A fast-growing startup helps technical traders boost their profitability with in-depth data-driven market research

Trading is a tough game! It is depicted everywhere on the internet with shiny and incredible promises. Most gurus talking about trading online record and share their lifestyle with luxurious cars and houses. They promote an easy to use trading strategy claiming their “high likelihood of success”.
That’s so seducing… Many people buy in these promises to turn up their lives. The ugly truth is about 95% of the individuals who try to “trade” end up losing money.
Far from the get rich quick scheme promoted by most gurus.

Trading can be life changing. But like all things worth having, successful trading comes with lots of work. Before risking his hard-earned money, every trader should educate himself with quality content and train a lot (through screen time) to get a good feel about how markets work.
It looks like a lot of work but in the end, successful traders understand the one thing. Trading is an odds game. Success in trading could be summarized by one simple formula: your trades expected outcome should be positive.

Expected outcome is a very simple formula. It computes in the following way:
How much you win * How often you win – How much you lose * How often you lose
This simple formula gives you the average expected profit (or loss) you will get from your trading strategy. The bigger this value, the more profitable your trading strategy is.
If your expected outcome is positive, then you are making money as a trader. If on the other hand the expected outcome calculation is negative, then you’d be better off doing something else as you are losing money on every trade you take on average. In this second situation, the more trades you take, the more money you lose.

How much you win and lose are simple to know. They often are defined with your risk reward ratio. For example, a 2:1 risk/reward ratio would mean you are targeting $2 profit for every $1 you “risk” on a trade. Same for 3:1, 10:1 or even 0.10:1.
Knowing how often you win or lose can be more challenging. Traders can find this number in various ways. They can log every single trade they take, monitor its outcome and then count how many trades are winners and losers. This trades logging can be either live (if real trades) or simulated (if backtested for example).

Technical analysis is a great way to time your trades and is widely used by many different types of traders. Technical analysis uses previous market prices to assess where prices should go next. The technical analysis toolbelt is wide but some of the most famous tools are the patterns.
Many types of patterns exist such as candlestick patterns, classic chart patterns or harmonic patterns. These patterns are very helpful in multiple ways. They help traders identify potential reversal or continuation situations which can make great trade opportunities. They can also help traders frame the 3 parameters of the trade: where to enter the trade, where to stop the trade at a loss and where to exit the trade with the predefined profit.

Should traders use these patterns?
Are hammer patterns profitable?
Are engulfing patterns profitable?
Are Gartley patterns profitable?
Are AB=CD patterns profitable?
Are head and shoulders patterns profitable?
Are double top patterns profitable?

That’s some of the questions a fast-growing startup is solving. Patterns Wizard analyzes all types of market hunting for every kind of technical analysis pattern. Once identified, they process every single pattern, so traders can have up-to-date statistics about how every single pattern performs.
How often does the pattern confirm? How often does it fail? How often does it reach a 2:1 risk/reward? How long is the longest losing streak? Does it work better with stocks, commodities, forex or crypto? Does it work better in a short or long timeframe? How often does it appear? PatternsWizard does all the in-depth research so traders don’t have to!

« We help traders assess how likely their next trade is to be profitable. » said Amaury DUVAL, founder of PatternsWizard. « The goal is not to replace traders but to enhance their decision with precise technical data. »

All these up-to-date stats are game changing because they allow any traders to quickly and effortlessly assess their trades expected outcome. It let them rank patterns but success rate, profit potential, appearance frequency and profitability. It also helps them choose what trading strategy and patterns will match their risk and profit profile.
Trading with PatternsWizard stats and signals is like having a wizard on your side. It can tell you at every moment how similar situations ended up in the past.

Will this startup succeed at reversing the odds of success for new traders from 5% to 95%? At least it would be their dreamed goal.
Discover all the stats about your favorite patterns for free on the PatternsWizard website: https://patternswizard.com/

PatternsWizard is not financial advice.
Its website and all his resources are only meant for education purposes.