A Telepath Trader Reality or Myth

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A Telepath Trader: Reality or Myth

In trading, you can’t rely only on your gut. Every beginner, who has ever tried to close a trade without proper market analysis, know this all too well. However, the wild success of traders who earn tens of thousands of dollars daily begs the question, do they have some kind of psychic ability? Some spend years trading and fail to earn more than their initial investment, whilst others become millionaires over the course of several years. Is there something more to their success than simply a better understanding of trading and vast experience? In this article, we will discuss whether there is such thing as a psychic trader, or if it is just a myth spread by those who wish to justify their trading failures.

So, the majority of us have heard of the most famous figures in trading, such as George Soros, Nick Neeson, Bill Williams, and many others whose overall wealth amounts to tens of millions of dollars. How did they manage to reach such lucrative financial heights, and what is their skill lies not in market analysis, but telepathy?

From the beginning of time, humanity has accused things they don’t understand of being magic or something supernatural, which is why, during the Inquisition, not only were a large number of beautiful women burned at the stake, but also many talented minds. And although these days we live in a modern world with nanotechnology and artificial intelligence, the instinct to call anything we can’t explain mystical re-emerges every time. Such as, when we can’t explain some kind of event, or even if touches on someone’s astounding success in specific professions like trading. On the contrary though, if you take a closer, more objective look, even the financial successes of millionaire-brokers have better, more tangible explanations. So, let’s assess why it is possible to be a professional without any psychic abilities.

The Simplest Approach is a Complex Forecasting Mechanism

In the context of this approach, futures contracts, as a financial tool, are clearly the simplest. When closing a trade, you only need to set three conditions, the sum, the expiration period and the forecasted price movement, up or down. Meaning that there is no need to take leverage, limited orders spreads or swaps into account when forecasting or closing trades. They are not relevant to this type of contract, unlike others. Also, with futures contracts, there is no need to wait around for the price to reach its peak, as one point of price movement in the forecasted direction is enough to produce up to 90% returns on the initial investment. The trading terminals for this kind of trading are significantly more user-friendly than trading platforms for, let’s say, margin trading. At first glance, what could be so difficult about choosing one of the two directions of price fluctuation?

The issue is that approach itself to working with futures contracts tempts many to trade impulsively, leaving it up to fate, lunar cycles, or horoscopes for example. Here specifically is where you find the assumption that successful traders are just psychic and able to foresee the future course of the EUR/USD. However, in reality, their actual trading advantage lies in their ability to apply traditional approaches to technical and fundamental analysis, already well-known for decades, to forecast the price of this or that asset.

Supply and demand influence the value of this or that asset. The demand for an asset is the result of traders and investors aspiring to make the asset cheaper, so as to re-sell it when the price increases. Conversely, supply forms on the market as a result of traders and investors expectations of asset prices dropping, so as to buy them at a lower price. Every day there is a struggle between those who wish to sell (bears) and those who wish to buy (bulls). This struggle specifically is driving force of asset price fluctuation.

It is very hard to forecast why traders change their outlook, as many factors have an effect on their interest in buying or selling an asset. Furthermore, it isn’t possible to be 100% certain in any specific future dynamic or the direction of asset price movement. 80% is way more realistic! There are specific approaches to market analysis that absolutely every trader uses.

How can you predict the market?

There is not one trading educational course built around predicting future market movements through psychic ability. Do you know why? Due to the fact that there is not one documented case of a person, with no grasp of technical analysis whatsoever, trading intuitively and making a profit off every single trade.

What are the approaches to market analysis? Despite the unpredictability of traders’ moods, it is possible to make out a clear pattern from their behavior, meaning that the price moves naturally in a cycle on the chart, from which future growth or decline is clear. For example, after the narrow zone of rate consolidation, when traders activity drops as they await some economic or political event when there is a natural surge in market activity, where is it possible to place trades that are closed on a profit. There are many of these asset price fluctuation patterns that are identifiable on charts. Technical analysis trading strategies are built specifically using various famous patterns, allowing for the forecasting of future rate movement with 80-90% certainty. For identifying these patterns, both technical indicators and chart tools are used. To put it simply, a trading strategy is a collection of identification rules used to forecast patterns through various means of analysis. Trading with several strategies specifically gives traders the best chance to earn profits from closing trades. Successful traders know all too well that throughout the trading process there is no room for chance or gut instinct. This is an example of what a professional trading platform for futures contracts looks like. It is equipped with a wide array of chart customizations, technical indicators, and chart tools, allowing you to utilize any trading system you wish.

Admittedly, knowledge and experience alone don’t explain trading success, as the trader’s psychology plays a meaningful role as well. The point is that only highly disciplined and motivated traders can reach such financial heights. They take trading seriously and have control of their emotions such as stress, passion, greed, and hysteria. In particular, knowledge and experience combined with attitude psychologically enable them to achieve their set goals.

Therefore, in regards to successful professionals, psychic traders, who close trades based only on their gut instinct, virtually never come up. We mean the driven, disciplined people, who dedicated themselves to studying the various trading strategies and how to best control their emotions. In order to earn thousands of dollars daily, every trader must tirelessly strive to foster qualities such as discipline and drive in themselves, and slowly study, practice and perfect various approaches to market analysis.

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The Telepath Trader

We have previously outlined how traders produce forecasts for such chaotic rate movements and earn impressive profits. So, do psychic traders exist nonetheless? Let’s take a minute to imagine that a person exists who forecasts the market using their gut instinct exclusively. In that case, they would be the richest person in the world, who knows the exact moment to buy and sell various assets. On the other hand, the existence of such a psychic trader would mean that all of the currency assets, raw materials, and securities with the most liquidity and potential would fall into the hands of one person as they would be able to play the entire financial market. Accordingly, that person would be able to rule the entire world and capture and control other countries. That would also mean that there would be no further point in financial trading, as the typical patterns of price movement that technical analysis is built on, would no longer apply.

However, we will also not categorically rule out this phenomenon, as the human brain and its abilities are not completely known. Although we can explicitly state that the all the staggering success traders have achieved is exclusively thanks to their serious and motivated approach to trading combined with gradual self-improvement of rate fluctuation forecasting. Furthermore, there are people that simply have more developed intuition, sensitivity, attention to detail and are more observant, who progressively study the financial market and catch on more quickly to the slightest shifts. Therefore, instead of trying to develop a psychic sense or blame your misfortunes on lacking second sight, better educate yourself! To that end, these days many companies offer users an educational course free of charge in basics of trading, including exchange terminology, interactive learning, and step-by-step instructions:

Also, the best companies offer demo accounts as well, which allow you to gain the necessary skills with virtual money on a real platform. When you begin to trade independently it is you should continue improving your knowledge, market analysis skills, and trading psychology. After that, you must rid yourself of that “telepath” part of you, as you can close the majority of trades profitably without it, increasing your capital with every trade.

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The “Twins” trading system

The effectiveness of speculative operations on the financial market always depends on the quality and accuracy of the analysis that the trader conducts. To achieve stable performance indicators, all investors use strategies with a variety of market assessment techniques and analysis tools. Today we present the “Twins” indicator system, which works perfectly on the futures market and allows its users to achieve profitable trades at a rate of at least 87%. As a result, when applying this system any market player will be able to get fast and large capital increases in the shortest possible amount of time.

The operating principle of the strategy

The algorithm for assessing trading quotes on the “Twins” system is based on the use of indicators with combined analysis modes. To get started on the system, you will need to set up your trading chart. For these purposes, select a relatively volatile instrument for your asset and set the time frame period to 1 minute in the settings. Now configure the following indicator services on the chart field:

• Donchian Channel – the strategy requires an instrument for technical analysis of this format to determine the dynamic boundaries of market fluctuations on the chart. With the help of this service, we get on the liquidity chart clear indicators of market extremes in a certain time period of quote fluctuations, which will allow us to determine relatively clearly the possible points of trend movement change of the asset price

• Chaikin Oscillator – the system uses two oscillators of different formats that build two levels of the signal filtering system, which makes it possible to maximize the signal accuracy for trading and the effectiveness of the strategy

As you can see, the system uses a rather non-standard set of tools for trading platforms on the futures market. Therefore, if your terminal for options trading does not allow you to work with these indicators, you can take advantage of the free, professional live charts service on tradingview.com. After setting up the indicators and configuring the chart, you will see on your screen the following type of technical markup necessary for quote analysis:

Trading signals

To open a trade on the futures market UP, it is necessary to wait for the following combination of signals:

• The Conditional Expression indicator shows a stable upward trend with its moving

• As a result of building, the price quotes intersect the red level of the median of the Donchian channel upwards

• The moving of the Chaikin Oscillator intersects the scale’s median upwards or is already above the specified level

To open a trade on the futures market DOWN, it is necessary to wait for the following combination of signals:

• The Conditional Expression indicator shows a stable downward trend with its moving

• As a result of building, the price quotes intersect the red level of the median of the Donchian channel downwards

• The moving of the Chaikin Oscillator intersects the scale’s median downwards or is already below the specified level

Trade expiration

The system generates up to 15 trading signals an hour – this allows you to engage in very dynamic trading with futures contracts, which opens up good prospects for a rapid increase in profits. To maximize the effectiveness of the strategy and rapidly increase your capital, use trades with an expiration range of 5 minutes. To reduce the dynamics of trading, you can use trades with an expiration of 15 minutes.

Money management

Under the standard conditions of market movement, the system almost never fails. But with bursts of volatility associated with news drivers influencing the market, the strategy can give incorrect trading signals, which leads to a loss of funds. To ensure that your capital does not suffer big losses, you must correctly set the risks for your trades – the optimal performance indicator for stable increases in capital is the level of 5% of the amount of capital for one contract.

“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds.”

A Telepath Trader: Reality or Myth

Not Sure How to Use a Trainer?

It’s easier than you think.

While there are many different kinds of trainers and editors out there, the basic principal is the same. Trainers are small applications that allow the use of special cheats that are not included within the game.

In this instructional video we go over step by step how to download, launch and use a trainer with easy to understand explanations of the entire process.

Give it a try, you just might surprise yourself.

Not Sure How to Use a Trainer?

It’s easier than you think.

While there are many different kinds of trainers and editors out there, the basic principal is the same. Trainers are small applications that allow the use of special cheats that are not included within the game.

In this instructional video we go over step by step how to download, launch and use a trainer with easy to understand explanations of the entire process.

Give it a try, you just might surprise yourself.

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    Best Binary Options Broker 2020!
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    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

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