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21 May 2024, 01:15
FOREX TRADING SCHEME OF WORK.
INTRODUCTION TO FOREX
> What's Forex?
~ Origin ~ Currencies and Pairs ~ How money is made from Forex.
> Terminologies used in Trading.
~ Bull and Bear (Bullish and Bearish) ~ Uptrend and Downtrend ~ Pips and Spread ~ Leverage and Broker ~ Long and Short ~ Entry, Stop loss and Profits target.
> Tools and Uses
~ Metatrader4 and 5 ~ Tradingview ~ Bybit, Binance or DW. Introduction to Market Structure.
~ Single Timeframe ~ Multi- Timeframe analysis ~ Timeframe Relevancy
INTRODUCTION TO SMART MONEY
CONCEPT.
> What's SMC?
~ Why SMC ~ Supply and Demand(How to spot S &D zones) ~ Liquidity (Use and How to Spot zones) ~ Inducement ( Use and Identifying IDM' Zones) ~ Imbalance (Efficiency and inefficiency)
TOP-DOWN ANALYSIS.
> What's top-down analysis ?
> Importance of TDA' > Framework using TDA' > Timeframe retracment and Relevancy > Fibonacci Retracement.
PRACTICAL EXPLAIN TDA'
~ Risk Assessment and Management ~ Trade management ~ Locating High Probability Setups ~ SMC Advanced.