Victor Niederhoffer – Getting in Tune With Trading
Salepage : Victor Niederhoffer – Getting in Tune With Trading
Archive : Victor Niederhoffer – Getting in Tune With Trading Digital Download
Delivery : Digital Download Immediately
Product Information
Technical analysis entails the study of a wide range of topics, including behavioral economics and risk management, in addition to chart patterns and indicators. Technical analysis is typically used to identify trading opportunities and capitalize on them through a disciplined, rules-based approach that maximizes long-term risk-adjusted returns. In this article, we will look at some of the best ways for beginners to learn technical analysis without putting money at risk.
The best trading happens when you are mentally and emotionally in sync with the market. When you believe you understand what is going on and why, you will be able to fully embrace your trades and perform well.
When you find yourself fighting the action and can’t stop complaining about how irrational and illogical it is, you’re not going to make much money. Our job is not to argue with the market beast, but to determine whether it will continue to behave in the same manner.
Trading success is largely determined by your understanding of the various factors at play at any given time. On some days, news headlines and fundamentals may be important, while on others, emotions such as “fear of missing out” will be the primary motivator.
Because what matters is constantly changing, we must constantly adapt. Right now, the Covid-19 news is unimportant, economic concerns are being ignored, and valuations are irrelevant. What matters right now is identifying key sectors, maintaining strong momentum, and identifying stories with speculative appeal.
This type of market action is extremely difficult to navigate for analytical thinkers who prefer to use numbers and hard and cold facts. This is an excellent market for individuals who understand the importance of emotions and how a group of investors may behave.
Are you battling this action and criticizing it for not accomplishing what you want, or are you accepting it and looking for the next opportunity?
Find out what is working, why it is working, and then trade it. You will be in sync with the market if you do this.
More from Categories : Forex & Trading