Recently, we have finished our Ditto’s Complete Guide to Forex Trading, aka Trading For Dummies Guide. So here it is a summarised table of content, for you with all the topics covered in this comprehensive guide.
1.- Everything you Need to Know Before You Start Trading
On this chapter, we talk about:
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- Market price and market orders
- Ask/Bid/Last prices
- Limit Orders
- Candlesticks
- Line Charts
- OHLC Charts
- Time Frames
- Trendlines
- Support and Resistance
2.- Technical Analysis and Main Indicators Overview
On this chapter we discuss:
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- What is Technical Analysis
- Indicators and Oscillator
- Lagging Indicators:
- Moving Averages
- Bollinger Bands
- Leading Indicators
- Parabolic Stop and Reverse (PSAR)
- Average True Range (ATR)
- Oscillators
- Moving Average Convergence/Divergence (MACD)
- Relative Strength Index (RSI)
- Commodity Channel Index (CCI)
- Volume
3.- The Ultimate Guide For Novice Traders To Get Started With Leverage Trading
On this chapter, we develop a concise guide to operate using leverage while controlling the risk
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- What is Leverage
- Examples of leverage
- How much leverage is allowed
- How does leverage trading work
- What is a margin call
- Leverage trading strategies
- Scaling in and out
- buying and selling simultaneously
- Rules to succeed in Leverage trading
- What is Leverage
Using psychology to be a successful trader.
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- Psychology
- Importance of Psychology in trading
- Rules of Emotion in trading
- Finding solutions within the problems
- Trading is a psychological game
- Behavioural consistency, not technical knowledge is the key
- Trade small while you’re hurt psychologically
- Understanding and overcoming fear
- Surpassing greed in trading
- Plans and reactions
- Trader’s response
- The power of being inquisitive
- No pain No premium
- The art of overcoming perceptual rigidity
- Discipline is key
- Abide by the rules
- Maintaining Journal
- Music and moods
- Mindfulness makes it easier
- Motivation and Daily routines
5.- Risk Management I – Basic Concepts
This is the first part of the guide to managing risk. Here you will learn
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- What is Money Management
- Why is Money Management important
- Steps in the Money Management process
- Ranking the best possible trades
- Deciding on the part of the capital at risk
- Distributing the capital at risk among all trades
- Assessing the level of loss for each opportunity
- Stop-loos and trailing stop-loss
- Position size calculator
- Examples of position size calculation
6.- Risk Management II – How To Be a Holistic Trader
This is the second part of managing risk. Here we will discuss more advanced topics.
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- Controlling overall risk exposure
- Allocating risk capital
- consequences of trading unbalanced risk
- Over-trading
- under-trading
- Assessing the magnitude of loss
- The Risk to Reward Ratio
- The importance of defining risk
- The importance of estimating the reward
- Plan your exit
- Maintaining discipline
7.- Complete Strategic guide to Trend Pullbacks
This is the culmination of this guide. Once you’ve acquired all the previous knowledge, we supply you with a complete trading strategy.
We have chosen a Trend pullback strategy because it is the most adequate for a novice trader, since pullbacks, by definition, are just reactions to the main price movement. The trades on this strategy will be aligned with the primary trend, creating high probability opportunities.
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- Definition
- The working of a trend pullback
- Time frames required to trade a trend pullback
- Analysing a trend pullback
- When can we conclude that the uptrend has come to an end?
- When can we conclude that the downtrend has come to an end?
- Tools required
- Volume
- Volume + Candlesticks
- How to read Momentum (downtrend)
- How to read Momentum (uptrend)
- Momentum + Volume Analysis
- Stop-loss and take profit Placement
- Risk management
- Position size
- Risk-Reward
- When will this strategy work
- What might go wrong even is everything looks good
- Economic events
- Panic activation
