VasilyTrader

📚13 Topics You MUST Study in Trading👨‍🎓👩‍🎓

Education
OANDA:EURUSD   Euro / U.S. Dollar

Hey traders,

I receive dozens of questions each and every day concerning the topics to study to become an expert in technical analysis .

Here I have collected the main subjects that, in my view, are essential for successful trading.

*the order of the topics is spontaneous and there is no logical sequence

1️⃣ - Candlestick patterns
To me, candlesticks are very important for understanding market behavior. A single wick quite often can tell you a story.
Mastering different candle stick patterns, you will be impressed by how much data and information you may derive from analyzing them.

2️⃣ - Price action patterns
At first glance price chart is complete chaos.
The market looks irrational and it feels like there is no way to read it.
Price action patterns are the language of the market.
With them, the price fluctuations start to make sense.

3️⃣ - Support & resistance
All my predictions, all my trades & signals are always based on support & resistance levels.
These are the levels that make the market change its direction, they influence the market so much, therefore you should learn to identify them and constantly hold them on focus.

4️⃣ - Supply & demand zones
The only difference between support & resistance and supply & demand zones is the fact that the first ones are represented as levels while the second ones are represented as the zones.
The identification of these zones is very important for proper market analysis.

5️⃣ - Key levels
Key levels are the strongest supports and resistances.
Of course, spotting various supports and resistances on the chart,
we can not say that they all are equal in their significance.
There is a strong (however subjective) hierarchy of them.
The most significant are called key levels and from them, the most significant moves are always expected.

6️⃣ - Trend analysis
When I teach my students how to analyze the price chart,
I always start with a trend analysis topic.
Knowing where exactly the market is going,
having specific and objective rules for the trend identification
are necessary for successful trading.

7️⃣ - Top-Down analysis
Multi-time frame analysis is my passion.
I am constantly combining the signals & observations from different time frames to make my trading decision and predict future market moves.
It proved to be a very efficient method of trading various markets.

8️⃣ - Financial instruments
Though to many it may sound obvious, in practice I know that a lot of people are struggling with a simple question "What to trade?".
You must learn to properly build your watchlist and you should have strong reasoning behind the selection of each unite that is inside.

9️⃣ - Trend following trading
As we know, the trend is our friend. And even though the phrase itself is very simple and straightforward, it takes so much effort and time to learn to follow the trend properly.

1️⃣0️⃣ - Counter trend trading
Occasionally the market reverses. Properly identifying early reversal signs and then catching a sharp counter-trend move, huge profits can be made.
Even though such a style of trading is considered to be extremely risky, being applied properly will generate a lot of cash.

1️⃣1️⃣ - Risk management
Losses are inevitable.
They are part of the game and we can do nothing about that.
The only thing that we can do, however, is to control the losses.
Calculating the risk for every single transaction is essential to avoid a margin call.

1️⃣2️⃣ - Leverage trading
Leverage selection, margin are the things that are tightly connected with risk management topic.
These are the terms that you must know how to operate with.

1️⃣3️⃣ - Trading psychology
Playing with real money, occasionally losing significant portions of your trading account can be a tough game.
It takes time to build a strong psyche to deal with the irrationality of the market.

Which topic to start with?
Pick any, learn it, study it.
They all are equally important so at the end of the day you need to cover them all in order to become successful.

❤️Please, support this idea with a like and comment!❤️
Comment: Check my new idea on EURCAD:
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Comments

Welcome to Editors' Picks!
100 coins
+12 Reply
how do i get d pdf to tose course
+30 Reply
Great work! People need to understand forex is just keeping it simple, your price action embedded with your support and resistance and understanding your candle stick and knowing how to mange loss is all one need to be successful in forex market. Great work @VasilyTrader
+7 Reply
I love this!!! I am very structured and this provides the guidelines which must be considered in order to become a successful trader. Thank you!
+7 Reply
TeunisDokter pinderpinder
@pinderpinder, Do you mean with structured that you will analyze all these points completely conscious before every trade? I have more of an intuitive model in using these factors, I am not sure if this will good results versus a standardized approach in which you consider all these factors completely conscious?
Reply
pinderpinder TeunisDokter
@TeunisDokter, LOL... no I probably would not trade if I used every item on the list. However I believe in the standard, Price Action, S&R and trend analysis. The other elements will be found along the way. They are good to know so that when it shows up, it is recognized and traded accordingly. I hope this answers your question.
Reply
Good work.
Kindly send me a PDF if there's for course. Thank you.
+6 Reply
Hello Sir / Madam i liked your this topics and it is essentials for all types of traders sir if you have any kind of tutorial for the Forex traders if you share it will be great help for me thanks and waiting for your reply .
+5 Reply
Great work!
+3 Reply