Trading psychology / The color combination in the charts.

Trading psychology / The color combination in the charts.

Trading psychology.

Trading psychology is one of a series of blogs I will be writing in the near future.

“The Forex Scalper”

Let’s start with number one the color combination in the charts.
And why is this an important topic and should we take it into account?
In this blog I am going to explain all this to you and at the end you will understand exactly what I mean.
We as humans have a psychological attraction to colors, red often indicates danger in a psychological way.
And green and blue, for example, are two positive colors.

Colors can arouse a certain emotion and this can of course be different for each person.
For example, you can make associations with color through culture or perhaps something you have experienced in the past. All in all, colors give off an emotion to people.

Emotions and color. / Trading psychology.

Our brain is wired to pay attention to objects that are of a contrasting color compared to its surroundings. It helped our ancestors to find food, or to notice potential dangers and hazards.
Also, in the animal and plant kingdom, bright colors serve certain survival functions such as reproduction and protection.

Colors are unarguably a valuable marketing tool. However, the question is: are some colors better for specific purposes? Let’s find out how you can leverage the effects of color on behavior.

Colors and their emotional associations are rooted in our cultural upbringing. They vary among cultures. In English, you are green with envy, in German yellow (gelb vor Neid sein). Purple is often associated with wealth, royalty and nobility. In Thailand and Brazil, purple is the color of mourning, however.

Also, within a culture, there can be differences, depending on the situation. Red can represent romance in a flower shop (red roses) or violence and unfairness during a football match (red card).

Color of neutral? / Trading psychology.

trading psychology

But what exactly does this have to do with the charts? And its colors?
Now that we know that colors can evoke certain emotions in people, this will work the same way in the charts.
There will of course be a difference, I mean one trader will be less bothered by this than the other.
But a lot of revenge trading or trading against your plan and so on can be avoided by keeping your charts neutral.

Let’s look to the color combination of for example the bottom chart here with regard to US30 first of all I will show you a color chart in which most trades have a lot of emotions, red and green it can make you decide to do a trade faster for example than you actually want to.
I am not saying that every trader is like this, but especially the beginning and even the advanced trader can find that bit of emotion in this.

trading psychology

trading psychology


You will find a chart I call them a black on black chart, it shows little to no emotions for many, there is no color incorporated in the chart so you take the piece ”bullish” buyers / bearish ”sellers” completely away.

trading psychology

trading psychology

One is not the other, so this is really unique for everyone.
So changing the colors what is nice for your eye and especially with your psyche is key here.
If you have problems with this, I will definitely advise you to use a chart without colors and see if this improves your trading.

I also show the outcome of images above, of course in color and neutral.

trading psychology

trading psychology

Conclusion.

Don’t be guided by emotions and/or psychological aspect in trading this is something that usually grows with time.
The message in this message if you find yourself in this above message it might be an idea to change your color combination.

Let me know below how you experience this and whether you have already applied it?

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Do you want to become Success Supply and Demand Trader or want to know more about trading psychology?
If you are a beginner trader and want to become a good professional forex trader.
The Forex Scalper teaches you the best trading strategy using supply and demand zones and Orderflow which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful trader in Supply and Demand join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE!

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How to trade nas100?

How to trade nas100?

How to trade nas100?

Let me start this blog by explaining what nas100 exactly is.
First, NAS100 should not be confused with the NASDAQ Composite, which is an index composed of all stocks listed on the NASDAQ exchange.
The index is also known as the US Tech 100 because of the tech stocks in the index.
And the financial stocks of the NASDAQ are included in a separate index namely the NASDAQ financial 100.

The start of the NAS100. / How to trade nas100?

The NASDAQ-100 index was launched in 1985 alongside the NASDAQ Financial Index.
So NASDAQ exchange was looking to compete with the much larger and older NYSE and Standard & Poor’s S&P500 index and these new products were the first step on that journey, allowing for the creation of a suite of futures and derivatives markets, further fueling the exchange and index growth.

How to trade?

Many of you who already know me or maybe have been following me for a while know that I am a big fan of trading US30 and the NAS100.
So often you can also see that these pairs make relatively similar movements.
If you are not yet familiar with these pairs, I will definitely recommend that you study them carefully and learn how to trade. Because I am sure that trading these indices will also make you very successful.
And I also explain everything about this in my course.
So in the images that follow below, I will also explain a bit more about trading NAS100.

How to trade nas100?

Above we see the chart of the NAS100.
See how nicely the price moves between the ranges?
And can you see, NAS100 can also be traded perfectly with Supply and Demand?
I mean it looks like it was made for it! haha
We can also see here very well that it does not move very aggressively and can also be very interesting for the novice trader to trade the NAS100.

Now let’s move on to the next image.

How to trade nas100?


See that beautiful artwork above?
Here we can see very clearly how many beautiful and safe entries we could find in a trending market of the NAS100.
Can you see 3 very nice entry points where we could have earned a lot of pips/points?

I mainly trade NAS100 with my fresh Supply and Demand zones.
And I conform my entries with the delta and the footprint charts. (Order Flow Trading).
So i explain all this to you in my course.

Do you want to become Success Supply and Demand Trader or want to know how to handle a losing trade?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How to trade nas100?? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

What’s the difference between the Dow S&P 500 and Nasdaq?

What’s the difference between the Dow S&P 500 and Nasdaq?

What’s the difference between the Dow S&P 500 and Nasdaq?

Many traders do not know exactly the difference between the Dow S&P 500 and the Nasdaq.
Do you know how to use the different stock indexes?
The Dow, NASDAQ and S&P 500 indexes are 3 of the best measurements of trading activity and give investors a clear picture of the overall health of the economy.
Each shows a different form of index which is calculated and tracked in its own way.
I have made a handy picture for you where the most important differences are well explained and everything is immediately clear.

What's the difference between the Dow S&P 500 and Nasdaq?
What's the difference between the Dow S&P 500 and Nasdaq?
What's the difference between the Dow S&P 500 and Nasdaq?
What's the difference between the Dow S&P 500 and Nasdaq?
What's the difference between the Dow S&P 500 and Nasdaq?
What's the difference between the Dow S&P 500 and Nasdaq?
What's the difference between the Dow S&P 500 and Nasdaq?
What's the difference between the Dow S&P 500 and Nasdaq?

What’s the difference between the Dow S&P 500 and Nasdaq?

I hope the images above have made it a bit clearer what the difference is.
At least I did my best to make something out of it and explain it to you the best in an easy way.
Below I will add a few pictures of the charts.
So you can also see the movements on the charts.

What's the difference between the Dow S&P 500 and Nasdaq?

What’s the difference between the Dow S&P 500 and Nasdaq?

Let’s start with the US30 I think many of you traded it or most likely thought about trading it.
And for those who follow or know me well, know that I really like to trade US30.
I really enjoy trading US30.

What's the difference between the Dow S&P 500 and Nasdaq?

Above we see the S&P 500 which I also have in my list.
Do you see that the US30 and S&P 500 charts are quite similar in terms of movements?

What's the difference between the Dow S&P 500 and Nasdaq?

And finally, here we see the chart of the NASDAQ, this chart also corresponds to the US30 and the S&P 500.
It is also always useful to keep this chart in your setup, even if you trade US30 for example.

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Do you want to become Success Supply and Demand Trader or want to know more about What’s the difference between the Dow S&P 500 and Nasdaq?

If you are a beginner trader and to become a good professional Forex trader. Want to know more about Forex liquidity strategy? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.
JOIN HERE TFS COMMUNITY======================
Results – Instagram

What's the difference between the Dow S&P 500 and Nasdaq?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
Join IC Market


Order flow trading strategy / Can it bring more profits?

Order flow trading strategy / Can it bring more profits?

Order flow trading strategy

If you have been trading for a while, you have certainly heard of trading with Orderflow.
I am also involved in this and have recently also made an extensive course about this to teach you everything about the order flow tools and how you can use them in your trading.

What is Order Flow?

Briefly and simply explained, Orderflow is the amount of orders waiting to be executed at a certain price level.
Let me give you an example of exactly what I mean.
For example, if the price goes up in a very strong movement, we know that eventually that will stop and the price will come down again.
This strong upward movement is of course due to the fact that there are currently more buyers willing to buy than sellers willing to sell.
This in turn creates an imbalance between buyers and sellers.
Which we can clearly see on the charts.
This simple example is what we see on the charts every day.
On different levels.

It’s as straightforward as it is seen on the charts after the events.
But what if you can see these movements coming in advance? That will help you a lot, won’t it?
That is where the order flow tools can help you. If you use it correctly.
So it can help you take trades with more precision and confidence.

Which Orderflow tools can you use? / Order flow trading strategy

There are several tools that you can use with trading order flow.
In this blog I will discuss a few with you and then I will mainly talk about the most commonly used tools.
I do want to make it clear that in addition to the order flow tools, you also need to have a good understanding of the market.

Order flow trading strategy

Footprint.

Above we see a footprint chart which is widely used in order flow trading.
Footprint charts are a type of candlestick chart that provides additional information, such as trade volume and order flow, in addition to price. It is multi-dimensional in nature, and can provide an investor with more information for analysis, beyond just the security’s price. (Source:https://www.investopedia.com/)

Order flow trading strategy


Delta

Above we see the Delta.
The delta is also a commonly used order flow tool.
Delta order flow is the difference between the market buys and market sells at each price (Footprint Delta) in each candle/bar (Bar Delta) or for a period of time (Cumulative Delta).

Order flow trading strategy

Volume Profile / Order flow trading strategy.

And the volume profile is also a very important tool for trading order flow.
Especially to find the most accurate supply and demand levels.

I have now given you a brief explanation about trading with orderflow.
Of course I want to tell you a lot more about it, but that is all too much to explain in this blog.
In the order flow course I teach you step by step how to use the order flow tools in the right way.
And how you can best combine this with trading Supply and Demand.

And to answer the last question, can Orderflow trading generate more profits?
Yes, it can ensure that you can take even better entries and also be out of a trade in time.

————————————————————————————————————————————————————————————–Do you want to become Success Supply and Demand Trader or want to know more about most volatile Forex pairs?
If you are a beginner trader and to become a good professional Forex trader. Want to know more about Forex liquidity strategy? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.
JOIN HERE TFS COMMUNITY======================
Results – Instagram

Forex Trading
Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
Join IC Market


Forex liquidity strategy / What is Liquidity do you know?

Forex liquidity strategy / What is Liquidity do you know?

Forex liquidity strategy.

You probably came to this blog because you wanted to know more about forex and liquidity.
Then you have come to the right place because in this blog I will try to explain as much as possible about this subject.
Let’s start with the fact that liquidity is not the same as volatility.
I often hear that traders sometimes make this mistake.
A liquid currency is an asset that can be exchanged very quickly for another type of asset.
In a liquid market we will often find many buyers and sellers and we will also see that the spread is very small on these pairs.
But as soon as some important news is published, buyers or sellers disappear from the market, and the currency changes from liquid to volatile.

Using liquidity and volatility in your strategy.

The liquidity of one currency measures the possibility of exchanging rapidly one currency unit for another.
And the faster this can be done, the more liquid a currency unit is.

Let’s just say that currencies that are more “exchangeable” are often more liquid.
The lower the country’s share of the global economic space, the greater the “regulation” of the domestic market, and the manual control of the economy, the lower the liquidity of the currency.
Let me give you a good example of exactly what I mean.
Suppose you have EUROS then you will probably quickly find someone who is willing to exchange with you for, for example, US Dollars.
And that’s because both these currencies are widely used.
So we can also say that the EURO and the US Dollar are very liquid pairs.

Now let’s get to the MXN Peso.
Because suppose you want to exchange this currency, you probably won’t succeed so quickly.
You will probably only be able to exchange these for a very low price.
And this is what we call low liquidity.

I think you now understand a bit what liquidity exactly is and what it means.
And don’t forget High liquidity does not mean high volatility.
A high-liquidity market is characterized by smooth movement, while in a low-liquidity market the shares of large individual players can bring chaos to the movement. 

Forex liquidity strategy
Forex liquidity strategy


Liquidity on Forex.

There are several factors that liquidity in forex pairs depends on.
I will name a few for you below.

Supply and Demand.
The fewer participants currently participating in the market, the less liquidity there is to find.
Large trading volumes provide the currency with a constant supply and demand.

Session.
Also, the trading session can play a big role in the liquidity of the market.
For example, USD Pairs show the most liquidity when New York is open.
And the Yen again when the Asian is open.

News and holidays.
The news or, for example, certain important holidays in certain countries can also do a lot to the liquidity of a forex pair.
To give an example during certain holidays we see very little volume back on the market because many banks and institutions are closed.

Summery.

I think you know most of it by now and I have also told the most important in this blog.

You can therefore very well include liquidity in your trading strategy.
Actually, this is just very clever.
I mean you don’t want to end up in a market where there is no movement at all or almost no movement?
We prefer good liquidity to trade.
And it is therefore really advisable to pay attention to liquidity while trading.

Do you want to become Success Supply and Demand Trader or want to know more about Forex liquidity strategy?

If you are a beginner trader and to become a good professional forex trader. Want to know more about Forex liquidity strategy? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.
JOIN HERE TFS COMMUNITY======================
Results – Instagram
====================== 

Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market


Tax on Forex trading / Is forex trading tax free?

Tax on Forex trading / Is forex trading tax free?

It is actually a question that I hear very often, also within my community.
What about taxes?
Do I pay tax on what I earn trading Forex?
The answer to this question is quite difficult!
This is because this is very different in every country.
Everywhere the regulations are different on this subject.
I will try in this blog to explain as much as possible about what I know about paying the taxes on your forex earnings in different countries.

Here is the maximum capital gains tax rate for individuals in some countries:
-United States 37%
-Sweden 30%
-The Netherlands 31%
-Germany 25%
-Spain 23%
-United Kingdom 20%
-China 20%
-Greece 15%
-Russia 13%
-Switzerland 0%

Tax on Forex trading

Tax on Forex trading

Here we see a number of percentages of a number of countries.
That you also have to pay exactly those percentages on your earnings is not entirely true in all cases.
For example, in the Netherlands where I come from, there is also a rule that the tax rate is more favorable if trading forex is not your main income.
I mean if you have a business or a job next to trading.
And In many countries the effective tax rate on those types of earnings can be much lower, depending on the total annual income of an individual, as well as on other circumstances.
It is therefore best to find this out with a financial advisor in your country.
But for a Forex trader there are also countries which is a true paradise.
I mean where you don’t pay taxes.
Might be worth considering moving?

Where is the tax paradise for the forex trader?

For example, you could move to the Bahamas.
Because if you’re a resident of the Bahamas, you don’t pay tax on your income and it doesn’t matter where your income comes from.
Or you can go to Bermuda. No corporate income tax is imposed in Bermuda, resulting in less compliance burden for corporations. And whether you are a resident or not you are exempt from personal income tax and capital gains tax in Bermuda.
And if you don’t want that either, you can also opt for the Cayman Island.
Where also no tax is charged for the residents.
Switzerland can also be beneficial for you if you are seen as a private investor.
Because in that case you do not pay any tax on your income from trading.
For example, there are still some countries where you can benefit from tax benefits as a trader. It’s just a fact that you pay a lot more in some countries than in others.

Do you want to become Success Supply and Demand Trader or want to know Tax on Forex trading?

If you are a beginner trader and to become a good professional forex trader. Want to know more about Tax on Forex trading? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY======================
Results – Instagram
====================== 

Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market



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