No matter what type of trader you areーday, swing, or investorーevery second the markets are open provides an opportunity to trade. Yet, not every second provides a high-probability trade.
In a sea of nearly infinite possibilities, the ANC Trading Community’s two-day live trading program showed participants how to enter and exit a trade in profits.
Sponsored by world-leading trading platform FXPrimus, the aim of the two-day event was to trade live and make money live, using the MetaTrader 4 platform for trading the Forex market.
The two-day event that was held under the theme, “How to Enter and Exit a Trade,” was an epic showdown of the ANC Trading Community’s live trading account on the big screen for newbie traders to see exactly how the community enters and exits a trade without being shaken out at the worst possible price.
At the end of the two-day live trading session, most traders exited their trades in profits, with the ANC Trading Community hitting its earlier prediction of a bearish market.
Day one of the event, which was free for everyone, saw traders blowing out their accounts and making some losses after entering trades as the market went against them. Contrary to previous predictions, the market was bullish as a major news on the first day of trading caused the market to deviate.
Join the ANC Trading Community & Become a Pro Trader
At the end of the second day of live trading which was exclusive to members of the community, most of the traders exited their trades in profits as the markets were bearish, aligning with the community’s previous forecast.
While the market was bearish and saw traders reap astounding profits, the market, on the second day of trading, however, retraced and failed to cross the resistant point earlier set. It played only within the support and resistant levels since day one despite the trend being an upward one.
What went down at the two-day live trading session?
The event drilled newbie, intermediate, and professional traders alike on the different opportunities available in the financial market. Ambe Nickson Che, Founder/Managing Director of ANC Stock Investment on the first day of trading also offered some valuable advice on when to invest in digital assets including coinsーthe future, not now.
“Bitcoin is becoming too stable, making it a risky investment now. Ethereum and other coins like Stellar, Solana, Cardano… are much better to invest in. A few months ago, Ethereum was trading at about $1,700 and now, it’s trading at about $3,700.”
When it comes to investing, timing is very important as the seasoned investor points out.
“When everybody is telling you not to invest in a certain coin, that’s the best time to invest.” For one thing, the mindset of an investor is much like that of a business person. “You don’t follow the crowd. Stand on your own. Don’t go where everyone is going. Instead, go the opposite direction,” Ambe Nickson advised.
Venturing into the world of trading can be very exciting for newbie traders, which makes it a very risky venture. Ambe Nickson provided some practical tips to help traders mitigate some losses they may incur while trading.
According to Ambe Nickson, entering and exiting a trade is a daunting task, with most traders failing in the market because they lack the right strategies to enter and exit trades.
To remedy such an oversight, understanding your entry and exit points is paramount. One good strategy is to identify the trend of the marketーuptrend or a downtrend. “For an uptrend market, you should enter a trade at either a support or a resistant point. You also want to buy at every support point and sell at every resistant point in a trade.”
On retracement
If there’s one lesson to get from the two-day live trading event, it is that traders can also make profits when a stock retraces.
The strategy is to buy the first two times a stock retraces. The third time is risky because the market might change direction “and you might make a loss.”
Launching trades
Traders who launch more than three trades at a time risk making losses. For one thing, by launching more than three trades simultaneously, it will be harder to retreat from such trades, thereby plunging traders into unexplained losses.
About the ANC Trading Community & the live trading
The trading arm of ANC Stock Investment, the ANC Trading Community is a community of experienced traders in the financial market, equipped and ready to share their experience through one on one mentorship and lots of resources, providing market analysis and signals on a high probability winning trading strategy in the Forex, Crypto, and Commodity markets.
After recently launching in Buea, the community has already trained several newbie traders in becoming professional and profitable traders. True to its mission of making trading profitable for everyone, the two-day live trading program was an opportunity to build on this mission.
Follow this link to learn more about the ANC Trading Community or to become a member of a community that breeds profitable traders.
Join the ANC Trading Community & Become a Pro Trader
