WirmachenTrader Blog

TradingView EMA Background Indicator: Optimize Your Chart Analysis with Script

Discover a custom TradingView script for visual chart analysis. Learn how to automatically create colored backgrounds based on EMA relationships and optimize your trading strategies.

Passive Investing vs. Active Trading

A perspective on passive investing and active trading that you might not have considered before.

How to start Trading as a Student

Learn why and how you can take the first decisive steps towards profitable stock trading as a student.

Kickstart Your Trading – Alongside Kids, Job, and Household

Debunk misconceptions in stock trading. Learn which 4 myths you probably need to dispel within yourself.

Learning the Art of Trading Despite Shift Work: How You Can Master Both Thanks to the WMT Difference

Shift work and successful stock trading don't have to be mutually exclusive. Learn how you can successfully combine both thanks to our concept.

How to Integrate Trading into Your Flexible Work Life with the Help of the WMT Difference

Learn how you can seamlessly integrate trading into your daily routine thanks to the WMT difference.

The One Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller

Gary Keller presents a powerful guide on achieving extraordinary results by focusing on the one most important task at a time, emphasizing the importance of prioritization and focus.

Reminiscences of a Stock Operator by Edwin Lefèvre

Edwin Lefèvre offers a fascinating account of the life of legendary trader Jesse Livermore, providing timeless insights into the psychology of trading and the dynamics of the stock market.

The Disciplined Trader by Mark Douglas

Mark Douglas provides essential insights into the psychology of trading, emphasizing the importance of discipline and emotional control for achieving success in the markets.

The Power of Now: A Guide to Spiritual Enlightenment by Eckhart Tolle

Eckhart Tolle offers transformative insights on living in the present moment, highlighting how mindfulness and awareness can lead to a more fulfilling and stress-free life.

Mindset: The New Psychology of Success by Carol Dweck

Carol Dweck offers transformative insights into how a growth mindset can lead to greater success and fulfillment, emphasizing the power of belief in shaping our lives.

Principles: Life and Work by Ray Dalio

Ray Dalio shares his unique set of principles that have guided him in building one of the world’s largest hedge funds, emphasizing the importance of transparency, truth, and radical open-mindedness.

The Compound Effect by Darren Hardy

Darren Hardy explains how small, consistent actions can lead to significant results over time, emphasizing the power of compounding in personal and professional growth.

Market Mind Games: A Radical Psychology of Investing, Trading and Risk by Denise Shull

Denise Shull offers a revolutionary perspective on the psychology of trading, demonstrating how emotional intelligence and self-awareness can enhance market success.

Thinking, Fast and Slow by Daniel Kahneman

Daniel Kahneman explores the dual systems of thought that drive our decisions, highlighting the impact of cognitive biases and offering insights into improving decision-making processes.

The PlayBook: An Inside Look at How to Think Like a Professional Trader by Mike Bellafiore

Mike Bellafiore provides an in-depth guide on how to think and act like a professional trader, emphasizing the importance of creating a personal playbook to achieve consistent success.

Trading in the Zone by Mark Douglas

Mark Douglas provides essential insights into the psychology of trading, emphasizing the importance of developing a disciplined mindset and emotional control for achieving consistent success in the markets.

The Psychology of Money by Morgan Housel

Morgan Housel explores the complex relationship between people and money, offering profound insights into how personal beliefs, behaviors, and emotions influence financial decisions.

Developing a Stock Metrics Indicator for TradingView

Learn to develop a TradingView indicator displaying key stock metrics with our guide. Enhance your trading analysis with customized metrics.

Atomic Habits by James Clear

Unlock life-changing habits with insights from 'Atomic Habits' by James Clear. Discover practical tips, habit stacking, and more for personal growth

The Daily Trading Coach von Brett N. Steenbarger

Learn in 'The Daily Trading Coach' by Brett Steenbarger how you can improve your trading with 101 psychological lessons.

Complete Trading Terminology – Trading from A to Z!

Why the concept of competence plays a role in your success

Learn how to become a successful trader using the competency concept. Discover proven tips and strategies for your trading success

What is the Gartley pattern? Chart pattern explained with rules

Gartley Pattern: Learn more about what the Gartley Pattern is, how it works, and what specific rules to follow.

Become a Successful Trader Through Small Changes

Habits determine your whole life. Whether you are aware of it or not. A large part of your daily actions happen subconsciously and automatically through trained habits.

We have cracked the 20,000 subscribers on YouTube!

Learn how we managed to reach 20,000 subscribers on YouTube in our blog post. Read about our journey, challenges and plans for the future.

Why your routines are crucial for your trading

Improve your trading routines and become a successful trader. Focus on the right routines and get better results. Learn how to get the most out of your trading.

Risk-free trading with Paper Trading from TradingView

Learn how to practice trading risk-free with TradingView's Paper Trading. Improve your skills before investing real money. All the features and tools are at your disposal.

Deep Dive Data: What Analysis of Gap Up Numbers Tells Us

Data is the key to success in stock trading. In this article, you will find an introduction to this topic, which can help you to develop a successful stock strategy.

The 4 different types of gaps - an overview

Learn all about the 4 different types of gaps and how you can use them in trading. Learn how to integrate gap trading into your strategy.

Gap Trading: Trade price gaps successfully

Learn how to trade gap trading successfully. Learn what gap trading is, how it works and how you can use it to make profits.

What is a Fade in Trading?

Discover the term "fade" in trading and learn how this advanced strategy works. Understand how to assess the trend correctly and minimize the risks

Earnings Season: What you should know about earnings

The Earnings-Season: How do quarterly figures influence the performance of stocks? What does this mean for your trading? Find out everything you need to know about the Earnings-Season here!

What is the Average Daily Range (ADR) indicator?

Learn about the Average Daily Range (ADR) indicator, its usefulness in trading, and how to calculate and interpret it. Improve your trading strategy with this valuable tool.

From Competitive Sports to Trading: Felix’s Path to a Profitable Full-Time Trader

Find Out How Felix Went From Being a Competitive Athlete to a Profitable Full-Time Trader and Which Steps You Can Follow to Become Successful in Trading.

Wirmachentrader Breaks the Mark of 500 Trees Planted

Celebrate the Milestone of 500 Trees Planted With Wirmachentrader and Learn How the Company Puts Sustainability First.

My journey from competitive sports to trading: the founding story

Read the story of how I went from being an ambitious competitive athlete to a successful full-time trader and subsequently founded WirmachenTrader.

Limit order explained: definition and application in trading

Learn what a limit order is and how it helps you get better prices when trading. A clear and understandable explanation for every level.

Learning to trade for beginners: 5 steps for an optimal start

Want to learn trading? Start with these 5 easy steps! Our beginner's guide will help you get started in the best possible way. Learn more here.

How to spot trends on your own and never miss them again

Learn to spot trends on your own and never miss them again. Here you will find the valuable tips for more independence in trading.

This is what you should do when your trading strategy stops working

Discover the reasons why your trading strategy is no longer working and how you can improve it. Learn more here.

250 trees for a better future - Our commitment to the environment

We are taking another small step in the right direction by planting another 250 trees in the region. Find out more here.

The R-method: Smaller losses, bigger profits in trading

Learn how to achieve bigger profits and smaller losses in trading with the R-method. Discover proven tips and tricks for trading success

The 4 Biggest Myths About Stock Trading

Debunk Stock Trading Misconceptions. Here You’ll Find Out Which 4 Myths You Probably Need to Debunk Yourself as Well.

10 Reasons Why Stocks Are the Perfect Tool for Traders

Discover Here 10 Reasons Why Shares Are the Perfect Instrument for Traders and Clearly Outshine All Other Financial Instruments.

Sustainable ETFs - What you should know

Find out what you need to know about sustainable ETFs and what you should look out for in your sustainable investment. Here you will find important tips.

This is how Goldman Sachs trades against you - The game of the big banks

Discover how Goldman Sachs and other big market players trade against you. Here you will get important insights and valuable tips to implement.

Game theory in trading - The trick of the trading pros

Use the trick of the trading pros: game theory. Learn what game theory means in trading and how to use it to your advantage.

Successful trading in 5 steps - How you can do it too

Become a successful trader - anyone can do it with these 5 tips. Learn more here.

5 Common Trading Mistakes and How to Avoid Them

Avoid the 5 Most Common Trading Mistakes. Learn How to Trade More Successfully Without Making These Mistakes.

We plant 100 trees for the future!

We are planting 100 trees for the future! Learn more about our ambitious goals and our commitment to the world of tomorrow here

Why you should believe in your dreams: My last months

Keep believing in your dreams - learn from my development over the last few months. Learn more here..

TradingView Guide and Experience Report

Learn everything you need to know about TradingView - with our guide, you will become an absolute Pro in TradingView in no time.

Scanz: Stock screener and real-time news in the test

Discover Scanz - the stock screener & real-time news. Here you can find our experience report.

Learning to trade: Do I really need a trading education?

Are you unsure whether you really need an education to learn trading? Here we highlight the pros and cons!

From beginner to master: how to master trading

In this article, you'll learn the eight important qualities that will make you a master of your craft. It's probably easier than you think.

Define goals correctly: Make 2020 your year

Make 2020 your year - learn how to define your goals properly. Unleash your full potential.

4 Steps to Identify Any Trend in the Chart

4 Steps to Identify Any Trend in the Chartfind Every Trend on the Chart - With These 4 Steps. Learn How to Spot Trends in Trading So You Never Miss a Trend in the Future.

Reversal Pattern in Trading: Meaning and Application

Learn What Reversal Patterns Mean in Trading and How to Apply Them. Discover Proven Tips and Tricks for the Success of Your Trading.

Conquering the 4 Biggest Fears in Trading: Tips & Tricks

Overcome Your Trading Fears: Discover the 4 Most Common Fears and How to Conquer Them So You Don’t Let Fear Stop You From Succeeding.

Ninjatrader - An Introduction to the Trading Platform

Find Out Here What Ninjatrader Is, What Data It Can Provide You With and What Functions This Trading Platform Includes!

Order Types in Trading - The Three Most Important Types Explained Step by Step

What Order Types Are There in Trading and When Should You Use Which One? Learn the Secrets of Order Types.

The 8 Most Important Chart Patterns: These Should You Know

There Are Countless Chart Patterns in Trading. However, a Few Have Emerged as Particularly Important and Profitable. Find Out What They Are.

Bollinger Bands in Trading: Use the Indicator Effectively

Discover How the Bollinger Bands Indicator Can Improve Your Trading! A Step-By-Step Guide

Macd Indicator Explanation - How to Stay Ahead of the Game

Learn How to Stay One Step Ahead With Our Simple Guide to the Macd Indicator. Discover Proven Tips and Tricks for Your Trading Success.

Gap Trading: Understanding Price Gaps and Trading Successfully

Discover the Secret of Gap Trading - Learn How to Understand Price Gaps & Use Them for Your Profit!

The 6 Most Popular Chart Types: Explained Step-By-Step

Discover the 6 Chart Types Every Trader Needs to Know: Step-By-Step Guide to More Success in Trading. From the Classic Candlestick to the Heikin Ashi.

Trade Setups: How to Use the 4 Types of Trades Successfully

Discover the Four Types of Trade Setups and How You Can Use Them in Your Trading. Improve Your Trading Strategy Now With These Tips.

Technical Analysis: Fundamentals, Principles & Concepts

Discover the Basics of Technical Analysis: Learn Concepts, Principles and Successful Trading!

How to Improve Your Trading With Emotional Intelligence

Improve Your Trading Success by Applying Emotional Intelligence. Learn Now How to Control Your Emotions in Trading and Make Them Work for You.

Behavioural Finance: Everything You Need to Know

Discover the World of Behavioural Finance and Learn How Behavioural Patterns Influence Financial Markets. Become an Expert in the Field Now.

Recognise Trend Lines and Use Them Successfully in Trading

Learn to Recognise Trendlines and Use Them in Your Trading. Improve Your Strategy Now With the Best Tips and Tricks.

Emotional Competence in Trading: Important for Your Success

Learn Why Emotional Intelligence Is Crucial in Trading. Increase Your Success by Applying Emotional Competence.

Improve Your Trading With Emotional Intelligence

Part 1 of the Excerpt From Felix’s Master’s Thesis Entitled “Effects of a Five-Week E-learning Intervention on Emotional Competence” From 2018.

What Is the VWAP? Explanation and Application in Trading

Understand What the Volume Weighted Average Price (VWAP) Is and How It Can Improve Your Trading. Learn All About VWAP and Its Application Now.

Learn to Trade: 8 Steps to Successful Trading

Discover the 8 Steps to Successful Trading. Become a Professional Trader Now With Our Tips and Tricks.

What Is the RSI Indicator?

Learn What the RSI Indicator Is and How It Can Help You Trade. Now Understand How to Use the RSI Indicator.

What Is the Average True Range (ATR) Indicator?

Discover the Average True Range (ATR) Indicator and How It Can Improve Your Trading.

Neuroeconomics: Successful Trading With Scientific Help

Improve Your Trading With the Help of Neuroeconomics. Learn How to Use Scientific Methods for More Successful Trading.

Moving Averages in Trading - All About Ema & Sma

Understand How Moving Averages (EMA & SMA) Can Improve Your Trading. Learn How to Use Them Correctly Now.

Betting Profitably: Why Winning Probability Alone Is Not Enough

Understand Why a High Probability of Profit Is Not Synonymous With High Profitability.