Mentorship

Course Structure: Part 1 – Basics of Trading and Market Analysis

• Understanding passion and motivation in trading.
• Basics of market and trading.
• Definition of a trader and trading.
• Overview of different markets: forex, crypto, stocks, bonds.
• Explanation of forex and its significance.
• Importance of funds in trading.
• Trading sessions, timings, and market open for forex.
• Participants in forex trading: banks, hedge funds, advantages.
• Types of analysis: technical (price action) and fundamental.
• Introduction to technical analysis.
• Two ways to trade: Buy-Long and Sell-Short.
• Market structure: HH-HL, LL-LH, Consolidation.
• Candlestick and History (Price Action Theory).
• Explanation of candlestick elements.
• Candlestick hours timeframe and chart analysis.
• Forex pairs and interpreting currency differences.
• Understanding pips and lot sizes.
• Overview of spreads and news impact on trading.
• Different types of orders: market, pending, stop, limit.
• Candle breakdown (Top-Down Analysis).
• Plotting support and resistance levels.

Part 2 – Trade Setups, Entries, and Exits

• Trade setups at support and resistance levels.
• Identifying fake-outs and pre-market movements.
• Candle closing back in the range.
• Bull and bear setups at SR levels.
• Recognizing weak bullish/bearish candles.
• Retracement after confirmation candle.
• Utilizing the second 30-minute candle.
• Reclaiming the zone.
• Important topics about Entries Exits:
• Determining stop-loss placement.
• Significance of significant time frames.
• Strategies for scaling in or scaling out.
• Risk Management:
• Emphasis on controlling risk.
• Implementing the 1% rule.
• Understanding risk-reward ratios.
• Trade frequency and win rate considerations.
• Position sizing and stop-loss strategies.
• Comparing trading to poker and casino principles.
• Psychology:
• Assessing commitment to trading and trade plan.
• Importance of patience and discipline.
• Avoiding overtrading and short time frames.
• Balancing trading with regular daily activities.
• Setting realistic expectations and goals.
• Transitioning to a live trading account.

Part 3 – Gold Behavior and Advanced Techniques

• The behavior of gold in different market conditions.
• Trading patterns during the week.
• Importance of session overlaps and daily candle closes.
• Correlation between different trading sessions.
• Utilizing various time frames and entry strategies.
• Importance of clean candles and market volatility.
• Noting significant market move times and time zone changes.

Part 4 – Funding Programs and Becoming a Better Trader

• Introduction to trading platforms like Tradingview and MT4.
• Utilizing news sources like Forex Factory for updates.
• Overview of funding programs like FTMO-MFF.
• Considerations for account sizes and payouts.
• Setting profit targets and managing drawdown.
• Tips and rules for clearing funding programs.
• Importance of journaling and trading plans.
• Psychological aspects affecting trading performance.