars daily.

Investors have access to a large number of financial markets and exchanges representing a vast array of financial products. Some of these markets have always been open to private investors; others remained the exclusive domain of major international banks and financial professionals until the very end of the twentieth century. This eBook explains the basic about all types of financial markets a trader may encounter.

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Trend Analysis Theory - Peaks and Troughs

Еhe concept of peak and trough analysis, a technique first brought to our attention as a tenet of Dow theory. While the theory itself has lost much of its luster in recent years, the peak and trough part of it has not. It is arguably the most important building block of technical analysis. When you look at almost any chart, it’s fairly evident that prices do not go up and down in straight  lines, but move in zigzag patterns instead. During a bull trend, a rally is inter- rupted by a correction in which part of the advance is retraced. This is then followed by another rally, after which a subsequent correction follows, and so on.

These are the peaks and troughs. As long as a trend experiences a series of rising peaks and rising troughs, it is considered to be intact. However, when the series of rising peaks and troughs is replaced by a series of declining peaks and troughs, the prevailing trend has reversed. 6 pages

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Principles of manageable trading discipline

Improvisation, luck and natural talent are all great things. They even have their place in trading, but discipline is the undisputed foundation of success when it comes to the markets. And it all has to do with getting the bigger reward.

When you start trading you might be looking for a quick way to get into profit, similar to the more impulsive kids. But in an area with a multitude of factors that influence the price and movement, your gut feeling simply won’t do. Some might hit gold the first time, but it’s quite likely they’ll lose it soon after.

As such, adhering to a set of rules and principles throughout the process of day trading will help you lay foundation for manageable trading discipline and develop a set of rules and principles to uphold consistently. This eBook outlines the basic things the trader has to take into consideration in order to avoid inconsistency , haphazardness in decision making and other perils usually derived from lack of predetermined set of rules. 7 pages

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Hidden Divergence

In technical analysis, most indicators can give three different types of trading signals: crossing over a major signal line, crossing over a center line and indicator divergence.

Of these three signals, divergence is definitely the most complicated for the rookie trader. Divergence occurs when an indicator and the price of an asset are heading in opposite directions. Negative divergence happens when the price of a security is in an uptrend and a major indicator heads downward. Conversely, positive divergence occurs when the price is in a downtrend but an indicator starts to rise.

These are usually reliable signs that the price of an asset may be reversing. When using divergence to help make trading decisions, be aware that indicator divergence can occur over extended periods of time,so spotting divergences is very useful in determining long term trends and foreshadowing potential reversals.  This  eBook will help you grasp the concepts of indicator divergences and learn how to use them in  both long-term analysis and day trading. 9 pages

 

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Candlesticks for Support and Resistance

Observation is the best friend of the technical analyst. By watching the markets, we noticed something interesting about candlestick charts. We realized the real bodies used in candlestick charting can be used to determine significant support and resistance points, a strategy I had never seen before. Take a look at how it can be done.

Although they have only recently become popular in the Western Hemisphere, Japanese traders have been using the candlestick charting technique for hundreds of years. Candlestick charts, much like the bar chart equivalent, utilize the open, high, low and close activity to plot a period (usually a day). In candlestick charting, unlike bar charting where the highs and lows tend to be the focus, the opens and closes are the most significant.

By using candlestick as a tool for identifying support and resistance level, we can try to improve our trading and analysis on several levels. In the short term, we can derive important counteraction trading points and improved longer-term entry levels. In the longer term, we can use real-body support and resistance to get a jump on market breakouts in a trend-trading strategy.  8 pages

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A Guide to Healthy Trading Psychology

The psychological aspect of investing in cryptocurrencies is extremely important, and the reason for that is simple: cryptocurrency investors are frequently prowling about potential investment choices on short notice, and are therefore forced to make quick decisions. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so that they stick with previously established trading plans and know when to book profits and losses. Emotions simply can't get in the way.

There are many characteristics and skills required by traders in order for them to be successful in the financial markets. The ability to understand the inner background of cryptocurrency pricing, its fundamentals and the ability to determine the direction of the
trend are a few of the key traits needed, but not one of these is as important as the ability to contain emotions and maintain discipline. 9 pages

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Fundamental Analysis and its use in Crypto

While there are many ways to determine future direction of price, learning the external fundamentals behind price movements may lay the foundation for future success.

Fundamental analysis is an assessment of political, social and economic environment of the market aimed at determining a factor or group of factors which influence the price. This is very different from technical analysis in that the former is based on the assumption that all future price movements are inherently visible in the price chart and that foundation for future movements has already been laid by the historical price fluctuations.

The application of fundamental analysis may differ depending on type of market and its conditions. For example, the Stock market fundamentals are mainly based on analyzing company’s performance and its earnings reports, evaluating quality of company’s assets and potential growth. Currencies on the other hand are driven by external economic factors in both micro and macro spectrum and are less vulnerable to short-term shocks.

When evaluating bitcoin, though, investors are keen to evaluate key aspects of the cryptocurrencies underlying technology, for example, how its scaling challenges might affect the digital currency's value.

In this E-Book we have compiled the most essential concepts of fundamental analysis including those that can be successfully applied in cryptocurrency trading. Trading volume, market capitalization and impact of governmental regulatory policies on price of Bitcoin and other cryptocurrencies – a must read compilation for all those willing to learn and reach success. 13 pages

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A guide to technical indicators and other useful studies

Our comprehensive guide to technical indicators and other analytical studies outlines in—depth description of profound technical analysis concepts and shows how they can be applied with maximum efficiency. The e-book is intended to help traders grasp the idea behind what we believe are the most important technical analysis tools and studies and become familiar with concepts which have grown to become indispensable to successful trader. The eBook strives to provide detailed description of such frequently used tools as Bollinger Bands, RSI, Fibonacci and Elliot Wave but does so by using as simple language as possible to make it accessible for both pros and newbies alike. 13 pages

  • Covers a wide range of concepts on technical analysis and presents complex ideas in a highly accessible language to the average reader.
  • Offers useful information on technical indicators, chart patterns and candlestick charting, supported with practical examples and a focus on the aspect of practical application.
  • A must-read for traders in the true sense of the word.

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Basics of Technical Analysis

There are two primary ways to analyze price of financial instruments and make investment decision: technical and fundamental analysis. While fundamental analysis relies solely on external factors, like social political or economic forces to determine the future price movements, technical analysts rely solely on charts and historical price movements to determine future prices.

Technical analysis may look complicated for beginners in the field, but in reality technical analysis studies the very common foundations of markets - supply and demand.  In short, technical analysis attempts to determine the logic and patterns behind the price’s trend and rather than taking into consideration external fundamental attributes.

In our basics of technical analysis E-book we have compiled the most basic notions of technical analysis which we believe every traders needs to know. From candlestick charts to support and resistance, we have everything a trader needs to know in order to succeed. 15 pages

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Full Guide to Cryptocurrency trading

Anyone getting familiar with Bitcoin and other cryptocurrencies should be aware of how prices are moving and know at which rates to buy or sell. Some just follow the news and hold with the expectation to sell in the future while others take advantage of short-term movements in attempt to speculate with potential to make profit within the shortest time possible. Either way, both categories need knowledge to understand when is the right time to buy and sell.

To serve the needs of the abovementioned we have prepared a full cryptocurrency trading guide e-book where we have compiled everything we believe a trader might need to build a healthy cryptocurrency trading strategy. 23 pages

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Basics of Cryptocurrencies

Cryptocurrencies, or digital currencies are means of digital exchange. Cryptocurrencies have sparked interest of millions of players recently with Bitcoin craze dominating the news headlines in 2017. Where there’s demand, there’s supply, and with cryptocurrencies garnering significant public attention, the last years saw the emergence of various cryptocurrency exchanges with diverse trading technologies and payment methods. Some believe cryptocurrencies are the future of global financial system while others remain suspicious of this novelty and claim them to be a bubble designed to rip investors off.

Your E-book on the basics of cryptocurrencies has everything you need to get basic insights into the world of cryptocurrencies and familiarize yourself with their origin, principle of operation and history. 9 pages

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Everyday, financial market attracts new traders. All are looking to make what they perceive as an easy profit. Before trading even begins, it is important for a trader to familiarize themselves with how the market operates along with the terminologies involved.

We have prepared an extensive collection of E-books for you to learn the basics and get more familiar with the basic concepts guiding the market. This package includes :