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

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!

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#Forex

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Vela Exchange is a decentralized exchange with a mission to provide traders with a home base for all their crypto trading needs. Backed by the USDC stablecoin, Vela Exchange offers fully on-chain order book trading with leverage up to 100x on various assets, including cryptocurrencies, forex, and market cap.

The core element of the Vela Exchange ecosystem is the $VELA token, which can be obtained in several ways. Traders can earn $VELA by providing liquidity on supported decentralized exchanges, obtaining and holding eVELA, purchasing on supported exchanges, or through platform-specific rewards. By staking $VELA, holders can participate in platform reward shares, take advantage of various ecosystem rewards, and participate in the platform's growth.

With a carefully balanced rewards structure, Vela Exchange incentivizes liquidity provisioning and trading while managing token and rewards supply. The platform offers custom price feeds for asset prices and API endpoints and alerts/notifications for efficient and informed trading.

Vela Exchange's perpetual exchange allows traders to create long or short positions with custom risk management strategies and powerful order types. The platform offers referral management and fiat on/off-ramps, providing comprehensive trading solutions.

The long-term vision of Vela Exchange is to complete the ecosystem with additional features such as margin lending, staking as a service, and a social trading platform. Platform rewards include up to 75% of revenue distributed in USDC and eVELA to stakers, liquidity providers, and more.

In conclusion, Vela Exchange is an innovative decentralized exchange that offers traders comprehensive trading solutions. With its carefully balanced rewards structure and various ways to obtain $VELA tokens, Vela Exchange incentivizes liquidity provisioning and trading while providing traders with custom risk management strategies and powerful order types.

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