Rating 4.25 out of 5 (4 ratings in Udemy)
What you'll learn- Students will learn several ways to approach short term trading for income with Live Account examples
- Students will learn several techniques for using basic drawing tools (Horizontal Lines, Fibonacci Retracements, Trendlines/Channels) for trade entries/exits
- Students will get insight into how leverage can be used effectively for short term trading and scalping
- Preparation for the trading day, gauging volatility, being aware of …
Rating 4.25 out of 5 (4 ratings in Udemy)
What you'll learn- Students will learn several ways to approach short term trading for income with Live Account examples
- Students will learn several techniques for using basic drawing tools (Horizontal Lines, Fibonacci Retracements, Trendlines/Channels) for trade entries/exits
- Students will get insight into how leverage can be used effectively for short term trading and scalping
- Preparation for the trading day, gauging volatility, being aware of economic releases will be covered
- These concepts can be applied to different time frames and financial instruments. Anyone interested in a chart based approach will benefit greatly
DescriptionIn this course we will:
Perform straightforward chart based analysis on a Forex pair or index.
Take the current market environment into account as an additional layer of analysis
Not be using any indicators, only drawing tools
Cover the topics of Routine, and Psychology, and Risk
Trade a Live MT4 Forex account, which offers the "US30" (basically the DOW)
After this course students will have learned:
New techniques, or exposure to a different style that can potentially complement their own in various ways
Uncomplicated methods of estimating profit targets
Insight into scaling approaches
That Day Trading or Scalping does NOT have to mean being in front of a computer all day, or even hours.
How to use leverage properly
How to evaluate performance
See all the activity that produced more than a 7% gain in a chaotic summer market environment, from July 1st 2019 through August 30 2019.
*Update* - We are seeing some volatility in the markets. Iadded an image of a short term trade on US30 from 10/28/2020. As a reminder, this is an approach to the markets that we aim to keep as straightforward as possible.
