Showing posts with label PDFs. Show all posts
Showing posts with label PDFs. Show all posts
FxGhani Golden Trading Plan.
FxGhani
4:16:00 AM
FxGhani GoldenTrading Plan
1. Objectives Goals
Ø Explain why you want to be a trader (e.g. Financial Freedom, being own boss)
Ø Where do you see yourself in next one year, two years five years.
2. Sub-Conscious programming.
Ø Write down all the concepts (bitter truths) about trading which you came to know by experience or learned from experience traders. These are the concepts which our brain throws out of window at the time of trading. Read them three times daily before you start trading with conviction as you are engraving them in your mind.
You can do it best before standing a mirror by telling your image in mirror like you are motivating a person (which is your sub-conscious mind).
It’s impossible to be a successful trader without emotional control.
3. SWOT Analysis
Ø Write down you Strengths, Weaknesses, Opportunity Threats.
Ø Hold on firmly to your Strengths.
Ø Start working out the ways to remove your weaknesses, take the help of your mentor if you are struggling in working out the ways to remove/reduce you weaknesses.
Ø Start capitalizing the opportunities as they may not stay with you forever.
Ø Make the contingency plans against these threats. So if they emerge then you are absolutely ready to face counter them.
4. Targets
Ø Write down your weekly, monthly, 6 monthly yearly equity (trading account balance) targets. They must be realistic without any exaggeration. As you grow your skills knowledge about trading these targets will be reviewed reset accordingly after every 50 trades and the performance analysis.
5. Daily Trading Routine
Ø Write down all the steps in a checklist style which you will perform after reading the “sub-conscious mind programming” facts.
6. Markets to Trade (Currency Pairs)
Ø Write down the currency pairs you are going to trade e.g. Majors (EUR/USD, GBP/USD, USD/JPY , USD/CHF) and Minors (AUD/USD, NZD/USD , USD/CAD).
Ø On the bases of your performance your mentor will decide that whether you are ready to trade other markets (financial instruments) or not e.g. Gold, Silver, Oil.
Ø STRICTLY DO NOT TRADE ANY PAIR, NOT MENTIONED IN TRADING PLAN. IF YOU CAN NOT FOLLOW YOUR OWN TRADING PLAN THEN TRADING IS NOT FOR YOU AS YOU WILL NEVER SUCCEED IN TRADING.
7. Time Frames
Ø Write down your analysis timeframes e.g. (Daily, 4 hourly hourly)
Ø Write down your execution timeframes e.g. (15 minutes or 5 minute).
8. Risk Management
Ø Write down how much percentage of your account balance you are going to risk per trade.
Ø Write down how much total percentage of your account balance you are going to risk per multiple trades in one time.
9. Analysis (Checklist)
Ø Write down all the steps of your trading strategy in a checklist style which must be checked before entering in the trade.
Ø Write down the points you will analyse to set the profit target in any trade. Never change your profit target.
Ø As your skills and knowledge grow in trading you will learn the trading strategies which don’t use profit targets, instead they just trail the stop until trade stops itself as market retrace or turns back.
10. Trade Management
Ø Write down the steps you will take once you have taken a trade e.g.
o How you will trail your stop loss. NEVER EVER increase your stop loss, instead trail it to reduce/remove the risk and further on to make the trade a free trade.
o On what signs you will exit the trade even when it’s in loss (just to avoid the further loss.
11. Journaling
Ø Record every single trade you have taken
Ø Maintain a Loss Trade Journal which consist on
o Record of every single loosing trade.
o Snapshot of trading screen of that loss (so it can be analyse later and also can be sent to your mentor to get comments and guidance).
o How did you see the market before taking that trade and what actually market was telling you which you missed?
o Reasons why do you think it was a loss.
o Lessons learned from this looser, adjust these lessons in your Trading Strategy/Trading Plan to make sure that you don’t repeat it.
Useful important Link..
7 Golden Rules for Master Traders By FxGhani.
Money Management Rules
Eid Discount offer on our Paid Stuff . Till 30 June 2017
Useful important Link..
7 Golden Rules for Master Traders By FxGhani.
Money Management Rules
Eid Discount offer on our Paid Stuff . Till 30 June 2017
How Smart Money Trade in Forex By FxGhani.
FxGhani
8:54:00 AM
So Guys here I will tell you, How Smart Money Trade in Forex. When A new Trader enter a trade and Every second SL Hit.
He think may be Someone Enter trade against its order. So Here i will Explain Why this happen and How Big Boys Trades.
So if we understand typical Thinking of Big Boys we can trade with Smart Money and Earn Huge Profits ..
So if we understand typical Thinking of Big Boys we can trade with Smart Money and Earn Huge Profits ..
Money Management Risk Table By FxGhani.Com
FxGhani
7:28:00 AM
Forex Trading is a Business . So if you wanna run successful business , you must know how to manage your risk on total capital.
Through this Money Management Risk Table you know your risk percentage , minimum lot size and Stop loss in pips. IF a trader know these things he can trade without emotions.
FxGhani Secret Stuff ( Excel Files ).
FxGhani
10:21:00 PM
So Guys here i will share some excel files with you .
I use these for my trading plans.
These are very important for a Successful trader.
Many New traders ignore these things and lost money in forex.
Forex is a Proper Business , So you should need a proper planning to run this business for long term Successfully.
FxGhani Goal Setting Worksheet
FxGhani Goal Setting Template
FxGhani Forex Trading Journal
FxGhani Lot Size Calculator
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Forex Trading Myths By FxGhani.
FxGhani
12:01:00 AM
Forex Trading seems to be an easy business, and Every New Trader have lot of misconceptions about trading, this is why i decided to write this article to clear up some false beliefs that you may have, and just to give more realistic view on trading and more specifically Forex trading.
Make Money in Forex ( Tips ).
FxGhani
8:50:00 AM
So Guys here i will tell you some Tips , How to make money in forex. IF you follow these tips before enter in a market , you can earn huge pips.
Identify Major Trend.
You can find major trend of a market with the help of big time frames like Weekly or Monthly .
News Movement.
In Big Time frames if news break any S/R level , Cross Moving Avg or Break any trend line then wait for conformation and wait for normal relax market .
Long Term Trade.
Mostly Currencies follow large economies , and large economies take time to change . Many traders lose money in forex because they trade intra day , short term or scalping.
Calculate Risk Reward.
Always Calculate risk and reward ratio before enter a trade .
Be Confident.
When you are fully confident on your decision then enter a trade .
70% 30 % Rule.
IF You wanna Sell any pair , So your all analysis will show Selling pressure. But before enter a sell trade one time think like a buyer and find hidden buyers pressure like any Strong Support or may be Selling Move is a fake move from smart money . Same when before enter buy trade , one time think like a seller ..
Must Know How to Analyze Financial Data.
You Must know how to analyze financial data . Like when any news data release you must know data impact on a currency .
Start With Mini Account .
Always Start forex trading with Mini account and take small lots .
Follow Money Management.
Always Follow Your money management plan . Use Compound Sheet and Consider your profits as invest .
Be aware when Fake Break .
You Should know how to identify fake moves . you can identify fake Break-outs with Volume .
Enjoy Your Profits .
Withdraw Your Profits and enjoy . Don't get Greedy and reinvest everything in hope to double it . May be you can lose all your money.
Focus on a Single Pair.
Always Try to focus on a single pair , Be expert in single pair . if you focus on single pair you know all important levels , Major Trend , ect .
Focus on a Single Currency.
Always Try to focus on a single currency . Through this you can trade in a better way . you know all about your specific currency like interest rate , GDP , PMI ,Trade Balance , Cash rate , Retail Sales ect.
Don't Trade With Emotions.
Always Follow your trading rule , money management rules , risk and reward rules , Trading Strategy Rules , If you Break any rules while enter a trade, its means you involve your emotions in a trade . When Emotions involve in a specific trade mostly that trade will go against you .
Also Read How to be a Emotionless Trader .
Trend is Your friend.
Always try to follow trend . You can do this with any Trend Following Strategy .
if you have good Trend Following Strategy then Focus on your System . But if not then try my 95% Accurate Trend Following System .
One Click Trading Can Wash Your Account .
FxGhani
12:59:00 PM
Guys Today i will tell you how One Click Trading Option in MT4 can wash your account ..
When new traders practice on demo they place random lots size .
Mostly they use 0.01 --- to --- 0.10 for money management practice.
So they open many chart like forex pairs , Index , Stocks Commodities ect .
They trade on all charts and place randomly trades..
Some Stocks or Commodities only allow Standard lot..
So they place standard lot like on OIL .
Mostly All Demo Traders use One Click Trading for place trade because its easy ..
One Click Trading is easy and fast for demo trader because demo trader use Facebook , Youtube ect on background .
So Now When they open real account in same broker and use same MT4 , Same Charts , Same Templates they mostly forget to edit One Click Trading lot size ..
And when they place first trade and click on ONE Click Trading , Trade Place with same Lot Size which they use on demo .. And Mostly its 0.50 or may be standard lot ..
Which is not according with capital and risk percentage ...
When they realize, they place wrong lot size which is Big .
So now they think if our first trade hit SL its not good for starting real account.
So they place Big SL and Small TP .. And Guess What SL hit because fear come .
Then they place double lot size to recover loss , as you know, all new traders do this ...
And again this time SL , SL ,SL Account Wash...
Now Another One Click Trading Trap ...
For Example you place trade with 0.10 lot size and your trade in profit and you want to close half trade or above half manually. So for this purpose you double click on order and close above half which is 0.06 .
Now the close lot size 0.06 automatically apply on One Click Trading and also on all charts ..
So next time when you click on One Click Trading You will see 0.06 already Set in One Click Trading . Many times Trader see big candles and Volatility and quickly click on One Click Trading Button and enter with 0.06 lot size which is already set in One Click Trading .
So Avoid One Click Trading System ...
Now Another One Click Trading Trap ...
When you open those charts which only allow standard lot like OIL, index or Some Stocks.
One Click Trading Automatically Set Standard lot ...
And when you Drag and Drop any Currency pair from Market Watch on Same Chart then you see Bullshit One Click Trading still show Standard lot for Currency pair ...
Why Trader Drag and Drop currency pair on OIL, Stocks , Index Chart ..Because you wanna use same template with all good settings ..
Many times trader place standard lot accidentally just because One Click Trading System ..
.................................................................................
Now My Recommendation ......
Always use New Order Button .
Now Share this information with your Friends ...
Extreme Tip to Get Exclusive Free Knowledge.
FxGhani
2:25:00 AM
Guys here i will give you a Extreme Tip .
So you guys daily watch learning videos on youtube ,
Attend webinars , Download full Courses, Read articles , Read PDFS , Join Groups and Specially you attend those webinars which is offered by your broker .
Your broker almost offer 2 webinars in a week and they also categorize levels like Beginner , Intermediate , Expert and you attend all webinars. But i am sure you never feel any difference between categorize levels.
They give you same basic knowledge level in a Expert webinars ..
You never attend a webinar provided by your broker which helps and improve your knowledge level.
Think Why ?
Because 90 Percent Brokers have mostly retail trader clients and a retail trader is not a permanent client. And Why they have mostly retail trader clients. Because minimum amount required for open real account is just 5 $ .. So when a poor trader open account with
5 , 50, 100 $ only broker know this person is a bullshit .
He just want to waste money .
Retail Trade mostly have 100$... to...1000 $ Account . Every Broker know retail trader is not a long term client . So Broker never share advance proper knowledge in Expert level webinar .
Left 10 Percent Brokers minimum amount required for open real account is 1000$ ... to ... 5000$..
So they know we have good clients and our client trust on us and invest 1000 which is minimum ..
So broker provide advance proper knowledge in Expert level webinars ..
So always attend those webinars which are provided by good brokers ..
Definition of good broker in my eyes for educational purpose is a broker have minimum amount required for open real account should be 1000$ ... to ... 5000$..
So here i only cover educational webinar section not service section.
Many brokers offer 5 $ minimum and there services are good like , Spread , Deposit , Withdraw ect .
So remember here i just wanna say that if broker minimum requirement amount is more then 1000 $ they provide quality educational webinars .
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Share this small tip with your friends .
Get Rid From Broker SL Hunting.
FxGhani
4:27:00 AM
First of all i wanna tell you Stop-Loss hunting is not a scam because that move is caused by the big market players, searching for liquidity!
So When a retail trader start trading he open account in ordinary brokers or new broker just for bonus and some other advantages .. So a ordinary broker have less clients and they know that soon we open account in a good broker ..Because at first we open account in a ordinary broker for practice ..
They know this thing .. So they Hit your stops and earn from you .. They grab your order and put in a basket not in a real market ..
When a new trader face these things he scare from market and leave forex trading ..
So first of all open account in a good broker . how you know this is a good broker or not ..you can match price movement of your broker with real market ..if you see big difference its means bad broker ..
Some time good broker also do same thing but they do with there small clients like who open Mini , Micro , type account .. here you must know if you open Micro or Mini types of account in a good broker they also grab you order in a basket not in a real market ... So you should open ECN account in a good broker ...
Mostly SL Hunting occur at news time .. So avoid trading at news time ... if you are in a profit before news then trail your stops..
As you can see how big players hit SL of retail traders ...
So now i will tell you best SL placement .
many new or retail traders place SL below Support levels or may be 10-15 pips below Support level .
To avoid SL hunting in market you can place your SL at second Support level and may be 10- 15 pips below second support level ...
Another way is see volatility at S/R levels. See above image first candle long wick show buyers at Support level..Now we enter buy trade and our SL Hit ... So now how we avoid this thing ...
We should buy at support level when price test support level ... See above image price test Support level then move up ...
Same thing whit Break outs or Break Downs of Trend Lines ... Buy or Sell at Test of Trend line not at Break ...
My Recommended Brokers = XM and Hotforex .
Another Thing is use your own System or Strategy ..
Focus on only one Strategy ..
Never Do Demo Trading ..
Never open Mini, Micro accounts ..
Never invest Small Amount ..Should open account minimum above 300 Dollars.
Never News Trading ..
Never join FB Forex Groups for Signals.
Always open ECN account in a good Broker ..
Always Share your knowledge and your Strategy Free of Cost .. Because when you share your Strategy . Peoples Explore your system and give you suggestions about how to increase accuracy of your system ..
Always Trail your Stops when your trade in profits ..
Always use money management . When you see volatile market and Big candles Never Increase your lot size.
When your daily target complete . Close MT4 Terminal .. Do analysis for next day according to your strategy . But Remember not enter in a market again after daily target hit ..
Now Share This article with your Friends ..When you share this and they learn something new from this article . I am Sure they will also share something which will be new for you ..
i do this and learn a lot ... Now its your Turn..
This is Ghani as a Chart Analyst. I have Experience in Trading with Price Action, VSA, Wyckoff.....
