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25/01/2023
Forex will make you or mere you
Just make sure you learn from the lineage of the best.
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15/01/2023
1️⃣ What is SNR?
SNR is Support and Resistance.
Now, if you’re already thinking what heck does that mean ? 🤔💭
…Take it slow and learn below ⬇️
• Support is a level where the demand of strong orders are at causing the price to stop from falling. SUPPORT is the area where we look for BUY.
• Resistance is the area where we look for SELL as resistance is a level where a lot of traders placed sell entry causing the price to not go surpassed the resistance level.
• 2 TYPES of Support and Resistance
❗️ Important to know this part as it will influence your decision to entry ❗️
Support :
- Strong support
- Weak support
Resistance :
- Strong resistance
- Weak resistance
• Support and resistance can also switched up if a BREAKOUT (BO) happens…
Support becomes Resistance (SBR) :
Support Breakout
Resistance becomes Support (RBS) :
Resistance Breakout
(To be continued)
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13/01/2023
To handle yourself, use your head; to handle others, use your heart.
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What does it mean to trade forex?
It simply means you are placing a buy/sell in the market.
The instruments we trade (buy/sell) in the market includes currencies like EURUSD, USDJPY, GBPCHF, these are countries currencies listed as pairs.
We can also trade comodities like gold, silver, etc as well as other instruments.
What does it mean to buy/sell in forex trading??
When you place a buy, you are simply saying the market will go up in value.. That is buying EURUSD means you are saying EURUSD will go up.
When you place a sell, you are predicting the market to go down in value. Eg Buying GBPCHF, means you are expecting it to go down in value.
You make money if the market goes according to your prediction.
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20/12/2022
Patience quotes to inspire you
“To lose patience is to lose the battle.”
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