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How forex trading worksGoing long or short The main idea in forex is to buy a currency at a low price and sell it at a higher price. If you think the price of a currency rate will go up, you click buy (this is called going long), but if you think the rate will go down, you click sell (called going short). The process of going long is very simple. However, going short, in reality, is a bit more complex. Fortunately, the complexity is taken care of by automated trading systems. The shorting process happens like this:  The broker lends you the currency that you want to sell. When the price falls, you pay the broker back a lower price, thus making a profit on the difference. All you need to do is push a button and shorting happens automatically. What is being traded in forex? To be continued….stay stunned #HotTrends #CryptoEducation💡🚀 #forextrade #Forex #Write2Erarn

How forex trading works

Going long or short
The main idea in forex is to buy a currency at a low price and sell it at a higher price.

If you think the price of a currency rate will go up, you click buy (this is called going long), but if you think the rate will go down, you click sell (called going short).

The process of going long is very simple. However, going short, in reality, is a bit more complex. Fortunately, the complexity is taken care of by automated trading systems. The shorting process happens like this: 

The broker lends you the currency that you want to sell. When the price falls, you pay the broker back a lower price, thus making a profit on the difference.

All you need to do is push a button and shorting happens automatically.

What is being traded in forex?

To be continued….stay stunned
#HotTrends #CryptoEducation💡🚀 #forextrade #Forex #Write2Erarn
What Is Forex?Forex is short for "foreign exchange." There are multiple markets around the world that trade currencies. Forex is similar to what you do at the money changer at the airport, except on a bigger scale. Also, at the currency exchange points you always lose money, however, in forex trading, you have the chance to make a profit. Foreign exchange trading has many uses, and it's mainly used by companies that deal in multiple currencies and hedge against the risks of unfavorable currency rate movements. Contrary to what many beginners think, the individuals who speculate on the forex market make up the smallest part of the forex market. Just like stocks, the value of any particular currency changes over time against other currencies.  There are two ways to make money with forex trading: #1. Buy low and sell high (long trade) A “long” position means you are betting that the value of the asset will rise. #2. Sell high and buy low (short trade) A “short” position means you are betting that the value of the asset will decline. If you consider shorting stocks, keep in mind that shorting stocks is riskier than going long. Here's why: #1. Unlimited downside risk: When you go long on a stock, the most you can lose is 100% of your investment, but when you short a stock, there is no limit to how high the stock's price can go, and therefore, no limit to how much you can lose. #2. Forced buying: When shorting a stock, you are borrowing shares with the expectation that the price will fall. If the price of the stock instead rises, you may be forced to buy the shares at a higher price than you sold them in order to close out your short position, resulting in a loss. #3. Short squeeze: When a stock's price starts to rise, short sellers may be forced to buy shares in order to close out their short positions, which can push the stock's price even higher and cause short sellers to incur additional losses. #4. Leverage: Short selling involves borrowing shares to sell, which means you can control a large position with a relatively small amount of capital. However, this leverage also increases the potential for significant losses. This applies also to forex. How big is the forex market? The forex market is the world's largest, most liquid market, with a daily trading volume of over $5 trillion. The foreign exchange market is enormous even when compared to the biggest stock exchange markets. The most prominent players in the forex market You should know the big players in the forex market because they can crash or boost the currency rates with just one announcement in a press conference or one significant transaction. Can you name the heads of the biggest central banks? Pro traders closely follow the announcements and body language of G-7 officials. G-7 (Group of Seven) is a forum of the world's seven most developed economies: the U.S., Germany, the U.K., France, Japan, Canada, and Italy. The key people to follow and listen to from these countries are: Head of the central bank.Prime minister.President. #1. Governments and central banks The most significant players in the forex market are governments and central banks that buy and sell currencies to balance their nations' economic growth and price stability. The amount of money used by central banks is enormous, so their actions profoundly impact the currency markets. #2. Commercial and investment banks Big banks trade billions of dollars daily. They make transactions with each other, with their customers, or they themselves speculate on the forex market.  Here are some of the biggest banks in the world based on total assets: Industrial & Commercial Bank of China: $4.65 trillionJPMorgan Chase - $3.13 trillionMitsubishi UFJ Financial Group (Japan) - $3.1 trillionBank of America - $2.35 trillionWells Fargo - $1.95 trillionCitigroup - $1.91 trillionDeutsche Bank AG - 1.498 trillion EUR It's worth noting that the rankings of the largest banks can vary depending on the source and the criteria used to measure size. #3. Large corporations Large corporations control large amounts of money, so moving their assets in bulk can influence currency rates. For example, the Japanese yen collapsed when the biggest insurance companies in Japan started to move their assets out of the country because of the yen's decreasing value and interest rates. #4. Individual traders A single trader or hedge fund can control a significant chunk of a large company's stock, so the stock price can sink when he sells all his shares. However, the currency markets are so large that individual speculators can't influence currencies as easily as stock prices. There have been cases in history when sole traders have shaken whole economies with their forex trading. For example, George Soros played a crucial role in destabilizing the British pound back in 1992 when he shorted the pound and made about 1 Billion dollars in a day. But George's trades were an exception. Bottom line: Watch what the big institutions are doing, not what individual traders say.

What Is Forex?

Forex is short for "foreign exchange." There are multiple markets around the world that trade currencies.

Forex is similar to what you do at the money changer at the airport, except on a bigger scale. Also, at the currency exchange points you always lose money, however, in forex trading, you have the chance to make a profit.

Foreign exchange trading has many uses, and it's mainly used by companies that deal in multiple currencies and hedge against the risks of unfavorable currency rate movements.

Contrary to what many beginners think, the individuals who speculate on the forex market make up the smallest part of the forex market.

Just like stocks, the value of any particular currency changes over time against other currencies. 

There are two ways to make money with forex trading:

#1. Buy low and sell high (long trade)

A “long” position means you are betting that the value of the asset will rise.

#2. Sell high and buy low (short trade)

A “short” position means you are betting that the value of the asset will decline.

If you consider shorting stocks, keep in mind that shorting stocks is riskier than going long. Here's why:

#1. Unlimited downside risk: When you go long on a stock, the most you can lose is 100% of your investment, but when you short a stock, there is no limit to how high the stock's price can go, and therefore, no limit to how much you can lose.

#2. Forced buying: When shorting a stock, you are borrowing shares with the expectation that the price will fall. If the price of the stock instead rises, you may be forced to buy the shares at a higher price than you sold them in order to close out your short position, resulting in a loss.

#3. Short squeeze: When a stock's price starts to rise, short sellers may be forced to buy shares in order to close out their short positions, which can push the stock's price even higher and cause short sellers to incur additional losses.

#4. Leverage: Short selling involves borrowing shares to sell, which means you can control a large position with a relatively small amount of capital. However, this leverage also increases the potential for significant losses. This applies also to forex.
How big is the forex market?
The forex market is the world's largest, most liquid market, with a daily trading volume of over $5 trillion.

The foreign exchange market is enormous even when compared to the biggest stock exchange markets.

The most prominent players in the forex market
You should know the big players in the forex market because they can crash or boost the currency rates with just one announcement in a press conference or one significant transaction.

Can you name the heads of the biggest central banks?

Pro traders closely follow the announcements and body language of G-7 officials.

G-7 (Group of Seven) is a forum of the world's seven most developed economies: the U.S., Germany, the U.K., France, Japan, Canada, and Italy.

The key people to follow and listen to from these countries are:

Head of the central bank.Prime minister.President.

#1. Governments and central banks
The most significant players in the forex market are governments and central banks that buy and sell currencies to balance their nations' economic growth and price stability.

The amount of money used by central banks is enormous, so their actions profoundly impact the currency markets.

#2. Commercial and investment banks
Big banks trade billions of dollars daily. They make transactions with each other, with their customers, or they themselves speculate on the forex market. 

Here are some of the biggest banks in the world based on total assets:

Industrial & Commercial Bank of China: $4.65 trillionJPMorgan Chase - $3.13 trillionMitsubishi UFJ Financial Group (Japan) - $3.1 trillionBank of America - $2.35 trillionWells Fargo - $1.95 trillionCitigroup - $1.91 trillionDeutsche Bank AG - 1.498 trillion EUR

It's worth noting that the rankings of the largest banks can vary depending on the source and the criteria used to measure size.

#3. Large corporations
Large corporations control large amounts of money, so moving their assets in bulk can influence currency rates.

For example, the Japanese yen collapsed when the biggest insurance companies in Japan started to move their assets out of the country because of the yen's decreasing value and interest rates.

#4. Individual traders
A single trader or hedge fund can control a significant chunk of a large company's stock, so the stock price can sink when he sells all his shares.

However, the currency markets are so large that individual speculators can't influence currencies as easily as stock prices.

There have been cases in history when sole traders have shaken whole economies with their forex trading.

For example, George Soros played a crucial role in destabilizing the British pound back in 1992 when he shorted the pound and made about 1 Billion dollars in a day.

But George's trades were an exception.

Bottom line: Watch what the big institutions are doing, not what individual traders say.
6 Trading Benefits: Separating Facts from Fiction(part 2Is trading the best financial university? Myth: Embarking on a trading journey promises more than profits—it's an educational odyssey into the intricate world of finance and economics. Reality Check: ✅ This myth holds true. Delving into trading is essentially like signing up for an advanced course in the intricacies of market forces. You'll unravel the intricate tapestry woven by psychology, politics, mathematics, and statistics, revealing how they converge to pulse through the veins of the forex and stock markets. The deeper you dive, the clearer you see the interconnectedness of global events and market reactions. It's a continuous learning curve where each trading session not only enhances your expertise in the world of finance but also arms you with invaluable insights. This deepened understanding of market mechanics and economic principles will prove to be a powerful asset in any business endeavor you may pursue. 2. Can you trade from a hammock in Bali? Myth: Traders have the flexibility to operate from any location with an internet connection. You could live on a tropical island and trade from under a palm tree if you choose. Reality: ✅ This is true. You can trade from wherever, but there are exceptions. For example, you are likely to ruin your health if you try to trade stocks from Bali. Specific time zones may not be practical for certain assets, as they are traded at a time when it's night in your tropical location. We'll discuss this in more detail later. Additionally, trading from a hammock on the beach might not be a great idea. The sun reflections on your screen and sand on your keyboard aren't fun. You should better have a comfy chair in the shade or under an air conditioner. Bottom line: Successful traders can follow the sun and travel the world. Especially those who trade various forex pairs or cryptocurrencies. 3. Is trading the greatest challenge for curious minds? Myth: Trading is like the ultimate puzzle. The more you learn about the financial markets, the greater your chances of developing your pattern recognition skills. Reality: ✅ This is true. The financial market is a complex and ever-evolving puzzle that can never be fully solved. But as you progress, you will eventually start to understand the underlying correlations and key factors that drive the prices. Trading isn't solely a game of figures. It's about understanding the underlying currents of supply and demand, and identifying emerging trends before they fully manifest. The biggest profits are usually made by traders who take action before emerging trends are clear to the masses. As Warren Buffett has said: "Be fearful when others are greedy, and greedy when others are fearful." Imagine everyone is selling their houses and properties in a specific location because they think a market crash is coming, and they're doing it really cheap. If you know those properties will be loved again soon, you buy them now when they're cheap, and then when everyone else wants them back, you can trade or sell them for more than you paid. That's being "greedy" when others are "fearful." If everyone is rushing to buy a property in the same region because it's popular, you might wait because the price is probably too high—that's being "fearful" when others are "greedy." 4. Has trading become more affordable? Myth: Not long ago trading was a game for high-net-worth individuals. You needed to have a 5-digit trading account to start trading. It's said that those days are long gone, with the digital revolution slashing the once-prohibitive price of entry. Reality: ✅ This theory is confirmed. The landscape of trading has undergone a big shift, thanks in part to the tech boom and a fiercely competitive brokerage market. In the past, brokers charged a commission of around $50 for opening and closing a trade. With the arrival of Robinhood, eToro, IG, and other low-cost brokers, the commissions started decreasing across all brokers. Nowadays, a trader can often execute the same action for the cost of a coffee, or even at no cost at all for certain assets. This democratization of the markets means that trading is no longer just the playground of the affluent but is accessible to anyone. It's a new era where the financial barriers to entry are crumbling, making the markets a more inclusive arena for aspiring traders everywhere. 5. Does forex offer the biggest bang for the buck? Theory: Due to the high leverage, the forex market offers the biggest gain potential if the trade goes well. Leverage in trading is like using a slingshot to amplify your throwing power; it allows you to control a large trade with a relatively small amount of money, much like putting down a small deposit to take a much larger position in the market. If your trade prediction is correct, you could see substantial profits from this magnified position. However, just as a slingshot can snap back if not handled carefully, leverage can also lead to larger losses if the market moves against you. Reality: ✅ Indeed, forex does offer some of the best maximum leverages. (The crypto market offers even bigger average leverages, but crypto is much more risky, making it twice as sketchy). For example, in stock trading, the maximum leverage usually is just 1:5. In forex, the typical maximum leverage is 1:30. What does it mean? It means that you can make 6 times bigger gains with forex if the trades go as planned. With a leverage of 1:30, a trader who deposits $1,000 can trade with $30,000 ($100 x 30). At the end of the day, having the option to multiply your profits is one of the key factors that attract many people to forex trading. 6. Can you trade Forex even during a crisis? Theory: The claim is that forex trading is immune to economic downturns. Whether the markets are surging or in a slump, it's said that there are always opportunities to profit. Reality: ✅ There's truth to this. Forex trading is unique in that it's a zero-sum game — for every currency weakening, another is strengthening. Since currencies are traded in pairs, a decline in one is simultaneously a gain for the other. In times of economic turmoil, while other markets may stall — real estate might see a halt in sales, stock investments may dwindle, and small businesses could close — forex trading often remains robust in terms of opportunities. This resilience stems from the ability to bet on currencies falling (shorting) just as readily as betting on them climbing (going long). Bottom line: In the forex world, a crisis doesn't necessarily spell disaster; it can be just another day at the office, presenting as many opportunities as a rising market. ⚡ Main takeaway ⚡ Trading, often romanticized as a path to financial independence, is a domain where only the persistent and prudent can truly excel. This exploration has debunked common trading myths, highlighting that while the barriers to entry are lower than ever, the barriers to consistent profit remain high. The digital age has indeed made trading more accessible, but it hasn't simplified the market's complexities. Success in trading requires more than just access; it demands strategic insight, emotional control, and a commitment to lifelong learning. For those ready to step into the trading arena, it's crucial to start on solid ground. A demo account is your sandbox for strategy development and psychological preparation. And when you're ready to transition to real-world trading, partnering with a reputable and regulated broker can make all the difference. If you're looking to embark on this journey, our favorite recommended broker offers an award-winning platform and customer service for beginner traders. #forextrading #CryptoNews🚀🔥 #Write2Erarn #CryptoEducation💡🚀 #Forex $BTC $ETH $SOL

6 Trading Benefits: Separating Facts from Fiction(part 2

Is trading the best financial university?

Myth: Embarking on a trading journey promises more than profits—it's an educational odyssey into the intricate world of finance and economics.

Reality Check: ✅ This myth holds true. Delving into trading is essentially like signing up for an advanced course in the intricacies of market forces.

You'll unravel the intricate tapestry woven by psychology, politics, mathematics, and statistics, revealing how they converge to pulse through the veins of the forex and stock markets.

The deeper you dive, the clearer you see the interconnectedness of global events and market reactions.

It's a continuous learning curve where each trading session not only enhances your expertise in the world of finance but also arms you with invaluable insights.

This deepened understanding of market mechanics and economic principles will prove to be a powerful asset in any business endeavor you may pursue.

2. Can you trade from a hammock in Bali?
Myth: Traders have the flexibility to operate from any location with an internet connection. You could live on a tropical island and trade from under a palm tree if you choose.
Reality: ✅ This is true. You can trade from wherever, but there are exceptions.
For example, you are likely to ruin your health if you try to trade stocks from Bali.
Specific time zones may not be practical for certain assets, as they are traded at a time when it's night in your tropical location. We'll discuss this in more detail later.
Additionally, trading from a hammock on the beach might not be a great idea.
The sun reflections on your screen and sand on your keyboard aren't fun. You should better have a comfy chair in the shade or under an air conditioner.
Bottom line: Successful traders can follow the sun and travel the world. Especially those who trade various forex pairs or cryptocurrencies.
3. Is trading the greatest challenge for curious minds?
Myth: Trading is like the ultimate puzzle. The more you learn about the financial markets, the greater your chances of developing your pattern recognition skills.
Reality: ✅ This is true. The financial market is a complex and ever-evolving puzzle that can never be fully solved.
But as you progress, you will eventually start to understand the underlying correlations and key factors that drive the prices.
Trading isn't solely a game of figures.
It's about understanding the underlying currents of supply and demand, and identifying emerging trends before they fully manifest.
The biggest profits are usually made by traders who take action before emerging trends are clear to the masses.
As Warren Buffett has said: "Be fearful when others are greedy, and greedy when others are fearful."
Imagine everyone is selling their houses and properties in a specific location because they think a market crash is coming, and they're doing it really cheap.
If you know those properties will be loved again soon, you buy them now when they're cheap, and then when everyone else wants them back, you can trade or sell them for more than you paid.
That's being "greedy" when others are "fearful."
If everyone is rushing to buy a property in the same region because it's popular, you might wait because the price is probably too high—that's being "fearful" when others are "greedy."
4. Has trading become more affordable?
Myth: Not long ago trading was a game for high-net-worth individuals.
You needed to have a 5-digit trading account to start trading. It's said that those days are long gone, with the digital revolution slashing the once-prohibitive price of entry.
Reality: ✅ This theory is confirmed.
The landscape of trading has undergone a big shift, thanks in part to the tech boom and a fiercely competitive brokerage market.
In the past, brokers charged a commission of around $50 for opening and closing a trade.
With the arrival of Robinhood, eToro, IG, and other low-cost brokers, the commissions started decreasing across all brokers.
Nowadays, a trader can often execute the same action for the cost of a coffee, or even at no cost at all for certain assets.
This democratization of the markets means that trading is no longer just the playground of the affluent but is accessible to anyone.
It's a new era where the financial barriers to entry are crumbling, making the markets a more inclusive arena for aspiring traders everywhere.
5. Does forex offer the biggest bang for the buck?
Theory: Due to the high leverage, the forex market offers the biggest gain potential if the trade goes well.
Leverage in trading is like using a slingshot to amplify your throwing power; it allows you to control a large trade with a relatively small amount of money, much like putting down a small deposit to take a much larger position in the market. If your trade prediction is correct, you could see substantial profits from this magnified position. However, just as a slingshot can snap back if not handled carefully, leverage can also lead to larger losses if the market moves against you.
Reality: ✅ Indeed, forex does offer some of the best maximum leverages. (The crypto market offers even bigger average leverages, but crypto is much more risky, making it twice as sketchy).
For example, in stock trading, the maximum leverage usually is just 1:5.
In forex, the typical maximum leverage is 1:30.
What does it mean? It means that you can make 6 times bigger gains with forex if the trades go as planned.
With a leverage of 1:30, a trader who deposits $1,000 can trade with $30,000 ($100 x 30).
At the end of the day, having the option to multiply your profits is one of the key factors that attract many people to forex trading.
6. Can you trade Forex even during a crisis?
Theory: The claim is that forex trading is immune to economic downturns. Whether the markets are surging or in a slump, it's said that there are always opportunities to profit.
Reality: ✅ There's truth to this.
Forex trading is unique in that it's a zero-sum game — for every currency weakening, another is strengthening.
Since currencies are traded in pairs, a decline in one is simultaneously a gain for the other.
In times of economic turmoil, while other markets may stall — real estate might see a halt in sales, stock investments may dwindle, and small businesses could close — forex trading often remains robust in terms of opportunities.
This resilience stems from the ability to bet on currencies falling (shorting) just as readily as betting on them climbing (going long).
Bottom line: In the forex world, a crisis doesn't necessarily spell disaster; it can be just another day at the office, presenting as many opportunities as a rising market.
⚡ Main takeaway ⚡
Trading, often romanticized as a path to financial independence, is a domain where only the persistent and prudent can truly excel.
This exploration has debunked common trading myths, highlighting that while the barriers to entry are lower than ever, the barriers to consistent profit remain high.
The digital age has indeed made trading more accessible, but it hasn't simplified the market's complexities. Success in trading requires more than just access; it demands strategic insight, emotional control, and a commitment to lifelong learning.
For those ready to step into the trading arena, it's crucial to start on solid ground. A demo account is your sandbox for strategy development and psychological preparation.
And when you're ready to transition to real-world trading, partnering with a reputable and regulated broker can make all the difference.
If you're looking to embark on this journey, our favorite recommended broker offers an award-winning platform and customer service for beginner traders.

#forextrading #CryptoNews🚀🔥 #Write2Erarn #CryptoEducation💡🚀 #Forex $BTC $ETH $SOL
5 Trading Benefits: Separating Facts from Fiction (Part 1)You've probably heard the stories of traders turning a few hundred dollars into millions and saying goodbye to the 9-to-5 rat race, right? Let's put those claims under the microscope. We're about to dive into the 5 most talked-about trading benefits. Armed with a no-nonsense approach and expert insights, we'll guide you through the reality behind each one, allowing you to make an informed decision about your trading journey. #1. Can you ditch the 9-to-5 rat race and become your own boss? Myth: The trading lifestyle is often sold as an escape from the hassles of traditional employment. It suggests a life where you're the boss, free from pointless meetings, reports, micromanagement, and the daily grind with annoying managers. But how much of this is reality, and how much is just wishful thinking? Reality check: Just like in any other endeavor, financial freedom is attainable - but only if you manage to become consistently successful. And the emphasis is on consistency. Because it's possible to get a few lucky trades even without much preparation, however, those are the exceptions, not the rule. So, what's the likelihood of making it as a successful trader, and what's the stress level involved in keeping up the wins? Unfortunately, the statistics reveal that the average beginner will not make it. Why? Primarily because novices are expecting to quickly duplicate their deposit, but that's not how trading works. Trading is not a quick shortcut to financial independence but a calculated, often very stressful pursuit. And regarding consistent profitability? It's a challenging feat, especially in the highly unpredictable world of day trading. The high stress of trading is one of the reasons why many traders eventually gravitate towards long-term trading or value investing. By doing so they seek to profit not only from the rise of their asset's price but also from the predictable dividends from blue-chip companies like Coca-Cola, IBM, IT&T, etc. #2. Is trading a dream job for introverts? Myth: If you're someone who hates small talk by the coffee machine and the thought of networking events sends shivers down your spine, trading might seem like your ticket to professional peace. No forced interactions and no office drama. Just a quiet space where the only conversation is between you and the charting candlesticks. Reality: ✅ Trading is indeed a solitary discipline and seasoned traders get to enjoy the peaceful serenity where charts and numbers become their silent partners. The markets offer a complex puzzle that introverts can solve in tranquility, where success is measured by strategic thinking, and discipline and not by one’s social calendar. Here's the but: While trading can offer an escape from workplace chatter, it's rarely as calm as you might think. In times of market turmoil and losses, facing the market's unpredictability without the comfort of a colleague or partner can create a heavy mental burden. However, this is a universal principle – much like other pursuits, you must choose between the solidarity of a team effort and the independence of a solitary endeavor.  Rarely can one enjoy the full benefits of both simultaneously. It all depends on your preference and personality. #3. Can you trade in your underwear? Picture this: Trading from the comfort of your home, no dress code, no commute with traffic jams. Just you and the markets.  It's a far cry from the old image of traders in blue suits, running around the trading rooms full of other traders screaming into their wired telephones. Today's technology has democratized the trading floor, allowing anyone with an internet connection to participate, regardless of attire or background. Reality Check: ✅ This is as true as it gets. The digital age has leveled the playing field. You can indeed trade in your pajamas if you wish. The markets don't care about your outfit; they respond to savvy decisions and strategic moves. So, whether you're in a three-piece suit or lounging in your underwear, the potential for profit remains the same. The transformation from exclusive to inclusive means trading is now accessible to all, breaking down barriers that once made the financial world seem out of reach for the average person. However, remember that while your attire won't impact your trades, your mindset and discipline will. The freedom of a dress code-less profession comes with the responsibility of self-management. Bottom line: The market is your arena, and your success is defined by your skill, not your suit. #4. Master of your time or slave to the market? Myth: Imagine a life where your day's schedule is entirely up to you. Fancy a mid-week trip to the mountains? Or perhaps a spontaneous round of golf on a Tuesday?  They say that as a trader, you're not shackled to the typical workday structure. Is it true that with a well-placed stop-loss, you're free to step away from the screens and bask in the luxury of leisure, on your terms? Reality Check: ❌ The reality of trading is a tale of two rhythms. Day trading is a high-paced endeavor that often chains traders to their screens, demanding their unwavering attention throughout the trading hours. The stress of day trading can be relentless, often surpassing the pressures of a traditional job. After the market's closing bell, there's not much relaxation as the day's trades must be analyzed to prepare for the next day's challenges. On the flip side, swing trading (trades held for several days) and other longer-term strategies offer more breathing room. These traders enjoy greater freedom, as their methods don't require such constant market monitoring. They can set their trades and step away, allowing them to engage in other activities, knowing their positions are held over a longer period. This approach aligns more closely with the ideal of trading flexibility, offering a more balanced lifestyle for those who are not looking for the minute-by-minute thrill of day trading. #5. No machinery and no employees to manage? Theory: Imagine a venture with no need for a physical storefront, no complex equipment, and zero staff management headaches. That's the streamlined vision of trading that attracts many newcomers. Reality: ✅ This one's spot-on. In the digital age of trading, your entire operation can be as minimal as a reliable laptop and a solid internet connection. The absence of traditional business overheads is one of the genuine perks of trading. You can operate from anywhere, without the logistical and financial burdens of managing staff or maintaining machinery. #MythAI #CryptocurrencyAdventures #ETH #HotTrends #Forex $XRP $BTC

5 Trading Benefits: Separating Facts from Fiction (Part 1)

You've probably heard the stories of traders turning a few hundred dollars into millions and saying goodbye to the 9-to-5 rat race, right?

Let's put those claims under the microscope.

We're about to dive into the 5 most talked-about trading benefits.

Armed with a no-nonsense approach and expert insights, we'll guide you through the reality behind each one, allowing you to make an informed decision about your trading journey.

#1. Can you ditch the 9-to-5 rat race and become your own boss?

Myth: The trading lifestyle is often sold as an escape from the hassles of traditional employment. It suggests a life where you're the boss, free from pointless meetings, reports, micromanagement, and the daily grind with annoying managers.

But how much of this is reality, and how much is just wishful thinking?

Reality check: Just like in any other endeavor, financial freedom is attainable - but only if you manage to become consistently successful. And the emphasis is on consistency. Because it's possible to get a few lucky trades even without much preparation, however, those are the exceptions, not the rule.

So, what's the likelihood of making it as a successful trader, and what's the stress level involved in keeping up the wins?

Unfortunately, the statistics reveal that the average beginner will not make it.

Why?

Primarily because novices are expecting to quickly duplicate their deposit, but that's not how trading works. Trading is not a quick shortcut to financial independence but a calculated, often very stressful pursuit.

And regarding consistent profitability?

It's a challenging feat, especially in the highly unpredictable world of day trading.

The high stress of trading is one of the reasons why many traders eventually gravitate towards long-term trading or value investing.

By doing so they seek to profit not only from the rise of their asset's price but also from the predictable dividends from blue-chip companies like Coca-Cola, IBM, IT&T, etc.

#2. Is trading a dream job for introverts?

Myth: If you're someone who hates small talk by the coffee machine and the thought of networking events sends shivers down your spine, trading might seem like your ticket to professional peace.

No forced interactions and no office drama. Just a quiet space where the only conversation is between you and the charting candlesticks.

Reality: ✅ Trading is indeed a solitary discipline and seasoned traders get to enjoy the peaceful serenity where charts and numbers become their silent partners.

The markets offer a complex puzzle that introverts can solve in tranquility, where success is measured by strategic thinking, and discipline and not by one’s social calendar.

Here's the but: While trading can offer an escape from workplace chatter, it's rarely as calm as you might think.

In times of market turmoil and losses, facing the market's unpredictability without the comfort of a colleague or partner can create a heavy mental burden.

However, this is a universal principle – much like other pursuits, you must choose between the solidarity of a team effort and the independence of a solitary endeavor. 

Rarely can one enjoy the full benefits of both simultaneously. It all depends on your preference and personality.

#3. Can you trade in your underwear?

Picture this: Trading from the comfort of your home, no dress code, no commute with traffic jams. Just you and the markets. 

It's a far cry from the old image of traders in blue suits, running around the trading rooms full of other traders screaming into their wired telephones.

Today's technology has democratized the trading floor, allowing anyone with an internet connection to participate, regardless of attire or background.

Reality Check: ✅ This is as true as it gets. The digital age has leveled the playing field. You can indeed trade in your pajamas if you wish.

The markets don't care about your outfit; they respond to savvy decisions and strategic moves.

So, whether you're in a three-piece suit or lounging in your underwear, the potential for profit remains the same.

The transformation from exclusive to inclusive means trading is now accessible to all, breaking down barriers that once made the financial world seem out of reach for the average person.

However, remember that while your attire won't impact your trades, your mindset and discipline will.

The freedom of a dress code-less profession comes with the responsibility of self-management.

Bottom line: The market is your arena, and your success is defined by your skill, not your suit.

#4. Master of your time or slave to the market?

Myth: Imagine a life where your day's schedule is entirely up to you.

Fancy a mid-week trip to the mountains? Or perhaps a spontaneous round of golf on a Tuesday? 

They say that as a trader, you're not shackled to the typical workday structure.

Is it true that with a well-placed stop-loss, you're free to step away from the screens and bask in the luxury of leisure, on your terms?

Reality Check: ❌ The reality of trading is a tale of two rhythms. Day trading is a high-paced endeavor that often chains traders to their screens, demanding their unwavering attention throughout the trading hours.

The stress of day trading can be relentless, often surpassing the pressures of a traditional job.

After the market's closing bell, there's not much relaxation as the day's trades must be analyzed to prepare for the next day's challenges.

On the flip side, swing trading (trades held for several days) and other longer-term strategies offer more breathing room.

These traders enjoy greater freedom, as their methods don't require such constant market monitoring.

They can set their trades and step away, allowing them to engage in other activities, knowing their positions are held over a longer period.

This approach aligns more closely with the ideal of trading flexibility, offering a more balanced lifestyle for those who are not looking for the minute-by-minute thrill of day trading.

#5. No machinery and no employees to manage?

Theory: Imagine a venture with no need for a physical storefront, no complex equipment, and zero staff management headaches. That's the streamlined vision of trading that attracts many newcomers.

Reality: ✅ This one's spot-on. In the digital age of trading, your entire operation can be as minimal as a reliable laptop and a solid internet connection.

The absence of traditional business overheads is one of the genuine perks of trading.

You can operate from anywhere, without the logistical and financial burdens of managing staff or maintaining machinery.

#MythAI #CryptocurrencyAdventures #ETH #HotTrends #Forex $XRP $BTC
Lesson 4: How much money can you make from trading?Before you start dreaming about any potential gains, it's important to remember that, on average, more than 80% of traders lose their money. Furthermore, you should understand a popular mistake that most beginners make. Many beginner traders try to get rich from one grand trade or a few lucky trades. But that's not how trading works. And that's one of the reasons why the majority of beginner traders lose their money. A more realistic daily gain goal is around 1% of your account size. So, if you put $1,000 in your account, you could aim to gain around $10 per day.  If you have a $10,000 account, then you could try to aim for a profit of $100 per day. ... and so on. Remember that these are realistic numbers only for traders who know what they're doing. Also, remember that if you make multiple trades per day, a big part of your profits might get eaten by the spread commissions. Thus it's very important to choose a broker with low spreads. According to the latest comparisons, one of the regulated brokers with the lowest spreads is This Broker Platform. They offer up to 20% lower spreads on EUR/USD vs other top brokers like Forex.com, or TD Ameritrade. Hmm.... $10 profit per day with a $1,000 investment? You might be thinking that it's not much. Actually, it's a LOT if you understand the power of COMPOUND INTEREST. The secret formula to trading success If there is a secret formula to trading (besides learning and practicing hard), it's this:  SUCCESS = COMPOUND INTEREST + DISCIPLINE. 1% daily earnings might sound small at first, but it adds up over time if you keep compounding the profits and growing your account. For example, let's imagine that you deposit $1,000 in your account. As you can see in the visualization below, 1% daily compound interest from $1,000 would result in total earnings of $12,290.99 in one year. Of course, this is just to illustrate the idea of compound interest. You would have to trade consistently every working day to achieve such a result, which is not very realistic for most people. But you can always increase your account size if you're doing good and also go full-time into trading, so it's not impossible to reach and even beat this hypothetical target. Theoretically, if you'd start with $30k, then the 1% daily compound interest could result in total earnings of more than $368k in a year. However, if you are expecting much bigger and faster gains, you will put too much in a single trade and most likely quickly blow your account.  Even if you traded every day, aiming for 1% daily will never go smoothly, of course. You’ll have +3% days and -2% days, etc.  But! This approach provides a more structured and sustainable perspective to trading. It also gives you a target to strive for. "Compound interest is the eighth wonder of the world. He who understands it - earns it.He who doesn't - pays it."Albert Einstein Intermediate traders often make bigger gains at the beginning of a trading session when the markets are more active and then lose a big part or all their profits later in the day due to lower trading volume or overtrading. Best traders try to hit their daily goal and then shut down their computers and go outside to clear their minds and reset for the next day. #HotTrends $BTC #ETH $ETH #CryptoEducation💡🚀 #Write2Erarn #NigeriaCrypto

Lesson 4: How much money can you make from trading?

Before you start dreaming about any potential gains, it's important to remember that, on average, more than 80% of traders lose their money.

Furthermore, you should understand a popular mistake that most beginners make.

Many beginner traders try to get rich from one grand trade or a few lucky trades.

But that's not how trading works. And that's one of the reasons why the majority of beginner traders lose their money.

A more realistic daily gain goal is around 1% of your account size.

So, if you put $1,000 in your account, you could aim to gain around $10 per day. 

If you have a $10,000 account, then you could try to aim for a profit of $100 per day.

... and so on.

Remember that these are realistic numbers only for traders who know what they're doing.

Also, remember that if you make multiple trades per day, a big part of your profits might get eaten by the spread commissions.

Thus it's very important to choose a broker with low spreads. According to the latest comparisons, one of the regulated brokers with the lowest spreads is This Broker Platform. They offer up to 20% lower spreads on EUR/USD vs other top brokers like Forex.com, or TD Ameritrade.

Hmm.... $10 profit per day with a $1,000 investment?

You might be thinking that it's not much.

Actually, it's a LOT if you understand the power of COMPOUND INTEREST.

The secret formula to trading success

If there is a secret formula to trading (besides learning and practicing hard), it's this: 

SUCCESS = COMPOUND INTEREST + DISCIPLINE.

1% daily earnings might sound small at first, but it adds up over time if you keep compounding the profits and growing your account.

For example, let's imagine that you deposit $1,000 in your account.

As you can see in the visualization below, 1% daily compound interest from $1,000 would result in total earnings of $12,290.99 in one year.

Of course, this is just to illustrate the idea of compound interest. You would have to trade consistently every working day to achieve such a result, which is not very realistic for most people.

But you can always increase your account size if you're doing good and also go full-time into trading, so it's not impossible to reach and even beat this hypothetical target.

Theoretically, if you'd start with $30k, then the 1% daily compound interest could result in total earnings of more than $368k in a year. However, if you are expecting much bigger and faster gains, you will put too much in a single trade and most likely quickly blow your account. 

Even if you traded every day, aiming for 1% daily will never go smoothly, of course. You’ll have +3% days and -2% days, etc. 

But! This approach provides a more structured and sustainable perspective to trading.

It also gives you a target to strive for.
"Compound interest is the eighth wonder of the world. He who understands it - earns it.He who doesn't - pays it."Albert Einstein

Intermediate traders often make bigger gains at the beginning of a trading session when the markets are more active and then lose a big part or all their profits later in the day due to lower trading volume or overtrading.

Best traders try to hit their daily goal and then shut down their computers and go outside to clear their minds and reset for the next day.

#HotTrends $BTC #ETH $ETH #CryptoEducation💡🚀
#Write2Erarn #NigeriaCrypto
Lesson 3: How to Become a Good TraderTrading is not a get-rich-quick scheme. If you are looking for something that will make you rich quickly, then you should NOT even think about trading. “To become a decent trader, you need to master fundamental analysis, technical analysis, and risk management. It usually takes years.” Also, you need to learn how to handle the psychological aspects of having painful losses... regularly. Paul Tudor Jones, one of the most successful traders, put it simply:  “You have to be able to handle getting your butt kicked. No matter how you cut it, there are enormous emotional ups and downs involved."Paul Tudor Jones But here's the good news. You don't need to be right 100% of the time when trading. Do the best traders win 80% of their trades? Not even close. Even a professional trading strategy may, in fact, suffer a 5-trade losing streak, or worse, at some point. The difference between successful and unsuccessful traders is that successful ones win more on their winning trades than they lose on their losing trades. Trading success does NOT depend on just being right more than 50% of the time. Success depends on controlling and cutting the losses quickly AND letting the profitable trades run their course.  If you follow smart money management rules, you can set up your target profits and stop-loss orders on every trade so that your potential profit is higher than the risk. Here's an illustrative example of how experienced traders often set up their trades and risk management: Smart traders always place a stop-loss order when opening a trade. That way, they don't risk more than they can afford to lose. Notice that the potential reward is 2 times bigger than the maximum potential risk if the trade goes against them. Many traders think that an ideal risk/reward ratio is 1:3. A risk/reward ratio of 1:3 means that a trader is ready to risk with $1 for the prospect of earning $3. Seasoned traders mostly decide on and set their target profits and emergency stops before they enter a trade.   As our old friend Paul Tudor Jones (trader & hedge fund manager worth ~$7 billion) said:  "The most important rule in trading is: Play great defense, not great offense." Some traders win on less than half their trades, but because their winning trades are 2-3 times bigger than their losing trades, they can still stay above break-even. How much money do you need to start trading? There are four recommended steps before starting to trade with serious money: Learning from an educational app and books.Practicing trading with a simulator game.Trading in a demo account.Opening a real account and trading with small amounts. Let's take a closer look at these steps. 1. Learning from an educational app and books Using an app like Forex Hero, trade view, binance education can accelerate your learning progress. This is due to the app's engaging, science-based interactive lessons and the concise, essential takeaways from numerous books condensed into easily digestible segments. Books are great, but it's a completely different thing to learn by testing yourself with real-life case studies as you learn. Obviously, it's also recommended to read the best books about financial markets. You'll find a curated selection of the best trading books in the final chapters of this school. 2. First steps with a simulator game As you begin your trading journey, we suggest using a simulator game to practice the very basics in a 100% safe environment. This will complement your reading and learning through our app. A good trading simulator game allows you to dip your toes in trading without risking a penny. Unlike regular paper trading accounts, the best trading simulator games are highly beginner-friendly as their functionality is stripped down to the bare minimum so you don't get distracted and discouraged by too many technical details before learning the very basics. Starting with a demo account of a trading broker at the very beginning can be a bit overwhelming for beginners. That's why a simulator with simplified functionality is a good first step. In a simulator game, you'll receive $100,000 of virtual game money, and you can buy and sell forex, stocks, crypto, oil, and other assets at real-time prices. ✅ Pros: the best part about such a simulator game is that you can learn the ropes without any risk, and you are not doing it alone. Instead, you can compete against other traders in weekly leaderboards and occasionally win Amazon gift cards as a motivation booster. ❌ Cons: trading simulator games offer a simplified functionality so that it's easier to learn the basics of trading. As a result, they don't have all the advanced features like trailing stops, limit orders, etc. You'll need to eventually practice with a demo account to get used to a full-fledged trading platform. 3. Practicing in a demo account The next step after a trading simulator game is a demo account with a real broker, where you can learn how to use an advanced trading platform still without depositing real money. All the brokers in our Top Broker's section also provide demo accounts. Compared with a simulator game, demo accounts are usually slightly more complicated as they have a wider set of features to suit more experienced traders. ✅ Pros: demo accounts are great for getting used to a real trading platform and testing various strategies without any risk.  ❌ Cons: if you are doing great in a trading simulator, don't expect to get identical results immediately when you open a real trading account. Trading with real money involves different psychology, so your performance and actions will differ. Also, order execution in a real account is different, as demo accounts get instantaneous execution, while in real life, there can often be delays, which also influence profitability. 4. Opening a real account and trading with capital you're comfortable risking Simulators are awesome, but after learning the basics, you should move on, as trading only with virtual money can give you a false sense of your skills.  Trading with manageable amounts of money is critical for getting the experience needed to trade meaningful amounts of money. Before risking with bigger capital, you need to trade with an amount that you can afford to lose to undergo human errors and witness the effects of brokerage costs, spread widening on post-earnings open, and price slippages that can stop you out ahead of your stop-loss order, etc. Thus, after getting consistent results in a simulator, it is recommended to open a real account with a reputable broker and start trading with manageable stakes that won't break your bank in case it goes wrong. Most brokers allow opening real accounts with $100 - $250. As you progress, you can gradually increase your account and trade sizes. But keep in mind that the average daily movements in currency pairs are around 1%-3%, so obviously, you won't make very significant gains with $100 in your account. The optimal deposit amount depends on how much you are willing to risk. An optimal starting capital if you want to see tangible profits is usually around $500 - $1,000. The account size threshold that separates beginner traders from more advanced ones is $25,000. The $25,000 limit is the average industry minimum for active day traders. Most brokers don't allow more than three trades in a five-day period for accounts with less than this limit. Reaching this $25k limit also enables traders to use the highest available leverages. #BTC #HotTrends #BOME #ETHFI⁩ #ETH

Lesson 3: How to Become a Good Trader

Trading is not a get-rich-quick scheme.

If you are looking for something that will make you rich quickly, then you should NOT even think about trading.

“To become a decent trader, you need to master fundamental analysis, technical analysis, and risk management. It usually takes years.”

Also, you need to learn how to handle the psychological aspects of having painful losses... regularly.

Paul Tudor Jones, one of the most successful traders, put it simply: 

“You have to be able to handle getting your butt kicked. No matter how you cut it, there are enormous emotional ups and downs involved."Paul Tudor Jones

But here's the good news.

You don't need to be right 100% of the time when trading.

Do the best traders win 80% of their trades?

Not even close. Even a professional trading strategy may, in fact, suffer a 5-trade losing streak, or worse, at some point.

The difference between successful and unsuccessful traders is that successful ones win more on their winning trades than they lose on their losing trades.

Trading success does NOT depend on just being right more than 50% of the time. Success depends on controlling and cutting the losses quickly AND letting the profitable trades run their course. 

If you follow smart money management rules, you can set up your target profits and stop-loss orders on every trade so that your potential profit is higher than the risk.

Here's an illustrative example of how experienced traders often set up their trades and risk management:

Smart traders always place a stop-loss order when opening a trade. That way, they don't risk more than they can afford to lose.

Notice that the potential reward is 2 times bigger than the maximum potential risk if the trade goes against them.

Many traders think that an ideal risk/reward ratio is 1:3. A risk/reward ratio of 1:3 means that a trader is ready to risk with $1 for the prospect of earning $3.

Seasoned traders mostly decide on and set their target profits and emergency stops before they enter a trade.
 
As our old friend Paul Tudor Jones (trader & hedge fund manager worth ~$7 billion) said: 

"The most important rule in trading is: Play great defense, not great offense."

Some traders win on less than half their trades, but because their winning trades are 2-3 times bigger than their losing trades, they can still stay above break-even.

How much money do you need to start trading?

There are four recommended steps before starting to trade with serious money:

Learning from an educational app and books.Practicing trading with a simulator game.Trading in a demo account.Opening a real account and trading with small amounts.

Let's take a closer look at these steps.

1. Learning from an educational app and books

Using an app like Forex Hero, trade view, binance education can accelerate your learning progress.

This is due to the app's engaging, science-based interactive lessons and the concise, essential takeaways from numerous books condensed into easily digestible segments.

Books are great, but it's a completely different thing to learn by testing yourself with real-life case studies as you learn.

Obviously, it's also recommended to read the best books about financial markets.

You'll find a curated selection of the best trading books in the final chapters of this school.

2. First steps with a simulator game
As you begin your trading journey, we suggest using a simulator game to practice the very basics in a 100% safe environment. This will complement your reading and learning through our app.

A good trading simulator game allows you to dip your toes in trading without risking a penny.

Unlike regular paper trading accounts, the best trading simulator games are highly beginner-friendly as their functionality is stripped down to the bare minimum so you don't get distracted and discouraged by too many technical details before learning the very basics.

Starting with a demo account of a trading broker at the very beginning can be a bit overwhelming for beginners. That's why a simulator with simplified functionality is a good first step.

In a simulator game, you'll receive $100,000 of virtual game money, and you can buy and sell forex, stocks, crypto, oil, and other assets at real-time prices.

✅ Pros: the best part about such a simulator game is that you can learn the ropes without any risk, and you are not doing it alone. Instead, you can compete against other traders in weekly leaderboards and occasionally win Amazon gift cards as a motivation booster.

❌ Cons: trading simulator games offer a simplified functionality so that it's easier to learn the basics of trading. As a result, they don't have all the advanced features like trailing stops, limit orders, etc. You'll need to eventually practice with a demo account to get used to a full-fledged trading platform.

3. Practicing in a demo account
The next step after a trading simulator game is a demo account with a real broker, where you can learn how to use an advanced trading platform still without depositing real money.

All the brokers in our Top Broker's section also provide demo accounts.

Compared with a simulator game, demo accounts are usually slightly more complicated as they have a wider set of features to suit more experienced traders.

✅ Pros: demo accounts are great for getting used to a real trading platform and testing various strategies without any risk. 

❌ Cons: if you are doing great in a trading simulator, don't expect to get identical results immediately when you open a real trading account. Trading with real money involves different psychology, so your performance and actions will differ. Also, order execution in a real account is different, as demo accounts get instantaneous execution, while in real life, there can often be delays, which also influence profitability.

4. Opening a real account and trading with capital you're comfortable risking
Simulators are awesome, but after learning the basics, you should move on, as trading only with virtual money can give you a false sense of your skills. 

Trading with manageable amounts of money is critical for getting the experience needed to trade meaningful amounts of money. Before risking with bigger capital, you need to trade with an amount that you can afford to lose to undergo human errors and witness the effects of brokerage costs, spread widening on post-earnings open, and price slippages that can stop you out ahead of your stop-loss order, etc.

Thus, after getting consistent results in a simulator, it is recommended to open a real account with a reputable broker and start trading with manageable stakes that won't break your bank in case it goes wrong.

Most brokers allow opening real accounts with $100 - $250.

As you progress, you can gradually increase your account and trade sizes.

But keep in mind that the average daily movements in currency pairs are around 1%-3%, so obviously, you won't make very significant gains with $100 in your account.

The optimal deposit amount depends on how much you are willing to risk. An optimal starting capital if you want to see tangible profits is usually around $500 - $1,000.

The account size threshold that separates beginner traders from more advanced ones is $25,000. The $25,000 limit is the average industry minimum for active day traders.

Most brokers don't allow more than three trades in a five-day period for accounts with less than this limit.

Reaching this $25k limit also enables traders to use the highest available leverages.

#BTC #HotTrends #BOME #ETHFI⁩ #ETH
Lesson 2: How Erik FailedLet me tell you a real story about a forex failure.which I read online (Passive voice) I met a guy at a birthday party who told me about his bitter experience with Swiss francs. I guess he must have drunk a few glasses of wine, or he wouldn't have opened up about it. It was a humbling experience for him, as he believed himself to be proficient in finance. The guy's name is Erik, and he has a successful seafood production company in Germany. It all started when he took a loan worth 1.5 million euros for a new production facility. He took the loan in Swiss francs from a Swiss bank because they offered low interest rates, and he believed that Swiss banks are the most stable in the world. Unfortunately, not long after receiving the credit, the Swiss franc catapulted by 30% due to the Swiss National Bank's decision to remove the cap on the franc's value against the euro. Pretty painful, right? And it was not just him. Hundreds of businesses were significantly impacted by that single event. Could Erik have foreseen such a scenario? Yes - if he knew about the intrinsic upward pressure on the Swiss franc and understood how to interpret the financial news about the struggles of the Swiss National Bank to keep the franc artificially down. Many traders who understood these principles and followed the markets made a fortune from this event. Why did I share this story with you? Because after carefully learning with me, you will learn such principles, and you'll be able to detect profitable opportunities and threats as they form. As you see, mastering the fundamental drivers of currency prices is essential not only for making successful trades but also for every business person. So let's start and enjoy the ride! $BTC $ETH $XRP #HotTrends #CryptoNews🚀🔥 #CryptoEducation💡🚀 #Forex #Write2Erarn

Lesson 2: How Erik Failed

Let me tell you a real story about a forex failure.which I read online

(Passive voice)
I met a guy at a birthday party who told me about his bitter experience with Swiss francs. I guess he must have drunk a few glasses of wine, or he wouldn't have opened up about it. It was a humbling experience for him, as he believed himself to be proficient in finance.

The guy's name is Erik, and he has a successful seafood production company in Germany.

It all started when he took a loan worth 1.5 million euros for a new production facility. He took the loan in Swiss francs from a Swiss bank because they offered low interest rates, and he believed that Swiss banks are the most stable in the world.

Unfortunately, not long after receiving the credit, the Swiss franc catapulted by 30% due to the Swiss National Bank's decision to remove the cap on the franc's value against the euro.

Pretty painful, right?

And it was not just him. Hundreds of businesses were significantly impacted by that single event.

Could Erik have foreseen such a scenario?

Yes - if he knew about the intrinsic upward pressure on the Swiss franc and understood how to interpret the financial news about the struggles of the Swiss National Bank to keep the franc artificially down.

Many traders who understood these principles and followed the markets made a fortune from this event.

Why did I share this story with you?

Because after carefully learning with me, you will learn such principles, and you'll be able to detect profitable opportunities and threats as they form.

As you see, mastering the fundamental drivers of currency prices is essential not only for making successful trades but also for every business person.

So let's start and enjoy the ride!

$BTC $ETH
$XRP #HotTrends #CryptoNews🚀🔥 #CryptoEducation💡🚀 #Forex #Write2Erarn
Introduction: How Pros Predict Forex And Cryptocurrency Movement Do you want to learn how pros predict forex and stock movements? If yes, you have come to the best place. More than a million people, just like you, are using this channel to learn the basics and secrets of finance and trading. Traditionally, learning just the basics of trading takes months of studying piles of hard-to-understand theory books. Instead, we wanted to offer something that will teach you the essentials 10X faster. You can save a couple of months and hundreds of dollars it would take to go through countless trading books and courses. We have done the work for you and distilled the most valuable information, and incorporated it into this lectures Our aim in developing you to make you a resource that would boost your skills in the most engaging way possible without sacrificing effectiveness. We looked into the research, and studies show that gamification elements help to learn a subject in less time than traditional approaches ( Majuri, Koivisto, & Hamari, 2019). For best results, we recommend starting with this section and then gradually incorporating the Trend Predictor, Time to trade,Application needed which are designed to activate this metacognition effect. Next up is a short story about a businessman who lost a lot of money because he didn’t know one critical rule of the forex/crypto market. What was this important rule? Read on! $BNB $BTC #HotTrends #Read2Earn #Write2Erarn #BTC #Forex

Introduction: How Pros Predict Forex And Cryptocurrency Movement

Do you want to learn how pros predict forex and stock movements? If yes, you have come to the best place.

More than a million people, just like you, are using this channel to learn the basics and secrets of finance and trading.

Traditionally, learning just the basics of trading takes months of studying piles of hard-to-understand theory books. Instead, we wanted to offer something that will teach you the essentials 10X faster.

You can save a couple of months and hundreds of dollars it would take to go through countless trading books and courses. We have done the work for you and distilled the most valuable information, and incorporated it into this lectures

Our aim in developing you to make you a resource that would boost your skills in the most engaging way possible without sacrificing effectiveness.

We looked into the research, and studies show that gamification elements help to learn a subject in less time than traditional approaches ( Majuri, Koivisto, & Hamari, 2019).

For best results, we recommend starting with this section and then gradually incorporating the Trend Predictor, Time to trade,Application needed which are designed to activate this metacognition effect.
Next up is a short story about a businessman who lost a lot of money because he didn’t know one critical rule of the forex/crypto market.
What was this important rule?
Read on!

$BNB $BTC

#HotTrends #Read2Earn #Write2Erarn #BTC
#Forex
LIVE
--
Haussier
🚀 Interested in learning about cryptocurrency and NFTs? Join the vibrant Krypto Plug community on, Discord, or Telegram! Get insights, tips, and updates from seasoned experts and enthusiasts. Don't miss out on this opportunity to expand your knowledge and network in the exciting world of crypto and NFTs. Join us today and dive into the future of digital assets…. #CryptoAIRevolution ✨#Learn2Write #BTC #AEVO/USDT #Educational_Post✨ $
🚀 Interested in learning about cryptocurrency and NFTs? Join the vibrant Krypto Plug community on, Discord, or Telegram! Get insights, tips, and updates from seasoned experts and enthusiasts. Don't miss out on this opportunity to expand your knowledge and network in the exciting world of crypto and NFTs. Join us today and dive into the future of digital assets….

#CryptoAIRevolution #Learn2Write #BTC #AEVO/USDT #Educational_Post✨ $
anticipation surrounding the approval of a long-awaited Ethereum exchange-traded fund (ETF) has taken a dramatic turn as prominent analysts revise their estimations, casting doubt on the likelihood of SEC approval before a critical May deadline https://kryptoplug.site/2024/03/11/ethereum-etf-app…t-is-hope-fading/
anticipation surrounding the approval of a long-awaited Ethereum exchange-traded fund (ETF) has taken a dramatic turn as prominent analysts revise their estimations, casting doubt on the likelihood of SEC approval before a critical May deadline

https://kryptoplug.site/2024/03/11/ethereum-etf-app…t-is-hope-fading/
LIVE
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Haussier
Appeals Court Revives Investor Lawsuit Against ,binance Challenges Previous Dismissal Over Securities Sale https://kryptoplug.site/2024/03/11/appeals-court-re…-securities-sale/#binance
Appeals Court Revives Investor Lawsuit Against ,binance Challenges Previous Dismissal Over Securities Sale

https://kryptoplug.site/2024/03/11/appeals-court-re…-securities-sale/#binance
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