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INTRODUCTION

My name is AYENI ABEDNEGO.

I graduated from university of Ibadan.

Am a full-time forex/crypto trader with over 7 years of experience

and I make a living with it. I have traded for not just myself but
companies. If you are in Bayelsa or PH,"Eleme", you should know
me as I was the head trader in a company named BARAZA.

I have also mentor others in this business that are currently making waves in their
families through my mentorship.

I am currently the founder of JUST THE CHART and I will be you host/mentor till
you make your first 2 million in this business.

You can connect with me on WhatsApp as friends by sending a dm.

My Facebook: https://www.facebook.com/ayeni.abednego

For doubting Thomas, below is my ID as the lead trader for BARAZA that has
branches in Nigeria and outside the country.

As we go along, you will notice am a person of proofs. If I tell you I make 5

million monthly from trading and you don't believe, I will show you but if you beg
me, I won't give you shi shi
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STAGE 1- "NURSERY LEVEL"

 INTRODUCTION
 WHAT IS FOREX
 WHAT IS TRADED ON FOREX?
 WHO IS A FOREX BROKER?
 TERMINOLOGIES USED IN FOREX.
 FORMS OF TRADING
 CURRENCY PAIRS.
 MT4 INTERFACE PART 1

STAGE 2- "PRIMARY LEVEL"

 WHAT IS A PIP
 WHAT IS A SPREAD
 FORMS OF TRADING ORDERS
 CONCEPT OF TAKE PROFIT AND STOP LOSS
 LEVERAGE
 LOT SIZE
 RISK MGT
 COMMON MISTAKES BY TRADERS
 TRADING PLAN
 MT4 INTERFACE PART 2

STAGE 3- "SECONDARY LEVEL"

 WHAT ARE CRYPTO CURRENCIES/TOKEN

 UNDERSTANDING HOW TO USE BINANCE
 HOW TO KNOW WHEN TO ACTUALLY BUY OR SELL
 HOW TO GENERATE SIGNALS FOR YOUR SELVES.
 TIME FRAMES ANALYSIS
 SUPPORT & RESISTANCE LEVEL
 CANDLE STICK ANALYSIS
 CHART PATTERNS
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 PUTTING IT ALL TOGETHER

 MY TRADING STRATEGIES THAT GIVE ME ATLEAST 30%
monthly

STAGE 4- FINAL STAGE

 MENTORSHIP
 LIVE TRADING
 FREE 6K$ ACCOUNT (TRADE AND TAKE THE PROFIT FOR
THREE MONTHS)
 DAILY SIGNAL
 PREMIUM
 DAILY MARKET ANALYSIS
 COPY JUST THE CHART TRADES

THIS PDF MAINLY CONTAINED COMPILATION OF STAGE 2

LESSONS, IF YOU HAVE ANY QUESTION OR NEED ACCESS TO PDF
FILE ON STAGE 1 LESSONS FOR FREE, CLICK ON THE LINK BELOW
TO CONTACT THE AUTHOR.
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STAGE 2
TODAY MARKS THE REAL BEGINNING OF YOUR FOREX JOURNEY

IF YOU HAVE NOT BEEN FOCUSED BEFORE, PLEASE START FROM

TODAY.

ALL WHAT WE HAVE BEEN DOING SINCE IS INTRODUCTION,

TODAY WE ARE STARTING THE MAIN FOUNDATION

We are Starting with the Topic No (1) …

WHAT IS A PIP?

PIP IS THE BEDROCK OF EVERYTHING, I REPEAT EVERYTHING WE

ARE GOING TO BE DOING IN FOREX.

If you miss the Concept of Pips here, believe me your foundation is going to be
shaky all through your Forex journey.

Currencies are gauged in pips, Trade orders are placed in pips, Profits are
calculated in pips.

Practically everything we are doing in Forex involves Pips.

So, take your time to understand this very Important topic.

A PIP is the smallest unit in which a Currency pair can change…

It can also be said to be a standardized unit and the smallest amount by which a
currency pair in forex market can change

You all remember what a "CELL is in the body" ...

A quick reminder - A cell is the smallest unit that makes up a life/system.

So also, PIP. It's just like the CELL of Forex.

This is where I need maximum concentration from you all.

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If you are distracted, from here please stay focused from now onwards

For most currency pairs in Forex, We start Calculating the pips from the 4th
decimal place except for JPY pairs.

Before I start, let me repeat…

The Pip is being calculated starting from the 4th decimal place.

So, ignore that number superscript beside all the pairs.

From the EURUSD in the image uploaded above...

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You, start calculating the PIP from the 4th decimal digit there which is ""2""

So if EURUSD which is currently at 1.0642 Makes a move of 1 pip

Its new value would become 1.0643.

The 4 at the top is a superscript and not needed. Those are pipet

Currency moves generally in Forex are measured and calculated in pips

So, how did I get 1.0643?...

I added 1 to the 4th decimal placed number there and it increased from "2" to "3"

If USDCHF makes a move of 5 pips from that value of 0.9622

The New market value would be at 0.9627

How did we get that?

Once again, we added "5" to the 4th decimal placed number which was "2" and we
got "7"

Hence our new value was 0.9867

Now for most currency pairs in Forex.... The pip Calculation, starts from the 4th
decimal place.

Now there are some currency pairs that are not up to 4 decimal places.

Some of them have specific ways of Calculating them.

Example of those pairs are JPY pairs

E.g.

USDJPY
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EURJPY

GBPJPY

AUDJPY

NZDJPY etc.

Another popular Example is Gold

ie

XAUUSD

By seeing how to Calculate pips on Gold ie

XAUUSD

Gold is represented as XAUUSD

Because, if the Chemical Formula for Gold in

the periodic table is AU

So, some Brokers write it as XAUUSD instead

of Gold

If gold move by 1 pip. 1898.88 will be our new

figure
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Same for jpy pairs. The pip calculations start

from the 2nd decimal which Is 1 and if we have
a 5 pips movement, it will turn to 135.86

If you have a PC/laptop, you don't need to go

through all these calculators as your PC mt5/mt5
does the calculations automatically for u but in
order to know how they got those values is why
am explaining.

I am going to give everyone class work at the

end of today class.

Let's fire on
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CONCEPT OF BIDPRICE AND ASK PRICE

Today we are going to be answering the question

that many of you were asking before

Why are there 2 prices beside each quote.

You know I always tell you guys that I like

Teaching in steps that won't overload you who is
listening.

As we approach that area, we would tackle it and

you would understand it better

Let's now get to what they mean…

Bid Price is the price that buyers are willing to buy.

While, Ask Price is the price that sellers are willing to sell.
 P a g e | 10

Write those definitions down.

I would break it down now.

As usual, I would use what is happening around us to explain these concepts.

I always like simplifying things for my students.

Forex is not meant to be hard, it's people that try to make it complex so as to
monopolize the business for themselves.

Let's say u receive $10,000, from a friend abroad.

And u walk into a bank to exchange it, bank would tell you that the latest CBN rate
is let's say N350.

So, they would give N3.5 million Naira as equivalent to the $10,000

Let's say the next day...

You walk into that same bank…

You had an emergency and you needed to travel abroad and you are requesting for
same $10,000.

They would now tell you that their own Bank rate is N370.

So, you would now have to pay N3.7 million for same $10,000.

In this situation, N350 here is the Bid price, while N370 is the Ask price.

That is how Bank makes their Money.

They just made N200,000 profit from you in just a space of 24 hours.
 P a g e | 11

That is why Banks would always be King over the masses.

They control the flow of money.

And would always continue to live in big houses and drive big cars and pay the
workers peanuts.

That is why, they would never want you to learn FOREX.

Because Foreign Exchange is so Liquid that it can change your fortune around in
just few weeks of trading.

However, this Monopoly of knowledge is being circulated among the Elites

Let's come back to Forex…

In Forex, the Bid and Ask price work same way.

However not as exuberant as the one Banks exploit us with.

The difference between these 2 in forex is just in points.

So, the Bid Price is that price that buyers also in Forex are willing to buy while

Ask price is the price that the Sellers are willing to sell.

Here Buyers and sellers are not human beings.

It's the market in this case…

You Buy from the market and Sell to the market.

So, the meaning of this above is that when you place a BUY ORDER in Forex, it
would activate for you using the Ask price (remember that the Ask price is the
Price that Sellers are willing to Sell to you, who is the Buyer).

While in reverse…
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When you place a SELL ORDER in Forex it would activate for you using the Bid
price (remember that the BID price is the Price that Buyers are willing to Buy from
you, who is the Seller)

Let's relate it to our example of banks above…

When you brought your $10,000 to the Bank, you are the seller at that instant while
the Bank was the Buyer.

So, they gave you their Bid price of N350.

Because that is the price, they are willing to Buy

While in reverse…

When you came back the next day that you want to travel for an emergency you
now became the Buyer (no longer the Seller).

You needed to Buy dollars to Travel urgently….

Now the Bank in this case became the Seller.

So, they gave you the dollars at their Ask price which is the price that Sellers are
willing to Sell (remember they are now the sellers)

Remember from the example I gave above 370 Naira was the Ask and it's bigger
than the Bid price which was 350 Naira.

So Also in Forex... The Ask is also higher than the Bid price...

Let's now move to the next concept Related to them….

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WHAT IS A SPREAD?

SPREAD is the difference between the BID and ASK price.

In the example I gave above.

The Spread is N370 - N350 = N20

The Spread is 20 Naira.

That is the profit of the Banks.

So also in Forex, the Spread is the profit of the Brokers, however in this case, it's
very small because it's measured in pips.

Class-work

Work 1

If AUDUSD at a current price of 0.7070 makes a move of 7 pips, what would be

its new value?

Work 2

If USDJPY at a current price of 110.60 makes a move of 5 pips, what would be its
new value?

Work 3

If XAUUSD at a current price of 1291.00 makes a move of 5 pips, what would be

its new value?

Our next topic will be…

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TAKE PROFIT AND STOP LOSS

It’s very important for those that already trading in this group…

Let's say you entered a currency pair…

Let's call it AAA/BBB…

And it's currently at $40…

And from your Technical or Fundamental Analysis, you found out that it would
soon rise…

So, you immediately opened your MT4 and Clicked on BUY…

And your target for this Trade is just 50 pips

You don't want to be greedy.

For you to set a Target profit at 50 pips…

You add it to the price you entered, which

was $40

So, your TP would be at $90…. That's how

tp works.

That’s where to set tp

So anytime, it Starts Climbing and Reaches

$90, even if you are not online, Your
Brooker would close the Trade for you
automatically using your MT4 and add the
$50 profit to your account immediately

So, that's how tp works.

Let’s talk on the other BOX opposite the take

profit TP (red arrow) box...... Let’s see some
calculation on how it works.
 P a g e | 15

Let's say I want to Buy a Currency pair named AAA/BBB.......

And the price is Currently at $40…

And want a TP of 50 pips… (So, I would set my TP at $90, we saw this part earlier)

Now after setting my TP, I would also tell my Broker, that look Mr Man I'm
buying, so I want my trade to be open only when the price is going up.

That if the price tries to go down by let's say more than 10 pips, Close my Trade
for me.

So, you only want to stay in the trade when the price is going up.

Now, you gave your Broker a STOP-LOSS ORDER of 10 pips.

Remember the initial price was $40.

So, for a Stop-loss of 10 pips…

You should set it at $30, So anytime the price reverses and starts falling without
your knowledge, if it gets to $30. Your trade would close for you, preventing
further losses, even if you are not online.

Let's say I want to Buy a Currency pair.

CCC/DDD….

And the price is at $100…

And I want a TP of 40 pips and a Stop-loss of 5 pips (meaning I don't want to lose
more than 5 pips) …

My TP would be $140…

While my Stop-loss would be at $95.

 P a g e | 16

So anytime the price wants to fall, and it falls by 5 pips from $100 to $95, my
Broker would automatically close my trade for me. Preventing me from further
loss, even if you are not online.

Technology of MT4/MT5 has made Forex so interesting, you control how much
you earn and also how much you don't wanna lose in case market reverses

We analyse that EUR/USD is going to move upward or bullish and its currently at
0.2340….

I want a tp of $20…

A stop loss of $5…

What will be tp & sl if price is currently at 0.2340?

In Summary…

While buying your TP is above (because you want the price to go up) …

while your Stop Loss is below (because if it starts going down, that's against your
trade plan).

In Reverse

While Selling your TP is below (because you want the price to fall) …

While your Stoploss should be above (because if it starts going up, that's not your
trade plan again)

Our NEXT topic would be…

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LOT SIZE

Should we end here tonight or continue?

H...m. ok…. lotsize

LOT SIZE is the amount/quantity of a Trade that you Bought or Sold. It's
sometimes called your Position size/Trade size

In Forex market, these currencies are not Bought and Sold singly.

They are Bought and Sold in Packs called Lotsizes.

That is what makes the gain appreciable, if not your profit in Forex would have
been $0.0001 or something like that.

But because u buy this Currency in Bulk/Packs known as Lotsize, that's why the
gain is appreciable.

Let's see the types…

THERE ARE BASICALLY 3 TYPES OF LOTSIZES

 STANDARD LOT

 MINI LOT

 MICRO LOT

Let's note them down...

Standard Lot contains 100,000 units and is represented on mt4 by 1.0

Mini Lot contains 10,000 units and is represented on mt4 by 0.1

Micro Lot contains 1,000 units and is represented on mt4 by 0.01

 P a g e | 18

I would show you where to input them on MT4 soon, Let's just explain what each
of them means.

Sit tight…

As Usual, I would always use things around you, to explain complex matters of
Forex to you so as to make it simpler.

Let's assume we have 3 Traders A, B and C that deals on Jeans Wears.

You know for them to make profit; they can't just buy single pairs of jeans from
the wholesaler.

They need to buy these Jeans in bundles for the profit made to be appreciable.

Those Bundles are what we call LOTSIZES.

Now…

Assuming Trader A buys 100,000 bundles of Jeans…

And Trader B buys 10,000 bundles of Jeans…

While Trader C buys just only 1,000 bundles of Jeans.

You would agree with me that Trader A would make more money than Trader B,
who will in turn make more money than Trader C.

And what determined how many Bundles of Jeans they bought is the Capital
they invested in the business.

That is a Typical illustration of Lotsizes.

In the Illustration above Trader A bought Standard Lotsize.

While Trader B bought Mini Lotsize…

And Trader C bought Micro Lotsize.

 P a g e | 19

Let's now see the Pip Equivalent of each lotsize

For STANDARD LOT SIZE

1 PIP = $10

For MINI LOTSIZE

1 PIP = $1

WHILE FOR MICRO LOTSIZE*

1 PIP = $0.1

I would show u where to input them on MT4 soon, Let's just explain what each of
them means.

Sit tight…

If 3 Traders trades a Currency pair.

And 3 of them made 50 pips.

Let's say Trader A traded 1 Standard Lotsizse of the pair…

While Trader B traded 1 Mini Lotsize of the pair…

And the Last Trader C, traded 1 Micro Lotsize of the pair.

Trader A would make 50 pips $10 = $500

Trader B would make 50 pips $1 = $50

Trader C would make 50 pips $0.1 = $5

Even though they still participated in the same trade and the market moved in their
direction for the same amount of pips.
 P a g e | 20

There profits were different because the amount of that particular Currency they
bought was different

Some people would ask….

“Please what's the minimum amount to start up in Forex.”

Some Brokers do accept minimum amount of $100, some $200.

However, the Broker, we all are using here even takes as low as $10 as minimum
amount.

I do tell all my students, Please and Please…

Because Hotforex accepting a minimum deposit of $10, that does not mean you
should go and start up your Forex journey with $10, you would just get frustrated
because your profit would be coming in cents.

U would be seeing $0.04 and all those rubbish small money for all the data you
wasted.

Does it worth It?

So, I usually tell them… don't rush to start if you don't have a startup capital yet.

Still continue receiving the Lectures while you gradually gather money for yourself
to Kick start.

For me, the minimum amount I usually advise them to start Up with is between
$50, $100 to $200

That is just the minimum, the smart among them usually starts with between $500
to $1000.

I have a WEMA bank guy now currently receiving signal in my group.

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He waited, gathered money and started with $500, now his account is over $2000
excluding withdrawals.

So don't always rush in to start if u don't have enough capital with you.

Wait and gather your capital, then you join us.

With $200, u can be making $10 to $20 daily.

That's why I left the question, so that I can answer it now that you all have
understood *Lotsize*

Where to place lotsize

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LEVERAGE

Leverage is the ability to use something small to control something big.

In the case of Forex, using a smaller Capital Base to control a larger Lotsize

To understand this Concept of Leverage, let's take a brief history of how Forex was
initiated.

Initially in Forex, it's not anyone that is allowed to Trade Forex.

Just as we see currently in New York Stock exchange, forex are only traded by
people we call the Kabals (MEN OF WALL STREET).

Usually Investment Banks, Rich Men, Monarchs, Big Business Men, Company
Owners, etc.

Now let me take New York Stock exchange for example…

For you to trade in the floor of New York Stock Exchange Market you should be
making a specific amount of millions of dollars per annum…

You shouldn't be owing any Mortgage…

Your Tax documents are up to date…

With so many useless criteria just to limit it to the Elites.

That is how it was in forex market, then.

Common Men like you and me wouldn't have benefited from this lucrative
business.

Now during the invent of the Internet, the world became a Global Village, in which
you can Buy and Sell from anywhere around the world

This led to the proliferation of Forex Brokers.

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Now Forex Brokers had so many customers around the world, enough that they
could solve that single problem of capital for us.

Now those World Banks, etc., still requires a certain amount of money from
someone to be able to trade with.

But because brokers have pulled sum amount of money together, we are now
allowed to trade through our brokers.

So instead of an individual Trading with 1 million dollars, you can actually place a
trade with as little as $10 because you are not going alone.

You are going to the market through your Broker, who is recognized by the World
Bank as a formidable force. Because it has a large capital base.

I believe this simple illustration is understood.

Now your Broker allows you to trade because he offers you what they call
Leverage in the Fx Market.

The principle of Leverage is virtually multiplying that your little capital so that you
can use it and buy something worth a bigger value.

Example

Remember when you were filling forms, I asked you all to fill Leverage as 1: 500
or 1:1000 etc.

Let's assume you have $100 in your forex account…

Normally $100 wouldn't have been able to place a trade in the forex market.

But because your Broker gave you leverage you can now do that.

Let's assume you choose a Leverage of 1:500 during registration

With that $100 capital you can be able to place a trade of $100X500 = $50,000.

Hence, you are actually controlling trades worth $50,000.

That is what is making the profit we have in Forex appreciable.

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Our last brief topic for today is…

TRADING ORDERS

Shortest topic…

There are basically 3 types of trading orders

✓ Instant market execution

✓ Stop orders

✓ Limit orders

We would just be talking in details about Instant Market Execution. We will see
the other types when we discuss Support and Resistance in FOREX (Stage3), so
that you all would understand them properly

Instant Market execution simply means that you are buying at that instantaneous
Market Price.

Let's say a Currency pair is presently at $50 and you Clicked on Buy. What u did
was Instant Market Execution because you bought at that current price.

While the other 2 types which are Stop orders and Limit orders are when you are
buying at a future price.

Let's say you want to wait until the price of that currency pair falls to $40 before
you buy.

You are no longer doing Instant Market Execution.

 P a g e | 25

Let's see where to set all these Market

orders in our MT4.

As you click on Market Execution, all other

various forms of market orders would
appear for you to select the ones you want...

It’s usually at Instant Market Execution by

default… because most times traders buy or
sell at that instant price...

But there are some analysis that make

traders use others too…We will see them
soon…

Stage 3, 4 & 5 are going to be very tedious;

time consuming and would last for a long
time...

Not just a 1week stuff

It's a complete Forex/crypto academy &

mentorship class not just a mere seminar.

Also apart from the training, I would be

dropping Live Signals for Profitable
Trades on the group so that those with live
accounts can start taking these trades and grow their accounts.

As you all will agree with me, every worker deserves his wages. But am not
charging anyone here as I make money from my course on my website which is
150k and my trades

Stage 3,4 & 5 is going to be tedious and hectic, especially for me but I need to
grow my community of traders.

Sometimes I might have to leave my trades to train everyone.

 P a g e | 26

So, This Stage would only be for Serious and Committed members.

Not just the crowd.

So, for the start of Stage 3 up-to Stage 4... I would only work with people who are
willing to move on with me.

Because of the situation of country especially Nigeria and also, how far we have
been here together; I won't task you all much.

Stage 3 till the end commitment fee is N8,500 ($15) …

It would qualify you to migrate to senior classes.

It’s not mandatory to fund the account,

Just register with the broker I dropped…

The Link to the SENIOR CLASS for Stage 3 and 4 would be given to those who
qualify.

I've already kept everything in place…

If you are interested CLICK ON THIS LINK TO REGISTER and let's discuss
about the journey of your success
 P a g e | 27

RISK MANAGEMENT

On the topic ‘Risk Management…’

It’s composed of all these topics you have been taught before now…

Topics like Lot size,

Stop loss, Trading plan, Greed elimination, etc.

It's all a spectrum…

Because I told you guys that 1.0 Lotsize gives $10 per pip…

And 0.1 Lotsize gives $1 per pip…

You would see someone trying to go and use 1.0 Lotsize because he wants to get
rich overnight.

Even Using it on a $200 account.

That's what we Call Over trading in Forex.

Always stick to a Lotsize commiserate to your account.

Never get greedy.

The market would always be there.

Even if it's 0.1, you are starting with, it's still OK.

If you make $50 daily and you couldn't reach $100 daily… It's still fair.

$50 daily is $250 in a week… It's not bad for a starter

As time goes on you will progress to $70 to $80 to $100 daily.

So those things I mentioned are important aspects of Risk management.

 P a g e | 28

Though, I would be with everyone, (Premium students) all through the way in this
your new journey in the world of Forex.

So, if you have any problems, you can always ask so that you would know how we
do it.

That's why it's a Mentorship Class and not just a Seminar that they would teach
and leave you.

As you go along in the course of your training, you would be seeing how we apply
all these practically.

Let's move on with next topic on our outline

TRADING PLAN

In everything you do in life, you need a plan.

There is a saying that when you fail to plan, you are plan to fail.

That's why you need a written trading plan before you kick off your forex trading
journey.

Take note of that word “written”

You need to write it down.

Next is that you need to follow this plan judiciously.

Never try to adjust it to suit your present market conditions or biases

Most traders neglect this vital aspect of Forex.

Also, while forming your plan, it needs to be SMART

✓ SPECIFIC

✓ MEASURABLE
 P a g e | 29

✓ ACHIEVABLE

✓ REALISTIC

✓ TIME BOUND

You need to factor all the above into consideration.

I would share with you all, my personal trading plan that I normally give my
students.

This plan should be like a guide, so that you can use it to form yours.

It mustn’t be exactly like mine, however it's just a Guide.

MY TRADING PLAN

 I would earn 30% of my trading equity in 1 month

 I would set a near term goal and make at least 5% make at least of my
trading capital in 1 week and I would plot this target daily

 If I am behind my trading plan for the quarter; I would take a brief break to
re-evaluate my trading system.

 I would not trade more than 3 markets per day (i.e., more than 3 currencies
pairs)

 If I have more than 4 loosing trades in a row, I would take a trading break of
2 days to re-access the market.

 Anytime I take a break, I would close losing trades set protective stops on a
Winning trades and TP at reasonable targets; should I be unavailable and
Market gets to my Target level.

 I would take 40% out of my account and invest in non Fx related business
(like Real Estate) and reinvest.
 P a g e | 30

 I would record my daily trade activities in my trading log and review them
weekly.

 I would know my ratios and results and would work to improve on them by
at least 5% per week.

 I would invest 4 hours a week to update my Knowledge on Forex and learn

new Trading Strategies

The above is a summarized version of my Trading Plan

It shows the salient points in the plan.

I printed this out and pasted on the wall near my Trading Desk, because the more
you look at it, you would be more obliged to follow the plan.

While forming your plans, especially your targets, make it realistic depending on
your capacity.

Because I set my target at $50 per day or another person sets his at $500 per day,
that should not influence yours

Always make it realistic.

If for a start, you make $20 per day, believe me it's a good start.

For a little capital of $100 to $200, you can set up your target at $10 to $20 per day.

In a week, my brother that's almost $100 to $200.

The main aim of Forex in this early stage is to support your normal expenses.

Something to make u not depend on salary alone.

Then as you now grow in Forex, you can now increase your capital… Hence,
increasing your daily target.

Whether you are in school or doing a day job or into business…

It’s an additional source of income to everyone.

 P a g e | 31

A time would come that u wouldn't depend on your salary again for anything.

So always start it step by step.... With time you will get there

Next is that it's important to always review your plan.

Review it weekly…

I.e., at the end of the trading week.

Check your Transaction history for the week.

Have you achieved 1/4th of this plan?

Where are you currently and what part of your target is remaining.

That would influence your trading for the upcoming week.

Another important aspect of the Plan is once you have reached your target for the
day.

Always close and go and rest for that day…

The cash flow would still continue tomorrow…

Forex market has been around for decades, so it won't close that day.

So always take your bow off, when you reach your target.

As we begin stage 3 and 4 - you guys would notice that immediately I reach my
target, I would close for the day in all trades.

May be, you set a target of $100 per day (let's assume you have a capital of $500…

Then you have already made $99.2….

Then, one of your Fx colleagues just called you that Donald Trump just pulled the
plug on Iran deal that you should Buy Brent Oil…
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And you immediately rush back into the market.

Instead of waiting for the next trading day as if the market won't continue
tomorrow.

So, you must eliminate that factor of Greed while formulating or trying to stick to
your trading plan.

By taking the market, slow and steady…You will always be comfortable with
forex.

After forming the plan, you can chat me up to help you review it or if you have any
clarification with any aspect of the template I gave which you don't understand,
Feel free to ask questions.

Like I said, it's a Mentorship Programme, not just a seminar.

Hence, I will always be there to offer anyone guide and Support.

Let's move on to the next topic…

COMMON MISTAKES MADE BY TRADERS

Those that have gone through this path ahead of you would tell you this are what
people have done which didn't yield positive results and hence u should modify
your own actions.

So, I would be highlighting some of these mistakes so as we all should be aware of

them.

The 1st is Not having a trading plan....

Which I have already highlighted above, the importance of planning your trades
from daily to weekly to Monthly
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Next is Paper trading for too long... (DEMO)

Even though it's good to demo trade, but don't dwell in the fantasy world for too
long...

Get into the real market and trade and analyze with your emotions on the line...

That makes you stronger.

Dwelling in the fantasy world would make you feel relaxed and you won't learn
because u would always say to yourself…

"it's paper money"

So, after the training in the advance class…

Start trading Live..

Even if it means, starting with one trade per day.

With time you would increase it.

Like I said, there is nothing wrong with starting small and growing gradually.

Always remember to put SL in all your trades

Technology has made it there to protect your accounts.

No matter how good you might have analysed the market.

You may not know when a major news would be released and it could change the
direction of the market (that's why it's always good to look at the Economic
calendar before the beginning of every week)…

But by setting your Stop-loss, no matter the news whether it's against your
direction, you will be protected
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Next is Opening so many Trades.

U would see someone open…

GBPUSD

EURUSD

USDJPY

USDCHF

AUDUSD

AUDCAD

EURJPY

GBPJPY

EURCAD

EURGBP

NZDUSD

Is forex trade a family business?

Only one person...

Tell me, how can you monitor all these trades?

It all boils down to Greed

Because you want to Grab every single pip in the market…

Since its $5.3 trillion dollars liquid cap, you want to go home with half of the
market volume .

As if there won't be another market day.

Never open so many trades, that you can't monitor.

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It tends to distract you and divide your concentration.

I always limit myself to 3 currency pairs per time.

If you see me open another currency pair to monitor, that means one entered my
target profit quite early in the day so I had to open another trade.

The last but not the least (as we would address others as we encounter them within
the course of the training) is…

Anticipating how the News would affect the market

Remember we talked about Fundamental Analysis…

I mentioned that Fundamental Analysis is trading the market using the News.

You can also use forexfactory.com, investing.com or the news area in our mt4 app
to get news updates.

Here, you see important releases for the week.

We would learn various strategies on how to trade Nonfarm payroll soon.

So, no need to get in quick, even if it's 40 pips, you could catch it's Ok…than
trying to get in early and catch the whole 100 pips.

It's always good to be patient with the market.

These are the common mistakes made by Traders.

It's always important, to note them down and try as much as possible to avoid them
during your forex journey.

The last topic for our Stage 2 is…

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MT4 INTERFACE

This is about knowing how to use the MT4…

Where to see each function…

How to place trade….

Where to see your indicators…

Where to input your TP and SL…

You have seen some of these during the course of our training and we would see
more as time goes on.

However, as a form of a guide, I normally give my students a link to a video to

watch that explains most of these...

As you trade and grow in Forex, you would have all these at your fingertips.

However, you can all watch it during our spare time…

It's not a long clip

Just a beginners Guide…

As always, if any feature is not clear...

Just drop your question on the group or chat me up to explain further

HOW TO USE MT4

I would stop here for today.

This would bring us to the end of this Stage 1 and 2.

IF YOU HAVE ANY QUESTION OR WANT TO REHEGISTER FOR THE NEXT
STAGES OF THE TRAINING, KINDLY CLICK ON THE BUTTON BELOW TO TALK
TO ME.