Lesson 18: Suggestions
Brokers:
ICMARKETS: It is by far the best. Remember to open an ECN / RAW account if you are a Scalper. This will have a commission instead of the spread. As a scalper, I am also happy with 7 Pips. Certainly, I don’t want to earn to give everything to the broker because of the spread.
When you choose a broker, remember that they must have low commissions and spreads; otherwise, you work to enrich them.
Prop Firms:
OFP Funding: By far the best one. They offer instant funding without the stress of passing useless challenges or verification processes, and they are considered the world’s leading for the instant funding.
Platforms:
MetaTrader 4/5: they are the best platform to enter the market; the difference is that the 5 has some cosmetic changes and more functionality.
Trading View: Perfect platform for analyzing charts.
Overviewfoirex.com: Use our website always to be prepared for economic events or use tools helpful for trading.
Books:
Trading In The Zone
The Yusa Guide To Balance Mind, Body, Spirit
I strongly recommend meditating for at least 15/30 minutes daily and doing physical activity every day. Avoid eating junk food; remember that the strength of the mind is primarily the body and vice versa. “The Yusa Guide to Balance Mind Body Spirit” is a perfect book, and it will help you to improve your daily life.
Colours for graph candles and background
It may seem silly, but it’s not. Some colours relax your eyes and make you calmer. Personally, I use green and red candles with a white background. Another combination I used in the past is black and blue candles with a grey background.
Trading Account
Don’t rush. Start with a demo account and focus on finding your best strategy. After you notice 2 to 6 months of profitability in the demo account, open a real account with € 150 to feel the negative and positive emotions of playing with real money. Don’t rush! When you feel more confident, you can deposit more and start your climb. Fall in love with the process!
Good Luck
OverviewFX
Halfway begun is halfway done!
Trading Lessons:
Lesson 1: Quick Introduction
Lesson 1: Introduction "The secret to being successful from a trading perspective is to have an indefinite and tireless thirst for information and knowledge." Paul Tudor Jones Forex trading, the abbreviation for "Foreign Exchange Market", occurs when one...
Lesson 2: Trading Timetable
Lesson 2: Trading Timetable The Forex market is open 5 days a week 24 hours a day, but it is divided into 4 different sessions: • Sydney • Tokyo • London • New York Each session has a different opening and closing time. Attention: In summer and winter the...
Lesson 3: How to Invest in Trading
Lesson 3: How to Invest in Trading 85% of traders lose their money. How is it possible? There is nothing more important than investing in yourself. To become a professional trader, you must face many needs and fears. A winning strategy is necessary, notions of...
Lesson 4: Fundamental Notions
Lesson 4: Fundamental Notions The market can make three movements: Bull Market: if the trend rises, the currency gains value. Bear Market: if the trend falls, the currency loses value. Horizontal Trend (Kangaroo Market): the price moves continuously,...
Lesson 5: Types of Charts
Lesson 5: Type of Graphs Every day, we see stock market charts on the TV news. They are often "line" charts, but there are many other ways to read them. The most used are "lines", "candles", and "bars" charts. Let's find them out!Guess what? The graph with which...
Lesson 6: Type of Candles
Lesson 6: Type of Candles Each candle has its own story and, of course, its meaning. Recognizing the type of candle is very important as it indicates the intentions of the market. It does not matter to know the names of each type, but it is good to understand...
Lesson 7: Support and Resistance
Lesson 7: Support and Resistance Supports and resistances are levels where the price has a great chance to bounce. We will notice how the price will bounce several times on the same level before continuing its rise or fall. Supports: Levels at which the price is...
Lesson 8: TrendIines and Patterns
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Lesson 9: Market Movement
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Lesson 10: Types of Trend
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Lesson 11: Supply and Demand
Lesson 11: Supply and Demand As I mentioned at the beginning, I am a Scalper, and consequently, I am satisfied with a small slice of the trend, from 10 to 20 PIPS. Don't think that with 20 Pips, you can earn less than with 100; trading is based on percentages....
Lesson 12: Fibonacci Retracement
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Lesson 13: Indicators
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Lesson 14: Market Manipulation
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Lesson 15: Plan and Risk Management
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Lesson 16: Simple Trading Strategy
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Lesson 17: Psychology
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