Short Term Trading: Examples| Journaling |Performance Review
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Brief Introduction
Approaching trading as a business with a focus on charts and the mental aspects - NO INDICATORSDescription
In 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. I added 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.
Requirements
- Requirements
- Students should have at least basic knowledge about trading or business in general. They should be comfortable operating a computer