Tag: Andrew’s Trading Channel

Learning with Stock Trading Mentor Box

AndyLatest News / Latest News / NewsLeave a comment

Learning with Stock Trading Mentor Box

OFFICIAL LINK HERE

If you want to start making some real money, then you are probably thinking about trading the stock market. Of course, the stock market is one of the biggest markets in the world, so there is definitely a huge opportunity to make money. With that being said, if you don’t have the right skills and tools, then you are not going to be successful. People hire stockbrokers for a reason, and it’s not because they are lazy, but rather because trading the stock market is not as easy as some people would have you think. However, this is where one of the world’s at best educational resources comes into play, Stock Trading Mentor Box.

In case you did not know, Stock Trading Mentor Box is at this time one of the most trusted stock market trading schools in the world. Although Stock Trading Mentor Box is not all that old, only a few years old, in that time it has managed to gain a whole lot of popularity. The reason for this is quite simple, because it actually works to teach even the most clueless of newbies how to trade the stock market in a very profitable and consistent manner. What we want to do right now is to take a much closer look at Stock Trading Mentor Box to see exactly how it can help you become a professional and profitable trader.

Stock Trading Mentor Box

What is STMB?

Stock Trading Mentor Box is a 100% online school designed to help newbies learn how to trade the stock market period of course, being able to learn from the comfort of your own home is a huge benefit. Moreover, the fact that you can learn on your own time is also extremely beneficial.

The reality is that once you are a member of Stock Trading Mentor Box, you are a member for life, and for one low cost, you get limited, full, and lifetime access to all course content. This means that you never have to get up off your couch, and you can choose to take one week, one month, or one year to work your way through the curriculum.

Let’s keep in mind that most people take anywhere from two to four weeks to work through the Stock Trading Mentor Box curriculum. The bottom line here is that this is a stock market trading school that will teach you all of the relevant skills that you need to know to be a self sufficient, proficient, and profitable stock market trader.

The Teacher of Stock Trading Mentor Box

The teacher of Stock Trading Mentor Box is Andrew a period you might know Andrew from Andrew YouTube trading channel, or from the Income Mentor Box day trading Academy. The point here is that Andrew is a well known figure in the day trading community.

He is a very popular trader and personality. he has been in the trading business for well over a decade, and has made quite a name for himself in that time. He is a very successful and well versed stock market trader, forex trader, cryptocurrency trader, and more.

Stock Trading Mentor Box

He makes a full time living being a traitor, and now he wants to teach you how to do the same. What people also have to say about Andrew is that he makes for an excellent teacher. He has this way of explaining all of these difficult concepts in ways that are really easy for beginners to conceptualize and to understand.

VISIT ANDREW’S TRADING CHANNEL

People all say that learning from Andrew is very easy, and some even think that it’s quite fun. The fact that some people say that Andrew makes learning fun is definitely a big deal, because learning is usually never fun.

Stock Trading Mentor Box

What You Will Learn

What you need to know about stock trading mentor bots is that the curriculum consists of over 50 full length video tutorials. These video tutorials are extremely easy to follow and also very comprehensive.

The teacher, Andrew, explains everything in great detail, and then backs everything up with visual video examples. In other words, to teach you how to trade the stock market, and to trade live on video for you to follow along with. People agree that this is one of the easiest to follow along with stock market trading schools out there.

 In terms of the actual content, each of the 50 lessons covers a different topic. Just take a look at the image featured below for an idea of exactly what you will learn here.

Just some of the things that Stock Trading Mentor Box will teach you include all about indicators, standards, and the best trading practices, as well as how to create daily watchlists, how to master day trading and swing trading channels, how to have a successful mindset, all about trading analytics, and much more.

The simple reality here is that you will learn every single skill that you need to know in order to be a profitable stock market trader.

Stock Trading Mentor Box

The Cost of Stock Trading Mentor Box

What really stands out about this stock market trading school is the fact that it comes to us at a very reasonable price. Membership in this Academy costs just $399, which is a much lower price than you will find anywhere else, and all for the same education.

That said, who are we kidding, because the education that you get here is much better than anywhere else. Let’s keep in mind that the $399 you have to pay is a one time payment, and there are absolutely no hidden, recurring, or additional fees of any sort. However, the deal doesn’t end there, because you also get one of the world’s best indicators included with your membership.

 

The Ultimate Profit Scalping Indicator

What is of course very important to note about Stock Trading Mentor Boxes the fact that it comes complete with a free indicator period now, this is not just any indicator, but one of the most modern, newest, and most accurate scalping indicators. This is of course a scalping indicator, which means that it is designed for short term trades, and is therefore ideal for newbies who want to make fast and easy profits.

UPSI

This particular indicator, the UPSI, has the ability to provide you with profitable buy and sell signals for a variety of market types. This indicator can be used to provide you with signals for forex currency pairs, the stock market, crypto currencies, and more or less everything else in between.

UPSI Stock Trading Mentor Box

This particular indicator is extremely accurate, and will have you win in trades at least 90% of the time. Let’s keep in mind that this indicator does come included with your membership in Stock Trading Mentor Box. Although, if you don’t want to join the school, but you still want the indicator, then you can purchase it separately for $299.

The Bottom Line on Stock Trading Mentor Box

What it all comes down to here is that if you want to learn how to trade the stock market in a profitable and consistent way, then Stock Trading Mentor Box is definitely the best place to learn from. Not only will you learn all of the relevant skills that you need to know to be a profitable trader, but you will also get access to one of the world’s best scalping indicators out there, the UPSI.

CLICK ON IMAGE BELOW TO JOIN

Stock Trading Mentor Box Direct Link

Using the UPSI Indicator to Win Trades

AndyLatest News / Latest News / NewsLeave a comment

Using the UPSI Indicator to Win Trades

If you are just getting into the world of trading, then you might be having trouble winning trades. The fact of the matter is that trading is of course not easy. This is the case whether we are talking about stock market, forex, or cryptocurrency trading. However, with the right tools in your arsenal, you can place trades and win them on a consistent basis. What we are talking about here today is the UPSI indicator.

This is a relatively new trading indicator that has only been around for about one year. However, in that short amount of time, it has managed to make a massive impact on the trading community. The reason for this is because the UPSI is an extremely reliable indicator that provides you with amazing buy and sell signals that you can then place trades on. It’s an extremely user-friendly indicator that doesn’t take much knowledge to use.

ultimate profit scalping indicator

The UPSI indicator has managed to provide thousands of people with extremely positive results. This is perhaps one of the most profitable and user-friendly scalping indicators on the market at this time. What we want to do right now is to take a much closer look at this UPSI indicator to see exactly what it is and what it can do for you.

The UPSI in a Nutshell

First and foremost, UPSI stands for ultimate profit scalping indicator. In case you don’t know what an indicator is, or what scalping and trading is, then no worries because we will explain both of these things right now. What you of course need to know first is what exactly an indicator is. When it comes to trading, an indicator is a technical analysis tool that is a mathematical calculation based on a security’s price and/or volume.

It’s also important for you to know what scalping and trading is. When it comes to trading Forex, crypto currencies, the stock market, or anything else, profit scalping has to do with placing short term trades that are only open for a short period of time. The trades generally feature very small lot sizes and small investment amounts. The main point of profit scalping is to make very fast and consistent profits without putting too much money on the line.

UPSI

The point here is that the UPSI or the ultimate profit scalping indicator, is a special type of indicator that is designed to provide you with extremely profitable buy and sell signals for those short term scalp trades. What is of course beneficial is that this UPSI is designed to do all of the hard work and heavy lifting for you. It has the ability to provide you with extremely accurate buy and sell signals. All you have to do is to attach it to a specific chart on tradingview.com, and allow it to provide you with signals.

Something that is definitely worth noting about the Ultimate Profit Scalping Indicator is the fact that it doesn’t ever repaint signals. This means that you don’t ever have any old or inaccurate signals that are no longer valid.

UPSI

What you probably also want to know about this Ultimate Profit Scalping Indicator is how profitable it actually is. Well, based on the results that it has managed to achieve for thousands of people so far, we know that it is around 90% accurate. This means that you should be able to win at least nine out of every ten trades that you place using the signals that are provided to you by the UPSI. This is an extremely high accuracy rate, and it makes it nearly impossible to not make money.

Three Components of the Ultimate Profit Scalping Indicator

What is important to know about this Ultimate Profit Scalping Indicator is that it actually comes with three separate components that will help you win trades.

The first of these three components is the trend component. This is the main component that provides you with extremely accurate buy and sell signals that you can then place trades on.

The second of these three components is called the trend cloud, and this helps traders identify both long term and short term trades.

The third of these three components is the volume indicator, and this is very useful because it provides you with information about the overall activity and momentum of a certain asset that you are looking to trade with.

As you can see, in terms of providing you with useful and actionable bold information that you can place trades on, that UPSI is definitely one of the best indicators out there at this time.

UPSI

Tips on Using the Ultimate Profit Scalping Indicator

What we want to do right now is to provide you with the most important tips that you need to know to use this UPSI for the best results.

The Best Timeframe

The UPSI is designed for profit scalping, but there is a limit to how small that time period should be. Many people ask if this indicator is better used with a one hour or four hour chart. The answer is that the Ultimate Profit Scalping Indicator does provide you with more solid signals. The lower the timeframe, the more signals you get, but the higher the timeframe, the more accurate they are. Using hourly, four hour, and daily timeframes all work very well.

The Best Assets to Trade With

The fact of the matter is that the UPSI indicator can be used on asset. You can use the ultimate profit indicator on Forex charts, stock market charts, cryptocurrencies, commodities, and much more. Just don’t use the UPSI for very exotic foreign currency pairs or very new and upcoming crypto coins. You are best off trading the major Forex pairs, the biggest crypto coins, and popular stocks.

The Best Time to Enter Trades

Ok, so as tends to be the case with market trading, you are best off using the UPSI during major market hours. This means that you want to use it mostly between 9 AM and 7 PM GMT. In terms of how fast you want to act on the signals that the Ultimate Profit Scalping Indicator provides you with, the answer is right away. The faster you place trades on the signals that you are provided, the better the chances of it being profitable. You can also enter the trade a few bars after the signal, but the sooner the better.

Exiting Trades

When it comes to using the UPSI, people are also wondering what the best method for exiting trades is. People are wondering whether they should wait for the opposite signal as a confirmation to close the trade, or if they should use stop loss and take profit. If you are a very experienced trader, when you place a buy trade, you can look for the next levels of resistance, and then use that to close out your trade. Using support and resistance is generally a great way to close out trades.

Getting Signals

What you also need to know about this UPSI is the fact that it does come complete with an alert system. You can set up alerts for various assets, so that you will be notified whenever signals come out that you can place trades on. You can set this alert system to activate on your computer, your mobile phone, or anywhere else. The bottom line is that you can always trade with the most accurate and newest of signals.

Cost of the UPSI

OK, so the reality here is that the UPSI is of course not free. It does cost you some money. However, this awesome indicator that can lead to you making thousands of dollars per day costs just $299. This is a one time payment, and there are absolutely no additional, hidden, or recurring fees of any sort. This is a one time payment of $299, and you will have full, unlimited, and lifetime access to this awesome ultimate profit scalping indicator.

Now, with that being said, you can also get the Ultimate Profit Scalping Indicator included with your membership in Stock Trading Mentor Box. Stock Trading Mentor Box is at this time the number one rated stock market trading school in the world. This is the absolute best place to be to learn how to trade the stock market, as it features a fully comprehensive curriculum that consists of well over 50 full length and easy to understand tutorial videos.

If you want to learn how to be a profitable stock market trader, then Stock Trading Mentor Box is the place to be. Keep in mind that a membership in Stock Trading Mentor Box costs $399, which is $100 more than the UPSI alone, but a comes with the UPS I included with your membership. This way, you get to learn how to be a profitable and proficient trader, while also having access to what is now one of the world’s best scalping indicators.

The UPSI for Easy Trades – Final Thoughts

The fact of the matter is that if you want to make your life as a trader easier and more profitable, than using an awesome indicator such as the UPSI is definitely a way to go. At this time, when it comes to scalping trading, the Ultimate Profit Scalping Indicator is the best of its kind. Remember that you can also get it as an extra in its Stock Trading Mentor Box, and if you enroll in Stock Trading Mentor Box, then you get a great deal on both education and the indicator.

CLICK ON IMAGE BELOW TO JOIN

Stock Trading Mentor Box Direct Link

The Basics of Bollinger Bands

AndyLatest News / Latest News / NewsLeave a comment

The Basics of Bollinger Bands

If you are just getting into the world of trading, weather stocks, forex, or anything in between, one of the most important things you need to know all about are indicators. Indicators are a special set of trading tools designed to provide you with a variety information about the price and the value of a specific security, currency, or more. There are four main types of indicators out there, and these include momentum, trend, volatility, and volume indicators. What we are here to do today is to take a closer look at one of the best volatility indicators out there, Bollinger bands.

when it comes to gathering as much information as possible about price data, Bollinger bands are extremely useful. Now, understanding exactly what Bollinger bands do and what they tell you is a bit complicated. However, this is what we are here to explain to you today. Today, we want to provide you with a crash course of Bollinger bands, and exactly how to use them. Below, we have included one video from Andrew, where he describes the four best trading strategies to use with Bollinger bands. If you master the basics of these Bollinger bands, and you also take a closer look at the strategies discussed by Andrew, your life as a trader should become much easier and more profitable too.

What are Bollinger Bands?

Alright, so first and foremost, Bollinger bands is a volatility indicator. A man named John Bollinger created the Bollinger bands in the 1980s, and he developed a special technique for using a moving average along with two trading bands above and below that moving average. Unlike a normal moving average that has a percentage population, the Bollinger band simply adds and subtracts a standard deviation calculation.

Keep in mind that standard deviation is a mathematical formula that measures volatility. This shows how the price of a currency or a stock can vary from its true value. By measuring the volatility of price, Bollinger bands have the ability to adjust themselves to market conditions. This is something that makes Bollinger bands extremely useful for a variety of traders, because you can find mostly all price data needed in between those two bands.

The Three Components of Bollinger Bands

In order to be able to gather data about volatility, you first need to know what the three main components of the Bollinger bands are. Being able to gather data relies on your understanding of these three main components. The first of these main components is a simple moving average, usually of an intermediate length. This is a simple 20 day moving average and if this is often the default setting. This average can be used for measuring trend and to calculate the other two elements of this indicator.

The second part of this indicator is the upper band, which is a standard deviation above the simple moving average used in this indicator. Two standard deviations is usually the default that is used by most charting software. The third component of Bollinger bands is the lower band, and this is a standard deviation below the simple math moving average, and it is usually 2 standard deviations that is the default.

Bollinger Bands

What They Tell You

Let’s provide you with a better understanding of exactly what the Bollinger band indicator tells you. Most traders believe that the closer the price moves to the upper band, the more overbought the market is, but the lower the price move to the lower band, the more oversold the market is. The main takeaway here is that the further away the bands are from each other, the higher the amount of volatility the market is seeing.

Pros & Cons of Bollinger Bands

Bollinger bands you have both advantages and disadvantages that you need to know about, so let’s take a quick look at these.

Pros

  • When it comes down to it, this Bollinger bands are the best indicators out there for seeing volatility in a trending market.
  • This is one of the most popular technical indicators out there due to its ease of use, it can be easily applied and they can help with identifying trends, volatility, and momentum.
  • Bollinger bands are also great for identifying new and emerging trends at the end of old trends, which makes them an awesome multipurpose indicator.

Cons

  • The only real downside with these Bollinger bands indicators is that they follow recent market movements, and this means that traders might not get signals until price movement is already underway. In other words this is a lagging indicator.
  • Even John Bollinger himself said that this indicator is not completely foolproof, and it should be used in conjunction with other types of technical analysis.

Bollinger Bands

Tips for Using Bollinger Bands

Let’s provide you with some of the most important tips that you need to know about these Bollinger bands indicators, especially when it comes to reading what they tell you.

  • when the bands get separated by a large amount, any existing trend may close due to rising volatility.
  • When the bands tighten together in a time of low volatility, there is a higher probability of a sharp price move in either direction. This could start a trending move. What you also need to do here is to observe the false moves in the opposite directions, and these may reverse before the right trend starts.
  • Keep in mind that the price can go beyond a band of envelope for long periods when there are strong trends.
  • Keep in mind that the prices can bounce within the envelope bands, touching one man and then the other. These swings can be very useful for determining potential profit targets. For example, if the price bounces off the lower band and then passes about the moving average, the upper band then is the profit  target.
  • Keep in mind that you can expect a strong trend continuation if the price moves out of the bands, but if the price moves back inside the band right away, then the suggested strength is negated.

How to Trade with BB

We aren’t going to get into explaining exactly how to trade with the Bollinger bands indicator right now, but we what we do want to do is to provide you with this particular video. In the video that we have included here, Andrew discusses is before best trading strategies to use with this Bollinger bands indicator.

VISIT ANDREW’S TRADING CHANNEL

If you master any one of the trading strategies that Andrew discuss is in this video, your life as a forex or stock market trader should become much easier and more profitable to. If there is one thing that you take away from today’s article, it should be everything that Andrew discusses it within this video.

The Bottom Line on Bollinger Bands

Now that you know what Bollinger bands are, you got one more awesome indicator in your arsenal to evaluate price data, and therefore to place the best possible trades for the biggest profits.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!

Forex Trading Tips for Beginners

AndyLatest News / Latest News / NewsLeave a comment

Forex Trading Tips for Beginners

If you are a beginner trader, then chances are that you are going to lose a lot of trades, especially if you don’t know what you are doing. The simple reality is that Forex trading is not easy. It takes a lot of practice, skill, and knowledge to be successful in the world of currency trading. This is what we are here for today, to provide you with the most important Forex trading tips for beginners that you need to know.

Now, make no mistake about it, because it is of course important to know all about indicators and proven trading strategies, but it goes deeper than that. Or in other words, there are so many simple tips that beginners can follow to increase their chances of success.

 This is what we are here for today, to provide you with Forex trading tips that you can easily follow and adhere to as a beginner. These few simple tips that we are going to discuss should be more than enough to get you on the right track.

Forex trading Tips

Forex Trading Tips – DO NOT DO THIS!

What we want to do first is to talk about the biggest mistakes that newbie traders make, the mistakes that lead to consistent losses. These Forex trading tips are things that all newbies need to avoid doing at all costs.

Do Not Overtrade

When it comes to important Forex trading tips for newbies, refraining yourself from overtrading is one of the biggest ones of all. The problem with overtrading is that you end up having way too much on the go at once. As a newbie, keeping track of one or two trades is already hard enough, let alone four or five trades. Overtrading and placing tons of trades gets you nowhere if you can’t win individual trades.

Do Not Use Lower Time Frames

Another big mistake that so many newbie traders make is using very low or short time frames for trading. Sure, short time frames are great for pros who know what they are doing and know how to make quick money. However, if you are a newbie trader, then using short time frames is very hard. The reason for this is because short time frames, those charts, they don’t provide you with much info. Placing trades based on just a few minutes of past price movements is not easy. When it comes to Forex trading tips for newbies, those short time frames just aren’t worth it.

Do Not Attempt to Trade the News

Another thing that you need to realize is that trading based off of fundamental news is not easy. Sure, fundamental news analysis is an effective way to trade, but that said, if you are not super familiar with exactly how news events are going to affect future price movements, then it is just not worth it. Judging what the market will do based on some news event is really difficult. Until you have the necessary experience, this is best stayed away from.

Do Not Overcomplicate Trading Analysis

In terms of important Forex trading tips for beginners, one of the biggest things to realize is that you don’t need to overcomplicate things. You don’t need to start using four indicators at once and you don’t need to try and trade like a pro. If you don’t have the skills to execute super complicated trading strategies, then don’t bother. There are plenty of simple trading strategies out there that will do the trick just fine.

Do Not Lose Money Consistently

One of the biggest mistakes that all too many newbies make is to just keep losing money and not doing anything about it. Folks, if the way you are trading is resulting in lost money time and time again, then don’t just keep doing it and think that something is going to change on its own. If you don’t change your approach then your results won’t change either. Doing the same thing over and over again, while expecting different results is called insanity.

Forex Trading Tips – Do This

Now that we have talked about all of the biggest mistakes that Forex newbies need to avoid, let’s talk about the biggest Forex trading tips in terms of the most important things that you need to do in order to profit.

 

Do Learn to Trade First

In terms of important Forex trading tips for beginners, perhaps the most important thing you need to do is to learn how to trade. Folks, this is not something that you can just start doing and be successful at. It just doesn’t work that way. You need a good education. If you want to learn to trade Forex, what we recommend doing is joining the Income Mentor Box Day Trading Academy. It is at this time the highest rated Forex trading school out there.

Forex trading Tips - Income Mentor Box

Do Use Longer Timeframes

Another important tip to follow here is to stick with longer time frames. Try using at least one hour time frames, and preferably even longer. Generally speaking, predicting future price movements is much easier when you have a longer period of past information to work with.

VISIT ANDREW’S TRADING CHANNEL

Do Practice Your Skills First

The other thing that you definitely need to do, perhaps the biggest of all the Forex trading tips for beginners, is to actually practice your skills using a demo account. There are plenty of platforms and brokers out there that allow people to trade with demo accounts. These are live market accounts that use fake money. This way, you can practice your skills under real conditions without having to put real money on the line.

Forex Trading for Beginners

Folks, if you follow all of the Forex trading tips for beginners that we have provided you with here today, your chances of becoming a profitable Forex trader increase drastically. If you take a look at the tips that we have discussed above, you can see that they aren’t anything super groundbreaking or revolutionary. However, tips as simple as these can make a huge difference when it comes to making a successful start in the world of foreign currency trading.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!

RSI Indicator for Newbies

AndyLatest News / Latest News / NewsLeave a comment

RSI Indicator for Newbies

If you are planning to become a proficient Forex trader, then something that you need to know all about are indicators. Indicators are the most important tools used in trading Forex, stocks, crypto, and everything in between. One of the most important indicators for you to know is the RSI or Relative Strength Index.

For those of you who don’t know, indicators are the cornerstone of technical price analysis. In other words, indicators provide you with important information about past and current price movements. This should of course provide you with a good idea of what price movements in the near future look like. There are four types of indicators out there. These are trend, momentum, volatility, and volume indicators.

Momentum indicators are some of the most popular and useful, which is what the RSI or relative strength index is. What we want to do today is to provide you with some basic information on what the RSI is, how to use it, what it tells you, and more. Let’s get to it and help you trade using the relative strength index.

RSI

What is the RSI?

Ok, so as we have established by now, RSI stands for relative strength index. This is a special type of indicator that was first developed by J. Welles Wilder Jr, who then introduced it to the world in his 1978 book, New Concepts in Technical Trading Systems. Since then, it has quickly become a super popular technical analysis indicator, and for good reason, because it works.

Now, in terms of the four indicator types, the RSI or relative strength index, is a momentum indicator. In other words, it measures how strong or momentous recent price changes were. This is them used to see if a stock or other asset is overbought or oversold. Of course, if something is overbought or oversold, it provides you with valuable information on how to place a trade.

What you also need to know is that the RSI or relative strength index is displayed as an oscillator. This means that it moves or oscillates between values ranging from 0 to 100. It can therefore provide you with valuable information about the bullish or bearish momentum of an asset.

RSI

How to Interpret the Relative Strength Index

Now that you know what the RSI is and what it tells you, it’s also important for you to know how to interpret and read the relative strength index. Of course, if you cannot interpret what you see, then you cannot use it to place profitable trades. In order to use the relative strength index properly, there are just a few important things that you need to know.

So, when the RSI goes past the horizontal 30 level, it is generally a bullish sign, and when it goes below the 70 reference level, it is generally a bearish sign. To put it in simpler terms, if the RSI provides you with a reading of 30 or below, it is an indication that an asset is oversold and/or undervalued. When the relative strength index provides you with a reading of 70 or above, then an asset is becoming overvalued and/or overbought.

VISIT ANDREW’S TRADING CHANNEL

What you also need to know is that during a trend, the RSI can fall into a range or band. When there is an uptrend going on, the relative strength index will stay above 30 and should hit 70 quite often. If there is a downtrend in the works, the RSI should usually never exceed 70, and will often hit the 30 mark, or well below 30.

To provide you with an example, if there is a downtrend, and you see that the RSI does not reach 30 or below, and then also rallies at 70 or higher, it means that a downtrend has weakened and will likely reverse into an uptrend. The exact opposite is the case with an uptrend. Keep in mind that using both moving averages and trend lines is important when using the relative strength index indicator in this manner.

Drawbacks of the RSI

Just like any and every indicator out there, the RSI does also have some limitations that you will be faced with. The biggest issue with the relative strength index is that it can be difficult to separate false alarms and true reversal signals. To provide you with an example, a bullish crossover followed by a sudden decline in stock is a false signal.

What you also need to be aware of is that since this is a momentum indicator, it can stay in the oversold or overbought positions for quite some time after an asset has already achieved significant momentum in the opposite direction. For this reason, the RSI is usually the most useful in an oscillating market where an asset is alternative between bearish and bullish price movements.

Using the Relative Strength Index to Place Trades

Alright, so the fact of the matter is that there are many ways to trade with the RSI. Moreover, there are also many other indicators that you can use along with it. Now, we do really recommend watching the tutorial video that we have included here, because it provides you with perfect guidelines on how to use the RSI.

That said, the most important takeaway from this video is that you want to use support and resistance along with the relative strength index. This will help prevent false reversal signals from occurring, and it will also help you spot those reversal much easier.

For instance, if you see that an asset is undersold at the 30 line on the RSI, then you also want to look for major support lines. These support lines will indicate that a trend reversal is on the horizon and that an uptrend could soon begin. The same goes in the other direction.

Trading with the RSI – Final Thoughts

There you have it people, all of the basics that you need to know about this awesome RSI indicator. We definitely recommend watching all of the videos that we have included here today. Andrew does a great job at explaining exactly how to use the RSI indicator in a variety of ways.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

12 Candlestick Patterns You Need to Know

Fabian FabianLatest News / Latest News / NewsLeave a comment

12 Candlestick Patterns You Need to Know

As a proficient trader, something that you need to know all about are candlestick patterns. Now, we already did an article on candlestick patterns yesterday, but today we are here to provide you with a more in depth guide on the various patterns that you might come across.

Yesterday, we did a more general article on Candlestick charts and patterns, but today we want to help you familiarize yourself with the various patterns that you might see on those charts. Remember folks, it is very important that you are able to identify the various candlestick patterns out there, because they each signify something slightly different, and they each allow you to trade in a slightly different manner.

Remember, it’s all about being able to make as much profit in as little time as possible, and candlestick patterns are in great way for doing this. Let’s get to it and provide you with a list of all of the most important Candlestick patterns that you need to know about.

Candlestick Patterns

A Brief Introduction to Candlestick Charts

Before we start talking about the most common Candlestick patterns that you need to be familiar with let’s just give you a quick crash course on Candlestick charts and patterns. So can you stick charts are a visual representation of the emotion and sentiment that is currently happening in the market. In other words, these Candlestick charts provide you with a really easy way to see what a market trend is like, and moreover if there is a trend reversal on the horizon.

VISIT ANDREW’S TRADING CHANNEL

The two most important components of any candle stick chart are the bodies and the Wicks of the candles. If you can read the Wicks and the bodies of the candles in relation to the other candles on the chart, then you will start seeing these patterns, and based on these patterns you can then trade in specific ways. let’s move on and take a look at the most common Candlestick patterns that you may be faced with when taking a look at a Candlestick chart.

 

Bullish Candlestick Patterns

In case you didn’t know a bullish market is one where the prices are expected to rise. Bullish candlestick patterns may appear after a market downtrend, and they generally signal a reversal of the price movement from a downtrend to and uptrend. There are a variety of bullish candlestick patterns that you should absolutely know.

The Hammer

The hammer pattern features a green candle with short body and a long lower wick, and this is found at the bottom of a downtrend, with other green candles generally following. A hammer usually indicates that the word selling pressure throughout the day, but ultimately a strong buying pressure drove the price direction back up. Generally speaking, the color of the body of this candle can vary, but green hammers do usually indicate that there is a stronger bold market than red hammers.

Candlestick Patterns

The Inverse Hammer

A similar bullish candlestick pattern for the one we just looked at, the inverted hammer, is one that features a green candle that has a short body and a very long upper wick, along with a short lower wick. the inverse hammer pattern indicates that there is strong buying pressure followed by selling pressure that wasn’t strong enough to drive the market price down. This particular Candlestick pattern suggests that the buyers will soon again had control of the market.

Inverted Hammer

The Piercing Line

The piercing line is a very simple candlestick pattern that features just two candles, and this is made up out of one long red candle that is then followed by a long green candle. There’s usually also a pretty large gap between the closing price of the first candlestick and the opening of the next green candlestick. This particular pattern indicates that there is strong buying pressure, because the pressure is pushed upwards or above the mid price of the previous day.

Piercing Line

Bullish Engulfing

Another common bullish candlestick pattern is the bullish engulfing pattern, and this is formed by Two’s candlesticks. The first candlestick generally has a short red body that is completely engulfed by a much larger green candle. Although the second day generally opens lower than the first day, the bullish market then pushes the price upwards, which results in a win for the buyers.

Candlestick Patterns

Three White Soldiers

Here we have a very special candlestick pattern, one that keeps occurs over the period of three days. this particular pattern consists of three long green candles, all of which have small Wicks, and they all open and close progressively higher than the previous day. This is one of the strongest bullish candlestick patterns out there, and it occurs after a downtrend, and it shows that there is a steady advance of pressure from the buyers.

Three White Soldiers Pattern

The Morning Star

The 6th and final bullish candlestick pattern that we want to take a look at is the Morning star, and this is generally seen as a big sign of hope in a bleak market downtrend. This is a pattern that consists of three separate sticks, a short bodied candle that sits between a long red candle and a long green candle.

Usually, that star will not have an overlap with the longer bodies, because the market gaps both on open and close. Is generally signals that the selling pressure from the first date is reducing, and that the bull market is on the horizon.

Bearish Candlestick Patterns

Now that we have figured out what the most common bullish candlestick patterns aren’t, let’s take a closer look at some of the most common bearish candlestick patterns. Remember that these usually happen after a market uptrend, and signified that the market downtrend is on horizon.

The Shooting Star

The shooting star pattern actually has the same shape as the inverted hammer, but it’s a red candle instead of a green candle, and it’s formed in an uptrend, instead of a downtrend. This pattern features a small lower body, and along upper wick. Generally, you will see the market have a gap that is slightly higher on opening, and will then rally to an intraday high, before closing at a price that is just above the open, just like a star that is falling to the ground.

Candlestick Patterns

The Hanging Man

The next candlestick pattern that you should know about is the hanging man, and this is the bearish equivalent of the hammer. It has the same shape as the hammer but it forms at the end of an uptrend. This pattern indicates that there was significant selling during the day, but that buyers were then able to push the price back up. This large sell off is usually seen as a sign that the bulls are losing control of the market.

The Evening Star

One of the other most important bearish candlestick patterns that you need to know about is the evening star. This is a 3 candlestick pattern and it is the equivalent of the bullish Morningstar. This is a candle that is formed when there is a short candle that is stuck between a long green candle and a large red candle. Is generally indicates that there is a reversal of the uptrend, and that it’s particularly strong when the third candle erases all of the gains made by the first candle.

Bearish Engulfing

This particular pattern always happens at the end of an uptrend, and it is characterized by a first candle that has a small green body that is then completely engulfed by a long red candle. This generally signifies that there is a peak or a slowdown of the price movement, and that there is an impending downturn on the horizon. The lower the second candle goes, the stronger that new trend is going to be.

Candlestick Patterns

Dark Cloud Cover

The next bearish candlestick pattern that needs to know about is a dark cloud cover pattern. Here you will see two candlesticks, a red one that opens above the previous green body, and closes below the midpoint of the previous green candle. This signals that the bears have taken over the market, and the market and that the price is being pushed at lower. If the wicks of the candles are very short, it suggests that the next downtrend is going to be very strong.

Three Black Crows

The last candlestick pattern that we want to look at today is the three black crows pattern, and this consists of three consecutive long red candles, that have short or no wicks at all. Each of the sessions opens at a very similar price to the previous day, but the selling pressure pushes the price lower and lower with each of the next closes. This is generally seen as an interpretation that a bearish downtrend is about to start.

Candlestick Patterns

Candlestick Patterns – Final Thoughts

The bottom line here is that if you are able to identify these 12 candle stick patterns that we have talked about today, then your chances of becoming a profitable trader increase drastically.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!

The Candlestick Patterns Trading Guide

AndyLatest News / Latest News / NewsLeave a comment

The Candlestick Patterns Trading Guide

If you are just getting into the world of forex trading, then one of the things that you need to know all about are candlestick patterns. Candlestick patterns originated in the country of Japan well over 100 years ago before the western style bar and point-and-figure charts were invented.

In fact, these candlestick patterns were first invented in the 1700s by a Japanese man who saw that there was a link between price and the supply and demand of rice. One of the things that candlestick patterns aim to extrapolate is what the emotions of traders are like. anyway, we will get more into explaining these Candlestick patterns further below.

The point here is that Candlestick patterns are great analysis tools that you can use to place either buy or sell trades, as they show you whether or not there is bullish or bearish momentum in the market. What we are going to do today is to take a closer look at Candlestick patterns and see exactly what they are, how they work, and what the most important ones are that you need to know.

Candlestick Patterns

What are Candlestick Patterns?

In terms of what candlestick patterns actually are, they are at special type of chart that are used by many different traders to determine the possible price movements based on those past patterns. Candlestick patterns are extremely useful for trading because they provide you with a lot of information.

Technically speaking they provide you with four different pieces of information, including the open, that close, the high, and the low of a specific asset throughout a certain period of time like a trader has specified.

Candlestick Chart

The fact of the matter is that trading is more often than not dictated by emotion, even though it shouldn’t be, and this emotion can actually be read in those candlestick patterns. Due to the fact that these Candlestick patterns provide us with such a plethora of information, they are often seen as some of the most useful tools in all of trading.

Now, what can get a bit confusing is being able to identify a variety of Candlestick patterns as well as what they need. as you are about to find out further below, there are many different Candlestick patterns, both bearish and bullish comment and they all tell you something different. The trick is of course to be able to read these patterns and to therefore place trades based on what those patterns tell you.

The Components of Candlesticks

Something else that is definitely important for you to know here is what the different components of candlesticks are. So, once again, candlestick patterns show you the markets open, the high, low, and the closing price for the day. Now, a candlestick has a wide part, which is called the real body.

The real body represents the range of price between the open and the close for the day of trading. If this real body is filled in or totally black, it indicates that the close was lower than the open. However, if the real body is empty that means that the close was higher than the open. Moreover, the wicks of the candles indicate the low price of the day and the high price of the day.

What you need to know here is that when it comes to forex, stock market, commodities trading, and more, the fact of the matter is that these candlestick charts do provide you with more or less the same information as bar charts, but most people find that candlestick patterns are much easier to read than bar charts. In terms of identifying the candles, do keep in mind that most people will shade a down candle red instead of black, and up candles are often shaded green as opposed to white.

Candlestick Patterns

Pros & Cons of Candlestick Charts

Just like everything in trading, Candlestick charts do have both their pros and cons, so let’s take a look.

Pros

  • One big advantage is that most indicators work really well with this type of chart.
  • Candlestick patterns are very aesthetically pleasing and they’re easy to read. this is a very beginner friendly way of trading.
  • What also stands out is that candlestick charts are infinitely customizable, and a single candlestick can represent anytime period of any asset.
  • Candlestick patterns are also extremely accurate because they provide you with so many different types of information, including the highs, lows, opens, and closes inside a given time frame.
  • This is one of the best possible tools for identifying market sentiment and who is in control of the market.

Cons

  • One small disadvantage here is that candlestick charts do sometimes have gaps in them where one candle closes at a certain level but the following candle opens at a different level.
  • These patterns do also have a tendency to cause what is called apophenia, which is a cognitive bias where we see patterns and things that are actually random. Some people may actually see patterns where none exist.
  • Many people make the mistake of thinking that candlestick patterns are all that they need in order to trade accurately. The fact of the matter is that price data alone usually isn’t enough to provide you with enough reliable information to place trades. In other words, do so you have to use indicators.

VISIT ANDREW’S TRADING CHANNEL

Some Basic Candlestick Patterns

What we want to do now is to go over some of the most basic Candlestick patterns out there, and exactly what they needed. Remember folks, the trick to candlestick trading is that you actually need to be able to identify the various patterns that you may see within your charts.

Candlestick Patterns

Bearish Engulfing Pattern

One of the most basic Candlesticks that you may see is called the bearish engulfing pattern. The type of pattern that develops in an uptrend when there are more sellers than buyers. In this pattern, you will see a long red real body that engulfs a smaller green real body. This is a pattern that indicates that the sellers are back in control and the price could continue its decline.

Bullish Engulfing Pattern

On the other hand, we have the bullish engulfing pattern, which is when the buyers outnumber the sellers. In terms of the candlestick pattern, you will see a long green real body that engulfs a small red real body. This shows that the bulls have established a certain amount of control, and the price could continue to go up.

Candlestick Patterns – The Bottom Line

Today, we have provided you with a basic tutorial on candlesticks, but the fact of the matter is that there are of course dozens, if not hundreds of different patterns out there. Stay tuned and come back tomorrow, because we will be doing a part 2, where we will be talking about all of the most common candlestick patterns that you may encounter, and exactly what they mean.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

How to Start Forex Trading for Beginners

AndyLatest News / Latest News / NewsLeave a comment

How to Start Forex Trading for Beginners

If you are a beginner who is just getting into the world of forex trading, there are a lot of things that you need to learn in order to be successful. The fact of the matter is that forex trading is not easy, not in the least. It takes many different skill sets in order to be a successful trader in the world of foreign currencies.

Now, when you start trading, chances are that you probably don’t have very much capital despair. This means that every action you take is extremely important because the less money you have the bigger of an effect of losing or a winning trade has on your overall balance.

If you are just somebody who’s just starting trading, you probably have no idea what you are doing, and you have no idea where to start either. Today, we are here to look at one specific video that Andrew has uploaded on his trading channel, Andrew’s Trading Channel. This video is all about how to start forex trading for beginners, especially for those who don’t really have any money. Let’s get to it and teach you the fundamentals that you need to know as a beginner to start forex trading successfully.

How to Start Forex Trading

How to Start Forex Trading for Beginners

What we want to do right now is to talk about the tips and rules that Andrew provided you within this video, all of which are designed to help you start trading Forex as a beginner. We did expand on Andrew’s original video, but with that being said, all of the rules and tips that we are about to share are equally as important. Let’s go through a step-by-step tutorial on how to start trading forex successfully.

It All Starts with an Education

If you plan on being a successful forex trader, then perhaps the most important thing that you absolutely need to do is to go get yourself a forex trading education. The fact of the matter is that there are many different assets and things about forex trading that you need to know in order to be successful.

You need to know all about trading platforms, indicators, charting solutions, trading strategies, technical analysis, fundamental analysis, and much more. The fact of the matter is that it can take many weeks or even months to develop a full skill set that will allow you to be a successful foreign currency trader.

What we recommend doing is taking a look at the Income Mentor Box Day Trading Academy, which is at this time one of the most popular forex trading schools out there. Yes, this trading school is led and taught by none other than Andrew himself, and quite frankly, there is no one that we would rather be learning from than him.

Andrew is a fantastic trader and an even better teacher. The bottom line here is that if you want a chance of being successful in the world of foreign currency trading, then you absolutely need to have a good education.

Start Forex Trading

Try a Demo Account

If you want to start trading for it successfully, then another huge tip that you need to follow is to start using a demo account. Of course, when you first start trading, you are going to lose some trades. this is absolutely normal, especially as a new day trader who has never traded before. There is quite a bit of a learning curve involved here, and it will take a while for you to get over it.

However, just because there is a learning curve and just because you need to practice doesn’t mean that you need to risk real money. The reality is that every good trading platform and broker should come with a demo account option, which is a type of trading account that simulates real market conditions, and also uses real current market conditions, thus allowing you to trade without having to risk any real money.

It’s like a practice version or a trial version of the real thing, but one that is fully functional, and allows you to practice the most important skills. Never start trading with real money before you have spent at least a few days trading with some kind of demo account.

Practice Your Fundamentals

Another thing that you should familiar eyes yourself with if you plan to start forex trading, is fundamental news analysis. Fundamental analysis is one of the leading ways in which forex traders determine which trades to place at any given time.

Fundamental analysis involves analyzing various news events that are related to specific companies, national currencies, or companies, all of which can happen effect on the value of forex currency pairs, or on other assets as well.

You need to be able to use those economic calendars on investing.com, and you need to know what three bull news is all about too. The bottom line here is that if you want to start forex trading, then you absolutely need to know what fundamental analysis is and how to perform it as well.

How to Start Forex Trading

Practice Technical Analysis

if you are planning to start forex trading, then another very important thing that you need to be able to do is to perform technical analysis. Of course, there are literally hundreds of different indicators out there, and they all work in a slightly different way. This means that there are quite literally thousands of different trading strategies that you can utilize.

The bottom line here is that you need to familiarize yourself with the various types of indicators out there, which indicators work best for what trading situations, and what some of the best trading strategies out there are. If you already have a good trading strategy under your belt, your starting forex trading is going to be much smoother.

Practice Makes Perfect

In order to start forex trading successfully, the final recommendation that we want to leave you with today is that you should practice your trading skills for at least 21 days before you start trading with real money.

You can trade either on paper or you can use a demo account, but the bottom line is that you should find yourself being relatively successful when trading with fake money before you start trading with the real thing. There is absolutely no point to start forex trading with real money if you haven’t even been successful with fake demo money yet.

 

VISIT ANDREW’S TRADING CHANNEL

Start Forex Trading Today – Final Thoughts

If you follow the five steps that we outlined above, then your start to Forex trading should be quite smooth and successful. Remember folks, to start Forex trading successfully, having a good foundation of knowledge under your belt is crucial. 

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!