Wijaya Trading

Definition of Speculation in the Forex Market Speculation in the foreign exchange market involves buying and selling currency with the aim of making a profit. It is called speculation because of the uncertainty involved because no one can say for sure whether the market will go up or down. Traders assess the possibility of any of the scenarios before trading. Tips to Speculate Like a Successful Trader and Get Back on Track Don't Let Risk Change Trader's Behavior The biggest psychological barrier for traders is the perception of loss. For traders, the pain of closing a trade and realizing a loss outweighs the joy of making a winning trade of the same magnitude. Reputed traders, first and foremost, apply sound risk management. Traders can win two thirds of all traders' trades and can still blow up the account if there is no termination. The natural consequence of this is that the trader lets the losing position run, while taking profit as soon as the position turns positive. ...

There are still many traders who think that a profitable and consistent trading system is very difficult to set up. Actually, in compiling a trading system, it does not need to be complicated, because the majority of traders who end up losing in trading are not due to a bad trading system, but are caused by emotions and an undisciplined attitude towards the rules that have been determined. In trading, if emotions take control, the trader will surely fail. Maybe there are some traders who are still looking for a trading system so they can profit consistently. So eager is the trader to learn, that countless trading systems have been tried. Worse yet, all of that is done directly with real money, without trying it on a demo account first. Even if a trader learns on a demo account, traders want to immediately step into a real account with the reason that they want to quickly enjoy abundant profits. But what happened was the opposite. The money and capital he had deposited at the broker van...

Traders should understand a lot about candlesticks, because candlesticks are a reflection of the shape of the market movement where supply and demand are depicted. So the occurrence of candlesticks goes up or down, bullish or bearish because there is demand and supply. The more demand, the thicker the candle volume will be. Conversely, when the volume of the candle is formed smaller then there will be resistance or there will be a rejection from the opposite market. Candlesticks have many candle patterns that traders must understand to gain opportunities to take profit. The candlestick pattern will have an impact on subsequent movements whether it will be a continuation, sideways or reversal. However, traders do not have to memorize all existing candlestick patterns because it will make traders confused. There are several main candles that often appear, namely Doji, engulfing, hammer, marubozu and harrami. Watch the video below for more clear and detailed information! More info: Free...

Candlesticks are a type of price chart used in financial markets. This type of chart originated two centuries ago in Japan and after that it was in great demand by traders. This candlestick is one of the analyzes that can be used to find opportunities. Candlesticks are known for their shape that resembles a candlestick. The characteristics of this candle will greatly support reading accurate market opportunities. Reading candlesticks is not arbitrary, just memorizing and getting to know the formations. Traders need to know the big picture how to read candlesticks, because each candle is able to inform the price structure, the strength of the dynamic trend of buyers versus sellers, and the projected direction the price will move in the future. The way to read the characteristics of a candlestick is by body size, wick length, body ratio, and position. Watch the video below for more clear and detailed information! More info: Free soft copy material by contacting 081 258 066 174 Whatsapp...

Candlesticks have alert levels in the form of signals and confirmations. The signal level indicates that it has formed a pattern that will indicate an up or down movement, but it is not recommended for entry first. As time goes by, the candlestick patterns in trading have more variations. namely the pattern of one candlestick, two bars, three bars and so on. Candlesticks have been proven accurate for centuries until now. Profitable candlestick patterns will follow the systematics of technical analysis. Candle patterns are not always accurate so other considerations are needed to enter there. For this reason, it is necessary to understand how to enter using candle patterns or chart patterns. Chart patterns are different from candle patterns. The use of chart patterns to see market opportunities will increase the way traders make transactions. Chart patterns are very important in technical analysis, because they can detect price direction and chart patterns can be observed in all time fr...

Preparation is an important aspect that determines whether to become a successful trader or not. Studies show that successful traders and all other professionals tend to follow a certain routine or plan. There are two aspects of routine, namely the existence of time management routines and routines on the trading side. Understanding and Benefits of Morning Trading Routine Morning trading are some of the things a trader does before making a trade. There are several types of traders, so the first thing a trader needs to do is determine the type of trader: There are some traders who wake up and go straight to the charts and start trading. There are some traders who wake up, do their morning exercise, and then start trading. There are some traders who wake up, spend several hours watching the news before traders start trading. Traders spend a few minutes looking at the news, with the aim of getting information about what is happening at night. The morning trading routine has several benefi...

Salah satu teknik yang sering dipakai oleh para trader adalah fibonacci retracement. Teknik ini bisa sangat efektif untuk digunakan dala menentukan posisi masuk dan keluar dipasar, namun teknik juga berisiko jika tidak digunakan dengan cara yang tepat. Fibonacci retracement adalah indikator yang menerawang titik support dan resistance, sehingga trader bisa menentukan kapan harus masuk ke pasar untuk mendulang cuan dan menentukan titik stop loss. Biasanya fibonacci retracement digunakan oleh trader di pasar foreign exchange (forex). Ketentuan Cara Menggunakan Fibonacci Retracement dengan Benar Terdapat beberapa ketentuan untuk dapat menggunakan cara fibonacci dengan benar yaitu: Kondisi pasar harus dalam tren bull atau bear yang jelas. Artinya, aset harus memiliki nilai tertinggi yang lebih tinggi dan posisi terendah yang lebih tinggi dalam tren naik. Aset juga harus berada di posisi terendah yang lebih rendah dan harga tertinggi yang lebih rendah dalam tren penurunan. ...

Prices in the forex market or market do not always move in one direction only, up or down cannot be predicted by the naked eye by traders. Therefore, in learning forex trading, what is no less important is how to take advantage of market prices when they are in a state of bounce (bouncing) or when prices experience a breakout. Breakouts and bounces are one of the keys to easy trading. Both terms will often appear to signify the potential for the next price movement, if the price movement approaches certain levels. Whatever technical indicators a trader uses, whatever trading method is used, will definitely target the position of the price movement to Breakout or Bounce; because, Bounces and Breakouts in forex mark the emergence of trading opportunities with the best potential. What are breakouts and bounces in forex trading? 1. Breakout Breakout in forex is a condition where the price breaks through Support or Resistance. In technical analysis, a breakout is a breakout or break of a su...

Not everyone has free time to always monitor and observe market movements every time even throughout the day. There are times for those who are busy with work or many activities so it is very difficult to be able to observe the movement for the sake of market movements, but want to profit trading. So you need strategies and techniques to be able to trade but not every day you have to monitor the market. To deal with this, traders can use middle trading or long-term trading. This long term or long term trading brings advantages for traders in terms of psychology. Long-term analysis, of course the trader's psychology will be well maintained and stable because you are not easily distracted by new signals and traders do not have to pay attention to the chart continuously all the time. Long-term trading will automatically focus on only one open position. In long-term trading what is needed is capital and resilience. Long term trading takes 2-7 days. In long-term trading, there are sever...

Technical analysis is a technical framework for studying price movements. Traders can determine the current trading conditions with price movements in real time. All current market information is reflected in prices. If the price reflects all available information, then price action is required for the transaction. If a price level holds up as a major past support or resistance, traders will keep an eye around that historical price level for trading. This analysis looks for similar patterns that have formed in the past and shapes trading ideas in the same way as before. When using technical analysis, the first thing that comes to mind is chart indicators to look for historical data. This data will help traders spot certain trends and patterns to find trading opportunities. By looking for certain price levels and chart patterns, the more likely these patterns will appear in the market. The nature of this analysis is very subjective. A trader should understand how to use technical analys...

Setting trading goals can be a useful endeavor to help traders navigate the market, but setting only some goals is more useful than others. In this section, traders will look at the right and wrong types of forex trading goals to aim for. Why proper goals make sense in the context of a trader's trading plan, and how to track progress of a trader's goals. In contrast to results-oriented goals, process-oriented goals are more useful for helping traders follow a trader's trading plan. Creating goals that support a trader's plan can help a trader stay focused on the details that lead to good trades. One way to do this is to think of the process that follows like an 'If, then...' statement' - 'If this [event] happened, then I would do this.' For example - 'If EUR/USD pulls back to a certain price level and shows a major reversal bar, then I will enter a 'long' position. There could be a number of criteria depending on the trading style of the ...

When you want to enter the world of trading, traders must prepare a lot of things. One of them is a good mindset to be successful in trading. How to build a mindset in trading? Check out the explanation below: Plan Your Trade A trading plan is a trading system used by a trader when making trading transactions in order to achieve the expected goals. Trading plans are very useful to help traders stay focused and consistent in their initial plans before trading. For a trader, the existence of a trading plan is needed to help get consistent trading results every day. Consistent trading results every day is better than fantastic trading results in one day, but can't repeat it again in the future. But it would be even better if the trading results are fantastic and can repeat it every day consistently. The existence of this trading plan is expected to be able to consistently achieve the profits that have been achieved. A good trading plan, compiled based on experience and using a method ...

Many people enter the world of trading because trading has a very tempting profit for traders. However, besides that trading also has a very high risk. Not infrequently many traders who are less successful in trading, but also many traders who are successful. The success achieved by traders has a very long process and has readiness before deciding to enter the world of trading. Here are 3 buffers in trading that can be applied by both novice and professional traders: Trading Psychology Trading psychology is a broad term that encompasses all the emotions and feelings a typical trader will encounter while in the market. Some of these emotions are actually useful and may be for a trader to embrace, but others such as fear, greed, nervousness and anxiety should be avoided. Trading psychology is complex and takes time to fully master. In fact, many traders experience the negative effects of trading psychology more than the positive aspects. This statement can be seen in the premature closin...

Day traders are traders who execute large volumes of short and long trades to take advantage of the market price action of the day. Knowing what a day trader is can help traders make a profit or avoid the risks of intraday trading. Day trading activity can be a profitable activity. However, for novice traders who are not familiar with good strategies, day trading can be very challenging. Market conditions do force traders to be smart to rack their brains in order to still be able to reap profits. Especially for day traders, getting daily profits consistently is a measure of the success of a trading strategy used. In fact, market panic will create rapid price movements in a short period of time. This of course makes the market more difficult to analyze and triggers doubts when trying to open a position. In fact, high volatility due to a slump in the market can also bring benefits if used wisely. These are day trading tips in the midst of the decline in market panic that traders can ap...

Losses in the trading business should not be allowed because it can consume all the capital they have. These losses need to be minimized by way of recovery. Recovery is a very important part of risk management to master, without being able to master risk management or perform a good recovery, it will be very difficult to survive long in the trading world. Because by doing recovery traders can reduce losses and can maximize profits and minimal return on investment. In the market no one can predict the price movement will go up or down. Therefore, traders must be able to recover when the market turns around so that there is no loss or loss in trading. There are 3 ways of recovery that can be used, namely: Cut Loss Cut loss is the action of closing a trader's position against the movement of market prices. Cut loss is used to limit the losses experienced so that they do not cause even greater losses. Switch In trading, market conditions do not always move according to what the...

There are so many scenarios that can be referred to as overtrading (too many open positions, too much use of capital funds, too many trades in a short time, trading beyond risk limits, and so on). In essence, overtrading is trading without a good strategy and management so that the trading business that is carried out tends to be like playing gambling. There are 3 ways to be free from overtrade, namely: 1. Set Number of Transactions (In a Period) Many traders have a habit of doing as many open positions as possible with the assumption that this habit will generate more profit. Most traders use the habit of 2-4 times as a reasonable and feasible amount to open a position. The main thing is to think about the quality of the trading signals that you will use to open positions, and not take advantage of as many trading signals that appear in a day. 2. Apply Risk or Reward Ratio When the trader has planned to open a position 3 times. The trader has already run to open a position 3 t...

Mistakes in Day Trading Day trading or day trading is the step of buying and selling forex on the same day, which means that positions opened on that day are not transferred to the next trading session or the next day. By making this short transaction, traders will get a profit, although it is small but if it is done regularly it will be quite tempting. However, there are still many who make mistakes in day trading. Here are some mistakes that are often made by day traders: Averaging Down Day traders are often stuck averaging down or opening the same new position when the previous position was losing. Unplanned averaging down is gambling and more emotional. The best way to avoid losses or drawdowns is to work according to the agreed risk management and not have to open new positions if there are no signals. Trapping Position Ahead of Fundamental News Release Applying a trap position is usually done with a pending buy stop and sell stop order simultaneously. This is usually ...

Psychological Aspects of Forex Trading for Beginners  Trader's success is not only supported by knowledge alone, but also by understanding about forex ecology. In forex there is no instant profit, everything has a long process. On the other hand, Forex trading is actually a very risky business, and traders have to make a lot of effort to control them. To be able to trade forex independently, you need in-depth knowledge of trading mechanics and forex analysis. If the knowledge has been mastered, then the trader can decide to trade forex. However, the success of a trader is not only supported by knowledge alone, but also determined by the mental and frame of mind during the trade. This is the Psychology Trading Psychology For Beginners that you need to know. Be aware of the potential loss Before starting forex trading, we must understand that all forex traders must have lost. These losses cannot be avoided by traders in life, including in forex trading which is well-known for...

Trading 'news' before it happens, or ahead of the release of economic data, is often considered less attractive than the fast-paced trading environment before or after the release. However, there are many underutilized opportunities that arise during this less volatile period that forex traders can pursue. This article will explain how to identify forex trades ahead of a news release or announcement using two specific strategies: a pre-release trend-following strategy and a pre-release calm strategy. The pre-release trend following strategy focuses on short-term trends ahead of news releases and requires traders to display a daily chart with a 10-day simple moving average (SMA). Traders are expected to enter the trade before the news, in the direction of the short-term trend; aims to increase volatility further in the direction of the trend, after the news is released. Moreover, this strategy works if the news results in a low volatility environment as the market is likely ...

Fundamental analysis in forex trading is usually used to examine developments taking place in interest rates, gross domestic product or GDP, internal trading and manufacturing, and in the field. The results of the fundamental analysis will also affect national currency values. It should be understood that this fundamental analysis is not just comparing economic data from one indicator to another. There is a lot of data that needs to be looked at and a fundamental analysis is carried out in order to find out the consistency of every data present. Later the analysis of the data can be used to predict a currency value movement. These data include inflation, interest rates, and other local economic factors. Fundamental Analysis Factors For Forex As a trader who chooses Forex as an investment instrument, in-depth understanding of fundamental analysis is absolutely necessary. One of the benefits that a trader can gain by understanding fundamental analysis is the ability or skill in u...

Importance of Money Management in Forex Trading  Given the high risk that traders will face in the market, it is important for traders to have a proper fund management strategy. Money management is one of the important factors in forex trading related to risk control. There are many ways that traders can do in managing money, but the key is risk limitation. Money management trading is the management of funds or models in a trading account. To be able to make profitable trades, traders must have a healthy margin account. Before making a trading transaction, it is highly recommended to calculate in advance how much volume or lot the trader will use for the transaction. It is recommended that traders use lots of no more than 10% of the capital. This will make margin traders healthier and safer to trade. Amount of Risk Per Trade The amount of risk per trade can be measured in monetary terms, not in pips, and is usually determined as a percentage of the capital or balance in the...

The inverted hammer candlestick pattern is commonly observed in the forex market and provides important insight into market momentum. In particular, the Inverted hammer can help validate a potential reversal. The inverted hammer candle has a small body, a long upper wick and little or no lower wick. It appears at the bottom of a downtrend and signals a potential upside reversal. The long upper wick indicates that the bulls are looking to push the price up. The validation of this move will be confirmed or rejected through the next price action. Inverted hammer should not be confused with shooting star. The two candles have a similar appearance but have very different meanings. A shooting star is a bearish signal and appears at the top of an uptrend, while an inverted hammer is an uptrend signal at the bottom of a downtrend. How to see the Inverted Hammer candlestick pattern: - Candles with a small body, long upper wick and little or no lower wick - Appears at the bottom of a dow...