Author: SK

Welcome back to my daily blog on forex day trading! In the last few posts, we’ve covered the basics of getting started, common mistakes to avoid, beginner-friendly strategies, how to read forex charts, the top 5 forex day trading strategies, how to use moving averages, the power of support and resistance, and how to trade breakouts. Today, we’ll dive into one of the most essential tools for technical analysis: candlestick patterns. Candlestick patterns are a visual representation of price movements that provide valuable insights into market sentiment. They are used by traders worldwide to predict potential reversals, continuations, and market trends.…

When it comes to automating TradingView strategies using Pine Script , choosing the right AI coding assistant can significantly impact your productivity, efficiency, and success as a retail trader. Among the popular options—DeepSeek , ChatGPT , and GROK —each has its strengths and weaknesses. However, for Pine Script coding specifically, ChatGPT stands out as the most suitable choice for retail traders. Here’s why: 1. Understanding Pine Script Complexity Pine Script is a domain-specific language designed exclusively for TradingView. It has unique syntax, functions, and limitations that require specialized knowledge. Not all AI models are equally adept at understanding or generating…

In the fast-paced world of retail forex trading, it’s easy to fall into the trap of thinking that more trades equal more profits. After all, the more opportunities you take, the higher your chances of success, right? Unfortunately, this mindset often leads to overtrading—a common pitfall that can erode your capital and sabotage your long-term success. The truth is, trading less can actually make you more money . By focusing on quality over quantity, you can improve your decision-making, reduce stress, and achieve better results. In this article, we’ll explore why trading less is a powerful habit, how overtrading harms…

As a retail trader looking to automate your TradingView strategies using Pine Script, you might be wondering which AI assistant is best suited for the task. In this article, we’ll compare DeepSeek, ChatGPT, and GROK to help you make an informed decision. Understanding the Contenders DeepSeek DeepSeek is a relatively new AI model developed by DeepSeek AI, a Chinese startup. It has shown impressive capabilities in various tasks, including coding. Pros: Cons: ChatGPT ChatGPT, developed by OpenAI, is one of the most popular and widely used AI language models. It has demonstrated strong capabilities in various coding tasks, including script…

Rob Turned Strategy Into Success In the high-stakes world of finance, few names resonate as powerfully as Rob Citrone. A titan in the hedge fund industry, Citrone has carved out a reputation for himself not just through his extraordinary financial acumen but also through his relentless drive and visionary approach to investing. With an eye-popping payday of $730 million—a figure that places him among the elite echelons of Wall Street’s wealthiest—he is proof that discipline, innovation, and calculated risk-taking can lead to unparalleled success. From Humble Beginnings to Financial Titan Born and raised in Pittsburgh, Pennsylvania, Rob Citrone grew up…

Welcome back to my daily blog on forex day trading! In the last few posts, we’ve covered the basics of getting started, common mistakes to avoid, beginner-friendly strategies, how to read forex charts, the top 5 forex day trading strategies, how to use moving averages, and the power of support and resistance. Today, we’ll focus on one of the most exciting and profitable trading strategies: breakout trading. Breakout trading involves entering the market when price moves beyond a key level of support or resistance, often leading to strong, sustained moves. While breakouts can be highly rewarding, they also come with risks.…

In the world of retail forex trading, success is rarely about making one big winning trade—it’s about accumulating small, consistent wins over time. This principle is encapsulated in what many traders call the 1% Rule : focusing on incremental improvements and steady progress rather than chasing overnight riches. By embracing this mindset, traders can build sustainable profitability, reduce stress, and achieve long-term success. In this article, we’ll explore why the 1% Rule is so powerful, how it applies to forex trading, and actionable steps you can take to implement this habit into your daily routine. What Is the 1% Rule?…

Alright, fellow traders, let’s get real for a second. Forex trading isn’t some walk in the park. It’s a twisted game, a rollercoaster of emotions, and a constant battle against the unpredictable. You’ve probably heard the hype, the “get rich quick” promises, and seen those flashy Instagram accounts. But the reality is often far more brutal. But here’s the thing: that “twisted” nature is exactly where the opportunity lies. If you can understand why it’s twisted and develop strategies to navigate those complexities, you can absolutely crush it in the Forex market. Why Forex is “Twisted”: Unveiling the Truth How to Profit from the “Twisted” Forex…

I’ve seen how forex trading addiction can destroy lives. A trader lost $800,000 because of it. This shows the dangers of getting too caught up in trading. The fast-paced world of crypto-trading can be very tempting. It’s hard to stop once you start. The thrill of winning big can become an addiction. Trading addiction is similar to gambling. Experts say day trading is like gambling, not investing. This means there’s a big risk of getting addicted. When you win, your brain gets a rush of good feelings. This can make you want to trade more. But it can also harm your money and…

Welcome back to my daily blog on forex day trading! In the last few posts, we’ve covered the basics of getting started, common mistakes to avoid, beginner-friendly strategies, how to read forex charts, the top 5 forex day trading strategies, and how to use moving averages. Today, we’ll dive into one of the most fundamental yet powerful concepts in trading: support and resistance. Support and resistance levels are the backbone of technical analysis. They help traders identify key price levels where the market is likely to reverse or continue its trend. Whether you’re a beginner or an experienced trader, mastering support…