SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK WARNING Trading is not for pussy. Trading is not for the faint of heart, the weak or gamblers,it is for the brave,the patient,the overcomer and the presistent. What you choose to do with your minds or hands, will either save or destroy you. They key to quality trading is not speed, but patience. Brick by brick, bit by bit, level by level. THIS IS SOT SCHOOL OF TRADE INTRODUCTION I have often been asked to write my story. I’ve wanted to write it for such a lonf time and have so many ideas for several books but sometimes it’s dificult where to start. Things have been pushing me for years to get this up and running. Before doing so, I need to experience many parts of my life to understand how i got to be in the truly blessed position i am today. I guess the best place to start is the beginning. So here is my first attempt. You will know what to do and how to start a real trade now. All the best to new traders. Just like you, I was once a beginner too. SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK ALWAYS HAVE AND PREPARED TRADING PLAN TREAT TRADING LIKE A BUSINESS ALWAY PROTECT YOUR CAPITAL ALWAYS RESPECT MARKET RISK ONLY WHAT YOU CAN AFFORD TO LOSE ALWAYS RESPECT STOPLOSS KNOW WHEN TO STOP TRADE SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 MAIN TITLE THE BASICS OF FOREX TRADING WHAT IS FOREX? TRADING PLATFORM DIFFERENT BETWEEN FOREX AND STOCKS IDENTIFY TYPE OF CURRENCY IDENTIFY TYPE OF TRADER WORLD FOREX TRADING SESSION MARKET STRUCTURE HOW TO USE MT4 IN GLANCE HOW TO BUY AND SELL TYPES OF PENDING ORDER WHAT IS TAKE PROFIT (TP) & STOP LOSS (SL) BASIC PILLARS OF TECHNICAL ANALYSIS THE BASIC OF ADVANCE TO TRADE LIKE SOT SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 WHAT IS FOREX? Forex trading is short form for “foreign exchange “trading or simply we call it money exchange.it also been call as spot market. Example: You go to money changer, with current price 2 SGD for 1 USD, you exchange 400 SGD to get 200 USD. when the value of USD currency increase from 1 USD equal to 3 SGD u already gain 100 SGD All transaction buyer and seller are doing online using the pla�orm that already build in the market. DIFFRENT BETWEEN FOREX AND STOCKS STOCKS FOREX Buy and sell stocks Buy and sell currency Have thousands of company stocks in market There are 6 main currencies in this world Buyer and seller have limit Doesn’t have limit There are some stocks are hard to buy or sell Easy for us to buy or sell Can trade while office hours only Can trade 24 hours on weekdays SCHOOL OF TRADE HOLY BOOK 2023 SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK TYPES OF CURRECY Currency is divided 2 which is major and minor. Major currency is that currency that we frequently use in trading USD, EUR, GBP, CHF, JPY, AUD and CAD. for minor are beside the major currency above. Currency pair divided by 2 type which is MAJOR PAIR and CROSS PAIR MAJOR PAIR is combination any of currency pair with USD.4 Major pair is EUR/USD, GBP/USD, USD/JPY and USD/CHF CROSS PAIR are all currency that not combine with USD like EUR/JPY, NZD/JPY, EUR/CHF and many more IDENTIFY TYPES OF TRADERS 1. Scalper Traders - Using scalping technique with take small profit - Take less than 10 pips on every entry - Scalper eventually trade more than 10 times a day - Gaining more profits when open more position or layer 2. Intraday - Entry position less than 24 hours 3. Swinger - Entry position more than 24 hours (3 days and above) - They are midterm and long term - They more likely to trade follow the current trend especially in the big timeframe like daily and weekly SCHOOL OF TRADE HOLY BOOK 2023 SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK WORLD FOREX TRADING SESSION (ASIA TIME) CONTINENT CITY OPEN CLOSE ASIA TOKYO 7 AM 4PM HONGKONG 8 AM 5 PM SINGAPORE 8 AM 5 PM EUROPE 2 PM 11 PM FRANKFURT 3 PM 12 PM LONDON 4 PM 1 AM NEW YORK 8 PM 4 AM CHICAGO 9 PM 5AM WELLINGTON 5 AM 2PM SYDNEY 6 AM 3PM EUROPE AMERICA PACIFIC Tips for price movement for every session above: Buy currency lower price Sell currency on high price Every price that up will be down Don’t rush and control our emotion Follow market trend and always control money management SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 MARKET STURCTURE How the swap of market trend? -must break previous HH to go up -must break previous HL to falling down SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 TYPE OF PENDING ORDER THERE SEVERAL TYPES OF PENDING ORDER. 3. Buy limit and sell limit -buy limit can put below current price only -sell limit can put above current price only 4. Buy stop and sell stop ⁃ Buy stop only can put above current price only ⁃ Sell stop only can put below current price only SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 WHAT IS TAKE PROFITS (TP) AND STOP LOSS (SL) Take profits we call it as “TP” ⁃ We put tp on the price that we want close our entry or the price that we want take profits ⁃ When the price goes the price and hit it. the entry will automatically close SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 Stop loss we call it as “SL” ⁃ SL we put it at the price that we want minimise our loss when the price move against our setup or trend ⁃ Same like tp, it will close automatically when the price hit the price that we set it. SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 345 Points = 34 Pips 10 Points 100 Points 1,000 Points 10,000 Points COUNTING PIPS 1 Pips 10 Pips 100 Pips 1000 Pips THE BASIC PILLARS OF FOREX TRADING SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 THE BASIC PILLARS OF TRADING Bearish vs bullish Bearish candlestick -bearish candlestick are open on the high price and it close on the lower price Bullish candle stick ⁃ Bullish candle stick is open on lower price and close on higher price SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 SUPPORT AND RESISTANCE Support and resistance (SNR) are term that we always use in every investment and trading.it very important to help trader to analyse price technically. SNR are used to decide price level to decide to price will continue up or down. The use of support and resistance ⁃ When support and resistance zone touch eventually but not breakout means that support or resistance zone are strong ⁃ So, it really useful for traders to make a decision price level buy or sell to make maximum profits ⁃ For example, buy when the price already the resistance zone while sell at breakout support zone ⁃ Other than that, nearest support and resistance are useful to make guide for our sl and minimum our loss. SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 SUPPORT AND RESISTANCE (CONTINUE) Support is one of price level which is in that level demand are too big to make the price continue down (DEMAND>SUPPLY) ⁃ In this level price while rejecting to con�nue down and maybe make reversal and going up ⁃ In easy way, support is helping price to keep continue fall ⁃ When the retracement is made, the price will bouncing go up. If the support breakout the price will continue falling until the price make new support ⁃ The Support will become resistance While resistance is one of price level where is the supply are big to stop price keep going up (SUPPLY>DEMAND) SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ⁃ In this price level, price will stop going up and maybe make reversal and going down ⁃ In easy way the resistance zone level is help price not keep going up ⁃ If the resistance breakout, the price will keep going up until it makes new resistance before it makes retracement back ⁃ Resistance become support SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 TRENDLINE The main use of Trendline is to see trends and also trend changes. The trend line is a straight line that connects the points of the valley (bo�om) that rise sequentially in the uptrend state, or the points. the peak (top) that turns sequen�ally in a downtrend state. To make a trend line, there should be at least two price points connected. The more price points are connected, the more valid and stronger the trend line is to hold support or resistance points on subsequent tests. The more valid a trend is, the more it will be observed and obeyed by market participants. SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 SUPPLY AND DEMAND SUPPLY DEMAND DEMAND = BOTTOM = BUY = AT LOWER SUPPLY = UPPER = SELL = AT HIGHER SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 BREAKOUT AND PULLBACK When the breakout price of the zone we marked wait for a pullback for us to enter. Don't chase the market price. Wait for the right price SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 MONEY MANAGEMENT In the world of trading in the most important thing is "Money Management", -How to manage your money from loss. - How to control your emo�ons - How to enter lots with your capital It should be remembered that FOREX Trading is also one of the businesses. The safe steps to make this forex trade as our income are 1. Target By % -One of the ways we want to control income in the long term is the target % from capital. -For example, our capital is 1000 USD -Target 1 day around 5% -1000×5% = 50USD per day -5 days 250 USD SCHOOL OF TRADE HOLY BOOK 2023 SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK 2. Target By PIPS -There are also traders who control income in the long term with a target by PIP 1-week target of 500 pip - If we enter 0.10 x 500 pips = 500 USD -500 USD × your currency = total in your currency Per Week - Low risk SCHOOL OF TRADE HOLY BOOK 2023 SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK 3. Lot Sizing -Before we want to enter, we have to know how much capital we have to enter with the right lot. For example, the 100 USD capital we have. -SL (Stoploss) 30 PIPS - The maximum entry position we can take is 0.10 -If we have to SL around 30 pips = 30 USD loss -We still have 70 USD in our account balance. -Avoid us for MC (Margin call). -If you put 0.50 but your capital only 100USD before hit sl 30pips your account will MC (Margin Call). SOT ADVANCE TECHNIQUE SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SOT SECRET TECHNIQUE SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE THE HOLY ULTIMATE E-BOOK SCHOOL OF TRADE HOLY BOOK 2023 ONLY FOR SOT ACADEMY PM ADMIN TO GET FULL THE HOLY ULTIMATE E-BOOK 10 Things A Trader Needs To Give Up: It is easy to become obsessed with adding to our trading arsenal with knowledge, books, chart patterns, indicators, moving averages, and gurus, that we forget to analyze what we need to remove from our plan. One of the largest determining factors as to whether a new trader ends up as a winning trader, is how well they can filter out what doesn’t help them make money. Traders can’t follow every indicator, trade every method, and endlessly add to their trading methodology. As traders we have to make choices. We must know what makes money and what to remove from our trading strategy. •Give up your need to be right: The market is always right, don’t strive to be right in your predictions and opinions. Strive to go with the flow of the market. •Give up control: No matter how long you watch a live stock stream, you have no power over the movements. Save your emotional energy by not trying to cheer on your positions and get wrapped up in every price tick. •Give up blaming other factors for your losses: There is no mysterious ‘They’ causing you to lose money. Your choices cause you to lose money, or your system just had a losing trade. It is a free country and free market. •Give up beating yourself up for losing trades: If you followed your trading plan, then there should be zero regrets involved in a losing trade. If you did not follow your plan and lost, then money was the tuition and you paid to learn the lesson. You must move on to the next trade. •Give up your own opinions: If you took a trade based on your own opinion, you have to give up your opinion and get out if the trade moves to a place that proves you were wrong. •Give up your inability to change your mind: The more you believe a trade just can’t miss, the more dangerous it is. It will cause you to trade too big and stay in too long. You have to always be ready to be wrong. •Give up your past trades: Each trade is a new trade. Do not hold grudges against stocks and think they ‘owe’ you for past losses. Do not fall in love with a stock and hold it as it falls lower and lower. •Give up letting your trading define your self worth: Do not let your trading define you. Diversify your life with friends, family, hobbies, and other interests. It is not healthy to become overly obsessed with the markets. •Give up on losing trades quickly when your stop is hit: Your best trades will be the ones that are profitable from the start. If they immediately go against you, be prepared to be stopped out. You can destroy your trading account when you start the “It will come back, I just have to wait” chant in the midst of a death spiral. •Give up on price targets let your winners run as far as they will go: In the right market conditions trends can go on to unbelievable levels. The big wins during these trends can make your entire career. If you set a predefined profit target, you will not miss the opportunity when it comes. Let a trailing stop take you out. Instead of giving up on the markets, give up on these bad habits and you will be more successful. Trading As A Business To make money in the markets you need to be trading as a business. Hobbies cost money, businesses make money. A business has a plan, a process, and a system. A business has customers that it sells products to for more than their cost. How a new trader approaches trading and the markets will determine their success from the very beginning. So many people think of trading as gambling and that comes from their perception of traders just trying to guess and predict the direction of a stock or a market. If a trader randomly picks and chooses trades with no system or edge then that is a form of gambling. In Las Vegas there are gamblers that are making bets against the odds and their are businesses that take those bad bets, they are called casinos. Casinos are not gamblers, they are businesses, as they have table limits, and take the bets that are too their advantage. A casino makes its money with the mathematical edge it has over its customers, the gamblers. To be a successful trader operate like a casino not a gambler. It is crucial that a trader operates their trading like a business if they want to be profitable. Emotions, egos, and excitement are generally not good business practices and have little place in operating a good business. In trading, making money should be the primary goal, and must be kept at the forefront of a trader’s mind as a focus. Fun and excitement in trading can be expensive entertainment. The reality is that the majority of the time, good trading is boring. A trader must approach their market entries, exits, and position sizing like they would operating any other business, utilizing a disciplined process to grow their capital and be successful. 1. You can’t open your trading business to having capital at risk until you have a full system with an operating trading plan that has an edge. 2.Your business inventory is your current positions; you have to buy them for less than you intend to sell them. Whether it is buy lower and sell higher or buy high to sell higher there must be a gross profit expectation. 3. Your customers are who you sell to; they have to be willing to pay more than you bought your positions for. 4. Losing trades are the cost of doing business. 5. Liquidity is the most important fundamental for inventory, you don’t want to get stuck with unmovable merchandise. Trade where there is volume and tight bid/ask spreads. 6. Your trading psychology and mindset is the manager of your business; you can’t let fear, greed, or ego lead to an unprofitable error outside your system. 7. Your business must have insurance to manage risk. Stop losses, diversification, and hedges are your insurance against big losses. 8. Location is everything. You must conduct your business on a chart price level where there are ample buyers and sellers so you don’t get stuck with positions that no one wants. 9. Your current trading positions are like your employees. You are a good boss to keep the ones that are productive and produce profits, and fire the ones that are unproductive and lose money. 10. Expansion of your business can only happen after your first buying and selling location is successful. Once you have mastered a system of entries and exits you can add new markets and signals that also have an edge. 11. Your trading capital is your business. Lose all your money and you lose your ability to operate and are out of business. 12.The only reason to be in business is to make money. If you don’t make money, you need a new business plan. Trading as a business means operating inside a systematically profitable process. Trade like a business not like a gambler, hobbyist, or for entertainment. SCHOOL OF TRADE THE END Repeat until it becomes your character. You perform your trades based an feels rather than technicals. Trading is now easy for you and doesn’t seem as tought as it once did.
