- Understanding economic indicators (GDP, inflation) - News analysis (central bank decisions, geopolitical events) - Sentiment analysis - Combining fundamental and technical analysis

- Understanding economic indicators (GDP, inflation) - News analysis (central bank decisions, geopolitical events) - Sentiment analysis - Combining fundamental and technical analysis

- Chart types (line, bar, candlestick) - Patterns (reversals, continuations) - Indicators (Moving Averages, RSI, Bollinger Bands) - Combining analysis methods

- Chart types (line, bar, candlestick) - Patterns (reversals, continuations) - Indicators (Moving Averages, RSI, Bollinger Bands) - Combining analysis methods

In recent years, scouting programs have surged in popularity, with many positioning themselves as full-fledged proprietary trading firms. Let’s explore what these programs are, their role in the industry, and their key advantages and drawbacks. A trader scouting program assesses aspiring traders—often for a fee—to determine if they’re qualified to trade a firm’s capital. These assessments vary in format but typically focus on whether a trader can manage risk effectively and maintain consistent performance in the markets.

In recent years, scouting programs have surged in popularity, with many positioning themselves as full-fledged proprietary trading firms. Let’s explore what these programs are, their role in the industry, and their key advantages and drawbacks. A trader scouting program assesses aspiring traders—often for a fee—to determine if they’re qualified to trade a firm’s capital. These assessments vary in format but typically focus on whether a trader can manage risk effectively and maintain consistent performance in the markets.

Seasoned traders know that market success isn't about the system, but having an edge. The Surprising Truth: Even a simple approach, like flipping a coin, can generate profits when paired with: 1. Dedicated study 2. Strategic refinement 3. Consistent execution _Examples of Effective Trading Tools:_ - Chart patterns - Support and resistance - Fibonacci - Forex - Binary options The Key to Success is developing a unique edge through: 1. Continuous learning 2. Adaptability 3. Strategic refinement Real-World Proof: Successful traders thrive using diverse systems, demonstrating that: - No single system guarantees success - Edge and consistency trump system specificity

Seasoned traders know that market success isn't about the system, but having an edge. The Surprising Truth: Even a simple approach, like flipping a coin, can generate profits when paired with: 1. Dedicated study 2. Strategic refinement 3. Consistent execution _Examples of Effective Trading Tools:_ - Chart patterns - Support and resistance - Fibonacci - Forex - Binary options The Key to Success is developing a unique edge through: 1. Continuous learning 2. Adaptability 3. Strategic refinement Real-World Proof: Successful traders thrive using diverse systems, demonstrating that: - No single system guarantees success - Edge and consistency trump system specificity

Crypto trading bots are automated software programs designed to execute trades based on predefined rules and strategies. Types of Crypto Trading Bots: 1. Arbitrage bots: Exploit price differences between exchanges. 2. Trend following bots: Follow market trends to maximize profits. 3. Mean reversion bots: Identify overbought/oversold conditions. 4. Scalping bots: Make frequent small trades. 5. Market making bots: Provide liquidity. Benefits: 1. Increased efficiency 2. Reduced emotional bias 3. Improved accuracy 4. Enhanced risk management 5. 24/7 trading capability Popular Crypto Trading Bots: 1. Gunbot 2. Cryptohopper 3. Trality 4. 3Commas 5. Haasonline Key Features: 1. Technical indicators 2. Risk management systems 3. Backtesting capabilities 4. Real-time market data 5. Customizable strategies Exchanges Supported: 1. Binance 2. Coinbase 3. Kraken 4. Huobi 5. Bitfinex Risks and Challenges: 1. Market volatility 2. System failures 3. Incorrect strategy implementation 4. Over-reliance on technology 5. Regulatory changes Best Practices: 1. Research and testing 2. Risk management 3. Diversification 4. Continuous monitoring 5. Regular updates and maintenance Resources: 1. Crypto trading forums (e.g., Reddit, Discord) 2. TradingView tutorials 3. MetaTrader documentation 4. Crypto trading books and courses 5. Automated trading communities Notable Crypto Trading Bot Platforms: 1. TradingView 2. MetaTrader 3. CryptoHopper 4. Trality 5. 3Commas

Crypto trading bots are automated software programs designed to execute trades based on predefined rules and strategies. Types of Crypto Trading Bots: 1. Arbitrage bots: Exploit price differences between exchanges. 2. Trend following bots: Follow market trends to maximize profits. 3. Mean reversion bots: Identify overbought/oversold conditions. 4. Scalping bots: Make frequent small trades. 5. Market making bots: Provide liquidity. Benefits: 1. Increased efficiency 2. Reduced emotional bias 3. Improved accuracy 4. Enhanced risk management 5. 24/7 trading capability Popular Crypto Trading Bots: 1. Gunbot 2. Cryptohopper 3. Trality 4. 3Commas 5. Haasonline Key Features: 1. Technical indicators 2. Risk management systems 3. Backtesting capabilities 4. Real-time market data 5. Customizable strategies Exchanges Supported: 1. Binance 2. Coinbase 3. Kraken 4. Huobi 5. Bitfinex Risks and Challenges: 1. Market volatility 2. System failures 3. Incorrect strategy implementation 4. Over-reliance on technology 5. Regulatory changes Best Practices: 1. Research and testing 2. Risk management 3. Diversification 4. Continuous monitoring 5. Regular updates and maintenance Resources: 1. Crypto trading forums (e.g., Reddit, Discord) 2. TradingView tutorials 3. MetaTrader documentation 4. Crypto trading books and courses 5. Automated trading communities Notable Crypto Trading Bot Platforms: 1. TradingView 2. MetaTrader 3. CryptoHopper 4. Trality 5. 3Commas

SOFR (Secured Overnight Financing Rate). The Secured Overnight Financing Rate (SOFR) was selected as the benchmark reference for interest rates, Learn about SOFR and transaction times. This may affect the charts with transaction clearing, which may bring higher volume into the markets. Think about potential volume spikes and how this will effect your set-ups. Particularly, as ICT states with Central Bank algorithms. LJ_Kon Well-Known Member Aug 30, 2023 #2 Could you explain the role of SOFR as a benchmark interest rate indicator and how it affects financial markets? FinoptUSA- MBA FinoptUSA- MBA Active Member Aug 30, 2023 #3 I would refer you to SOFR on YouTube for the answer to that one. I am more focused on how SOFR will increase volatility in the market with transaction clearing and how it may affect set-ups on the chart. Will we see more volume spikes at certain time periods? ICT always talks about time and price. Here is a link to a factsheet by the New York Fed on the SOFR (link). Hope this helps

SOFR (Secured Overnight Financing Rate). The Secured Overnight Financing Rate (SOFR) was selected as the benchmark reference for interest rates, Learn about SOFR and transaction times. This may affect the charts with transaction clearing, which may bring higher volume into the markets. Think about potential volume spikes and how this will effect your set-ups. Particularly, as ICT states with Central Bank algorithms. LJ_Kon Well-Known Member Aug 30, 2023 #2 Could you explain the role of SOFR as a benchmark interest rate indicator and how it affects financial markets? FinoptUSA- MBA FinoptUSA- MBA Active Member Aug 30, 2023 #3 I would refer you to SOFR on YouTube for the answer to that one. I am more focused on how SOFR will increase volatility in the market with transaction clearing and how it may affect set-ups on the chart. Will we see more volume spikes at certain time periods? ICT always talks about time and price. Here is a link to a factsheet by the New York Fed on the SOFR (link). Hope this helps

The Ichimoku indicator, also known as the Ichimoku Kinko Hyo, is a comprehensive technical analysis tool that provides a detailed view of the market. It's a Japanese indicator that combines multiple indicators into one, offering a broad perspective on the market's trend, momentum, and support/resistance levels. The Ichimoku indicator consists of five main components: 1. Tenkan-sen (Conversion Line): A 9-period moving average that acts as a fast line. 2. Kijun-sen (Base Line): A 26-period moving average that acts as a slow line. 3. Senkou Span A (Leading Span A): The average of the Tenkan-sen and Kijun-sen, plotted 26 periods ahead. 4. Senkou Span B (Leading Span B): The average of the highest high and lowest low over the past 52 periods, plotted 26 periods ahead. 5. Chikou Span (Lagging Span): The current price plotted 26 periods behind. Interpretation: - Bullish signals: - Price above the cloud (Senkou Span A and B) - Tenkan-sen above Kijun-sen - Chikou Span above the price - Bearish signals: - Price below the cloud - Tenkan-sen below Kijun-sen - Chikou Span below the price - Support and resistance: - Cloud boundaries - Tenkan-sen and Kijun-sen lines - Momentum: - Tenkan-sen and Kijun-sen crossover - Chikou Span's distance from the price The Ichimoku indicator offers a comprehensive view of the market, allowing traders to: 1. Identify trends 2. Detect support and resistance levels 3. Analyze momentum 4. Generate buy/sell signals 5. Confirm trading decisions Remember, the Ichimoku indicator is a lagging indicator, so use it in combination with other technical and fundamental analysis tools for better trading decisions.

The Ichimoku indicator, also known as the Ichimoku Kinko Hyo, is a comprehensive technical analysis tool that provides a detailed view of the market. It's a Japanese indicator that combines multiple indicators into one, offering a broad perspective on the market's trend, momentum, and support/resistance levels. The Ichimoku indicator consists of five main components: 1. Tenkan-sen (Conversion Line): A 9-period moving average that acts as a fast line. 2. Kijun-sen (Base Line): A 26-period moving average that acts as a slow line. 3. Senkou Span A (Leading Span A): The average of the Tenkan-sen and Kijun-sen, plotted 26 periods ahead. 4. Senkou Span B (Leading Span B): The average of the highest high and lowest low over the past 52 periods, plotted 26 periods ahead. 5. Chikou Span (Lagging Span): The current price plotted 26 periods behind. Interpretation: - Bullish signals: - Price above the cloud (Senkou Span A and B) - Tenkan-sen above Kijun-sen - Chikou Span above the price - Bearish signals: - Price below the cloud - Tenkan-sen below Kijun-sen - Chikou Span below the price - Support and resistance: - Cloud boundaries - Tenkan-sen and Kijun-sen lines - Momentum: - Tenkan-sen and Kijun-sen crossover - Chikou Span's distance from the price The Ichimoku indicator offers a comprehensive view of the market, allowing traders to: 1. Identify trends 2. Detect support and resistance levels 3. Analyze momentum 4. Generate buy/sell signals 5. Confirm trading decisions Remember, the Ichimoku indicator is a lagging indicator, so use it in combination with other technical and fundamental analysis tools for better trading decisions.

A moving average (MA) is a technical indicator that helps smooth out price data to identify trends and patterns in financial markets. It's a widely used tool in trading and investing. Here's a brief overview: - Calculation: Takes the average of a security's price over a specified period (e.g., 50-day, 200-day) - Types: - Simple Moving Average (SMA): Calculates the average price using equal weighting - Exponential Moving Average (EMA): Gives more weight to recent prices - Interpretation: - Bullish signal: Price above MA, MA slopes upward - Bearish signal: Price below MA, MA slopes downward - Crossovers: Can be used as buy/sell signals (e.g., golden cross, death cross) - Timeframes: Short-term (50-day), medium-term (200-day), long-term (400-day) Moving averages help: 1. Identify trends 2. Smooth out price noise 3. Provide support and resistance levels 4. Generate buy/sell signals Keep in mind, moving averages are lagging indicators, meaning they follow the price action. Use them in combination with other technical and fundamental analysis tools for better trading decisions.

A moving average (MA) is a technical indicator that helps smooth out price data to identify trends and patterns in financial markets. It's a widely used tool in trading and investing. Here's a brief overview: - Calculation: Takes the average of a security's price over a specified period (e.g., 50-day, 200-day) - Types: - Simple Moving Average (SMA): Calculates the average price using equal weighting - Exponential Moving Average (EMA): Gives more weight to recent prices - Interpretation: - Bullish signal: Price above MA, MA slopes upward - Bearish signal: Price below MA, MA slopes downward - Crossovers: Can be used as buy/sell signals (e.g., golden cross, death cross) - Timeframes: Short-term (50-day), medium-term (200-day), long-term (400-day) Moving averages help: 1. Identify trends 2. Smooth out price noise 3. Provide support and resistance levels 4. Generate buy/sell signals Keep in mind, moving averages are lagging indicators, meaning they follow the price action. Use them in combination with other technical and fundamental analysis tools for better trading decisions.

Trading news in a perfect way requires a combination of staying updated on market events, understanding the impact of news on the markets and using proven strategies ¹. Here are some tips to help you trade the news effectively ¹: - *Stay updated*: Keep an eye on the economic calendar to know when major economic indicators are released. - *Understand the impact*: Learn how different types of news can impact the markets and understand the factors that influence currency exchange rates. - *Use proven strategies*: Use strategies like straddle trade, OCO trade, buy the rumor and sell the news, and market order only in the direction of the main trend to trade the news effectively. - *Manage risk*: Always use stop-loss orders and take-profit levels when trading the news, as the market can get extremely volatile. - *Be disciplined*: Be patient and disciplined, and control your emotions while entering and exiting trades. - *Stay informed*: Keep yourself updated with the latest market news and analysis to make informed trading decisions.

Trading news in a perfect way requires a combination of staying updated on market events, understanding the impact of news on the markets and using proven strategies ¹. Here are some tips to help you trade the news effectively ¹: - *Stay updated*: Keep an eye on the economic calendar to know when major economic indicators are released. - *Understand the impact*: Learn how different types of news can impact the markets and understand the factors that influence currency exchange rates. - *Use proven strategies*: Use strategies like straddle trade, OCO trade, buy the rumor and sell the news, and market order only in the direction of the main trend to trade the news effectively. - *Manage risk*: Always use stop-loss orders and take-profit levels when trading the news, as the market can get extremely volatile. - *Be disciplined*: Be patient and disciplined, and control your emotions while entering and exiting trades. - *Stay informed*: Keep yourself updated with the latest market news and analysis to make informed trading decisions.

Crypto algo platforms are software systems that enable automated cryptocurrency trading using algorithms. Here's a summary: - TradingBot: Automates trading strategies using bots. - Algorithmic Trading: Executes trades based on predefined criteria. - Crypto Hopper: A cloud-based platform for automated crypto trading. - Gekko: A Node.js library for building crypto trading bots. - Zenbot: A command-line cryptocurrency trading bot. - HAAS: A cloud-based platform for automated crypto trading. - CryptoTrader: A platform for building and executing crypto trading strategies. Key features: - Automated trading - Backtesting - Paper trading - Multi-exchange support - Strategy customization - Risk management Benefits: - Improved trading efficiency - Reduced emotional trading - Increased accuracy - Enhanced risk management - 24/7 Trading Popular platforms: - Binance - Bittrex - Kraken - Huobi - (link unavailable) When choosing a crypto algo platform, consider: - Ease of use - Strategy customization - Risk management options - Exchange support - Community support - Security Remember, crypto algo platforms are tools to aid trading decisions. It's essential to understand the underlying assets and risks involved.

Crypto algo platforms are software systems that enable automated cryptocurrency trading using algorithms. Here's a summary: - TradingBot: Automates trading strategies using bots. - Algorithmic Trading: Executes trades based on predefined criteria. - Crypto Hopper: A cloud-based platform for automated crypto trading. - Gekko: A Node.js library for building crypto trading bots. - Zenbot: A command-line cryptocurrency trading bot. - HAAS: A cloud-based platform for automated crypto trading. - CryptoTrader: A platform for building and executing crypto trading strategies. Key features: - Automated trading - Backtesting - Paper trading - Multi-exchange support - Strategy customization - Risk management Benefits: - Improved trading efficiency - Reduced emotional trading - Increased accuracy - Enhanced risk management - 24/7 Trading Popular platforms: - Binance - Bittrex - Kraken - Huobi - (link unavailable) When choosing a crypto algo platform, consider: - Ease of use - Strategy customization - Risk management options - Exchange support - Community support - Security Remember, crypto algo platforms are tools to aid trading decisions. It's essential to understand the underlying assets and risks involved.

hi guys, did you study at any kind of online academy or courses to be a trader? or is it better just to find some good sources of information (like youtube channels or podcasts) and figure everything out by myself? I'm still a bit unsure whether I should study at a course or by myself

hi guys, did you study at any kind of online academy or courses to be a trader? or is it better just to find some good sources of information (like youtube channels or podcasts) and figure everything out by myself? I'm still a bit unsure whether I should study at a course or by myself

Market conditions and volatility play a significant role in determining the effectiveness of stop loss orders. Here are a few key points to consider: 1. Volatility and Stop Loss Placement: In highly volatile markets, price fluctuations can be more substantial, increasing the likelihood of stop loss orders being triggered. Traders may need to adjust their stop loss levels accordingly to account for increased volatility and prevent premature stop-outs. 2. Liquidity and Slippage: During periods of high volatility or low liquidity, such as news announcements or market opening hours, slippage can occur. Slippage is when the execution price of an order differs from the expected price. This can impact the effectiveness of stop loss orders, as the actual execution price may be worse than the stop loss level set by the trader. 3. Whipsaw Price Movements: In choppy or erratic market conditions, stop loss orders may be more prone to whipsaw price movements. Whipsaws are rapid and unpredictable price reversals that can trigger stop loss orders before the market resumes its original direction. Traders may consider adjusting their stop loss levels to account for potential whipsaws and avoid premature exits. 4. Order Execution and Market Depth: The effectiveness of stop loss orders can also be influenced by order execution and market depth. During times of high volatility, order execution may be delayed, and there may be a lack of liquidity in the market. This can impact the ability to execute stop loss orders at the desired price, potentially resulting in slippage or inability to exit a trade at the intended level. 5. Adaptability and Monitoring: Traders should continuously monitor market conditions and adjust their stop loss levels accordingly. This includes considering the average true range (ATR), recent price action, support and resistance levels, and other relevant technical indicators. By adapting stop loss placement based on the current market conditions, traders can enhance the effectiveness of their risk management strategies. In summary, market conditions and volatility significantly impact the effectiveness of stop loss orders. Traders should consider the specific market environment, adjust stop loss levels accordingly, account for potential slippage and whipsaws, and continuously monitor and adapt their risk management strategies to optimize trade outcomes

Market conditions and volatility play a significant role in determining the effectiveness of stop loss orders. Here are a few key points to consider: 1. Volatility and Stop Loss Placement: In highly volatile markets, price fluctuations can be more substantial, increasing the likelihood of stop loss orders being triggered. Traders may need to adjust their stop loss levels accordingly to account for increased volatility and prevent premature stop-outs. 2. Liquidity and Slippage: During periods of high volatility or low liquidity, such as news announcements or market opening hours, slippage can occur. Slippage is when the execution price of an order differs from the expected price. This can impact the effectiveness of stop loss orders, as the actual execution price may be worse than the stop loss level set by the trader. 3. Whipsaw Price Movements: In choppy or erratic market conditions, stop loss orders may be more prone to whipsaw price movements. Whipsaws are rapid and unpredictable price reversals that can trigger stop loss orders before the market resumes its original direction. Traders may consider adjusting their stop loss levels to account for potential whipsaws and avoid premature exits. 4. Order Execution and Market Depth: The effectiveness of stop loss orders can also be influenced by order execution and market depth. During times of high volatility, order execution may be delayed, and there may be a lack of liquidity in the market. This can impact the ability to execute stop loss orders at the desired price, potentially resulting in slippage or inability to exit a trade at the intended level. 5. Adaptability and Monitoring: Traders should continuously monitor market conditions and adjust their stop loss levels accordingly. This includes considering the average true range (ATR), recent price action, support and resistance levels, and other relevant technical indicators. By adapting stop loss placement based on the current market conditions, traders can enhance the effectiveness of their risk management strategies. In summary, market conditions and volatility significantly impact the effectiveness of stop loss orders. Traders should consider the specific market environment, adjust stop loss levels accordingly, account for potential slippage and whipsaws, and continuously monitor and adapt their risk management strategies to optimize trade outcomes

The Forex Master Pattern is an alternative form of technical analysis that provides a framework which helps you to find and follow the hidden price pattern that reveals the true intentions of financial markets. This mater pattern is formed by 3 phases, which complete 1 market cycle. The Phase 1 is the contraction point (or Value). It is defined as simultaneous higher low and lower high. On Phase 2 we get higher timeframe activation (also called Expansion), which is where price oscillates above and below the average price defined on Phase 1. On Phase 3 is where we get a sustained deviation from value (the Trend). How do you trade this? The basic strategy is very simple. Your higher timeframe provides a stable directional bias. It is important to have a good separation between HTF and LTF, for example 4H and 15M, 4H and 5M or 1H and 1M are good combos. When your HTF is above value, you buy your LTF below value. When your HTF is below value, you sell your LTF above value. FOREX MASTER PATTERN A1.pngFOREX MASTER PATTERN A2.pngFOREX MASTER PATTERN D.pngFOREX MASTER PATTERN E.png

The Forex Master Pattern is an alternative form of technical analysis that provides a framework which helps you to find and follow the hidden price pattern that reveals the true intentions of financial markets. This mater pattern is formed by 3 phases, which complete 1 market cycle. The Phase 1 is the contraction point (or Value). It is defined as simultaneous higher low and lower high. On Phase 2 we get higher timeframe activation (also called Expansion), which is where price oscillates above and below the average price defined on Phase 1. On Phase 3 is where we get a sustained deviation from value (the Trend). How do you trade this? The basic strategy is very simple. Your higher timeframe provides a stable directional bias. It is important to have a good separation between HTF and LTF, for example 4H and 15M, 4H and 5M or 1H and 1M are good combos. When your HTF is above value, you buy your LTF below value. When your HTF is below value, you sell your LTF above value. FOREX MASTER PATTERN A1.pngFOREX MASTER PATTERN A2.pngFOREX MASTER PATTERN D.pngFOREX MASTER PATTERN E.png

There are several trading styles, including: 1. Day Trading: Buying and selling financial instruments within a single trading day, closing positions before the market closes. 2. Swing Trading: Holding positions for a shorter period, typically a few days or weeks, to profit from price movements. 3. Position Trading: Long-term approach, holding positions for months or years, focusing on fundamental analysis. 4. Scalping: Making multiple trades in a short period, profiting from small price movements. 5. Momentum Trading: Focusing on stocks or assets with high price momentum, buying on news releases or market trends. 6. Value Trading: Buying undervalued assets at a low price and selling when the price increases. 7. Range Trading: Buying and selling within a specific price range, profiting from price movements. 8. Trend Following: Identifying and following the direction of market trends. 9. Mean Reversion: Buying assets that are undervalued and selling when the price returns to its mean. 10. Algorithmic Trading: Using computer programs to automate trading decisions based on predefined criteria. Each style has its own risk tolerance, time commitment, and market analysis requirements. Traders may combine elements of multiple styles to suit their individual preferences and goals.

There are several trading styles, including: 1. Day Trading: Buying and selling financial instruments within a single trading day, closing positions before the market closes. 2. Swing Trading: Holding positions for a shorter period, typically a few days or weeks, to profit from price movements. 3. Position Trading: Long-term approach, holding positions for months or years, focusing on fundamental analysis. 4. Scalping: Making multiple trades in a short period, profiting from small price movements. 5. Momentum Trading: Focusing on stocks or assets with high price momentum, buying on news releases or market trends. 6. Value Trading: Buying undervalued assets at a low price and selling when the price increases. 7. Range Trading: Buying and selling within a specific price range, profiting from price movements. 8. Trend Following: Identifying and following the direction of market trends. 9. Mean Reversion: Buying assets that are undervalued and selling when the price returns to its mean. 10. Algorithmic Trading: Using computer programs to automate trading decisions based on predefined criteria. Each style has its own risk tolerance, time commitment, and market analysis requirements. Traders may combine elements of multiple styles to suit their individual preferences and goals.

Hello, I am very new to forex (3 months in, consistent 2-4 hours a day of studying) and have barely looked into any technical analysis. I've spent the majority of the time looking at the psychological aspects of trading & have learned about proper risk management, what forex is and how it works, and how margin trading/leverage works albeit in a lot lesser quantity. I recognize the importance of developing your own strategy & trading rules as well as the length and effort needed to do so. I understand that it is important to create a strategy that works for you as an individual and that it makes sense to you. I feel as though I am ready to start to make my own strategy and trading plan (of course continuing to further study the topics I previously mentioned as well as others), however I have no idea where to start. I touched SMC briefly in the beginning, but I have heard varying things about it and unsure of whether it is a viable option or not. Any tips/advice/information on where to start or anything regarding the development of your own strategy and trading plan will be greatly appreciated. This may seem like a dumb or broad question, but the internet is clouded with unreliable information from someone trying to sell your course and I want to stray away from stuff like that. I'm not looking for a shortcut or anything of that sort, I just truly don't know where to start (like should I do purely chart analysis or research a strategy/methodology then build/develop it?). I'm 17 and am doing my senior year virtually so I have a lot of time on my hands to dedicate towards this.

Hello, I am very new to forex (3 months in, consistent 2-4 hours a day of studying) and have barely looked into any technical analysis. I've spent the majority of the time looking at the psychological aspects of trading & have learned about proper risk management, what forex is and how it works, and how margin trading/leverage works albeit in a lot lesser quantity. I recognize the importance of developing your own strategy & trading rules as well as the length and effort needed to do so. I understand that it is important to create a strategy that works for you as an individual and that it makes sense to you. I feel as though I am ready to start to make my own strategy and trading plan (of course continuing to further study the topics I previously mentioned as well as others), however I have no idea where to start. I touched SMC briefly in the beginning, but I have heard varying things about it and unsure of whether it is a viable option or not. Any tips/advice/information on where to start or anything regarding the development of your own strategy and trading plan will be greatly appreciated. This may seem like a dumb or broad question, but the internet is clouded with unreliable information from someone trying to sell your course and I want to stray away from stuff like that. I'm not looking for a shortcut or anything of that sort, I just truly don't know where to start (like should I do purely chart analysis or research a strategy/methodology then build/develop it?). I'm 17 and am doing my senior year virtually so I have a lot of time on my hands to dedicate towards this.

There are several trading styles, including: 1. Day Trading: Buying and selling financial instruments within a single trading day, closing positions before the market closes. 2. Swing Trading: Holding positions for a shorter period, typically a few days or weeks, to profit from price movements. 3. Position Trading: Long-term approach, holding positions for months or years, focusing on fundamental analysis. 4. Scalping: Making multiple trades in a short period, profiting from small price movements. 5. Momentum Trading: Focusing on stocks or assets with high price momentum, buying on news releases or market trends. 6. Value Trading: Buying undervalued assets at a low price and selling when the price increases. 7. Range Trading: Buying and selling within a specific price range, profiting from price movements. 8. Trend Following: Identifying and following the direction of market trends. 9. Mean Reversion: Buying assets that are undervalued and selling when the price returns to its mean. 10. Algorithmic Trading: Using computer programs to automate trading decisions based on predefined criteria. Each style has its own risk tolerance, time commitment, and market analysis requirements. Traders may combine elements of multiple styles to suit their individual preferences and goals.

There are several trading styles, including: 1. Day Trading: Buying and selling financial instruments within a single trading day, closing positions before the market closes. 2. Swing Trading: Holding positions for a shorter period, typically a few days or weeks, to profit from price movements. 3. Position Trading: Long-term approach, holding positions for months or years, focusing on fundamental analysis. 4. Scalping: Making multiple trades in a short period, profiting from small price movements. 5. Momentum Trading: Focusing on stocks or assets with high price momentum, buying on news releases or market trends. 6. Value Trading: Buying undervalued assets at a low price and selling when the price increases. 7. Range Trading: Buying and selling within a specific price range, profiting from price movements. 8. Trend Following: Identifying and following the direction of market trends. 9. Mean Reversion: Buying assets that are undervalued and selling when the price returns to its mean. 10. Algorithmic Trading: Using computer programs to automate trading decisions based on predefined criteria. Each style has its own risk tolerance, time commitment, and market analysis requirements. Traders may combine elements of multiple styles to suit their individual preferences and goals.

ADMIN EDIT: The links have been broken for a while now and I don't believe SQA plans to repost them. So I finally completed this little project: All of ICT's work in the Old Torrent, available via direct links. This should save quite a few people a lot of headaches. Plus it's a lot easier to point people to specifically important videos this way. Notes: I put all of the Videos inside .rar files for two reasons. Firstly, as it saved about 4 gigs of upload bandwidth and, most importantly, because Google Drive likes to gets screwed up on .mp4 files a lot. If there are any broken links, let me know. If you use Google Drive, Click on the Folder links and feel free to simply "Add" them to your account and download that way. The "Trading Plan Series" is functionally identical as the one on ICT's Website, so get that version there. A good portion of the files here have updated versions on the website and the "WENT" series incorporated most of the rest. But, this is all here for the completionist. The "Inside the Range" video is in the "Webinar" folder. That's probably the most important of the videos in the old Torrent. Lastly, for whatever reason, my link parser inverted all of the Folder Orders, so that's why they're backwards. I'm not going to fix that.

ADMIN EDIT: The links have been broken for a while now and I don't believe SQA plans to repost them. So I finally completed this little project: All of ICT's work in the Old Torrent, available via direct links. This should save quite a few people a lot of headaches. Plus it's a lot easier to point people to specifically important videos this way. Notes: I put all of the Videos inside .rar files for two reasons. Firstly, as it saved about 4 gigs of upload bandwidth and, most importantly, because Google Drive likes to gets screwed up on .mp4 files a lot. If there are any broken links, let me know. If you use Google Drive, Click on the Folder links and feel free to simply "Add" them to your account and download that way. The "Trading Plan Series" is functionally identical as the one on ICT's Website, so get that version there. A good portion of the files here have updated versions on the website and the "WENT" series incorporated most of the rest. But, this is all here for the completionist. The "Inside the Range" video is in the "Webinar" folder. That's probably the most important of the videos in the old Torrent. Lastly, for whatever reason, my link parser inverted all of the Folder Orders, so that's why they're backwards. I'm not going to fix that.

Given BTC's role as 'digital gold' and BCH's emphasis on faster, everyday transactions, how should one decide between them based on their investment purpose?

Given BTC's role as 'digital gold' and BCH's emphasis on faster, everyday transactions, how should one decide between them based on their investment purpose?

Cognitive Biases in Trading Cognitive dissonance, confirmation bias, and other biases can harm trading careers. These biases include: 1. Cognitive dissonance: Conflict between actions and beliefs. 2. Confirmation bias: Ignoring contradictory information. 3. Illusory superiority: Overestimating one's abilities. 4. Dunning-Kruger effect: Underestimating complexity. 5. Heuristic thought: Creating patterns without evidence. Consequences: 1. Unwillingness to accept mistakes. 2. Justifying losses. 3. Becoming a troll. 4. Failing to adopt a scientific approach. Overcoming Biases: 1. Acknowledge errors and limitations. 2. Apply a scientific approach. 3. Focus on money management. 4. Conduct thorough backtesting. 5. Rely on actual results. Key Takeaways: 1. Recognize cognitive biases. 2. Avoid emotional decision-making. 3. Embrace objectivity. 4. Continuously learn and improve. 5. Prioritize sound trading practices. The author emphasizes the importance of self-awareness, objectivity, and a scientific approach to overcome cognitive biases and achieve success in trading.

Cognitive Biases in Trading Cognitive dissonance, confirmation bias, and other biases can harm trading careers. These biases include: 1. Cognitive dissonance: Conflict between actions and beliefs. 2. Confirmation bias: Ignoring contradictory information. 3. Illusory superiority: Overestimating one's abilities. 4. Dunning-Kruger effect: Underestimating complexity. 5. Heuristic thought: Creating patterns without evidence. Consequences: 1. Unwillingness to accept mistakes. 2. Justifying losses. 3. Becoming a troll. 4. Failing to adopt a scientific approach. Overcoming Biases: 1. Acknowledge errors and limitations. 2. Apply a scientific approach. 3. Focus on money management. 4. Conduct thorough backtesting. 5. Rely on actual results. Key Takeaways: 1. Recognize cognitive biases. 2. Avoid emotional decision-making. 3. Embrace objectivity. 4. Continuously learn and improve. 5. Prioritize sound trading practices. The author emphasizes the importance of self-awareness, objectivity, and a scientific approach to overcome cognitive biases and achieve success in trading.

What is Binance? Binance is a popular cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies. *Key Features:* 1. Wide range of cryptocurrencies (100+) 2. User-friendly interface 3. Competitive trading fees (0.1% maker, 0.2% taker) 4. Advanced trading options (spot, margin, futures) 5. Secure platform with 2-factor authentication 6. Mobile app availability 7. Support for multiple languages *Trading Options:* 1. Spot Trading: Buy/sell cryptocurrencies at current market prices 2. Margin Trading: Borrow funds to trade with leverage (up to 5x) 3. Futures Trading: Trade cryptocurrency derivatives with leverage (up to 125x) 4. Stop-Limit Orders: Set price triggers for automatic trading *Benefits:* 1. Low fees 2. High liquidity 3. Advanced security measures 4. User-friendly interface 5. Wide range of cryptocurrencies *Risks:* 1. Market volatility 2. Regulatory risks 3. Security risks (hacking, phishing) 4. Leverage risks (margin, futures trading) *Getting Started:* 1. Create an account on (link unavailable) 2. Verify identity (KYC) 3. Deposit funds (cryptocurrency or fiat) 4. Start trading! Remember, trading carries risks. Always educate yourself, set clear goals, and never invest more than you can afford to invest

What is Binance? Binance is a popular cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies. *Key Features:* 1. Wide range of cryptocurrencies (100+) 2. User-friendly interface 3. Competitive trading fees (0.1% maker, 0.2% taker) 4. Advanced trading options (spot, margin, futures) 5. Secure platform with 2-factor authentication 6. Mobile app availability 7. Support for multiple languages *Trading Options:* 1. Spot Trading: Buy/sell cryptocurrencies at current market prices 2. Margin Trading: Borrow funds to trade with leverage (up to 5x) 3. Futures Trading: Trade cryptocurrency derivatives with leverage (up to 125x) 4. Stop-Limit Orders: Set price triggers for automatic trading *Benefits:* 1. Low fees 2. High liquidity 3. Advanced security measures 4. User-friendly interface 5. Wide range of cryptocurrencies *Risks:* 1. Market volatility 2. Regulatory risks 3. Security risks (hacking, phishing) 4. Leverage risks (margin, futures trading) *Getting Started:* 1. Create an account on (link unavailable) 2. Verify identity (KYC) 3. Deposit funds (cryptocurrency or fiat) 4. Start trading! Remember, trading carries risks. Always educate yourself, set clear goals, and never invest more than you can afford to invest