Michael Covel has dedicated three books on the legendary turtle traders group and their so-called “trend following” trading strategy. This article is my personal view of his work, the lessons I personally took from them, as well as my opinion on them.
This article should not be viewed as a replacement of the book but rather as an introduction or as a side guide. Everybody learns and takes away different things from a book from another.
The Story Behind the Legend
Although trend following is an old concept, it took form after the Chicago trader Richard Dennis started the turtle traders group. Other historical traders…
Another great indicator for every trader is the Average True Range (ATR) oscillator. In this article, I will analyze its history, calculation, and use.
History
This indicator has been created by J. Welles Wilder Jr, the same creator of the Relative Strength Index (RSI). He wrote about it in his book titled “new concepts in technical trading systems”, in 1978.
Blockchain technology came to not only revolutionize the financial industry but any other industry imaginable. The tokenization process will help the smaller retail investors get their hands on investments like art, real estate, collectibles, and many more.
On the 11th March 2021, the above image was sold its unique NFT version for $69,346,250. Some might think “why this image cost so much”, and the answer is the reason that the “Mona Lisa” by Leonardo da Vinci cost almost 1 billion US dollars. As “Mona Lisa” can be copied both digitally and physically so can the above NFT. What’s unique though…
Created by the “father of trend following,” Donchian channel is a great indicator for every trader. This indicator is one of the most straightforward in calculation and reading.
It is categorized as an overlay, lagging, and volatility indicator.
History
Richard Donchian was an Armenian commodities and futures trader and a self-taught market technician. He was born in 1905 and died in 1993, Richard Donchian is been considered as the father of trend following. The most influential book in his life was the book of Jesse Livermore, Reminiscences of a Stock Operator.
In this article, we will dive into the world of cryptocurrencies and I will show you some ways that you could earn your first cryptocurrency tokens for absolutely free.
01. The Brave Browser
One of the best ways one could start earning cryptocurrencies is the Brave browser. I have written extensively about this browser in my article ‘A complete guide to Basic Attention Token (BAT) for content creators and YouTubers’. For now, I need to mention that this solution is the easiest to use and more convenient for starting earning your first cryptocurrency, BAT.
02. Stacking Litecoins in Bluewallet
This method will help you earn some Litecoin sats by…
This blog is dedicated to investing, the answer to how can effectively use our financial resources to cover our needs, better our lives, and plan for the future.
This article, hopefully, will help us think of different ways in which we can start from zero and put fuel into our investments. We will start with a tabula rasa and think of ways to work our way up. Everyone has “assets”. Something of value that can trade for financial resources, which will later be used to fuel investments.
1. The asset of time.
This asset is the one that every one of us has in common…
Every beginner trader, after a good course or book, after some good software tools, and after some mental training needs a very good community around him or her. Trading as a profession requires little or even no human interaction. At first, it might be great for introverts but after a while, even they will start seeking a place where they can share their passion. That’s why forums are great for even the most advanced traders in the game.
In this article, I will share with you a list of great forums for trades and investors. Not every single one will…
The first step for everyone that wants to become a forex trader is to open an account with a reputable broker. One must check for various variables in order to find what suits his or her needs. A broker must be regulated with a reputable organisation to prevent nefarious techniques. It also needs to support various products for trading, trading platforms, but also it needs to be relatively cheap.
Below you can find some broker choices for everyone who wants to trade the forex markets, with some facts about them. Of course, one must also do his or her own…
Inside the realm of technical analysis, there is only one king. His name is “Price Action.” This is the first subject a beginner trader should need to master.
Simply put, price action is the movement of the price in relation to time. All the transactions within an instrument create a summarized chart, and this is the most important indicator that we have to analyze.
The History of Japanese Candlesticks
This particular chart type dates back to the 1700s in Japan. Munehisa Homma, a Japanese businessman, used the candlestick charts to track the price of rice. …
