Forex Trading

WHAT THE RICH INVEST IN, THAT THE POOR

AND MIDDLE CLASS DO NOT!
 GUIDE TO MY SIMPLE STRATEGY

Dedication
This guide is dedicated to all traders out there, young and old. You are awesome and I’ll
see you on the battlefield.

The information contained in this guide is for informational purposes only.

I am not a financial advisor.

Any legal or financial advice I give is my opinion based on my own experience. You
should always seek the advice of a professional before acting on something I have
published or recommended.

No part of this publication shall be reproduced, transmitted or sold in whole or in part, or

any form, without the prior written consent of the author.

Users of this guide are advised to do their own due diligence when it comes to making
business decisions and all information, products, and services that have been provided
should be independently verified by your own qualified professionals.

By reading this guide, you agree that I and my company is not responsible for the
success or failure of your business decisions relating to any information presented in this
guide.

4
 GUIDE TO MY SIMPLE STRATEGY

Introduction
You’ve probably found your way to this guide from my TikTok, or maybe a friend
passed it along to you. Either way, I’m happy you’re here.

You are here because you want to make a lot of money and live your life stress-
free and more comfortably. Or maybe you are here because you want to fire your
boss. Maybe your work started to bore you, and you want to learn something new. Or
maybe you are looking for a way to secure the financial future of your family. Maybe
you want to spend more time with your kids. You are here to turn your financial
dreams into reality. And from now on, you are in the right environment to make that
happen.

My mission is to build the biggest trading community of profitable, independent

Traders worldwide. I'm glad that you are now a part of this journey. This Masterclass
will have a huge positive impact on your life, in all aspects. Take it seriously, and you
will benefit from it, for the rest of your life.

I created this guide because I feel that every trader should learn how to read the
price action of the markets, and how eventually become profitable trader and make
money.

By learning how to read price action - charts, you can better time your entries, reduce
your risk, and improve your trading performance.

TradingSmart and this guide are my way of giving back, for all the fortunate things
that had happened to me.

I’ve given you a trading strategy that i use as well just to get you started. If it can
help just one person get closer to being a consistently profitable trader, then the
months I’ve spent writing this trading guide will be totally worth it, i think this guide
is everything you need to become profitable.

To all my subscribers, followers and friends out there, old and new, thank you for the
gift of support. I only hope this trading guide can begin to repay you for all the time
and attention you’ve given me. Here’s to you and your continued success!

5
 GUIDE TO MY SIMPLE STRATEGY

Undestanding the Basics of Trading

What is Forex?

Forex (or FX) is short for Foreign Exchange market. The fundamental idea is to
exchange one currency for another to gain profit. If you exchanged currencies before,
you know that as a result of the exchange you either gain or lose money. It depends on
how one currency gained more value than the other since your purchase.

On Forex markets, you do not actually purchase the currency. You simply make a
prediction: X currency will gain value over Y currency in a given time. Traders make
educated guesses by analyzing the economy, past trends and major expected events.
This process is called ‘trading forex’. The more technical term is trading Contracts for
Difference (CFDs). We will learn more about CFDs other than FX later.

BASIC FX TERMS
Currency Pair : Quotation of one currency against another. The most common pair is
the Euro and US Dollar: EURUSD. The first one is called the Base Currency., while the
second is called the Quote Currency.
CFD : Contract for Difference

5
 GUIDE TO MY SIMPLE STRATEGY

Forex Trading
Trading Forex is all about observing the currency pairs and their respective values
over one another. If you can predict the direction of the market, you make profit. It’s
simple as that. The most commonly traded pair is Euro and U.S. Dollars. They are
shortened as EUR and USD. Let’s use it as an example: Judging by the current economic
developments, an FX trader believes EUR will gain value over USD today. So, they take a
position in the forex market and invest. If the market moves in the expected direction,
they will profit. If not, they will lose.

How to Trade FX
Traders sign up with online trading brokers such as IG Markets, eToro, Hankotrade
to trade in FX market. Brokers provide access to trading platforms. Traders start live
accounts, deposit investments and then open positions. Since trading with margin is
possible in FX markets, brokers offer leverage to their clients. This means you can trade
up to 400 times more than your actual investment. In other words, you use margin to
create leverage when trading.

BASIC FX TERMS
PIP: Point In Bid Price: For Ask Price: Spread: The Margin: Minimum Leverage: Ability
Percentage. how much For how difference in amount of funds to trade larger
It’s the smallest you can sell a much buying and you need to positions than
amount of currency pair. you can buy a selling trade. your actual
change in a currency pair. prices. account balance.
currency pair.

5
 GUIDE TO MY SIMPLE STRATEGY

How to Start an FX Account

Before starting to trade, it is advised to practice your skills with a free demo account.
Once you grasp the basics, you can start trading with your live account immediately.

Demo Account

A demo account has virtual currency and poses no risk to your actual capital. You don’t
have to deposit to start practicing.
Click here to sign up for an account and follow the steps below:

Start by filling out our quick form on the registration page.

Select “Open Your Account” and proceed to the secure client area.
Once you decide if you want to practice or start trading right away, follow the process and
finish your application. Either way, you will receive your login details for trading platform
via e-mail shortly.

5
 GUIDE TO MY SIMPLE STRATEGY

How to Install Trading Platforms

Start by downloading the trading platform you chose while signing up. You have a wide
range of options here: Either download the desktop version or use your browser as the user
interface.

Feel like trading on-the-go? Download the apps to your mobile devices instantly! Once the
software is ready on your device, login with the details you received from us via e-mail.

METATRADER
MetaTrader (MT) is a common, efficient and easy-to-use trading platform.
Any Broker provides you access to both MT4 and MT5 platforms.

5
 GUIDE TO MY SIMPLE STRATEGY

Hold on to this information as you will need it if you ever login on a new device. Once
logged in to your demo account, you will see currency pairs on the left-hand side with live
quotes. On the right panel, you will see a chart. Right clicking (or long tapping on mobile) will
give you options to tweak this dashboard.

Your trade transaction log is seen below the chart. Notice that your account balance
reflects the selected amount for this demo account. Your orders and free margin – the
percentage of deposit you need available to trade – will be visible here. You are all set for
practice trading

Trade example
This is your trading page. Go ahead and familiarize yourself with the menus and buttons.
To learn more about using the platform, simple visit Youtube for tutorials.
For the purpose of this demo, we will simulate trading EURUSD, one of the most traded FX
pair.
Notice that there is a downwards trend for the past hour. This means the market is
currently bearish and the traders are mostly selling rather than buying.
Top left corner of the graph shows you current buying and selling prices for positions. The
0.01 is the lot, your trading volume. .

5
 GUIDE TO MY SIMPLE STRATEGY

If you were to click either SELL or BUY here, the system will first ask permission for ‘One-
click Trading’. After your confirmation, you will start trading immediately. You will open a
position based on the current market price, joining the millions of other traders in the market.

If you clicked SELL and the price kept going down, you will notice that you are profiting.
In the opposite case, you would see a negative value. Either way, you can close your position
anytime you want.
Alternatively, you could place a new order with certain conditions. Click the icon in red square
or long-tap the graph and you will see a more detailed order menu.
Notice that you can set certain conditions for your order. Thinking the price will increase?
Place a buy order with a target price using Take Profit. To minimize possible losses, set a Stop
Loss function.
When you’re ready to close your position, right-click or long-tap the order and ¬select ‘Close
Position’.
Congratulations! You have just traded Forex!

5
 GUIDE TO MY SIMPLE STRATEGY

Chart Analysis on Tradingview

TradingView is a charting platform and social network that is used by retail traders and
institutional investors to analyze financial assets.

These financial instruments include stocks, currencies, indices, forex, futures, bonds, or
even cryptocurrencies.

At their most basic form, TradingView charts offer a high-level overview of an asset’s
performance over a certain amount of time. This includes the open, high, low, and close
price for each candlestick.

What sets TradingView apart is the social component that is native to its chart tool.

Users can follow other traders, publish their own charts and investment theses, or even live
stream themselves while analyzing charts.

5
 GUIDE TO MY SIMPLE STRATEGY

Becoming a funded six-figure Trader

Let's talk about it again, because this is your GOLDEN TICKET to the chocolate factory!
Prop Trading is the fastest and easiest way to make a living as a Trader. This is my first target
for your career as a Trader. You should be able to get their within the first 6 months of this
Mentorship.
A Prop Trader is someone who trades the capital of a company, and get's payed based on the
profits that he generates for the company... you know that already... Most of these Prop Trading
Firms pay their traders a commission between 60-80% of the profits, and they cover all the
risks. That means if you are a profitable Trader, you can apply for a challenge at one of these
prop trading funds, and get funded with the capital you need, to make a living as a Trader as
quick as possible.

One of the most popular Prop Trading Companies is called FTMO. They have a 30-Day
Challenge where you have to prove to them, that you can generate 10% Profit in this period of
time, without losing more than 5% per day, and not more than 10% overall. This is easy with
My Simple Strategy. When you pass the Challenge, you get into the next round, the Evaluation
Round, where you have 60 days to generate 5% Profit without losing more than 5% per day,
and without losing more than 10% overall. This is much easier than the challenge. It's just to
confirm that your Challenge was not just a lucky shot.

After you passed both rounds (Challenge & Evaluation), they will fund you with a real
money account, and you get 70% of the profits that you generate with this account. You can
apply for different type of challenges and decide how much money you want to get funded
with. You can chose between $10.000, $25.000, $50.000, $100.000 or $200,000 to get started
with them, and the beautiful thing is, that you can pass multiple challenges and get funded up
to $400.000 to get started.

5
 GUIDE TO MY SIMPLE STRATEGY

How would your life change if you could trade a 100.000 Dollar Account where you
make 10% profit every month? That's 10.000 Dollars every month... On a 400.000 Dollar
Account, it would be 40.000 Dollars every month? I mean the average trader who funds his
account with his own money, starts with around 1000 Dollars. 10% profit would be $100 a
month. Would that be enough to make a living? No. Let's say you have the ability to invest
10.000 Dollars. That would be $1000 per month. Is that enough to make a living? Not
really, right?

That's why I tell you, it's not worth to risk your own capital. It's more clever to prepare
yourself without any risk and then prove your skill to one of these firms, and get funded a
serious ammount of money to get the perfect start for your career as a Trader.

Just check the monthly result of the top 10 American and European traders of FTMO at the
moment:

5
 GUIDE TO MY SIMPLE STRATEGY

Introduction to Candlestick Patterns

Here’s the thing:

There are many ways to read a chart.

You can use Japanese Candlestick Patterns, Renko, Bar, Line, Heikin Ashi, Point & Figure,
and etc.
You’re probably wondering:
“Which one should I use?”
Well…
If you ask me, the most popular approach is…
Candlestick Patterns.
Why?
Because it’s easy to learn — and it works.
That’s why I’ve created this monster guide to teach you everything you need to
know about candlestick patterns (and how to trade it like a pro).
Here’s what you’ll learn:
• What is a candlestick pattern and how to read it correctly
• Bullish candlestick patterns
• Bearish candlestick patterns
• Trend continuation candlestick patterns
• Candlestick cheat sheet: How to understand any candlestick pattern
without memorizing a single one
Now…
This is an extensive guide on Forex Trading for Beginners (with 3781 words).
So, take your time to digest the materials and come back to it whenever you need
a refresher. Now let’s begin!

6
 GUIDE TO MY SIMPLE STRATEGY

The Secret to reading Candlestick Patterns

What is a Candle Stick?
A Candlestick is a single bar on a candlestick price chart, showing traders market
movements at a glance.
Each candlestick shows the opening, lowest, highest and the closing price of a market
at a particular period of time.

Now, every candlestick pattern has 4 data points:

Open – The opening price
High – The highest price over a fixed time period
Low – The lowest price over a fixed time period
Close – The closing price
Here’s what I mean:

Remember…

For a Bullish candle, the open is always BELOW the close.

For a Bearish candle, the open is always ABOVE the close.

8
 GUIDE TO MY SIMPLE STRATEGY

For a Bullish candle, the open is always below the close.

And for a Bearish candle, the open is always above the close.
Next, you’ll learn a few powerful candlestick patterns to help you better time your entries…
• Hammer
• Shooting Star
• Bullish Engulfing Pattern
• Bearish Engulfing Pattern
I’ll explain…

Hammer

A Hammer is a (1-candle) bullish reversal pattern that forms after a decline

in price.
Here’s how to recognize it:

• Little to no upper shadow

• The price closes at the top ¼ of the range

• The lower shadow is about 2 or 3 times the length of the body

And this is what a Hammer means…

1. When the market opens, the sellers took control and pushed price lower

2. At the selling climax, huge buying pressure stepped in and pushed price higher

3. The buying pressure is so strong that it closed above the opening price

In short, a hammer is a bullish reversal candlestick pattern that shows rejection of

lower prices.

Now, just because you see a Hammer doesn’t mean the trend will reverse immediately.
You’ll need more “confirmation” to increase the odds of the trade working out and
I’ll cover that in detail later.
Moving on…

9
 GUIDE TO MY SIMPLE STRATEGY

Bullish Engulfing Pattern

A Bullish Engulfing Pattern is a (2-candle) bullish reversal candlestick

pattern that forms after a decline in price.

Here’s how to recognize it:

• The first candle has a bearish close

• The body of the second candle completely “covers” the body of the
first candle (without taking into consideration the shadow)

• The second candle closes bullish

And this is what a Bullish Engulfing Pattern means…

1. On the first candle, the sellers are in control as they closed lower for the period
2. On the second candle, strong buying pressure stepped in and closed above the previous
candle’s high — which tells you the buyers have won the battle for now

In essence, a Bullish Engulfing Pattern tells you the buyers have overwhelmed the sellers and
are now in control.

And lastly, a Hammer is usually a Bullish Engulfing Pattern on the lower timeframe because of
the way candlesticks are formed on multiple timeframes.

Here’s what I mean:

10
 GUIDE TO MY SIMPLE STRATEGY

Shooting Star

A Shooting Star is a (1- candle) bearish reversal pattern that forms after an advanced in price.

(The opposite of a Shooting Star is Hammer.)

Here’s how to recognize it:
• Little to no lower shadow
• The price closes at the bottom ¼ of the range
• The upper shadow is about 2 or 3 times the length of the body
And this is what a Shooting Star means…
1. When the market opens, the buyers took control and pushed price higher

2. At the buying climax, huge selling pressure stepped in and pushed price lower

3. The selling pressure is so strong that it closed below the opening price

In short, a Shooting Star is a bearish reversal candlestick pattern that shows rejection of higher
prices.

And one last one

10
 GUIDE TO MY SIMPLE STRATEGY

Bearish Engulfing Pattern

A Bearish Engulfing Pattern is a (2-candle) bearish reversal candlestick pattern that

forms after an advanced in price.

Here’s how to recognize it:

• The first candle has a bullish close

• The body of the second candle completely “covers” the body of the first
candle (without taking into consideration the shadow)

• The second candle closes bearish

And this is what a Bearish Engulfing Pattern means…

1. On the first candle, the buyers are in control as they closed higher for the
period

2. On the second candle, strong selling pressure stepped in and closed

below the previous candle’s low — which tells you the sellers have won the
battle for now

In essence, a Bearish Engulfing Pattern tells you the sellers have overwhelmed the buyers
and are now in control.

10
 GUIDE TO MY SIMPLE STRATEGY

Smart Money Strategy

It took me 4 years to become profitable trader during which I blew up several accounts,
losing thousands of dollars, until I found this picture so simple to understand...

10
 GUIDE TO MY SIMPLE STRATEGY

Trading terms you will need to know

CHOCH = Change of Character of the market/ change of trend

BOS = Break of Structure of a previous level

Retest = Price came back at a important key level zone

Entry = Enter into the market, buy or sell

Target = Take your profit/Target price to hit

Stoploss = Maximum trade loss/exit the market in case trade

doesn't go in our direction

Ration (1:3) = Three units of expected gain to one unit of

potential loss would be represented as a 1:3 ratio

10
 GUIDE TO MY SIMPLE STRATEGY

Short Position / Sell the Market

This is like a reversal strategy that you can find in the market, but i found it as
well as in the continuation pattern.

First of all, for the Short Position, we have to identify the market structure, in this
case we have a Uptrend, with a green Support level.

Now, we have to wait when the price will break the support level, that will create
a Change of Character (CHOCH) and put our Sell entry on the retest of the support
level with a Stoploss above the structure

10
GUIDE TO MY SIMPLE STRATEGY

EXAMPLES

10
 GUIDE TO MY SIMPLE STRATEGY

MORE EXAMPLES

10
 GUIDE TO MY SIMPLE STRATEGY

MORE EXAMPLES

10
 GUIDE TO MY SIMPLE STRATEGY

Long Position / Buy the Market

For the Long position is the same idea but opposite direction!

First of all we have to identify the market structure, in this case we have a
Downtrend, with a red Resistant level.

Now, we have to wait when the price will break the Resistant level, that will
create a Change of Character (CHOCH) and put our Buy entry on the retest of the
Resistant level with a Stoploss beyond the structure

10
GUIDE TO MY SIMPLE STRATEGY

EXAMPLES

10
 GUIDE TO MY SIMPLE STRATEGY

MORE EXAMPLES

10
 GUIDE TO MY SIMPLE STRATEGY

MORE EXAMPLES

10
 GUIDE TO MY SIMPLE STRATEGY

Some Final Words

Congratulations! If you have made it to this point, you definitely have the price action
trading spirit in you. I know I’ve provided you with a lot to think about in this guide, but you now
have the knowledge to take the information and apply it into your trading. Here are a few final
thoughts I’d like to share with you before I finish up.

How Much You Succeed is All Up to You

The thing about trading is that it doesn’t care about your educational background.

You can be a first-class honors graduate or a school dropout, but if you fail to follow the rules of
the market, it will take your money, regardless of your status and background.

But if you follow the rules of the market, then how much you can make is entirely up to you. You
can trade 0.1 lot, 1 lot, or 10 lots, and your profits and losses are just a matter of a few more
zeros behind.

Rome Wasn't Built in a day

Trading is like learning a new skill. You need to be willing to put in time and effort to be
proficient in it. There are countless lessons to learn from the markets and every mistake you
learn is a step closer to profitable trading.

Most degree graduates spent 3 years in school studying. What about a trader acquiring a skill
that could feed him or her for life? Don’t think about the money just yet. Just focus on doing the
right things one step at a time.

Some take 10 years before being profitable whereas some never figure it out and eventually give
up. If you really want it bad enough, then persevere on and always look at the big picture: the
chance to one day be a consistently profitable trader.

10
 GUIDE TO MY SIMPLE STRATEGY

My Course Overview

In real life, I do trade only this strategy, it took me some time to solve this puzzle before I
became profitable, and I'm confident enough of it. In this e-book is just the idea of the
strategy that I use, and you already can profit from it. You can open the chart and start to
find this behavior on different time frames and markets.

But Do You Want To Better Time Your Entries & Exits—So You Can
Profit In Bull & Bear Markets Faster?

The good news is...

You’ll discover all these in My Course, all the secrets reveled and explained, that made
me profitable with this Simple Strategy:

How I start trading day = the real time when I open the charts

Pairs do I trade = best pairs that work for my Simple Strategy

Time Frame = what is the best time frame I use for charts

Entries & Exits = how and where I put my entries and stops

Risk & Reward = the risk/reward ration for my strategy is at least 1:7

Examples = a lot of latest examples of the strategy succeed

I Make You Profitable

I've only one goal down here. To help you succeed as a trader and make money. I share
with you proven trading strategy and technique: You apply it!

Find out more on my Telegram

Don't be afraid to ask for help!

Many people, including myself, are happy to help people out. You’d be surprised. If you
never ask, you will never know, right?

10