Psychological edge is huge when you want to participate in #crypto markets.✅✅✅ The profitable traders are able to control their emotions and STICK TO THEIR PLAN when the volatility comes in.📈📊📉 Trading Edge + Risk Management + Psychology = MASTERY For more insights, follow us at www.fb.com/ikigaitraders

In #crypto #trading or #investing, 80% is really PSYCHOLOGY and 20% is the system/edge. Huge part of the reason why so little survive and thrive in the markets is because the most of the basic fundamentals of it are --- Counter-intuitive.✅✅✅ When price is down, FEAR can take over.😱 When the price is up, GREED takes over.🤑 For more insights, follow us at www.fb.com/ikigaitraders

PSYCHOLOGY and MINDSET is very important in #crypto #trading and #investing.✅ Master your emotions, start being profitable.📊📈 For more crypto insights, follow us on www.fb.com/ikigaitraders

https://vocal.media/psyche/10-interesting-psychology-facts-about-girls

what do you know about forex? Forex, or foreign exchange, is a global decentralized market for trading currencies. It's the largest and most liquid financial market in the world, with an estimated daily trading volume of over $6 trillion. Forex trading involves buying one currency and selling another simultaneously, with the goal of making a profit from the exchange rate movements. The forex market is open 24 hours a day, five days a week, with trading sessions in major financial centers around the world, including New York, London, Tokyo, and Sydney. It's an over-the-counter (OTC) market, meaning that transactions are conducted directly between parties rather than on a centralized exchange. Forex trading can be done through a variety of methods, including spot trading, futures contracts, options, and exchange-traded funds (ETFs). Retail traders can access the forex market through online trading platforms and brokers, which provide tools for analysis, charting, and trading. However, forex trading involves significant risks and is not suitable for all investors. It's important to carefully consider your financial situation, goals, and risk tolerance before investing in the forex market. To be successful in forex trading, it's essential to have a good understanding of technical and fundamental analysis, risk management, and trading psychology. Many traders use a variety of strategies, including trend following, range trading, and breakout trading, to identify opportunities and manage risk. It's important to have a solid trading plan and to consistently follow it, as well as to continue learning and adapting to changes in the market.

develop a budget & day trading course for me Mr. computer!!! Sure, I can provide you with a general outline for developing a budget and day trading course: *Introduction to Budgeting and Day Trading: *Course objectives and overview Importance of budgeting and day trading Basic concepts and terminology Creating a Personal Budget: *Setting financial goals Tracking income and expenses Creating a budget plan Managing debt and savings Introduction to Day Trading: *What is day trading? Understanding the stock market Risks and rewards of day trading Different types of day trading strategies Technical Analysis for Day Trading: *Chart patterns and indicators Candlestick charts and trend analysis Moving averages and oscillators Trading psychology and discipline Fundamental Analysis for Day Trading: *Analyzing company financials and economic data News and events affecting the market Industry and sector analysis Understanding market sentiment and momentum Risk Management for Day Trading: *Setting stop-loss orders and risk limits Identifying and managing risk factors Portfolio diversification and asset allocation Hedging strategies and options trading Trading Platforms and Tools: *Popular trading platforms and software Charting and analysis tools Order types and execution Real-time data and news sources Putting It All Together: *Creating a personalized day trading plan Implementing a budgeting and trading routine Managing emotions and staying focused Developing a long-term trading strategy Conclusion and Resources: *Review of key concepts and takeaways Additional resources and recommended readings Continuing education and professional development opportunities This is just a general outline and you can modify and customize it based on your target audience and specific course goals. It's also important to ensure that you provide plenty of examples, case studies, and practical exercises throughout the course to help learners apply what they've learned in real-life situations.

Behavioral finance is a field of study that combines psychology and economics to better understand why individuals make certain financial decisions. It has been shown that emotions, biases, and heuristics can play a significant role in financial decision-making, often leading to suboptimal outcomes. Understanding these behavioral biases can help individuals make better financial decisions, leading to improved financial well-being and long-term success.

#SoMee Trading Tips -------------------- Psychology is just as important as technical analysis and edge specially in the crypto markets. Stay disciplined, manage risk, and keep emotions in check for long-term success in the markets. Consistency is everything.

My #AwesmeTutorialsContest Entry "Your only limitation is the one you set up in your own mind!” I first heard this #quote from the Season 1 Alone winner #AlanKay. Upon a bit of research it's attributed to a man named Napolean Hill. I myself have always viewed limits as self inflicted. I've acquired all the many skills I possess, because if I can take it apart, I can probably put it back together and maybe even better. Every day of my life I put these words of wisdom into practice and wish that all of humanity would do so as well. Fear is the beginning all the limits we set and every limit makes us more dependent or restrictive in our lives. I never want to lose my independence, nor do I want to live a restricted life. Napolean Hill has been called a failure and a conman, but he never quit trying and neither will I! #AwesmeTutorials #AwesmeContests #advice #philosophy #WordsToLiveBy #WordsAreNotWeapons #psychology #wisdom #insight #epiphany #Awesme

"Until it comes from Heaven, it is not enough to do everything that the kingdom of GOD wants done in the Earth" - "Really Telling It Like It Is" with Apostle Bacer J. Baker who is a Doctor in Psychology - You are Prosperity. Part 3 Broadcast on YouTube https://youtu.be/Ww0OnQPJGdQ

"The Tabernacle Being Lived Out... The Only Answer to World's Problems Today Are In THE KINGDOM, are in the Heavenly Realm" - "Tell It Like It Is: The Kingdom Way" Apostle Bacer J. Baker who is a doctor in psychology with her brother and Co-Host Apostle Calvin Cook - The Tabernacle Being Lived Out. Part 37. Broadcast on YouTube https://youtu.be/FHy928yVih0

My entry for the #Awesme Tutorials Advice to Live By #Contest The best advice or tip I have used in my life myself and taught my kids was one I believe I coined myself. It's, "Being an adult isn't about doing the tough things that you like or are good at, but doing what needs to be done, simply because it needs to be done." I guess other more well known or common uses would be to tell someone to "man-up" or as they say in the Southern U.S., "Cowboy/girl-up." The multi-skilled adult or even child in many cases from before the tech boom is becoming extinct. We used to do most everything we needed done ourselves, but as the consumer society becomes more ingrained, we tend to delegate many of the simple basics out to others. The average person I meet these days don't even know how to give their vehicles an oil change. It's a 20 minute job with little to no real skill needed, yet most will gladly pay someone else to do it. I find this to be disturbing. Basic skills are necessary for independence and freedom, yet so many prefer to rely on others. The kids today are even worse and it's only going to worsen. When you embrace the responsibility that you need to do it, regardless of whether you like the chore or not, you build character, responsibility, maturity, independence and more skills to increase that your worth. It's the attitude within in me, which resulted in this advice that I believe we need to preserve and teach to our kids. It also creates a defined line in the sand between adolescence and adulthood. It's obvious to many that age has little to do with defining one with the characteristics of being an adult. As a matter of fact, many adults would be not be considered as such when held to this standard. I think this is important, so that not only do our children learn the importance of hard work, but have a good gauge of what truly makes a good role model. Do it because it needs to be done, whether or not it's hard or that you are good at it. Please join to add some character to the feed. I look forward to see what advice makes each and every one of tic, because they all equally important. For more details check out this post; https://somee.social/posts/681182 #AwesmeTutorials #AwesmeContests #advice #philosophy #WordsToLiveBy #psychology #wisdom #insight #epiphany #ToughLove

My entry for the Awesme Tutorials Contest The best advice I ever received was given to me in two forms by two different cultures. The Westernized version is, "Practice makes perfect" and the Eastern version is, "repetition is the pathway to perfection." The latter was drilled into me by my #Hapkido instructor and the same goes for anyone who has taken #Karate. That's literally why they use #katas. Growing up you hear the former all the time. As kids, who are just learning anything that's hard and seeing others being good at it, they tend to envy natural ability, rather than finding the motivation to get better at all costs. I not only went through this, but saw my daughter and her friends go through it as well. The excuse is usually, " I'm just not good at that..." It was the latter that made me realize how difficult it is to translate a simple message into something our adolescents understand and take to heart. Only those with a competitive nature and a drive to win get it right away. It's those with little drive who won't get it until they are adults themselves, if at all. The key to drive this point home as a parent or role model lays within the saying itself; Repetition, repetition, repetition... You just need to keep driving the message and finding the right words to help them understand that this piece of wisdom goes beyond sports and is relevant throughout every facet of life. It took me a while to understand this and we cannot allow the succeeding generations to dilute it's meaning. Note- The image I used is a gif I made from an instructional video to teach myself #TaiChi. I broke it up into short pieces to make it easier to practice a piece at a time. I don't move to the next one until I have the preceding one down.I learned so much faster doing this. #Awesme #AwesmeTutorials #AwesmeContests #advice #philosophy #WordsToLiveBy #psychology #wisdom #insight #epiphany #contest #SoMeeContests #childhood

My entry for the #Awesme Tutorials 'Best Advice You Were Ever Given' #Contest One of the best pieces of advice I was given as a kid was, "Sticks and stones may break my bones, but names can never hurt me." I didn't realize the truth of this until I was much older, because those names certainly did seem to hurt. It was well after I matured before realizing that it was me who allowed those words to hurt me. The words themselves only have the power I give them. After becoming an adult the strength of this saying only became stronger and stronger. This is because before graduating from High School, where you are forced to be around the same kids everyday, there seems to be no escape. As an adult I realized that not only could I chose to or not to work around people like that, but I could also chose who I wanted in my life. It was then that I decided being popular and fitting in wasn't in my best interest and that letting people go made me so much happier. Words never hurt me again, because I realized the opinions of others don't matter and never did. It seems today that this powerful piece of advice has been corrupted and now society is filled with a new generation who thinks words are weapons and the decay of our society because of it is very noticeable. If you'd like to join in here's the link to the contest announcement. https://somee.social/posts/681182 #AwesmeTutorials #AwesmeContests #advice #philosophy #WordsToLiveBy #WordsAreNotWeapons #psychology #wisdom #insight #epiphany

There are 3 aspects related to successful trading: 1.- mindset: controlling your emotions and understanding the psychology of trading so you can remain level-headed and make good decisions 2.- precision: The closer you get to finding reversal or continuation points with your analysis, the better trades you can take. 3.- risk management: Maximizing profits with the lowest amount of risk possible is the key to staying in the game. Being laid out, the third one is the most important of them all. If you really understand how to manage your risk you can be profitable in your trading even without precision or the right mindset :flushed: Proper risk management also helps you keep emotions in control (big emotions are the clearest sign that you’re taking on too much risk). And it protects you from unexpected market moves or mistakes in your analysis. If I had to pick one of these skills to master, it would be risk management for sure. So that’s been my main focus for the past few months and I’m about to close my sixth month being profitable at trading. I’m also working on getting more precision with my analysis to keep boosting the profits and minimizing risks as much as possible. But as long as I limit my losses, I’m sure I’ll be able to remain profitable in perpetuity 🔥