1. KEEP IT SIMPLE. Do not throw a million things on your chart from the get go or over analyzing what the market is doing while trying to learn the basics. Tons of stuff on your chart can actually slow your learning by distracting your focus on all your bells and whistles and not the price action.
2. PRICE ACTION. Learn how to read price action. Not just the common formations, but larger groups of bars that form the market structure. Those formations carry more weight the higher the time frame they form on. If struggle to understand what is going on or what your looking at, move to a higher time frame.
3. INDICATORS. If you do use them you should try to understand how every indicator you use calculates its values. Many indicators are lagging indicators, understanding how it calculates the values can help you learn how to identify the market structure before the indicator would trigger a signal . This will help you understand why the signal is a lagged signal. If you understand that you can easily learn to look at the price action right before the signal and learn to watch for that price action on top of it almost trigging a signal so you can get in at a better position and assume less downside risk. I recommend using no more than 1-2 indicators for simplicity, but your free to use as many as you think you think you need or works for your strategy/trading style.
4. PSYCOLOGY. First, FOMO is real, don't feed the beast. When you trade you should always have an entry and exit. If you miss your entry do not chase it, wait for a new entry. At its core trading is gambling and your looking for an edge against the house (the other market participants). With that in mind, treat as such. Do not risk more than you can afford to lose. If you are afraid to lose it will negatively effect your trade decisions. Finally, be honest with your self and bad trading happens. No one is going to play trade cop and keep you in line, that's your job.
5. TRADE DECISION MARKING: Before you enter any trade you should have an entry and exit area. As you learn price action you will get better entries and better exits. Use a larger zone and stop loss at the start while learning. Then you can tighten it up as you gain experience. If you do not have a area you wish to exit, or you are entering because "the markets looking like its gonna go up". Do not enter the trade. Have a reason for everything you do, if you cannot logically explain why then you probably should not be doing it.
6. ROBOTS/ALGOS: Loved by some, hated by many who lost it all to one, and surrounded by scams on the internet. If you make your own, find a legit one that works and paid for it or lost it all on a crappy one, more power to ya. I do not use robots because I do not like having a robot in control of my money. There is too many edge cases for me to be ok with it.However, the best piece of advice about algos was that the guy had a algo/robot for each market condition (trending/ranging) and would make personalized versions of each for currency pairs as each one has its own personality and can make the same type of movement along side another currency pair but the price action can look way different or the move can be lagged or leading. So whenever he does his own analysis and he sees a trend, he turns the trend trading robot on. If the trend stops, and it starts to range he turns the range trading robot on. He uses robots to trade the market types that he is bad at trading. For example, I suck at trend trading because I just suck at sitting on my hands and letting my trade do its thing.

Trade the Trade - The Methodology

1. Trade Setup: Find a trade setup using high level time frames (daily, 4hr, or 1hr time frames). The trade setup will be used as a base for starting to figure out a bias for the markets direction for that day.
2. Indicator Data: Check any indicators you use (I use Stochastic RSI and Relative Vigor Index) for any useful information on higher timeframes.
3. Support Resistance: See if any support/resistance/pivot points are in currently being tested/resisted by the price. Also check for any that are within reach so they might become in play through out the day throughout the day (which can influence your bias at least until the price reaches it if it was already moving that direction from previous days/weeks price action).
4. Currency Strength/Weakness: I use the TradeVision currency strength/weakness dashboard to see if the strength/weakness supports the narrative of my trade and as an early indicator when to keep a closer eye for signs of the price reversing.Without the tool, the same concept can be someone accomplished with fundamentals and checking for higher level trends and checking cross currency pairs for trends as well to indicate strength/weakness, ranging (and where it is in that range) or try to get some general bias from a higher level chart that may help you out. However, it wont help you intra day unless your monitoring the currency's index or a bunch of charts related to the currency.
5. Watch For Trading Opportunities: Personally I make a mental short list and alerts on TradingView of currency pairs that are close to key levels and so I get a notification if it reaches there so I can check it out. I am not against trading both directions, I just try to trade my bias before the market tries to commit to a direction. Then if I get out of that trade I will scalp against the trend of the day and hold trades longer that are with it.Then when you see a opportunity assume the directional bias you made up earlier (unless the market solidly confirms with price action the direction while waiting for an entry) by trying to look for additional confirmation via indicators, price action on support/resistances etc on the low level time frame or higher level ones like hourly/4hr as the day goes on when the price reaches key areas or makes new market structures to get a good spot to enter a trade in the direction of your bias.Then enter your trade and use the market structures to determine how much of a stop you need. Once your in the trade just monitor it and watch the price action/indicators/tools you use to see if its at risk of going against you. If you really believe the market wont reach your TP and looks like its going to turn against you, then close the trade. Don't just hold on to it for principle and let it draw down on principle or the hope it does not hit your stop loss.
6. Trade Duration Hold your trades as long or little as you want that fits your personality and trading style/trade analysis. Personally I do not hold trades past the end of the day (I do in some cases when a strong trend folds) and I do not hold trades over the weekends. My TP targets are always places I think it can reach within the day. Typically I try to be flat before I sleep and trade intra day price movements only. Just depends on the higher level outlook, I have to get in at really good prices for me to want to hold a trade and it has to be going strong. Then I will set a slightly aggressive stop on it before I leave. I do know several people that swing trade and hold trades for a long period of time. That is just not a trading style that works for me.

• Fundamentals
  • I keep a general high level Macro outlook for currencies. I dont get too deep into Fundamentals and just keep an eye out for news. If I am already in a trade I will hold it if its far enough away from my entry. However, I wont enter right before/during news as it can invalidate your setup.
• Price Action
  • I started with the basics of learning the standard price action formations/patterns and candles. You can find tons of free info on that online, google is your friend. Then I stared at charts and said "why did the price do that or do this etc" then after a while I started to understand what's happening without having to think about it and I can see the market structure without having to look as closely as I did in the past.
  • After many many hours of staring at 5 min charts for 15 hours a day 5 days a week I learned how to look at 5 min charts and be like "Oh that's a hammer on the 15 min etc. If you keep track of time you can do the same for hourly candles as well and you will start to see market structure naturally. However I typically trade in a two chart panel window so I have a 15 min and 5 min chart up when trading intra day so I dont have to think too hard about it.
• Support/Resistance Lines
  • Draw support resistance lines on Daily/4hr timeframes. I prefer to use body of the candle instead of the wick for support/resistance.
  • You can find support/resistance liquidity levels through out the day as well and trade those if the price retraces back through levels its already been through that same day.
  • It would be a bit length to explain exactly the best place to draw them. If your unsure there is plenty of free resources on the internet. Just try to use your head and look for price levels where the price was "Supported" or it "Resisted" that price level then slap a line on it. Draw as few or as many lines as you feel helps you and your style. I tend to lean on the side of fewer. I typically do about 6 lines main support/resistances (3 of each).
• Fibonacci Extensions
  • Draw two Fibonacci Extensions. One on the daily timeframe, and then one on the 4hr time frame. Then you can trade the Fibonacci levels and use them for TP targets or entry zones if price action respects the level. Also you can use it along with support/resistance and pivots if they happen to line up or are very close.
  • I cannot really figure out how to put it into words how to draw a Fib if you dont know how. I will have to make a picture to demonstrate it. If your interested post below and I will draw one up and post a link. Probably the easiest way to understand. Just keep in mind the Fib you draw on the 4hr time frame will be inside the daily timeframe one.
• Currency Strength/Weakness
  • The TradeVision2020 dashboard that I use just helps me keep a tab on the current market post plus any swing strength/momentum a currency might have on higher time frames. Helps me look for shifts in the market or confirmation that the bias it already has in momentum is continuing. I have found that often currencies when they get really/weak or strong might continue for several days or even longer like a full week or more. We recently had what felt like 1 week or so of flat out Yen weakness which was making some things wonky. All it does is allow me to look at the dashboard instead of a million other charts.
• Indicators
  • I use two that work well for my intra day style. The Stochastic RSI is just like a RSI but its faster. The second is the Relative Vigor Index which I use to detect swings in momentum and divergences in bullish/bearish momentum. I have used many others in the past, but as I have grown and got better as a trader I have found making my analysis simpler has improved my trading.I dont like the whole idea of have 43 different indicators on 32 different time frames light up a dashboard to be green for me to enter a trade. With how I do it now, I have a clear understanding of what I expect to happen and why. That way when it does happen I understand the move and dont get freaked out if the market moves funny after I am in the trade.

• Fundamental Bias: I already had a bullish fundamental outlook on EUUSD with expecting the markets to price in future similes due a higher an higher chance of Biden winning on paper as the election closed in and a "Blue wave" coming which would lead to a weaker dollar. Also, the Euro Zone is getting hammered with COVID pretty hard plus Brexit drama so I had a strong Euro bias.NOTE: As frame of reference, all the other pairs I trade I traded as if they were ranging and trade a range. Markets are messed up right now.
• Currency Strength/Weakness: I use a tool that gives me a currency strength/weakness dashboard called TradeVision2020. Helps me track individual currency strength/weakness intra day. Took me about a month to get used to it, but helps me keep track of intra day strength/weakness that can add a bias to trade direction as the day unfolds. Like "Will this run have a 2nd or 3rd push higher" or "I should look to TP at the first sign of weakness in the push" type bias data. You still got to use your brain and figure out the best decision. It wont make choices for you, its only a guide.NOTE: I am not trying to adverse the tool (if providing the code is against sub rules let me know), its just a tool I use every day that helps me with directional bias calls. I am sharing the coupon code that was given to me when I found out about the tool in the TradingView forex chatroom and the guy gave me the code to use when I signed up. I dont want someone to read the name and want to try it out then overpay for no reason. The coupon will give you 40% off. Coupon Code: 3F7A0T5T
• Higher Timeframe Analysis: Detected some early signs of Bearish Divergence on the 1hr chart using a on a higher time frame using a Stochastic RSI. Then I saw more confirmation on 5 min charts using Relative Vigor Index to help time my entry mid session.
• Pivot Points: I treat pivot points like support/resistance and trade them as such using price action to give me some idea how its being treated by the market. Pretty straight forward.

1. Let’s start with the NUMBER OF STOCKS.

1. ETFs

1. Fees

1. Fractional shares

1. MISCELLANEOUS

• Social Trading -

• Layout -

For a quick, easier search - http://www.isthisanmlm.com/ has compiled this whole thread. Special thanks to u/SHIFTnSPACE. - This is now a part of the sidebar as a button widget!

What is an MLM?

1. Paid Surveys - Did you know that thousands of South Africans earn extra income by simply participating in online surveys to help local companies improve their products? Finally, now you have an opportunity to do this as well! You can find a list of the top survey sites for South Africa HERE
2. Selling Your Photos Online - Selling photos is a wonderful way to make money online if you have an aptitude for photography. Two popular platforms that you can try are Shutterlock and Unsplash. Every platform will have different requirements, but they will all pay you in hard cash. Though the photography market is quite hectic, it’s still a good method of gaining a passive income if you’re persistent and professional. Plus, the opportunity for additional sales is higher when your photos become popular. Many companies need photos of landscapes, and we all know that South Africa has some of the most amazing scenery in the world. In some cases, a smartphone is enough to get started, depending on the stock photo site you choose.
3. Be a Freelance Content Writer - Freelance writing is a serious online business. The internet enters most areas of our life, and the need for blog articles and various types of content is exploding. There are many kinds of online writing work, and many people need things like product descriptions or simple reviews. Before going further in this direction, you first need to set up a blog or website. This will be an amazing portfolio where you can demonstrate to potential clients or businesses that you can deliver great work. A LinkedIn profile can be created to function as an online portfolio as well. Don’t forget that many writing clients will want to see specialized work, so be sure to consider what area you would like to specialize in. The pay for online writing varies, but with some practice, you should be able to make a decent part-time income.
4. Sell Unwanted Goods - You can sell your unwanted stuff to people who want it and make your side business a real money maker. There’s plenty of options to use for sales such as Gumtree or Amazon. Don’t forget to do some research and see what assets have recently been sold so you have a target price. If you a business, you can sell other people’s goods as well. Many people don’t have the time or patience to sell goods online, and you can do it for them. If you charge a reasonable percentage of the sales, you can make a solid business out of selling used goods online.
5. Build a Personal blog/website - Not only can you write for companies to gain income but you’re also able to run your own blog to raise money as well. Set your expectations at a reasonable level because this job requires consistent practice and lots of patience. Bloggers make a profit, often through press coverage, advertising products, and writing sponsored guest posts. You will need to run the blog for a while before you can expect to see any profits, but it is very simple to get started. Check out some of the other ideas on this list for ways to leverage a blog for greater income, like selling drop shipped items.
6. Legitimate Remote Jobs can Pay Real Money - Many companies are heading to a work-from-home style of business since this type of model helps save money, and eliminates the risk of illnesses. People are completely flexible while working for a company and selecting where they decide to spend their time.CrowdSource, for example, hires remote writers, editors, and other jobs that can be done easily from anywhere. Companies like Fast Chart offer work-from-home options for medical transcriptionists. You can also try seeking opportunities at LiveOps, a call center staff. You might be surprised at how much time and money you save when you work at home. There is no transit, and you can cook for yourself. Think about it!
7. Become a Dropshipper - Dropshipping is not a strange term, especially when eCommerce is booming. Anyone can be a drop shipper since the work requires low investment at the beginning and also guarantees minimal risk. The system operates by purchasing the stock (goods) from a third party supplier or manufacturer, who then fulfills the customer’s request. You don’t have to shop or handle goods in advance because the product comes directly from the vendors whenever an order is placed by a customer. There are many dropshipping platforms out there, and some are basically free to use. You will need to figure out how to market the goods, which is where a blog or website comes in very handy.
8. Affiliate Marketing - Affiliate marketing is a popular method of making money online in South Africa and across the world. You can sell into a variety of markets with this business model, and make money almost anywhere. You can generate revenue from product sales. In other words, affiliate marketers will refer readers to a lot of products and get a small cut from them. Once a customereader buys products, you will earn a commission. A widely known approach is to start creating your own blog in a specific niche and to establish a trustworthy community that can purchase your promotions. Unlike dropshipping, you simply get a commission and have no other responsibilities. So easy! Check out SA’s leading affiliate network – https://www.affiliate.co.za/
9. Online Business with Etsy - Try selling DIY designs and crafts on Etsy if you’re a skilled maker. An Etsy shop is basically free to operate, and you can make real money with the platform. Once your registration is complete, you can start posting photos of your works, and people can purchase your products. There is really no limit to what can be sold on Etsy, but make sure that you are able to send your goods to other countries, as many buyers are likely to be in the EU or North America. A PayPal account is important to have and also a popular payment choice so that customers can pay you quickly. Take nice pictures of the items to help draw purchasers into a sale. Make sure that you have good customer service as well, or you won’t be selling on the platform for very long!
10. Forex Trading - You might have heard about trading FOREX or Contract For Difference (CFD) trading. The basics of this online money-making are simple. You will choose a currency pair, and bet on the direction of one currency vs. the other. For example, you could speculate that the EURO will appreciate vs. the RAND (or just about any currency). If you are correct, and then sell the contract, you will make profits. While this might sound easy, most people who do this lose money. In addition to currency, most retail FOREX brokers will allow you to trade in other markets, such as commodities, or shares. If you are looking for a reliable income, this probably isn’t right for you. On the other hand, if you don’t mind taking on risks, trading FOREX can be extremely profitable.

• If you can reasonably predict positive price movement these should be your go to position to capture delta and gamma. Otm has better delta to price but comes at the cost of worse theta to price. I recommend getting slightly OTM options to balance collecting gamma with exposure to theta risk.
• Optimal position size: The total size of spy correlated longs should not exceed 25-50% of your account balance. Only double down on a losing position if your longs get blown up. Your risk return from delta gets better the more blown up your contracts get and exponential gains can bring you back to green.
• When to sell? Sell when you think there's a chance risk from theta or vega might outweigh delta gains. Also sell when the underlying moves against you but that should be obvious. Delta goes up the more you go into the money so its better to hold winners than profit take early when possible.
• Profit taking: If you don't want bail from a position completely when you profit take consider selling a call to lock in most of your profits while retaining some delta risk with a debt spread.
• You will take losses buying tons of longs but if you do it right your winners will outweigh your losers easily.

• If you're doing wheel, go for it. Selling naked longs shouldn't be done otherwise unless you want to park your cash somewhere and bond yields are too long for your liking or you anticipate a IV decrease. The tradeoff is receiving gains from theta, smaller delta per dollar spent(lower risk) and less options leverage.

• For all intents and purposes OTM credit spreads are like selling naked with more leverage.
• Edit: The prior statement was kinda wrong. Selling a wide credit spread is like selling a long. There's still a tradeoff with reduced gains from theta and reduced delta.

• When deciding between debt or credit make a prediction about whether IV will increase or decrease and whether you want risk up front or later.
• Absolutely do not buy OTM debit spreads in any situation where you wouldn't buy the same position as a credit spread. Compared to a long call you're reducing your delta and vega in exchange for the possibility of theta gains as you reach the short leg of your spread. If you actually managed to reach the short leg of your debt spread before expiration a long call would have made many times more money and now you're stuck sitting on your debt spread waiting for theta to decay it to its maximum value at expiration. Every youtube resource I've seen on debt spread pricing is wrong, if your spread goes completely in the money you will not have something worth max value, you will have something that decays towards max value akin to a close to the money credit spread.
• The best usage for OTM debt spreads is as hedges where you think the price will reach a certain point at some specific point in the future and you're worried about adverse movements in delta or IV between now and then.

1. may member ba sa Trader's lounge na consistently profitable na? with rising equity curve?
2. Do you think the best traders out there did not spend any cent to boost their career to the top?

1. Read the trading code by jason cam.
2. Download any price action videos/books . Ex. Steve nison books
3. Try out Bigote's framework or enroll with any one of those services , but i would recommend open journal, BOH, T3 or caylum. If you want ZFT or kidlat then go for it.

1. When I was 12 years old, I had the desire to become an artist (a DJ/Electronic music artist). I had tons of ambition and motivation and had set my goal for life. From that point in my life I kept pursuing it and put in the hard work to achieve it. It was literally the thing that kept me awake at night. I imagined and visualized my dream of standing on a stage in front of 10k people and playing my own music. I visualized one of my idols supporting me and my music. That was the person I looked up to, the guy who sparkled my fire and inspired me to achieve something similar.
2. Years went by where I got laughed at on every online forum possible. My music sucked, I was too confident about my thing and people basically told me it was pure shit haha. Yet it did not stop me from pursuing my dream. I was the little kid amongst older guys being better at this music production thing. It was fun to be honest. After 3 or 4 years, when I was around 16 my music got noticed by someone bigger than myself. My music started to get noticed by local clubs and "famous" DJ's. They started playing it every single week in clubs and reached out to me. That's where it all began. Somebody I looked up to emailed me and wanted to make a song together. That's what opened many doors for me. Eventually, it led to releasing (and distributing) a real song under my name and having more support and plays as I wished for.
3. After a few more musical releases, I got approached again. This time by one of the biggest artists within this scene. I had the luck this scene was very local and everything happened in my country. So we met up. I was a shy little kid who took the train to cross the country to meet one of my idols. This was a big day. I felt like the luckiest and happiest kid alive. A dream coming true. My dream of being a star and realizing my goals didn't seem far away.
4. Things went well from this point. It took some time but eventually near the time I graduated I was ready and settled to make this my business and job. I was happy, around 18 years old. And I was playing shows around the globe and earning a nice amount of money per booking. The fans and "likes" kept coming in and it seemed like I established some sort of fanbase. This was the life I imagined. My goal seemed reached and I was happy.
5. As I grew older I started to become a bit more pessimistic or perfectionistic.. or both. There are a lot of fake things going on in the music business and I was not the type of artist who likes to play along with that. I felt real. I spoke real (to my fans, on my social media pages, etc), and I acted that way. I want to mention that at this same period of my life, my family was putting some sort of pressure on me that I should find a part-time job for some extra income. Since I didn't play shows every week, I didn't generate a stable income doing music alone. Yet this was the goal, and this was perfectly possible as almost everyone in my crew was making a living from this. I want to mention that "my crew" was my record label / booking agency where I was part of. I kept believing that this was possible but due the pressure and stress my family gave me I think I started to doubt myself at some point. Although I was living my dream and touring the world, my family didn't push or believe it enough so they would suggest me to find a parttime job. I hated that. Every time they brought that up it made me annoyed because I just wanted to focus on my career and because I knew I could pull this off.
6. My career was still in a good line at that time. It was also the time I was smoking cannabis. I became an addict. It was something I did on a daily basis and I think it had a negative impact on my behavior and work ethic to produce music. It also had an impact on my social media posts and thoughts about the music industry.
7. Eventually, everything let to the point where I made a social media post which my label and booking agency didn't like, at all. It was so "off-track" for them that they decided to cancel some of my bookings for that upcoming summer. My post was about justice, and I shared some of my thoughts on the "fake" aspect of this music business because it made me extremely annoyed how people could achieve the same things putting in less work than I did (friends, connections, money..). As my label and booking agency supported those fake activities as well, they were kind of pissed that I shared those honest words in front of my fans online.
8. Since I was a honest person, stubborn, and perfectionistic, I was like "fuck this" and basically never made contact again with them. Eventually this led to my last booking and then my career died. To this day (7 years later), I still get spotify plays from those old songs, and I still get messages every now and then of people asking what happened and why I stopped making this music.
9. I would like to mention that my interest for that specific genre was fading away near the time I made that post on my social media. Don't get me wrong, obviously, I would've loved to keep doing it as my job. But personally it just wasn't touching me that much anymore as there were other genres that started to appeal to me more.