Trading For Beginner Forex
Trading For Beginner Forex
TRADING
FOR
BEGINNERS
TRADING SESSION
WORKBOOK
TRADING SESSION
BEGINNERS WORKBOOK
AN IMPORTANT MESSAGE:
So you want to become a profitable trader? When you join the session I'm not
only going to teach you how, I'm going to go to work on personalising your
game plan. This is all about action.
After working with thousands of traders all over the world, I kept seeing the
same patterns over and over again. My holistic view of the repeatable patterns
allowed me to discover some deep insights and secrets as to what doesn't work
when it comes to trading education.
I decided to just focus on underpinning each and every fail point to create what
is the most practical and comprehensive beginner trader workshop in the world.
Money:
Time:
Big Picture/Legacy:
trading journey and didn't waste time with scams. Everything you need
to become a consistently profitable trader is here if you are willing to
put the work in and do the reps on the charts. Thanks Jason, Akil &
Darren for creating a blaster of a platform!
Usually 12 - 18 to become a consistent trader; Learn for about 6 months, then demo trading
Reading Price: Green Candle (Bull): We closed at the end of the hour higher than we
OHLC Bars: Open, High, Low, Close; Is read same as the candles
Pullback: Retracement; the outside return; Momentary correction before we continue to the upside
If on a bullish chart & we had a bias that the market is going up, don't but in the middle of
What should be done is Identify the pullback and then look to buy the market.
Job as a trader is to sell at the best price possible and then sell at the best price possible.
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
IDEAS & NOTES
Angular Trend Lines: Sometimes, what you can see is that at each of the pullbacks
If you draw a line from the close of the candle all the way to the most recent one, you'll find
Doji Candle - Opens and closes at the same price; indecision (Review ATL)
Indicators: Can use Fibonacci retracement. You have to drag it on from the most
recent pullback to the most recent low. One of the most popular ratios people look for is a 382
Even Handle numbers is also an indication. Look for candlestick formation to make sure you can
place an order. Also look at what happened in the past. Compare patterns from the past to a current
Order Types: Terms: Buy Limit, Sell Limit, Buy Stop, Sell Stop, At Market
When You place an order on the chart, it's an instruction to your broker
Buy-Limit Order: Telling your broker that if price pushes down below what we're trading at at the moment
a we hit a certain limit (whatever price you specify to be that limit), the broker will buy.
Buy limit
BL
Limit you set
If it reaches that limit, broker will
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
Higher High
Higher High
Angular Resistance
Lovær High
Lovver Hoh
Lower Low
Lower Low
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
REAL MARKET TEST
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
"d' KNOWLEDGE: MARKET PHASES (BULL)
1)
2)
3)
4)
5)
6)
KNOWLEDGE: MARKET PHASES (BEAR)
1)
2)
3)
4)
5)
6)
KNOWLEDGE: CANDLESTICK ANATOMY
Bullish
High
Close
Open Price
Low
KNOWLEDGE: CANDLESTICK ANATOMY
Barish
high
open
Close
Low
BS
SL
Sell Limit: If price pushes up to x predetermined limit, above what were trading at the moment
Buy Stop: Saying to your broker is we hit this level above what we're trading, I want to buy.
Stop Order: An order to your broker that is price pushes down below what we're trading to this
An At Market Order is just you watching the charts live and clicking buy or sell and giving your
Risk Position
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
Personal Idea
KNOWLEDGE: CANDLESTICK PATTERNS
C&L
Strong
Buying
HC OH
Candle;
Market is
Strong
in strong
selling
momentu
candle.
m to the
Market is
upside
most likely
going to
OL CL continue
down.
IDEAS & NOTES
BS
SL
BL
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
IDEAS & NOTES
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
IDEAS & NOTES
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
IDEAS & NOTES
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
IDEAS & NOTES
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
IDEAS & NOTES
CZ&EEDUCATION
TRANSPARENCY CONTRIBUTION GROWTH
IDEAS & NOTES