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FX Trader And Mentor, Istanbul (2026)

31/03/2021

A trending market is one in which price is generally moving in one direction.

Sure, the price may go against the trend every now and then, but looking at the longer time frames would show that those were just retracements. 🌊

Trends are usually noted by “higher highs”📈and “higher lows” in an uptrend and “lower highs” and “lower lows”📉 in a downtrend.

When trading a trend-based strategy, traders usually pick the major currencies as well as any other currency utilizing the dollar because these pairs tend to trend and be more liquid than other pairs.

08/03/2021

Divergence is a popular concept in technical analysis that describes when the price is moving in the opposite direction of a technical indicator.
There are two types of divergences:

Regular divergence

Hidden divergence

Each type of divergence will contain either a bullish🐂 bias or a bearish🐻 bias.
•Regular divergences signal a possible trend reversal.
•Hidden divergences signal a possible trend continuation.
👉🏽While divergences can occur between price and any other piece of data, they are most commonly used with technical indicators, especially with momentum oscillators.

25/02/2021

Everyone has their own look, personality, talents, and pizza🍕 topping preferences (we like pepperoni and potato chips).
We all like different things and are unique in our own way.😊

Trading is the same way. Our unique personalities will lead us to trade differently from one another.Some may be aggressive, “type A” personality traders while others may be more relaxed, “type B” personality traders.
Trying to force a trade that doesn’t match your personality will result in frustration and can hinder you from making consistent profits.
Types of trading:
- Scalping
- Day Trading
- Swing Trading
- News Trading
- Breaking Out Trading
- Range Trading
- Positioning Trading
What type of forex trader are YOU? 🤓

23/02/2021

Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect currency prices.
If you think about it, this makes a whole lot of sense! Just like in your Economics 101 class, it is supply and demand that determines price, or in our case, the currency exchange rate.
👉The idea behind this type of analysis is that if a country’s current or future economic outlook is good, its currency should strengthen.
The better shape a country’s economy is, the more foreign businesses and investors will invest in that country. This results in the need to purchase that country’s currency to obtain those assets.

22/02/2021

Back in the old school days of the 1920-30s📜, there was this mad genius and professional accountant named Ralph Nelson Elliott
By analyzing closely 75 years worth of stock data, Elliott discovered that stock markets, thought to behave in a somewhat chaotic manner, actually didn’t.
👉Elliott explained that the upward⏫ and downward⏬ swings in price caused by the collective psychology always showed up in the same repetitive patterns.

He called these upward and downward swings “waves”🌊
He believes that, if you can correctly identify the repeating patterns in prices, you can predict where price will go (or not go) next.
This is what makes Elliott waves so appealing to traders😎.
It gives them a way to identify precise points where price is most likely to reverse.
In other words, Elliott came up with a system that enables traders to catch tops and bottoms.
👉But before we delve into the Elliott waves, you need to first understand what fractals are.
Basically, fractals are structures that can be split into parts, each of which is a very similar copy of the whole. Mathematicians like to call this property “self-similarity”.

👉One important quality of Elliott waves is that they are fractals. Much like sea shells 🐚and snow flakes❄, Elliott waves could be further subdivided into smaller Elliot waves.

18/02/2021

□ Moving averages are one most commonly used technical indicators.
□ A moving average is simply a way to smooth out price fluctuations to help you distinguish between typical market “noise” and the actual trend direction.
By “moving average”, we mean that you are taking the average closing price of a currency pair for the last ‘X’ number of periods.
□ But why not just look at the price to see what’s happening❓
- The reason for using a moving average instead of just looking at the price is due to the fact in the real world, aside from Santa Clause not being real…..trends do not move in straight lines.
Price zigs and zags so a moving average helps smooth out the random price movements and help you “see” the underlying trend.
□ Generally, the smoother the moving average, the slower it is to react to the price movement.
The choppier the moving average, the quicker it is to react to the price movement.
To make a moving average smoother, you should get the average closing prices over a longer time period.

11/02/2021

Slippage occurs when an order is filled at a price that is different from the requested price.
👉The difference between the expected fill price and the actual fill price is the “slippage”.
Whenever you are filled at a price different from the price requested, it’s called slippage.
Slippage isn’t necessarily something that’s negative because any difference between the intended ex*****on price and actual ex*****on price qualifies as slippage.
👉Market prices can change quickly, allowing slippage to occur during the delay between a trade order being processed and when it is completed.
👉Slippage happens during high periods of volatility, such as during breaking news or economic data releases.
👉Under normal market conditions in forex, the major currency pairs will be less prone to slippage since they are more liquid.

08/02/2021

Gaps are sharp breaks 📉 in price with no trading occurring in between. Gaps can happen moving up or moving down. In the forex market, gaps primarily occur over the weekend because it is the only time the forex market closes. Gaps may also occur on very short timeframes such as a one-minute chart or immediately following a major news announcement.
***Why are they important?***

Gaps can give an idea of market sentiment. When a market gaps up, that means there were zero traders willing to sell at the levels of the gap. When a market gaps down, that means there were zero traders willing to buy at the levels of the gap. There are also important to be aware of because it is possible to gap past a stop order and get filled at worse price than your stop order.
Gaps sometimes result in corrective price action. In other words, after the gap occurs prices have a tendency to reverse and “fill” the gap.

06/02/2021

Volatility is the statistical tendency of a market to rise or fall sharply within a certain period of time. It is measured by standard deviations – meaning how much a price deviates from what is expected, which is generally its mean.

Experienced traders know that volatility can come at any point, in any part of the interconnected markets we trade. Smooth trending markets or rangebound markets can also be interrupted by sharp shocks and unwanted volatility.

The emotional rollercoaster of trading and investing is one every trader must endeavour to smooth out.🎢

When volatility increases, we should see wide ranges in price, high volumes and more trading in one direction – for instance, few buy orders when the market is tanking, few sell orders when the market is ramping. At the same time, traders can be less willing to hold positions as they realise prices can change dramatically — turning winners🤑 into losers😥.

05/02/2021

You’ll often hear it said that the forex market is the most liquid financial market in the world🤑, and it is. But what does that mean for you and your trading?💶💵💴

What Is Liquidity?

Liquidity refers to how active a market is📉📈📊👁. It is determined by how many traders are actively trading and the total volume they’re trading. One reason the foreign exchange market is so liquid is because it is tradable 24 hours a day during weekdays. It is also a very deep market, with nearly $6 trillion turnover each day. Although liquidity fluctuates as financial centres around the world open and close throughout the day, there are usually relatively high volumes of forex trading going on all the time.

04/02/2021

You may be interested to learn the key differences of trading versus owning Bitcoin.
Here are some of the key differences:
Trading bitcoin-->
-Speculate on bitcoin's price movement without having to take ownership
- Trade long or short
- Nimbly trade volatile price swings in either direction
- Use any long short term trading strategies
- Utilize margin and leverage to make maximum use of account equity
- Employ entry orders stop losses profit limit orders and all risk management techniques.

Owing bitcoin-->
- Buy and own BTC outright
- Long only
- Buy , hold or close long positions only
- Long-term buy-and- hold only
- Full value BTC purchase required up front
- Manually buy or close long positions only

03/02/2021

Knowledge and experience are key 🗝elements in successfully trading 🤑any financial market. Part of having a solid base of trading knowledge lies in knowing how markets generally relate with and react against each other. Intermarket analysis is the study of price correlations among different markets and how market prices may or may not be impacted as a result.
When trading Bitcoin, traders have discovered that its fundamental correlations with other global financial assets have tended to shift over time and are usually not nearly as robust as other, more established correlations.
For example, the strong inverse relationship between the US dollar and gold is both well-documented and reliable. The same generally cannot be said of the current correlation between Bitcoin and gold, or that of Bitcoin and any traditional currency like the US dollar 💵, euro 💶, or yen💴.
Bitcoin’s characteristic of low correlation with other markets could further boost its appeal as a tradable asset.

As most markets currently available for trading are correlated in some way or another with other markets, the emergence of a relatively uncorrelated asset like Bitcoin provides a potential opportunity to diversify trading and investment strategy

FX Trader And Mentor

31/03/2021

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