There is no need to complicate things. Simple strategies are also good. Sometimes, they are even better. You will hear it often from professional traders. And what is the simple strategy? It is the one that does not require many additional factors. It is, for example, trading based on the colours of the candles. But of course, you have to understand how to read the colours in … [Read more...] about How to combine the Bollinger Bands with candle colours to get an effective trading strategy
Complicated does not mean good. Some are looking for the most demanding strategies, believing they are the most effective ones. But I ask what for? Why complicate a thing that can be easy. There are some really good strategies that are pretty simple and do not need further indicators. In addition, using an excessive number of indicators can distract your attention and you do … [Read more...] about How to trade 3 consecutive candles strategy at Olymp Trade
Many traders heard the stories about making 500% on a single transaction. Those who claim such a profit, do not tell all the truth. First of all, the profit you make is measured from your investment amount and not full account balance. Secondly, it is not possible to make 500% in one transaction simply because the payouts are limited to 60-95%. And this … [Read more...] about How to double a trading account. An exemplary plan.
Having a good money management strategy is essential in earning money through options trading. You need to focus on minimising losses and then on gaining profit. You will be left with some gains only when winning trades will exceed lost ones. And what to do when you experience a loss? You have to think about how to adjust to such a situation in order to protect the capital … [Read more...] about Is the Martingale Money Management Good for Trading Options?
There is a candlesticks pattern that is called the Three White Soldiers. It typically occurs when the strong downtrend is reversing into the strong uptrend. Today, I want to teach you some basic rules about trading with the three white soldiers pattern. How to recognise the three white soldiers candlesticks pattern As the name suggests, the pattern is formed by … [Read more...] about How to Identify and Trade the Three White Soldiers Candlestick Pattern at Olymp Trade