In a recent post, one of our Falcon Coaches @jaketandrew talks about trading and travelling. It was always @hutchinsonmark ‘s goal, when starting Falcon, to be able to teach as many people as possible a simplified but highly effective method of trading so that they gain financial freedom and go on to pursue their true passions. However, trading still requires time in the day, even when travelling, and consistency is key when learning any skill. 🦅
@hutchinsonmark: “Daily routines wherever you are is so key! Especially when it’s to do with your trading.” 💬
Jake is a prime example of someone that is committed to his routine, no matter where he is in the world. It takes a lot of discipline and focus to be that way, but developing those good habits doesn’t happen overnight.
We are often sold on the idea that we can be trading on the beach and constantly travelling around the world. Although that is true, you can trade from anywhere with just a laptop, this is a side effect of being a great trader. But, getting into trading with the focus being “I want to just trade on the beach” is the quickest way to fail. 🌏
Remember: Trading can be highly rewarding but, on your way up to consistency, good habits need to be ingrained. 💻
Trading and traveling ⠀
Everyone loves the freedom trading brings and the idea of the laptop lifestyle. However, what they don’t realise is the discipline that’s required to make sure that it’s done successfully. Having the flexibility to trade from anywhere in the world is awesome, but you still need to ensure there is structure to your day. ⠀
As soon as people jump on a plane their daily routines and goals go out the window which is the quickest way to end in drawdown. As simple as it sounds, I find getting up early and getting a few hours in before your day starts is the best way to keep on top of things. It also allows you to do your daily forecasts and set alerts for trades on the watchlist. Adding a few simple steps into your travels will give you the flexibility to enjoy your new surroundings whilst also making sure your trading doesn’t suffer.
“If you don’t design your own life plan chances are you fall into someone else’s plan & guess what they have planned for you? Not much!” 🤷♀️ you do you!
Delighted to be judging “You think you can dance” for @pipshopeandsupport along side some #GAA legends & @sugar_coating_nails 🙌🏻 The event is on in the @carrickdale_hotel Saturday 2nd of March. Tickets are £12. Let’s support this amazing cause & have a fun night!
Give @pipshopeandsupport a follow it’s an organisation we all might need some day! #mentalhealthmatters
A controversial subject is the use of indicators in trading, and how effective they really are. I believe indicators
are one of main catalysts of many Forex trader’s frustration.
As price action traders, we don’t need to rely on indicators to make our trading decisions. I only use 2 moving averages so I can perform my mean value analysis which works synergistically with price action systems.
We can use some indicators but not to generate signals but only as confluent factors.
If you want to learn a powerful trading method, i highly recommend you to get a copy of my ebook , click on the link in my bio or send me a private message.
Witness live performance on our official YouTube channel.
Click the link in bio to get direct access.
To know more, Visit our website [ www.CaPayTal.com ]
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There is sooo much that can change in the space of just 2...3...4... years, if you’re willing to put in the work now on the things you want and just stick with it through the ups & downs.
The thing is that the majority of people sadly aren’t willing to put in the work required to develop the skill, become the asset and stick it out to get the life they desire.
But then it’s often the very same people that will spend the same 2...3...4... years studying for a job they don’t necessarily like, for a career they don’t want... To then get caught up in the system and only begin to realise things later on down the line.
Wherever you are right now in your life journey, take full responsibility for your situation... and when you do that, things begin to change.
Something that seems to come to mind when I have thoughts like this is how you want to look back on your life at 90/100 years old...
How do you want to have lived your life?
What legacy do you want to leave?
You have one life.
Live it, and go after the things you want.
55 74310 hours ago
Some nice candlestick patterns
17 92020 hours ago
What You Need to Study for Successful Trading or Fresh Look at the Analysis
Many people write us to DM a question 'How to start trading', so, we have written to you the most important things to learn, how and why they work. Also it can give you a fresh vision at usual tools if you have already studied them but still can't trade successfully.
What do you need to learn to start understand the market? Below you will find things we use for our analysis and will know what you should Google and how look at them👇
Technical analysis. Rather, this is the most powerful thing to analyse and understand the market. It shows us the psychology of the market, traders and investors... Speaking of human psychology, it's often predictable thing. Don't worry, for successful trading you don't need to be 'a candidate of science in psychology', but you need to understand the psychology of the market. That's why they said that the history in the market repeats: people are people. All these technical patterns were created by people and their actions, so, take advantage of these ones.
Price Action. Possible you'll be surprised, but in general it isn't about the price at all. It's about people again. Who pulls the price up or down? People who buy or sell the currency. This way it's like 'Price & People Action', but in Technical Analysis we look at the charts and its patterns in general and in Price Action we look at the price only which is presented by Japanese Candles or bars (JC are preferable). Using PA, we can see the mood of the market and the strength of beers or bulls and predict if people are going buy or sell. In fact, this is modified Candlestick Analysis, but in PA we see the psychology, but not the naked candles.
The continuation and talk about indicators are in comments