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    The Beginner Guide of Trading: 1, #1
    The Beginner Guide of Trading: 1, #1
    The Beginner Guide of Trading: 1, #1
    Ebook204 pages5 hours

    The Beginner Guide of Trading: 1, #1

    By alexandre abbassi

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    About this ebook

    Trading is the art and science of buying and selling financial assets, such as stocks, currencies, commodities, or derivatives, with the aim of making a profit. Trading can be done for various reasons, such as speculation, hedging, arbitrage, or income generation. Trading can also be done in different time frames, such as intraday, swing, or long-term.

    However, trading is not easy. It requires a lot of knowledge, skills, discipline, and patience. It also involves a lot of risks and uncertainties. Many traders lose money because they lack the proper education, tools, strategies, or psychology. Therefore, it is important to learn the basics of trading before entering the market.

    This book is designed to help you start trading efficiently and effectively. It will cover the following topics:

    The fundamentals of trading: what is trading, why trade, how to trade, and what to trade.
    The technical analysis of trading: how to use charts, indicators, patterns, trends, and signals to analyze the market and identify trading opportunities.
    The fundamental analysis of trading: how to use economic data, news, events, and reports to understand the market and its drivers.
    The risk management of trading: how to measure and manage your risk exposure, position size, stop loss, and take profit levels.
    The psychology of trading: how to develop and maintain a positive mindset, attitude, and behavior that will help you succeed in trading.
    The strategies of trading: how to choose and apply different trading styles, methods, systems, and plans that suit your goals and personality.

    By reading this book, you will gain a solid foundation of trading knowledge that will help you become a confident and competent trader. You will also learn how to use various tools and resources that will enhance your trading performance. Whether you are a beginner or an experienced trader, this book will provide you with valuable insights and tips that will improve your trading results.

    LanguageEnglish
    Publisheralexandre abbassi
    Release dateSep 9, 2023
    ISBN9798223655299
    The Beginner Guide of Trading: 1, #1

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      Book preview

      The Beginner Guide of Trading - alexandre abbassi

      The Beginner Guide of Trading

      by Alexandre abbassi 2023

      Table of Contents

      Introduction...............................................................5

      Dedication.................................................................5

      The Two Force in Trading....................................................6

      The Bear Force...........................................................7

      The Bull Force...........................................................7

      The Two position in trading (Short) and (Long)..................................8

      SELL ( Short ).............................................................8

      BUY ( Long )..............................................................8

      The different markets.......................................................9

      Learning Technical Analysis................................................10

      Candlesticks............................................................10

      Candlesticks pattern.....................................................11

      The Most important Candlesticks pattern we use to define a change of a short trend13

      The hammer..........................................................13

      Price action.............................................................15

      The importance of identifies the trend......................................15

      The 3 different trends....................................................16

      Candlestick patterns.....................................................19

      The Most important Chart pattern we use....................................20

      The Double Top.......................................................20

      The Double Bottom....................................................21

      The Support and Resistance..............................................22

      Support..............................................................22

      Resistance............................................................24

      The Supply and Demand zones............................................25

      The Supply zone.......................................................25

      The Demand zone......................................................26

      Trendlines..............................................................26

      Learning Indicators........................................................27

      Trends indicators........................................................28

      Moving average.......................................................28

      The 3 Most used Moving average..........................................29

      Momentum indicators....................................................30

      The Most famous Momentum Indicator the « RSI »..........................30

      RSI divergence........................................................31

      The Bollinger bands......................................................33

      OPR (open price range)...................................................34

      Fibonacci : retracement...................................................35

      Fibonacci retracement on downtrend market...............................35

      Fibonacci retracement on uptrend market.................................35

      Do not over use Indicators in your chart.....................................36

      The importance of confluence in trading......................................37

      Some exemple of confluence..............................................37

      Multi time frame Analysis.................................................39

      The three most commonly used time frames in trading are:....................40

      The timing in trading.....................................................41

      The importance of having an Edge in the market.............................42

      The importance of Money management in trading..............................43

      Using a stop loss is key in trading..........................................44

      Risk Rewards is crucial in trading..........................................45

      The Fundamentals.........................................................47

      Hawkish vs Dovish.......................................................48

      Hawkish..............................................................48

      Dovish...............................................................49

      Eanings................................................................50

      TESLA after earnings....................................................50

      Avoid news when trading at all cost !.......................................51

      The psychology in trading represent 90% of trading............................52

      Accepting That Trading is random no matter what............................52

      Understand that trading is a game of probability..............................53

      We don’t need to know what’s happening next in order to build a consistent income in trading53 Thinking long term in trading  54

      How to deal with losses and losing streak...................................54

      Steps that can help you.................................................54

      Overconfidence in trading.................................................55

      Fears in trading..........................................................55

      Steps that can help to overcome Fear in trading............................56

      Greed in trading.........................................................56

      Steps that can help to overcome Greed in trading..........................56

      Avoid all in, and overleverage at all cost....................................57

      The good psychology in trading...........................................57

      Don’t Stay the entire Day in front of the charts...............................57

      The Process in Trading...................................................58

      Avoid scammers........................................................59

      The trading plan...........................................................60

      Exemple of trading plan..................................................60

      Having a personal trading plan who fit You..................................61

      The importance of sticking to the plan !.....................................62

      Trading Journal.........................................................62

      Create your own Trading Journal using Discord..............................62

      Trading Journal exemple.................................................63

      Tracking progress and failures in trading is crucial for the following reasons.....64

      The weekly debrief and objectifs of the Week...................................65

      Being aware of your weakness and Strengths in trading..........................66

      Journal your trades every day !..........................................67

      Importance of Discipline in trading...........................................68

      Two Trades per Day......................................................68

      Be aware of news and dont trade them......................................69

      The routine of a trader................................................70

      The steps to respect before entering a trade.................................71

      Backtesting................................................................73

      Tools used in Day trading...................................................73

      Magic keys with mt4.....................................................74

      Tradingview for Analyse the market........................................74

      Meta trader 4 for enter a Trade.............................................76

      Discord for the trading journal.............................................77

      YouTube................................................................78

      Some YouTube Channel to follow for trading...............................79

      Finding a good mentor.....................................................80

      Prop Firm................................................................81

      The reccomended Prop firm................................................82

      The others books You must Read for trading and personal developping...........82

      Contact..................................................................83

      Special thanks !...........................................................83

      Introduction :

      Trading can be a complex and challenging field, but with the right knowledge and approach, it can also be a rewarding way to grow your wealth. Drawing on my three years of experience in the markets, as well as insights from other expert traders, I have created a comprehensive guide to trading that will help you navigate the ups and downs of the financial markets. In this book, you'll find a wealth of practical advice, including how to develop a successful trading plan, understand different market types, use technical and fundamental analysis, manage risk, and much more. Whether you're a seasoned trader or just starting out, this book will provide you with the tools and techniques you need to succeed in the exciting and fast-paced world of trading.

      Dedication :

      This book is a comprehensive guide to help traders of all levels understand the fundamentals of trading, including market mechanics, risk management, and strategies for success. The goal is to provide readers with the knowledge and skills needed to make informed trading decisions and reach their financial goals.

      Whether you are a beginner or an experienced trader, this book covers all the essential aspects of trading, from market analysis to executing trades. With clear explanations and practical examples, this book

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