✅ Trade with our Sponsor Broker: Trade Nation
http://www.financial-spread-betting.com/ccount/click.php?id=95Trading Psychology. Technical Indicators: But do Indicators Work? Why Less Is More!
http://www.financial-spread-betting.com/Indicators-work.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE!
You may think that the more analysis you do, the better your trading will be. Anyone with access to a £300 laptop these days can now number crunch with hundreds of different indicators. I think people get afraid of technical analysis because there's always someone round the next corner with another idea/setting etc..., and it can be very 'stressing' trying to figure out who is right. However, the fact is that the use of these indicators has been greatly diluted over the years and it will come up as a relief for those starting from scratch to know that there are many professional traders who have proven results over the years without using many indicators. In fact, there are some traders who just use one single indicator to trade (for instance CCI or 200 moving average), while others may use a combination of simple indicators and techniques like support and resistance or moving averages.
The trouble with indicators is that there are too many of them and a number are just duplicates of each other. Just to mention a few -: Relative strength index, Bollinger Bands, Head and Shoulders, Double Tops and Bottoms, Trendlines, Candlesticks, MACD, Moving Averages, Momentum, Support and Resistance, Coppock, Breakout, Average True Range, Accumulation index, Fibonacci levels and Pivot Points...you could of course also go the exotic route and have Gann's square of nine, Murray Math or even Pryapoint or Grid lines using square root of price...phew there's just an awful lot...
No doubt an increasing number of traders are learning about technical indicators and will use them to make trading decisions. Indeed some people will spend hours and hours trying to find that holy grail combination of indicators that will help them find the road to fortune. The fact is that no technical analysis tool by itself will give you reliable buy or sell signals. There is no magic blackbox and the fact is there are few indicators more appealing than a simple plain price and volume chart; try to focus on the shape of the graph - does it look bullish/bearish and are there any key levels of support/resistance coming up? Sure, some other indicators coupled with these might give you a heads up where something might happen but the price action with a bit of volume analysis will tell you what is happening. Combining this with discipline and adequate trading capital has been the road to success for many traders.
Coping with Trading Psychology - Over Analysis - The first topic we’ll discuss in trading psychology is over analysis. Back in the old days of trading, you might have been hungry to get more information, but nowadays the problem is the reverse, you have far too much information available to you, and you have to be decisive in selecting what matters for your trading.
Even if you simply look at your broker’s charts, you have an almost infinite degree of control. Obviously, the phrase “analysis paralysis” comes to mind at this point. It is easy to think that just one more piece of information will refine your result, and therefore try to seek the critical piece when all you really ought to be doing is taking your trade. The fact is that in any charting situation, you can probably find good reasons to go long as well as a reasonable possibility of going short, and the more you look at it the more you will confuse yourself.
The simplest plan is to form a strategy and stick with it, considering perhaps three main factors in your decision process. Any other information is just noise, and will freeze you out of taking any trades. You may look for a market condition that says that overall the stock is in a rising trend. You can seek an indicator that tells you that it is not overbought. And you can base your trade on existing support or resistance levels. Whatever basis you use to select your trade, you have to learn to ignore the rest of the factors that may come to mind, such as broker recommendations, fundamental issues, etc.
Now what is set forward in the previous paragraph is not a strategy, but an illustration of factors that you may want to take into account in coming up with a trading plan. Your trading plan is intended to put you on the right side of each trade, but will sometimes succeed and sometimes fail. That’s a function of the markets. The time to look at alterations to your trading plan is not when you are in the market and having a couple of losses.
You need to have confidence in the trading strategy which you have put together, and trade appropriately, ignoring superfluous information.
About the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
List of ours generators⚡
Random YouTube Videos Generator
Random Film and Animation Video Generator
Random Autos and Vehicles Video Generator
Random Music Video Generator
Random Pets and Animals Video Generator
Random Sports Video Generator
Random Travel and Events Video Generator
Random Gaming Video Generator
Random People and Blogs Video Generator
Random Comedy Video Generator
Random Entertainment Video Generator
Random News and Politics Video Generator
Random Howto and Style Video Generator
Random Education Video Generator
Random Science and Technology Video Generator
Random Nonprofits and Activism Video Generator
