Live: Psychology, Technical & Fundamentals to Conquer trading

by | Sep 5, 2024 | Forex Analysis, Forex Education

Live: Psychology, Technical & Fundamentals to Conquer trading

In today’s live webinar, I discussed how to Understand market Psychology by combining it with technicals and stressing the importance of fundamentals in order to conquer trading.

Ashley went on to discuss trading shorter timeframes in the second half of the presentation, giving you lots of ideas and examples of how he trades.

Warren Buffett famously said that it’s wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.” However, the majority of investors and traders do the exact opposite!

This applies to all markets and especially for stocks, crypto or metals. You can make a lot of money if you get in at the right time. A great example is when I took the members who joined me in the crypto boom cycle in 2020/21. We saw insane gains because we entered at the right time. Along the way however I stressed the need to remove the initial stake AND take profits. Booms do not last forever.

Those who entered at the end of the bull run (the FOMO stage) would have taken significant losses.

The same applies to the SP500; if you had planned to retire and had a pension pot of $1 million at the start of 2008, your fund would have collapsed. Ergo no retirement and there have been numerous occasions in the following years where drops of over 20% occurred.

The better option would have been to buy lower, when the market was offering a discounted price for the SP500. This is when experienced professionals would step in and see this as a buying opportunity when others are fearful.

My clients and I have made a lot of money by catching crypto at the right time. More recently gold, silver and especially miners. All discussed again inn todays video.

I spoke in more detail about how to catch the right cycle at the right time in my previous live training session which you can find here: marc-live-successful-trading-investing-is-all-about-cycles/

Below is a market Psychology chart, which I showed in the webinar, and how greed and fear work.

Check out this post from Steve Burns on Twitter, who talks about the 4 market cycles and what they are.

Warren Buffet did it again this year. He started selling a significant percentage of his shares in Apple and other businesses and is now sitting with a record pile of cash. He sensed that now is the time to bank some profits and have cash if there is a crash. Last month, we saw the market drop by 10%, only to correct itself. The US government & Fed will try and do everything to keep stock markets high until the elections. We saw how they were manipulating the Job figures already.

Historically, September is the worst month for stock and crypto. October and November are historically the best months for crypto, so that is the time to be looking for bargains.

Below is a post showing the best and worst months for stock. Once again the summer is slow and September is not much better. Personally I am staying away from F.A.N.G & tech stocks and focusing mainly on gold and silver miners.

best and worst months for stock

Everything about investing & trading is controlled by money management, for which risk management is key. If you ahve no money left you can not participate even if all your planning and research is spot on!

Below is an interesting chart showing showing the gains needed to get back to even if you suffer a drawdown:

I also showed you why I have been paying more attention to the metals for the past couple of years.

There is so much to catch up on, which is why I always tell you to read around the news and be aware of the basic fundamentals. If you struggle to keep up read Marc Chandlers articles. He provides excellent fundamental analysis.

You can read his latest article summarising September

September 2024

Also, check out Ashley’s post from last week, where he summarises how he uses the M2 strategy to stay profitable in the markets. Members gave good feedback on this post so you might find it useful 🙂

650x60 100 Free training course 4

You can also check out my Twitter feed, where I share interesting weekly articles.

https://x.com/marcwalton

Ashley went on to discuss trading shorter timeframes in the second half of the presentation

You can watch the Full webinar below.

In the first 10 minutes I showed folks how to set up my template correctly and went through using Fibs once again as many folks struggle with the concept and where to fib from and to:

Kind regards,

Marc

Related posts:

trading, analysis, forexWeekly analysis: Tradable week ahead TrapLive: Set the trap fangs that biteForex Fundamentals: Fangs That Bite possibleWeekly Analysis: Possible Hawkish $

None of the Forex Mentor Pro team nor its owners (expressly including but not limited to Marc Walton), officers, directors, employees, subsidiaries, affiliates, licensors, service providers, content providers and agents (all collectively hereinafter referred to as “Forex Mentor Pro ”) are financial advisers and nothing contained herein is intended to be or to be construed as financial advice

Forex Mentor Pro is not an investment advisory service, is not an investment adviser, and does not provide personalized financial advice or act as a financial advisor.

Forex Mentor Pro exists for educational purposes only, and the materials and information contained herein are for general informational purposes only. None of the information provided in the website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The information on the website should not be relied upon for purposes of transacting securities or other investments.

You hereby understand and agree that Forex Mentor Pro, does not offer or provide tax, legal or investment advice and that you are responsible for consulting tax, legal, or financial professionals before acting on any information provided herein. “This report is not intended as a promotion of any particular products or investments and neither Forex Mentor Pro group nor any of its officers, directors, employees or representatives, in any way recommends or endorses any company, product, investment or opportunity which may be discussed herein.

The education and information presented herein is intended for a general audience and does not purport to be, nor should it be construed as, specific advice tailored to any individual. You are encouraged to discuss any opportunities with your attorney, accountant, financial professional or other advisor.

Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties of any kind, either expressed or implied. Forex Mentor Pro disclaims all warranties, including, but not limited to, any implied warranties of merchantability, fitness for a particular purpose, title, or non-infringement. Forex Mentor Pro does not promise or guarantee any income or particular result from your use of the information contained herein. Forex Mentor Pro.com assumes no liability or responsibility for errors or omissions in the information contained herein.

Under no circumstances will Forex Mentor Pro be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content contained herein. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.

Marc Walton, owner of Forex Mentor Pro, communicates content and editorials on this site. Statements regarding his, or other contributors’ “commitment” to share their personal investing strategies should not be construed or interpreted to require the disclosure of investments and strategies that are personal in nature, part of their estate or tax planning or immaterial to the scope and nature of the Forex Mentor Pro philosophy.

All reasonable care has been taken that information published on Forex Mentor Pro website is correct at the time of publishing. However, Forex Mentor Pro does not guarantee the accuracy of the information published on its website nor can it be held responsible for any errors or omissions.