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Candle Sticks Patterns
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🌟The Candlestick Mastery - Elevate Your Trading Skills 📈 Dive into expert candlestick analysis and access a wealth of free educational resources. Join a community dedicated to trading success. 🚀💼
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Same_as_Ever_A_Guide_to_What_Never_Changes_Morgan_Housel@AllCan.pdf2.18 MB
Top 5 Currency Correlation Pairs:
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1. EUR/USD vs GBP/USD: 89% positive correlation
2. GBP/USD vs USD/CHF: -93% negative correlation
3. AUD/USD vs NZD/USD: 87% positive correlation
4. EUR/USD vs USD/CHF: -91% negative correlation
5. GBP/USD vs USD/CAD: -88% negative correlation
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Currency Pairs That Typically Move in the Same Direction:
AUD/USD and NZD/USD
EUR/USD and GBP/USD
USD/CHF and USD/JPY
EUR/USD and AUD/USD
EUR/USD and NZD/USD
Currency Pairs That Typically Move in the Opposite Direction:
USD/CAD and AUD/USD
GBP/USD and USD/CHF
EUR/USD and USD/CHF
USD/JPY and AUD/USD
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GBP/USD and USD/JPY
SMC Best Course That Helped Me Learn
This Smart Money Concepts (SMC) course by @Guardeer is amazing! It explains everything in a simple and easy-to-understand way. I’ve learned so much from it, and I highly recommend it to anyone looking to master SMC.
🎯 Course Playlist:
SMC Course - Easy & Detailed
https://youtube.com/playlist?list=PLSMuynR0LDMxnMMrNq-239BQwyESPX0gK
Check it out and level up your trading knowledge!
What to Learn as a Trader
🎓 Master these skills to become a pro:
Price Action Strategies
Risk Management
Support/Resistance Techniques
Smart Money Concepts (SMC)
Keep learning and improving every day. Success comes with knowledge! 🌟
Important Rules to Follow
💡 Key Principles for Beginners:
1️⃣ Don’t trade real money in your first year. Focus on learning and mastering your strategy.
2️⃣ Losses are harder to recover. Practice strict risk management.
3️⃣ Avoid FOMO (Fear of Missing Out). Patience pays off in trading.
Stick to the plan, grow steadily, and don’t gamble! 🎯
Read all three books in December 📚 to become a profitable trader in 2025 💹!
Markets are currently slow, so please make the most of this time by using it wisely. Take a moment to read this carefully.
Markets are currently slow, so please make the most of this time by using it wisely. Take a moment to read this carefully.
Markets are currently slow, so please make the most of this time by using it wisely. Take a moment to read this carefully.
📅 Forex Trading Timings According to Daylight
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Normal Trading Hours:
Monday (Open): 3:30 AM
Saturday (Close): 2:30 AM
Winter Zone:
Opens 1 hour earlier.
Example: Monday - 2:30 AM, Saturday - 1:30 AM
Period: October - April
Summer Zone:
Opens 1 hour later.
Example: Monday - 4:30 AM, Saturday - 3:30 AM
Period: April - October
🚀 Stay updated and trade smart!
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Forex Market Sessions and Trading Timings
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📈 Forex Market Sessions
Indian Session: 9:00 AM - 5:00 PM
Four Major Sessions:
1. Sydney Session: 3:30 AM - 12:30 PM
2. Tokyo Session: 5:30 AM - 2:30 PM
3. London Session: 1:30 PM - 10:30 PM
4. New York Session: 6:30 PM - 2:30 AM
💡 Best Time for Trading
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Overlap of London Session and New York Session:
6:30 PM - 10:30 PM (IST)
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