26/04/ · How Black and White Forex Charts Can Increase Trader Focus. This is one of those things that you didn't realize was annoying until you try something else. In this post, I Estimated Reading Time: 6 mins Forex White Label Partnership - Become A Forex Broker With MultiBank's Full Support. US: +1 Contact us. Live Account Demo Account Join Demo Competition LogIn. ABOUT. PRODUCTS All Forex White Labels provide ECN Brokerage services to their clients. Your revenues will be dependent on the traded volume of your customers. You can add any mark-up to FXOpen ECN commission to increase your revenues. With our technology you can accept traders with any trading styles and strategies, including automated and high-frequency trading
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This is one of those things that you didn't realize was annoying until you try something else. In this post, I will show you why black and white charts rock.
By Hugh Kimura. But it does mean that I tend to get distracted easily. Therefore, I need to be very conscious of removing distractions from my environment. Otherwise, I can easily go down a distraction rabbit hole that takes me 3 hours white forex climb back out of, white forex.
I have seen people using black and white charts, and I wondered if it really helped to set them up that way. So during a round of backtestingI gave it a try. White forex was actually pretty amazing. I was white forex to backtest about 5 years of data on the 30 minute chart, in one sitting.
Normally, I would find myself quitting after one year of historical data. So I sat down and asked myself why that was the case. I put the two charts side-by-side, white forex, like this:. Then I looked at each one and took an internal inventory of how I felt.
As we all know, the candle colors are simply a way to represent price data…. if the candle closed white forex or down. That might not seem like a big deal, at first. But you may not be aware that those colors can also represent other things in your subconscious, white forex.
This will be different for different people, white forex on your natural tendencies and life experiences. However, if the colors do affect you, then this is extra information that white forex brain has to process every time you look white forex a chart, white forex.
For example, you may subconsciously associate the following things to red and green:, white forex. Marketers know this and have made a science out of it. Those extra thoughts are swimming around in your head every time you want to place a trade and are eating up valuable brain processing power. If your associations are strong enough, they may also affect your trading. An obvious example that comes to mind is: If you have a strong association between red and danger, white forex, then that may cause you to stay out of short trades since falling candles are red.
Getting rid of the colors on your screen is not hard, white forex. But there are a few nuances that might help you. In Metatraderif you right-click on any chart and select Propertiesyou will see all of your chart colors. Here is how I set mine up. Notice that I also made the Foreground and Grid darker. I found that this also helped make my charts easier to use.
Otherwise, I really like this setup and it allows me to just focus on the price action. The setup is similar on TradingView. Right-click a chart and select Properties. Then there are two different tabs where you need to set the colors. The first tab is the Style tab, white forex. Here white forex what mine looks like:.
Obviously, white forex, you are free to customize it as you like. But this is a good starting point for setting up black and white charts. One of the biggest things that you might disagree with me on is the background. Some traders find a white background easier to use and others like me prefer the white forex background. For me, the main reason is that the dark chart gives off less light and cuts down on my eye strain if I am sitting in front of the screens for awhile.
You might also want to white forex using blue light blocking glasses when you are trading. So give it a try and see what you think. It is one of those things that you may not have thought to try, but once you do, you will probably wonder how you did it the other way for so long.
Those flashing colors are really distracting too. Disclaimer: Some links on this page are affiliate links. We do make a commission white forex you purchase through these links, but it does not cost you anything extra and we only promote products and services that we personally use and wholeheartedly believe in, white forex. A portion of the proceeds are donated to my charity partners. Hi, I'm Hugh. I'm an independent trader, educator and international speaker.
I help traders develop their trading psychology and trading strategies. Learn more about me here. Get the FREE Guide to Picking the Best Trading Strategy For YOU. Skip to primary navigation Skip to main content Skip to footer How Black and White Forex Charts Can Increase Trader Focus This is one of those things that you didn't realize was annoying until you try something else.
SEE ALSO: Get the trading white forex patterns cheat sheet. SEE ALSO: The Best Trading Psychology Books of All-Time. Related Articles. Trade Mindfully: 5 Commonly Overlooked Ways white forex be More Mindful. Throw Away Your Vision Board and Use This Instead. An Experiment in Binaural Beats Meditation for Trading. Share This Article. First posted: April 26, Last updated: January 20, Get Instant Access.
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