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Lie detection in Trading
When driving, it is our true personality and our main essence that rules, and certainly not all of our behaviors on the streets and roads are coincidental, and this is us who wear masks in other situations of our lives, and we think our real selves are something else.
When we migrate from one city to another or from one country to another, after a while and beyond our control, we become who we were, while in the first days or maybe first months of moving, we had defined and created a special and new personality for ourselves. Some people present a different face when they enter a new environment such as school, university, military service, etc.
The same is true in the world of trading. The main character of people appears at the trading table and everything we are, vividly engages us. It is interesting that most of the time no one is with us. We are the final decision-maker, but we still struggle with some obstacles and we are not satisfied. In fact, the capital market is a wonderful lie detector that prints the essence of traders.
Assuming we were not patient in life and our decisions were always based on short-term reasons and without foresight, it will inevitably be the same when trading. we have always wanted to reach other people’s situations without trying to do so, which is considered jealousy, so when we look at charts, we give ourselves a hard time to be like others. We spent all our youth based on the words of others, so today, when checking the stocks, we wait for the opinions of others.
The times when we could not get rid of stress and always at the beginning and end of our small and large projects, fear and anxiety prevented us from taking logical steps and then reaching the right conclusion, will be the same when buying and selling in financial markets. When the problems of life take the peace and security out of our minds and we spend the night disturbed, we will certainly not be a good trader and the results of our trading on the stock exchange will be predetermined.
Contrary to many people’s beliefs, there is no way to do business in the stock market while we are lying to ourselves and trying to put an imaginary figure at the trading table. Remember that prices have no commitment to anyone, so first know yourself exactly. work on your weaknesses, then whenever you feel confident about yourself, maybe it’s the time to trade.
The biggest thing about becoming a good trader is that you always know you can do better than your performance. It does not matter how successful you are now, because you know how many times you have messed up!
In many other occupations, people are constantly covering up their mistakes. But as a trader you always have to face your mistakes. Because numbers never lie.
What is the best way to trade Bitcoin?
How to buy and sell Bitcoins?
Bitcoin trading has never been so popular worldwide. Maybe a few years ago Bitcoin mining was not so widespread in the world, but in today’s world, people are very interested in Bitcoin.
We have prepared this article to introduce unique trading strategies to interested people, both professional and novice, so that Bitcoin fans can earn money, so in this article, you will be introduced to some of the latest Bitcoin trading strategies.
Do you know that you can also make money from the downtrend of Bitcoin!
By looking at the Bitcoin price chart, it is clear that the price can also decrease; besides increasing. That means, instead of an uptrend; It sometimes has a downward trend, so we suggest that you experience Bitcoin trading on the Forex market chart to enjoy the unique benefits of this market, including the ability to view the current price and Bitcoin price chart. Another unique benefit you get is that you can also make money from Bitcoin price drops! This means that you can trade (SELL) and earn your profit when the bitcoin trend is declining.
This is one of the reasons for success of prosperous Bitcoin traders that may never be shared with others.
If you tend to make money from both the rise and fall of Bitcoin prices, we suggest that you set up a trading account at AMarkets Broker. One of the most important reasons for our offer to open an account with us is the speed of execution of trading orders that exactly a Bitcoin trader needs to execute trading strategies; and for traders living in Iran, the speed of transfer and ease of receiving Bitcoin trading profits is so important, that is why this brokerage has adopted the simplest methods for Iranians.
Holding strategy training
The term Hold or Holding was first coined in 2013 at the Bitcoin Talk Association. The word literally means to hold. But first we want to consider avoiding Holding in bearish markets.
The Holding Trading Strategy designer believes that traders who are new to the profession or unsure of their trading skills should close their Bitcoin Holdings in the opposite market and exit their trading positions, because not leaving losing positions is one of the fatal mistakes for a trader. By trading Bitcoins in the Forex market, you can easily consider a stop loss amount for your Bitcoin trades to prevent excessive losses.
In 2013, Bitcoin saw a rise of less than $15 per BTC at the beginning of the year but was more than 1.000% higher at the end of the year. Therefore, the term Hold has appeared in many cryptographic indices.
A simple example to better understand the Holding strategy:
You buy bitcoins and keep them hoping the price goes up again, so you can sell it at a huge profit.
Now by trading bitcoins in the Forex market, you can sell bitcoins when the price is dropping, and you will earn your profit.
This is the simplest strategy in business, but you have to manage your capital in such a way that you can enter a new trading position at different times and at different prices, and not invest all your money at one price. You have to place your orders in different prices step by step.
Therefore, if you decide to use a Holding strategy, it is better to consider the issues related to capital management before starting.
Learn the locking strategy
Have you ever heard of the term protection of your trades in the financial markets? This is exactly what this trading strategy is all about.
Since Bitcoin is volatile and trades are risky, it is always possible to lose money on trades in the short term. Therefore, it may be a good idea to open a position that reduces this risk.
You can have short-term sells, which means you can sell your Bitcoin with the expectation that the price will come down, so you can buy it again at a lower rate and at a higher profit.
Many traders borrow bitcoins from an intermediary, exchange them for stocks, and then repay the amount they borrowed. This is exactly what happens with bitcoin trading in the Forex market, you are given a leverage and with this credit, you can trade up to 10 times your capital in AMarkets brokerage. This is a golden rule and the key to the puzzle of how to make more profit in buying and selling bitcoins.
You can also protect your trades with CFDs, which are derivatives rather than real cryptocurrencies.
In this case, you keep your bitcoins in the hope that the price will rise in the long run, but open trades on the CFD that are subject to price reduction conditions. Whether the price actually goes up or down, your profit on Bitcoin or CFD compensate the other side, and this is a golden technique in the cryptocurrency market and the secret to making a profit from the bitcoin market.
Finally, you can protect your trades with Bitcoin futures. These are contracts between two parties that agree to trade bitcoin at a specific price on a specific future date. Whether the Bitcoin price goes up or down on that date, you trade and make a profit or a loss.
How does the Standard Deviation indicator work?
The Standard Deviation is a statistical term. Standard Deviation means how large digits are subtracted from the average. Subtraction is the difference between the actual value (final price) and the average value (average final price). The larger the difference between the final price and the average price, the higher the Standard Deviation. The opposite is also true, meaning that the closer the final prices are to the average price, the lower the Standard Deviation. So if the indicator volume is high, the market is volatile. If the indicator volume is not high, it means that the market is not volatile and prices are close to the Moving Average.
In the Forex market, you can use this indicator as part of your personal indicators and characteristics to trade.
By using this indicator, you can improve your analysis and gain more suitable positions in the market.
The most important economic events in the world
The average oil price in 2021 increases by about 60%.
The average oil price in 2021 is expected to be almost 60% higher than in 2020, reaching $65.68 a barrel, according to an International Monetary Fund (IMF) October report released on Tuesday.
Thus, the International Monetary Fund maintained its July forecast for an increase in oil prices in 2021.
According to the fund’s analysts, the price of oil in 2022 will reach $64.52 per barrel and will remain unchanged in the medium term.
The International Monetary Fund also announced that in 2021 oil prices will be 59% higher than the average of the previous year. In 2020, the average oil price reached $41.29 per barrel.
At the same time, the report’s authors believe that in the long run, prices will fall and will reach $56.3 a barrel in 2026.
The report also said that the factors that may contribute to the rise in oil prices in the short term are the decline in global oil production due to declining investment last year, as well as OPEC+ continued price support.
At the same time, the factors that could lead to lower prices may be the new corona wave and increased production by Iran, Libya and Venezuela, as well as the growth of shale oil production in the United States.
According to Reuters, while there are concerns that rising coal and natural gas prices in China, India and Europe will push up inflation, slow economic growth and reduce demand for oil, oil prices have slightly declined today.
The strengthening of the dollar, whose value has reached close to the highest levels of a recent year, has also been effective in lowering oil prices.
Brent North Sea crude fell 9 cents, or 0.11%, to $83.33 a barrel today, according to the report. US crude fell 11 cents, or 0.14%, to $80.53 today.
The International Monetary Fund (IMF) said yesterday that it had cut its forecast for economic growth in the United States and other major economies according to the concern of supply chain disruption and inflationary pressures.
Analysts at the Commonwealth Bank wrote, citing IMF concerns, that the growth of global economy has slowed down and feelings of uncertainty has increased.
But oil market observers continue to question whether rising gas and coal prices will lead to increased demand for petroleum products from power plants.
“The possibility that rising gas and coal prices are likely to increase demand for alternative fuels such as diesel and mazut (fuel oil) has been strengthened,” analysts at the NZ Institute wrote in a note.
The oil market is also waiting for the release of statistics on US crude oil reserves, which have been delayed by one day due to the closure in the United States on Monday.
Analysts polled by Reuters expect US crude reserves to rise by 100.000 barrels last week, if it happens it will be the third consecutive week in a row.
