Next week could be one of the most exciting times for global stock markets! Two major events— the U.S. election and the US Fed FOMC meeting - could significantly impact market trends.
Before these events, we have an important economic announcement this Friday: the U.S. October Non-Farm Payroll (NFP) report.
1. Why is this Non-Farm Payroll report important?
2. What indicators should investors pay attention to?
3. How should t...

The most common mistakes made by junior traders.
After gaining profit, they become more relaxed and willing to take on greater risks. This is because, based on the current mindset of traders, they feel that the money used for reinvestment belongs to the market, not themselves.
Often, they tend to overlook the presence of risks, thereby leading to the origin of a vicious cycle.
Based on human nature, if one wins a sum of money, 80% of traders in the market will choose to continue betting. Among them, 60% of traders will bet even larger amounts than the initial one. Because, 'after all, it's not their own loss, so what's there to fear?' Over time, one will find that the desire to win becomes stronger and stronger, leading to a mentality of opposing the market. At this point, one wrong move is enough to end it all.
If you are facing this issue, do not panic. It indicates that you have entered the first stage. What is lacking is a systematic strategy; instead, it relies more on one's intuition to execute trades.
Traders who have not yet entered the market do not need to deliberately avoid this type of action and thinking because this is the inevitable path for traders, leading to a kind of experience and understanding.
What we need to achieve is a continuous self-correction, reducing trading based on emotions, and more on systematizing our own rules to find our own patterns!
Come on, traders 📈📈❤️

Technical analysis indicators, known to everyone... But it is actually a summary of experience.
The reasons are as follows:
1) There are many types of technical analysis indicators. In various theoretical systems, from its definition to its rules, there are obvious summarizations of experience. It does not have strict scientific characteristics, such as the definition of trends and reversals.
There are many different types of technical analysis theories. Simply put, almost every technical analyst has their own unique and exclusive insights. Furthermore, the connections between various technical theories are weak, making it difficult to piece together a complete and coherent system. Some technical analysts believe that the more indicators they use, the more advantageous it is for themselves. However, in reality, when making decisions, conflicting indicator signals ultimately lead to subjective conclusions. Therefore, it is still based on experiential intuition for an answer.
Technical analysis theories are not only limited to single-market analysis but also include practical content on how to adapt to the market and operate effectively. For example, a typical technical analysis saying, "Limit losses to a small amount and let profits grow fully," also includes aspects of money management, trading strategies, and planning.
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Because technical analysis has obvious experiential and strong subjective characteristics, in fact, it is an "art". Just relying on listening and learning is not enough to master it very confidently. One should implement it oneself and gain practical experience, so that technical analysis skills will improve from experience.
As the saying goes, "removing the coarse to retain the essence, distinguishing the false from the true". It means learning from the successful experiences of predecessors, absorbing them as one's own personal experience.

U.S. Election & Stock Market
During U.S. presidential elections, financial markets often experience increased volatility. Key trends include:
1. Market Uncertainty: Investors may react to the uncertainty surrounding potential policy changes, leading to fluctuations in stock prices.
2. Sector Performance: Certain sectors may perform better depending on the candidates’ platforms. For example, healthcare and energy stocks might rea...

"Rich people can speculate because they have the money to lose; people with little money cannot speculate because they cannot afford to lose; people who have no money at all must speculate because it is their only chance. I belong to the latter, no money for that 😅😅😅" - This is a classic quote about speculation from the great speculator Andre Kostolany.

【Truly powerful traders】
It's not about how brilliant you are in a bull market, but still being present in a bear market.