Day Trading For Beginners: THE COMPLETE BEGINNERS COURSE 2025

at the top of the hour, we could have entered right here at the bottom of this 15-minute candlestick. This allows us to have a much better risk-to-reward ratio.

Now, let's recap the key points of this strategy. Support and resistance are crucial for identifying potential entry and exit points. When price approaches a support zone, we look for buying opportunities, and when it approaches a resistance zone, we look for selling opportunities.

Remember to draw zones instead of lines, as price doesn't always hit the exact point. Also, keep in mind the concept of break and retest, where previous resistance can turn into support and vice versa.

The second strategy I want to discuss is trend trading. This strategy involves identifying the overall direction of the market and trading in that direction. If the market is making higher highs and higher lows, we look for buying opportunities. Conversely, if the market is making lower highs and lower lows, we look for selling opportunities.

To identify trends, we can use trend lines. A trend line is drawn by connecting the lows in an uptrend or the highs in a downtrend. When price approaches a trend line, it can provide a potential entry point.

The third strategy is called breakout trading. This strategy involves entering a trade when the price breaks above a resistance level or below a support level. Breakouts can lead to significant price movements, and traders often look for confirmation before entering a trade.

To summarize, the three strategies are support and resistance, trend trading, and breakout trading. Each strategy has its own unique approach, and it's essential to practice and find which one works best for you.

Now that we've covered the strategies, let's talk about risk management. This is a critical aspect of trading that can determine your success. Always set a stop loss to limit your losses, and never risk more than you can afford to lose.

Additionally, consider your position size. This means determining how much of your account you're willing to risk on a single trade. A common rule is to risk no more than 1-2% of your trading capital on any given trade.

By implementing these strategies and practicing proper risk management, you'll be well on your way to becoming a successful day trader.

Thank you for watching this video, and I hope you found it informative. Remember to take notes, practice what you've learned, and stay disciplined in your trading journey. Good luck!

Right here, which is where I originally was when we entered on the 1-hour time frame, we could have gotten an earlier entry and entered right on this candlestick. We kept the same stop loss and the same take profit of that swing low and that swing high, but we entered earlier, which then turns our 2.21 risk-to-reward ratio trade into a 4.71 risk-to-reward ratio. So, we'd actually end up making four times the amount of money that we risked versus only making two times.

So that's key. Obviously, we can go down as well to the 5-minute time frame. We could have technically entered right here. We could have gone to the 1-minute time frame if we wanted to as well and entered even earlier. But one thing to keep in mind, I know it sounds good to just keep going down on the time frames, but one thing to keep in mind, and what I always tell people, is the lower time frames lie more.

What I mean by that is that a support or resistance zone that you draw—remember, we're talking about a support and resistance strategy—a support and resistance zone drawn on the 1-minute time frame is not as strong and respectable as the support and resistance zone drawn on a 5-minute time frame. The same thing goes for a 5-minute support and resistance zone; it isn't as strong or as scary, for lack of better terms, as one drawn on the hourly time frame.

An hourly one isn't as strong or scary as one drawn on the daily time frame. So, you have to be careful when you're going to lower time frames. Yes, it can give you a better entry, which in turn gives you a better risk-to-reward ratio, but it could also be what we call a fake-out, where it isn't actually rejecting at that area because it lies more; it's more sporadic.

But that's basically what the support and resistance strategy is. What I like to do is go on the hourly time frame and draw my support or resistance zones. I'll try and find areas where price had huge rejections off of, where price was extremely scared of. I like that analogy—scared of it. It makes it easier to kind of tease to people.

But where price was scared of, once I draw those areas out, then I'll go down to the 15-minute time frame or the 5-minute time frame and wait for an entry candlestick. An entry candlestick is basically a candlestick that I'd be okay entering on because I see it's respecting that area; it's still scared of that area.

For instance, on this one, you guys remember this is the candlestick that kind of showed us that price was scared of this area after it tapped into our box here. I'd enter it, stop loss above that last high point if we're looking for buys, and I'm always going to target that last swing low area if we're looking for sells.

Now, vice versa, let's say we're looking for buys as well. Right? Let's say we have a support zone; this is a resistance zone. Let's say we have a support zone. Remember, we drew the support zone right down here. Price came here, and we had a huge wick off it, which means price was scared of it; price did not want to stay down there. So, I drew my zone here.

Now, I wanted to wait for price to come back in here for me to buy. If I just entered on the 1-hour time frame, I would have technically entered right here, right? Because the body of price was right here. So, I would have entered right here, and I'd have to put my stop loss below that swing low right here, that last low point, which is right down here, that wick.

Then I could target my last swing high, which would be up here, right? But in reality, this is only a 0.82 to 1 risk ratio. This is not a good risk ratio. So, what I could do to get a better entry—remember, we can go down to a lower time frame. If we go to the 15-minute time frame, we can see, okay, cool, price came down here, and then we ended up seeing this candlestick.

Remember, I showed you guys, and I told you guys when it's a small body but wicks on the top and the bottom—long wicks on the top and the bottom—that tells us that there's uncertainty. And when there's uncertainty at an area of interest, a support or resistance zone, there's a high chance that price is going to then turn and go the opposite way.

So, I'd probably end up buying right here. I'd probably end up hopping into the trade right here because I see what is called a doji candlestick. I see a doji candlestick. I'd enter right here, put my stop loss right below the lowest point of where price was, which is right here, and then I'd target that next swing high.

So, that next swing high could be right up here. I target it, and then let's see if this plays out. And it did! Price ended up hitting our take profit without hitting our stop loss here. This was a nice 4.3 to 1 reward ratio, and it's simple as that.

So, like I said, the first step is coming over here on the hourly time frame, looking for the support or resistance zones. You can spot them all over. The more time you put into this—like I told you guys in the beginning of the video—the more time you put into this, the faster you'll be able to understand it and be able to spot them.

I can spot them extremely fast. Like, I see this zone right here. Remember, I told you guys it's not always going to come to the same exact area, so don't look for price to come to the same exact area. That's why we draw zones or boxes. We see price came here and went up. Price came into it again right here and went up.

Price came into it again right here and went up. We could have caught two trades here: a buy right here and a buy right here. We have a resistance zone right here; it came right here and sold down. It came up over here again and sold down. We could have made money on this one, and it came again.

You see this huge wick that we had, this huge green wick? We could have sold off of here as well. So, there are opportunities after opportunities when it comes to this strategy. It's a very, very easy strategy for beginners because, like I said, all you have to do is get used to finding these support and resistance zones.

This is another resistance zone—multiple rejections here. We have another support zone right down here—multiple rejections here. This, like I told you, this strategy is extremely simple. All it takes is some practice.

Okay, so the next strategy we're going to go over is very similar to the support and resistance strategy, except instead of them being completely horizontal, they're actually slanted, and we call these trend lines.

So, we just went over support and resistance, where it looks just like this. We draw our boxes, and price goes up, down, up, down, up, down in them and respects them just like that. Now, as you see right here, we have trend lines. This is price. Price is trending to an upside; price is trending to the downside here, and it's respecting a pattern along a line.

We don't draw boxes for trend lines because we can't really make a box diagonal. We use these lines right here; we call them trend lines, and we just draw and connect the points. It's kind of like connecting the dots, honestly. If you really just think back when you were a kid and you liked connecting the dots, that's simply all trend lines are.

It's always going to be on a horizontal path just like this. So, when we see prices trending to the upside like this, we see we have a trend line here. Price, every single time it touches this trend line, ends up going up. It gets close to the trend line, goes up, touches the trend line, up, touches the trend line, up—that kind of thing.

That's all a trend line is. The same thing vice versa when price is going down: touch the trend line, goes down, touch the trend line, goes down, touch the trend line, goes down. That's simply all it is.

So, a lot of times, we can just use the same exact strategy or thought process as support and resistance, where as soon as price gets close to or around our trend line and touches our trend line, we wait for that entry candlestick, that entry rejection candlestick, similar to how we waited on the support and resistance one.

I'll show you guys examples of it right now, that way we can catch sells off of these trend lines. Now, let's show you guys a real-life example of this. So, let me actually replay this back here so you guys can see it.

So, we see right here price is going up, down, up, down, up, down, right? Up, down, up, down, up, down, up again, down. Every time it's come up here and touched this trend line, it sold down or got close to it, it sold down. And that's what we want to see.

Realistically, in order to see a trend line, we need to see at least two times it's respecting the trend line. We won't—this is not something how we do it on the support and resistance zone, where we just see one big rejection off of an area. We need to see at least two off of our trend line to make sure it's legit.

So, in this instance, for the most part, these two first touches right here just solidify our trend line. Once I saw this, I'd then be like, "Okay, let's draw that trend line. Let's connect the dots," right? So, we connected all these dots right here.

Now, all we have to do is wait for price to come back up to touch this trend line and give us a reversal candlestick. So, this technically didn't touch it; it got close, but it didn't touch it, so we won't count that. But price came right here and ended up touching it right here, touched it, and gave us an entry candlestick.

So, we could have technically entered on this entry candlestick right here, stop loss same thing, like I said before, above that last swing high, targeting either a 2:1, 3:1, or sometimes even holding it all the way down to the last swing low. We could do that if we wanted.

Now, that's a pretty good trade, a pretty decent entry right there. But the same thing when it goes to support and resistance, we can just go down to the 15-minute time frame and get a much better entry. You see right here we had our candlestick touch it right here, and then look what we have—a doji candlestick.

So, we could have entered right here on this doji candlestick, putting our stop loss the same place above that swing high, targeting—we could have gone for just a 2:1 risk-to-reward ratio. We could have targeted down here; we could have targeted right here because this is a swing low right here.

We could have targeted all the way down here, although I don't think price ended up going all the way down there. But either way, we could have made an insane amount of money just by using this trend line strategy. We just waited for at least two rejections for us to form and create and draw our trend line.

Then we wait for price to come back up to that trend line, give us our entry candlestick, our reversal candlestick right here, and be able to capitalize on that and make money on that. That would have been a beautiful trade.

Now, I believe I have another example here. Okay, so here we are with another example. This time price is going up. So, we see price came down, then it went up, came down again right here, then it consolidated for a little bit, came down, up, down on the trend line once again, and went up.

So, same thing with this instance. We could have the first two—remember, that's when we're drawing it. So, these first two we wouldn't trade. This is where we actually saw the trend line being formed. So now the third time, after we've actually formed our trend line, we'd wait for price to come back down into it, and we could hop in on this candlestick right here.

Technically, we're on the hourly time frame; we could have hopped in on this one because we had that huge wick after it touched our trend line, which just shows us that price is scared of this trend line. Stop loss below there, targeting a recent high point, which would be right here.

We could have done that, or we can just go down to a lower time frame, get a much better entry. You see, we're able to come here and get our doji candlestick, right? We have our small body with wicks on the top and the bottom. We could have entered right here, targeted that same area, and got a 4 to 1 risk-to-reward ratio.

So, if you risked $100 on this, you would have made $400. If you risked $1,000 on this, you would have made $4,000. If you risked $10,000 on this, you would have made $40,000—simply like that. Simply by waiting for the trend line to come down, create the trend line, and then wait for it to touch our trend line again, give us that entry candlestick, and hop into it.

It's literally as simple as that. I use the same parameters as far as entering into it. I always put my stop loss below that recent area before I hopped into my trade, and then I'll always target a recent high. So, a recent high could be right here or up here, but you could also just go for a 2 to 1 risk-to-reward ratio if you want, a 3 to 1 risk-to-reward ratio if you want.

It's really up to you. And after when you're backtesting this and testing this strategy out, whatever you're more comfortable with, it's completely up to you. But I do encourage you to make sure that it's at least a 2 to 1 risk-to-reward ratio. You don't really want to take anything less than that because if you lose a trade, it's going to take you multiple trades to make your money back.

And you don't want to do that. You want to be able to make—you want to be able to—even if you lose more trades than you win, you still want to be profitable, which is what will happen if you have a high risk-to-reward ratio. Because you can realistically have a 30% win rate, but with a 30% win rate, and you're always getting a 3:1 or 4:1 risk-to-reward ratio, no matter if you lose six out of ten trades, those four trades will still make you way more money than you lost.

So, that's why it's important to have a good risk-to-reward ratio and don't just go for these 1 to 1 risk-to-reward ratios. But other than that, that is what I like to call trend line reversals. That's another amazing strategy for beginners. It's super, super simple, super, super easy to be able to comprehend. It just takes a little bit of time in the markets and just practicing on the charts, looking at charts to be able to see these patterns.

Like I can see these trend lines very easily because, obviously, I've been doing this for a very, very long time. I can see this one easy. I can see we have another trend line right here, just like that. I can see we have another trend line right here. I can see we have another trend line right here.

It's the more time you spend on the charts, the faster you're going to be able to see this. We could have made money right here. Remember, we have our two bounces, which is how we draw a trend line. Then that third bounce, we could have bought it, right? Same thing right here: one bounce, two bounces.

We could have made money on it buying up here: one bounce, two bounces. We could have—we actually would have lost this trade right here, but this actually segues me into our next strategy, which is what I like to call a breakout strategy. It's probably one of my favorite strategies ever. It's great for new traders; it's great for people that like to be in and out of trades very fast.

It's great for people that, like I said, are new, and it's not much different than our support and resistance or our trend line strategy. So, let's hop into that strategy.

So, what is a breakout strategy, and how can we make money on it? If you keep in mind our support and resistance strategy, imagine this is our resistance right up here. We'll just use resistance for this example. Price comes; it's respecting our resistance—nice, nice, nice. Maybe we made some money off selling off this resistance.

But then the time comes, and price breaks above it. Price goes above our resistance zone. This is what we call a breakout. That means it's breaking out of either a support, a resistance zone, or a trend line. The reason why it's so powerful is because when it breaks out of these support or resistance zones, it breaks out of it very, very strong, very, very fast.

We can make a lot of money in a short amount of time with these things that we call breakouts. How I like to enter them is as soon as price ends up coming and breaking out of these, and we get a candlestick that closes outside of our resistance zone or our support zone, I enter into the trade.

I put my stop loss wherever I feel comfortable, and I would target a recent high. So, when we have our support or resistance zones, technically, we can make money either way. We can make money if price sells off of it; we can keep catching sells off of it. Or with our resistance zone, if price doesn't respect it, if it's not scared of it anymore, and price ends up shooting past it, we can just make money buying outside of that zone.

Now, let me show you what that looks like on a real chart. A perfect example is actually right here. So, let me replay this right now for you guys. So, this is our resistance zone right up here to the top right. We see price has just been respecting it. Maybe we caught a sell right here; maybe we caught another sell right here.

But then we see price is coming right—price is coming up here, it's coming close, and then we get a close outside of our resistance zone. That means, when I say close, I mean the body of a candlestick closes outside of our resistance zone. We're not talking about the wick; we want the body of a candlestick to close outside our resistance zone.

When that happens, I enter a trade. Most of the time, I'll put my stop loss right below that candlestick that closed outside of it. Most of the time, that's what I do. Sometimes, I'll put it below the last lower high or higher low, depending if we're looking for buys or sells. This is our most recent higher low right here.

Remember, we have—so price came down, up, down right here, came up, then it came down right here, right to this wick, and came up. So, our most recent higher low is right here. So, sometimes I put my stop loss below there, but most of the time, I'll just put it below the candlestick that I entered on, which is the candlestick that closed outside of our box.

What we can do is the same exact thing. We can target more recent swing highs or swing lows. So, I'd have to—most of the time, you're going to have to zoom out a little bit and look to the left. We see, okay, over here, price came up here, and then it sold down. So, maybe next time price comes up here, it's going to sell down again.

So, maybe when price gets up here with our breakout, we could just hop into this trade and we can see how this plays out. So, we go, we go, and it goes up, and we actually end up winning the trade.

Now, for this strategy, I don't really like to go down too low of a time frame. The lowest I'll go is on the 15-minute time frame. Most of the time, as you see, we would have gotten a similar entry on the 1-hour time frame. We entered up here, but the candlestick that closed outside of our box the first time would be this candlestick right here.

So, we technically could have moved our entry right down here, which made our risk-to-reward ratio basically a 3.1 risk-to-reward ratio versus it was originally around a 2 to 1 risk-to-reward ratio, which works out pretty nicely. But I don't really like going anything below the 5-minute or the 1-minute, especially as a beginner.

I would not suggest you going much lower than the 5-minute for this breakout strategy or really any of the strategies for the most part because, remember, the lower the time frame, the more price lies. So, all that's literally all we're doing—we're waiting for price to close outside of our zones, we're entering in it, we're putting our stop loss below the candlestick we entered on, and we can either go for, like I said, a 2 to 1 risk-to-reward ratio, a 3 to 1 risk-to-reward ratio, or we could just zoom out and see where price rejected heavily off of previously.

That's exactly what we did right here. We see price, when it got here, it sold off heavily. So, we might as well target this area right here because if price comes up here again, it potentially could end up selling off again, which it didn't end up doing that.

But we can't always know what price will do; it's just a safer bet to kind of get out at areas where price might end up turning into a resistance zone. Remember, we were just in a resistance zone; price could have turned this zone right here into a resistance zone and ended up respecting this as a resistance zone.

But as we see in this instance, price did not end up doing that. Now, this works vice versa on sells as well. If we wanted to catch breakouts to the downside, right, in this instance where we have a support zone right down here, it was respecting it, it was respecting it, and then we see this candlestick right here where the body—remember the body of the candlestick—we don't care about the wick; we want the body of the candlestick to close outside of our resistance zone.

It closed outside of it. We could have entered a sell right here, stop loss right up here, and we could have targeted really anywhere, right? We could have targeted right down here; we could have targeted these lows right here. We could have just gone for a 2 to 1. We could have gone down to the 15-minute time frame, and we would have had the same entry on this candlestick right here.

But realistically, sometimes we'll have a better—well, most times we'll have a better entry by going down to the 15-minute time frame. So, we really could have done that. It works the same exact way with buys or sells.

Now, keep in mind this is for support or resistance. We can do the same exact thing on trend lines. If you guys remember my example from the previous strategy where we were talking about trend line reversals and things like that, we have our two rejections. We need to have our two rejections to draw a trend line.

We see price came, and then it broke outside this trend line and closed outside this trend line. We could have entered right here when it closed outside of our trend line, stop loss above that candlestick, and we could have targeted the last swing low. The last swing low is right here; this is that last lower low that we had.

We could have targeted there; we could have just gone for a 2 to 1 risk-to-reward ratio. We could have gone for a 3 to 1. It's really up to you. But that's how I enter it. As soon as it closes outside of our trend lines, let's see if we get another example here.

Perfect example right here where price came, we respected it. We could have made money on these sells right down here, but then we see price came up out of it. We got a close outside of it, stop loss below our entry candlestick, targeting a recent high up here. We could have targeted up here; we could have just gone for a 2 to 1 risk-to-reward ratio.

Like I said, it's completely up to you, but that's how I enter these breakouts. As you see in all of these examples, I told you guys when price breaks out of a support or resistance zone, it breaks out of it strong; it's fast. You're going to end up being able to make a lot of money very fast because it's breaking out of these areas of constraint.

Think of it as a rubber band. The more you pull a rubber band, when you let go of it, the harder it's going to break, the faster it's going to come back and snap you in your hands or whatever it is. Same thing when it comes to trading support or resistance.

The more times it's respecting a resistance zone without breaking through it, the stronger that breakout is going to end up being. Same thing when it comes to a trend line. The more times it's respecting this trend line, when it finally breaks out of it, it's going to break far, right?

So, that's why I love breakouts so much. That's why a lot of people love breakouts so much because you're able to make a lot of money very fast. And that's how I enter them. All I do is wait for them to close outside of those areas. I put my stop loss below those areas, below my entry candlestick, and I'd either target a recent swing high or swing low or lower low or lower high, depending if I'm looking for buys or sells.

Or I would just hold it for a 2 to 1 risk-to-reward ratio or a 3 to 1 risk-to-reward ratio, depending on however I feel comfortable with. So, that is my top three strategies that I suggest for all of you guys to start practicing, start working on, start getting comfortable seeing these support, these resistance, these trend lines, these breakouts.

Because if you could just master those—if you could just take one of those and master one of those, I promise you, you'll make a ridiculous amount of money. Simply, all I do is breakouts and support or resistance. That's literally all I do.

And that's how I'm able to make—you guys have seen me on social media. If you guys have not seen me on social media, I post live trades all the time where I'm easily making $8,000, $9,000, $10,000, $20,000, $30,000, $60,000 from simple trades within a couple of minutes. And all I'm doing are these support and resistance zones and these breakouts.

I'm not doing anything crazy. When you see all these traders making money, they're not doing anything crazy. Their base is always built in support and resistance and breakouts. That's what it's all built in. So, if you can master this, I promise you, you will absolutely kill it.

Now, obviously, there are other strategies that could be implemented in it to make it a little bit better, make it more profitable, make it faster, make it have a higher win rate or have a higher risk-to-reward ratio. But the base and foundation is always going to be in support and resistance, trend lines, and breakouts.

So, you need to master these. So, you guys understand sessions; you guys understand a lot of these different things, strategies, all this stuff—support and resistance, trend lines. But how the heck do you test it? This is a very important part because you need to put in the work.

I told you guys in the beginning of this video, the amount of time you put into this and the amount of discipline that you have over yourself determines how fast you'll be able to start making money inside of this career or this space.

So, the important thing that you need to do is backtest. As a new trader, you need to get used to seeing the charts. You need to get used to spotting support and resistance, spotting trend lines, spotting breakouts. So, how do we do that effectively without cheating?

So, we hop over here onto TradingView. You guys saw me use this tool before. I told you guys about this replay feature on TradingView. Keep in mind, I believe you need the paid version of TradingView to actually use this. I'm not sure exactly how much it is; you guys can see. But I'm pretty sure they have free trials, things like that.

So, use up that free trial—probably like a week. Be on here, freaking 5, 6, 7 hours a day backtesting. Once you have the replay feature, whether you're on the free trial or you paid for it, this allows you to actually just go back in time for the most part and be able to hide the price action.

Because a lot of times, we'll be—let's say we don't have this on, and we're just practicing. We'll be like, "Okay, this is a support zone. Nice. I would have bought right here and made money going up." But everything's clearer in hindsight. I think that's the terminology; I'm not sure.

But everything's clear in hindsight when we can see everything that was going to happen. It's a lot easier for us to be like, "Oh, we got this." But the cool thing about the replay feature is we can just replay to a random place. We don't even have to look where we're going. A lot of times, I'll just close my eyes and scroll for the most part and then just land myself at a random place and then just practice trading at that point.

So, we'll see, okay, cool, we have a resistance zone right here. Technically, we also have a trend line going on right here. Now, let's see if price will come back down. We use these buttons right down here. So, if we click this, it'll just move forward one candlestick. If we press this play button, it'll actually just kind of play and start moving by itself.

But okay, now we see price came down into our zone again right here. Let me actually go back in time so you guys can see exactly what I'd be thinking. So, we see price came down into this support zone right down here. Now we know we just have to wait for an entry candlestick.

We all know what an entry candlestick looks like because I went over it. So, this next candlestick—a nice big body candlestick with small wicks—that's a nice entry candlestick. We could have entered right here, put our stop loss right below that candlestick because that's that last swing low after our entry, and we could have targeted this recent high right here.

Or we could have gone for a 2 to 1 or whatever you'd want to do. And you just practice like that. Then you'd be able to fast forward and see, okay, this trade started to work out. It actually got to this last swing high right here, and then it ended up reversing.

Then it tapped into the zone again. It didn't necessarily give us a nice entry candlestick, though, but you see it ended up going up. So, technically, we could have taken—not this candlestick entry, but we could have taken this candlestick entry right here.

You're just going to continue doing this day after day after day. You're going to keep going back in time, close your eyes, doing whatever it is, looking at the chart. "Okay, what am I seeing?" As soon as I do this, I see a trend line right here. I see another trend line right here, right? I see a resistance zone right up here, right?

And doing this over repetition, realistically, you can do, like, I'd say, 50 trades an hour doing this—50 trades, 60 trades, 70 trades an hour—doing this. And it just helps you get your reps up. It helps you get much better at seeing resistance zones, seeing trend lines. You can see how price reacts at these specific things.

So, we see, okay, price came down here, touched this trend line, and ended up breaking through it to the downside. But we see we have this candlestick where it looks like price is scared to go down more, so it's probably going to end up going up more.

Then we're able to see it went up, and now it looks like it's coming to this trend line again. We didn't get an entry candlestick for sells off this trend line. We got a long wick on the bottom as well, which means it's scared right now. It's just having small candlesticks again, which I told you guys before.

Small candlesticks mean there's indecision. The next candlestick is small again, and the next one should be a pretty big candlestick. Oh, well, still small volume here. Yeah, so either way, you get to just practice it. You get to test and get good at finding these trend lines, finding these support and resistance zones, and drawing them out.

That's simply all you do. An important part of backtesting is you want to track it, right? So, if you're—let's say you're backtesting the support and resistance zone. Every single time you take a trade, right? Let's say you take a trade right here, then it's coming up here, and you buy off of here, right? You buy right here; you had your stop loss right here, take profit up here.

If you won this trade, write down either on a notepad, a spreadsheet—there are trading journals and things like that. I have a couple that I recommend, and I'll tell you guys that a little bit later on inside this video when I get into the platforms and everything like that.

But you can just write this down really on a piece of paper if you want to or a spreadsheet. Just write down, "Okay, I won one trade. I won a support and resistance trade. I believe I won it because it had two rejections at my support zone, and I had my entry candlestick criteria, and then I targeted the recent high."

Just write that you won the trade, what strategy you were using, when you won the trade, and why you think you won or lost the trade. Vice versa, if you lose it, "I think I lost the trade because this, this, and this. I lost it because it didn't close outside my trend line, or it didn't give me a good entry candlestick criteria."

Write the trade that you took, the strategy that you took, whether you won or lost it, and why you think you won or lost it. Because you need to keep these in your mind. Because after a while, when you trade 100 trades, you're going to look back and see patterns like, "Okay, every time I lose, it's because this, this, and this."

So, let me not do that, that, and that. That way, I won't lose. Every time I win, it's because this, this, and this happens. So, every time I see this, this, and this, I'm probably going to end up winning the trade. It just helps your confidence.

So, not just backtesting, but also journaling your backtesting is extremely important. So, make sure you're putting in that work. You're putting in those hours of backtesting. Like I said, just close your eyes, hit that replay button, go to a random point.

And a cool thing—another thing that I like to put on as well, like I told you guys before, is putting on those kill zones. That kill zone indicator, because realistically, you're not going to be trading at 3:00 in the morning. You're going to be trading New York session. Most people are going to be trading New York session.

If you trade London session, then there's that. But if you're trading New York session, you should be trading only during that—after that red line comes on. So, you shouldn't be trading during none of this other time right here because that's not what you would trade in real life.

You want to see how the market is in real life and how you would actually be trading it. So, you'd go to the red line, wherever the red line is. Once the red line comes, then you'd sit there, "Okay, I see a little resistance zone right here. I see a little trend line right here."

Honestly, but it's already kind of broken that trend line. You would mark it up just like that. You wouldn't be trading it randomly. So, that's a cool little thing to put on. That's why I like the kill zones because you're able to see what time of day it is a lot faster, especially when you're backtesting, which is extremely important.

So, backtest, backtest, backtest. Journal your backtest—the reason why you won or lost each trade, why you believe you won or lost each trade, what strategy you were using—all that stuff. That's how you backtest.

Backtesting, like I said, is extremely important. If you are complaining about not being profitable or not understanding the charts or not being able to see support and resistance, but you're not backtesting, you're doing yourself a very huge disservice.

And we already know—I already know why you're not succeeding in it because you're not putting in the work to backtest. I tell people if you can realistically just take 30 minutes a day to backtest, you'll be able to learn this skill a lot faster than someone who's not backtesting.

Obviously, if you can put in more time—put in an hour, two hours every single day—you'll get there a lot faster. But please, please, please just put in work backtesting. I promise your future self will thank you.

Now, I want to share with you guys one of my most valuable secrets—something that not a lot of people know about that makes trading way easier. I'm not going to lie; ever since I found this out and figured this out, it's helped me to be a lot less stressed when trading, be able to see the charts a lot clearer.

Especially as beginners, I know the people that I've personally helped—it's drastically helped them out in the beginning of their journey. It helped me make more money by being confident holding my trades longer. It's just so many benefits to this, and it's a simple, simple tweak on TradingView.

So, let's hop into it. So, we went over candlesticks, right? Candlesticks—we went over what the bodies mean, the wicks mean. These are regular candlesticks. This is what most traders use. Most people like using regular candlesticks, and they're only taught regular candlesticks.

But I personally like these other things called Heikin Ashi candlesticks. Now, if you come over here in the top and hit the drop-down by the bar style and press Heikin Ashi, you'll see the candlesticks change. You see these candlesticks versus regular candlesticks?

These candlesticks versus regular candlesticks—you can probably see the difference here. Regular candlesticks are very choppy. You see it's the same price action that you're going to see on Heikin Ashi candles, but it's going to look a lot smoother and cleaner.

So, if you look at this, we see there's green, red, green, red, green, red, green, red—a bunch of different colors. It just looks super, super confusing and choppy. If we go to Heikin Ashi candles, we see it's a bunch of green, pulls down a little bit for red, a bunch of green, pulls down for red.

Up here, it makes the charts way smoother, way easier to see, which makes it easier to find trend lines, to find support zones, to find resistance zones. Oh, that was a horrible drawing. To find resistance zones, to find trend lines.

It just makes it way easier to spot all these things with Heikin Ashi candlesticks versus on regular candlesticks. It can look a lot more cluttered, a lot more choppy, which, as a new trader, can be extremely confusing.

Now, there are a couple differences when it comes to Heikin Ashi candlesticks, and I'm going to point them out for you because it can actually be really great when it comes to specific strategies. There are certain strategies that I actually use that I only use Heikin Ashi candlesticks on.

So, let me break down exactly what these candlesticks mean in each and every one of these candlesticks because they're different. The wicks mean the same thing as regular candlestick wicks. It just means where price has been throughout the entire candle, throughout what we're on—the 15-minute time frame.

So, this is where price has been throughout the entirety of the 15 minutes. Same thing if I go to the 5-minute or the 1-hour; it works the same as that as far as the wicks. Now, the body is completely different, and where price starts is completely different.

So, the body of the candlestick always starts in the middle of the candlestick before it. It doesn't start where price actually is. I don't want you guys to look at the bodies on regular candlesticks and think that's where price closed at. Price did not close here; price did not close here or here.

The body of where the candlestick is is the average of where price was throughout the entire candlestick. So, for example, on this candlestick right here, it started in the—it always starts in the middle of the previous candlestick.

So, this candlestick, you see the body started in the middle of the candlestick before it. The body started in the middle of the candlestick before it. The body of this one started in the middle of the candlestick before it.

There's that. So, that's not where price opened at, right? This is just where the Heikin Ashi candlestick started. But the body of where it closed at right here, when the price ended—let's say this is the 8:30 candlestick right here; this is the 8:45 candlestick.

When the 8:30 candlestick ended, the average of where price was throughout this entire 15-minute period is right here. So, price could have been all the way down here; price could have been up here, down here, up here, up here, down here.

But the average of where price was throughout the entire time was right here. This is not where price closed at. I have to keep saying it so you guys understand it. This is not where price closed at on Heikin Ashi candlesticks.

This is the average of where price was throughout this entire candlestick. Same thing in this example: the average of where price was throughout this entire candlestick was right here on the body of this candlestick right here.

Price could have been up here; price could have been down here. Price could have even closed right here; the price could have closed right here. But still, the average of where price was throughout this entire 15-minute candlestick was up here, and that's exactly what each candlestick means.

Same thing with the bullish candlesticks. The body to the upside is where the average of price was on bullish candlesticks. On bearish candlesticks, which means price is going down, the average of where price was is on the bottom of the candlestick right here.

So, that's where the average of price was. This candlestick—this is the 8:30 candlestick. If we go to regular candles right here and look at that same candlestick, we see this same candlestick actually ended up closing down here.

But the average of where price was was up here throughout the entire candlestick. So, that kind of tells me that price was chilling around here most of the time. Then at the end of the candlestick, price just shot all the way down here, and it ended up closing down here.

So, it's very great for being on Heikin Ashi candlesticks and being able to see the market a lot clearer. You're able to see resistance, support zones, trend lines a lot easier because there's not as much noise. There's not as much up or down colors or red and green colors as it would be on regular candlesticks.

But you have to be aware of the difference between Heikin Ashi candlesticks and regular candlesticks by understanding that the body of the candlestick does not tell you where price opened at or where price closed at. It's the average of where price was throughout this entire candlestick.

And like I said, that's extremely powerful. The reason that's extremely powerful, especially for any type of breakout strategy, is there are things called fake-outs, which I told you guys about before.

Where, let's say we have our resistance zone right here, right? Price comes here, and then it breaks out, right? It breaks out. And remember, we enter when it closes. Let's say it closed right here. In our minds, we're like, "Okay, let's enter into that trade."

But we didn't know, majority of the time, it was right down here. Then at the last two seconds before the candlestick closed, at the end of that candlestick, it just shot up here. So now it looks like it closed outside of here, and then price will end up just coming right back down because it barely lasted above here.

It didn't show us that it would stay up there. But with Heikin Ashi candlesticks, if we wait for the body of the average—if we wait for the body of the candlestick to close outside of our resistance or support zone, that means the average of where price was was outside of our resistance zone, which just amplifies our win percentage when it comes to taking a breakout.

We won't get faked out—not nearly as much—because instead of us hopping in because it just wicked above here and was just above here for a couple seconds before it closed, we know the average of where price was was above this resistance zone.

So, we can feel confident taking a breakout to the upside. It's extremely great for breakouts. I suggest you guys check it out and practice backtesting with Heikin Ashi candlesticks as well and getting used to them.

I do suggest, though, that you guys master candlesticks first—get used to regular candlesticks before trying to switch over to Heikin Ashi. But once you're comfortable with regular candlesticks and completely understand them, then maybe try adding some Heikin Ashi and looking at the Heikin Ashi candlesticks just to be able to see it and be able to understand it.

What you can do as well in the beginning, what I have a lot of people doing, is they'll mark up their charts on Heikin Ashi candlesticks. Then when they're looking for their entries or they're actually trading, they'll just go back to regular candlesticks.

That's simply because Heikin Ashi candlesticks make it way easier to be able to see the charts, to be able to understand the charts, and see trend lines, support, and resistance zones—things like that. So, I'd suggest you guys check out Heikin Ashi candlesticks, get used to them.

There's a little workaround because on TradingView, it doesn't actually let you do the bar replay, the backtesting feature that we talked about with Heikin Ashi candlesticks. You can only do it on regular candlesticks.

But there's a workaround on how to get around that. Simply, all you do is come over here on regular candlesticks, and there's an indicator called—type in Heikin Ashi candle overlay. It's by this person named Bjor Gum. Press it, and you'll see it'll go over your candlesticks right here.

But you see regular candlesticks and Heikin Ashi candlesticks. That's why it looks kind of crazy right now with all the colors. If you right-click on your chart and go to settings, you can turn off the appearance of the regular candlesticks by unchecking the body, the borders, and the wick, pressing okay.

Then once you do that, all you see is that indicator. You see the Heikin Ashi candlestick overlay on top of regular candlesticks, but to TradingView, we're still on regular candlesticks. So, we can backtest; we can use that replay function without doing that whole thing.

If we go on Heikin Ashi candlesticks and try and press replay, we get this error that says, "Bar replay isn't available for this chart type." So, that's a little workaround for you guys if you want to backtest using Heikin Ashi.

But I definitely suggest you guys master regular candlesticks first and then try dabbling in Heikin Ashi because, like I said, Heikin Ashi candlesticks have literally changed my trading game.

So, we're about to dive into this website, and I'm also going to give you a couple more tips for you guys to kind of be aware of when it comes to fundamental analysis. So, let's hop into this website.

The website that I like to come on to see all the news—remember, fundamental analysis is mainly just about news events and things that directly affect each stock, like earnings and things like that. I come over here on forexfactory.com. It basically plans out and shows you every single news event that's going on for the day.

It tells you what time it's happening, tells you what currency it will affect the most, and tells you how impactful it will be—yellow being the least impactful, red being the most impactful, and orange being the medium impactfulness.

So, I come on here every single morning. I see exactly what news is coming on for the day, and realistically, I don't pay attention to anything except for USD, right? The currency has to be USD because USD is really what affects most of the pairs that we go over.

Now, if you're trading like EUR/USD or GBP/JPY, pay attention to the Euros, pay attention to whatever JPY if there are any. But for the most part, USD will affect every single market there is—every pair. If you're trading Forex, futures, crypto, stocks, options, anything, USD will affect it.

Realistically, the only ones that's going to affect it impactfully is going to be the ones that are red—the high-impact expected news. So, anytime I see that, I really just like—don't like to trade around that time. I'll give it like a 15-minute buffer.

I won't trade 15 minutes before the news comes out or 15 minutes after it because price can end up doing a lot of craziness. Like, I could be in a trade, and it'll just instantly take me out or something like that. It's just not worth playing with, and we don't want to gamble with our money.

So, I come to this website, make sure there's no news around the time when I'm trying to trade, or if I'm hopping into a trade, I don't want to be in news, giving that 15-minute buffer.

Also, what you can do and what I'll do is I'll go over here on Google, and I'll just type in what stock earnings are happening this week. I'll type it in. You can come to actually the NASDAQ website, and it'll tell you all the stock earnings that are happening.

Because if you're trading like NAS 100 or NQ or ES S&P 500 or YM, which is US30, these are all basically just huge—they're just a bunch of stocks put together. So, let's say Tesla is having their earnings. Realistically, if Tesla's earnings come out, it can heavily affect the price action of NQ, ES, and YM.

So, you want to be aware of the news events or the earnings events that are coming out about high-profile stocks. High-profile stocks are like Apple, Nvidia, Amazon, Google, Tesla—things like that.

But I just like to come on here just to make sure no huge earnings are coming out at that time or on that day. Now, let's go over what platforms you are going to need to use. We went over TradingView, which is a staple platform or website that you're going to need to be extremely familiar with.

But now, let's go over the other platforms where we actually enter these trades in, where we put money into it, where we're actually able to buy and sell and actually enter into trades. So, let's go over those right now, whether you want to trade Forex or futures.

Okay, so personally, I like trading futures on this platform called Trade of Eight. Keep in mind, when it comes to trading, you're going to need something called the platform and the broker, right? So, a lot of these platforms, especially when it comes to futures, will be the platform and the broker in itself.

When it comes to Forex, you'll need a separate platform and a separate broker, but I'll get into that a little bit later on. I personally like Trade of Eight. This is the one that I use all the time when I'm day trading. This platform is extremely simple to use; it's not too complicated.

There are other things that people can use, like Ninja Trader, TD Ameritrade, and there are a bunch of different other platforms that you could check out. Iron Beam as well, if you're not inside the US. Check out Interactive Brokers; that's a good one if you want to get into futures trading but you're not in the US.

But personally, I love Trade of Eight. It's super, super simple to use and easy to use. I'll get into showing you guys exactly how to use this platform, but I just want to make you guys available or I just want to make you guys informed about this platform. This is what I personally like using; it's literally just called Trade of Eight.

Now, this is if I'm trading futures. If I'm trading Forex and want to trade Forex, I use a platform called Trade Locker.com. It's very, very similar to TradingView but allows you to actually trade through it.

So, the charts are going to look very similar. We'll dive into TradingView in the back end of it so you guys can actually see it. But it allows you to actually trade through it. You'll press your buys and your sells; you'll be able to actually enter into positions.

But since this is a Forex platform, you're going to need a broker to connect to it. I'll leave the broker that I personally suggest in the description down below. You'll use that one because a lot of these ones can be scammy. A lot of them can actually run off with your money or have horrible spreads.

Basically, what spread means is if you press buy and price is right here, if the spread is too high, you can press buy when price is here, and it'll get you in all the way up here. So, just mess up your trade entirely. That's why it's important to have the correct and a good broker that you can connect to this platform.

I've been using literally the same Forex broker since I started off trading, and that was, what, over 7 years ago now? So, I'll leave a link for them inside the description down below so you guys can use them and check them out and use it for Trade Locker because they work absolutely amazing with Trade Locker—super good spreads.

But this is the platform you're going to need to get familiar with. Now, let's hop into how to actually use these platforms.

Okay, so starting off on Trade of Eight, once you sign up and create an account, keep in mind you have to go in there and actually get approved for an account. All you have to do is really put in your information, and they'll approve you within most of the time 24 hours.

Once you do that, you'll be able to log in with your credentials, and it'll take you to a screen that looks similar to this. You'll probably only have live trading and simulation here. You probably won't have market replay, but basically, all this is is if you want to actually start live trading, come over here, you just press click trading, and you'll see simulation here, which is basically think of it as a demo account—a fake account.

This is where I suggest every new trader to be on in the beginning of their trading. I suggest people to be on a simulation account or a demo account for at least one month before you go on the live markets. And that's because you want to get used to trading. You want to get comfortable with trading, understanding how to use the platform, understanding risk-reward ratio, support or resistance—just getting used to trading overall.

And you don't want to be getting used to trading using real money; you want to be using the simulation. Now, there's also something right here called market replay, which you can use to backtest. But I showed you guys how to do the backtesting on TradingView. I personally like the backtesting on TradingView a lot more than on Trade of Eight, so you don't have to worry about market replay as of right now.

So, if we click on simulation here, you'll see your chart will pop up over here in the top left corner. You'll have whatever pair you want to look at or currency you want to look at. If you press the new tab button, you can add—let's say I want to trade gold, so I type in GC.

Now, I'll leave information down in the description down below so you understand what these monthly codes are, where you see U, V, X, Z, G. Basically, all future contracts expire after around three or four months or sometimes every month, and each month has a different monthly code.

But I'll leave that inside the description down below as well—a link so you can see which one is for each month. But most of the time, when you type in the ticker that you want to trade—in this example, GC—the first one that pops up is the one that we're going to be trading.

Then on Trade of Eight, it'll tell you, "Okay, when this contract is expiring, it'll tell you, 'Okay, it's time to switch contracts.'" And then it'll switch you to the NGV1, then the NGX, then the NGZ. But you'll just be able to click on here, press select, and it'll add it to your charts.

Here, you see I have a couple charts up here. The red ones are just because the contract has expired. You'll see there's like nothing here for the most part. But if you come to the one we just added on, which is GC, you're able to see a bunch of things over here.

Now, keep in mind this charting—I don't really use the charting on here too much. I more so mark up my charts on TradingView, then just come over here to actually just press buy or sell, right? But there is a way for you to mark up your charts here, the same thing as we see on TradingView.

The time period—we can change our time frame: 1 minute, 5 minute, 15 minute, 1 hour, 1 day—excuse me, that kind of stuff. We can also change what type of candles. Right now, I have it on Heikin Ashi candles. You can go to regular candlesticks.

You can go—the chart looks super, super messed up right here for some reason. But you can go on Heikin Ashi candlesticks; you can go on really anything that you want—any type of chart that you want. You can do line charts.

Then you can come over here and just go in your chart settings and change a bunch of things in your chart settings. Go to your chart element settings. This basically is like if you add an indicator on here because you can add indicators on here as well.

As you see, I have the VWAP on there—that's that white line right there. You can add other indicators. There's a bunch that you can add. You just come in here and just find whichever one you want to use. You can create a template. Template basically just means if you want your candles to look a specific color.

Keep in mind, when you first open up Trade of Eight, it's going to be green and red, just like it would be on TradingView. That's just the default colors. I've changed mine to red and white; that's just personal preference.

Now, if you come over here to look to the left, we can actually see a data box, which basically just shows you the—basically what's going on, where your cursor is at, the highs, the lows, things like that. I don't really pay too much attention to that for the most part.

You also have your drawing tools here. You can have your same line that you were having on TradingView. You can put your rectangles as well, draw it on there just like you did it on TradingView. But keep in mind, I don't really mark up my charts on here for the most part.

It just is an option if you want it. Now, if you look over here, you see we have actual options to go into trades. So, you have your buy market, sell market, buy bid, sell ask. I don't pay attention to buy bid or sell ask. I only use buy market and sell market and limit orders and things like that, and I'll explain what those are.

So, buy at market basically means we're buying wherever price is at right now. So, we see price right here. Let's go to regular candlesticks. We see price right here is right here on YM. If I wanted to hop into a sell right here, I can just press sell market.

This number right here basically just tells you how many contracts you want to buy. Like I said in the description, I'll leave links for you to see how much each contract is worth and how much each tick is worth for each contract so you can calculate your risk accordingly.

But right here, let's say I wanted to open up one contract, and I wanted to sell one contract. This says one. I press sell market, and as you see, now I'm in a trade. You can see my account here, my equity, which is basically how much money I have inside my account.

Then you see my open P&L, which is the profit and loss. This is the amount that I'm up or down currently. So, right now, I'm up—I'm negative $15. When you see the number in parentheses, that means you're negative that much. When you don't see it in parentheses, that means we're positive that much.

So, technically, I'm up $15 right now, down $5. So, you're able to see it just like that. And when you want to close out your position, all you do is press exit at market and close. So, you see I did that. Now you see our open P&L is not there anymore.

We see our equity has gone up because we made $10 on that trade minus the fees that it took out. And that's basically exactly how you trade it. It's not much complicated things kind of going on on this chart for the most part or on this platform.

It's really just buying and selling. Now, there are things called ATM, right? So, remember how I talked to you guys about when we're drawing out our stop losses and planning out our trade—our stop loss and our take profits?

On here is where you would actually place those stop losses and take profits. So, for instance, let's say we have a line right here. Let's say that's our take profit level, and let's say this is our stop loss level. Right? This ATM basically just—they're called bracket orders.

But bracket orders, simply put, is just stop losses, right? So, what you would do is hit this gear icon to the left of it, turn it on, and basically what you can do is just come on here, keep this in text, type TP and stop loss, and your take profit.

You can change this to—depending on if you always go for a certain amount of ticks, as in that's the amount that price is moving up or down. I can say, "Okay, after 20 ticks, I'll close it," or "After 20 ticks, I'll close it."

20—I’ll have a 20-tick profit, 20-tick take profit, sorry, and a 20-tick stop loss, right? And I can actually save this as any type of order I want to save it as, or I can just put it in as of right now. So, we'll press save right here, and now you see ATM doesn't say off anymore.

Now it has these little dot-dot-dots or whatever. So now, when you see I enter into a trade—so let's go and sell market. Now you see these other green lines. So, since I'm going for a sell, the one that's on top would be my stop loss.

That means wherever—whenever price touches this green line, it will automatically take me out of the trade, and it will stop me from losing too much money. Same thing with the green one on the bottom. Since we're going for sells, the green one on the bottom is our take profit, which is what we're targeting.

We can actually—once we put it on our chart, we can drag it up or down wherever we want to drag it. So, if we wanted to adjust it to match our lines, you see price touched my green line and took me out. So, it took me out of the trade, which is good; it protected me from losing too much money.

But I want to show you guys this example more. I can drag my stop loss and take profit. So, technically, you don't need to put the number when you're setting up your bracket order or your take profit number. You don't need to put the actual number.

You can just get it on your chart. Once you get it on your chart, then you can line up the numbers with your drawing that you have on TradingView. So, remember, we have our long position drawing and our short position drawing.

If we know our stop loss on that drawing is at 14, is at 42725, we can just drag our line there, and we know our take profit on that long or short position is at 42660. We can just drag our line there. We don't have to necessarily put it in when we're setting it up.

We just want to get it on the screen at that point. So, that's basically exactly how you use it. Now, there are other things that you can do. So, I talked to you guys about buying market and selling market. Let's exit at market and close.

So, there are these things called sell limits and buy limits and buy stops and sell stops. Basically, what that means is, okay, let's say when price comes up here, I want to just get into the trade. I want to just get into the trade if price touches right here, right?

I can actually just click on my screen here and press sell one limit. What that'll do is, as soon as price touches this red line right here, it'll enter me into a sell, which means I don't have to sit here and look at my charts. I know I want to enter a sell as soon as price gets to this area because I've done the technical analysis, and I know price is probably going to reverse at this area.

That allows you to be able to enter trades without actually sitting there to press sell market or buy market, whichever way you want to go. And as you see, since I have my bracket orders turned on, it automatically will put in my stop loss and take profits as well.

And we can drag that. So, that way, when our trade gets triggered in, we'll have our take profits and stop loss triggered in at the same exact time, which is absolutely amazing. So, like I said, you can order—you can go in market orders, or you can go in these sell limits or these buy limits by just right-clicking on your screen and pressing buy one limit or sell one limit, whatever you're trying to do at that moment.

I'll close out all of those trades, though. But that's basically exactly how you use Trade of Eight. You don't really need anything else for this platform. Like I said, all you're doing is entering in and out of trades. But that's if you're trading futures.

Now, let's go in Trade Locker to show you guys how you would actually trade Forex on that platform.

Okay, so here we are on Trade Locker. You can actually just go to the website. They do have an app, but the website works just fine. If you just go to live.tradelocker.com or when you sign up for the broker that I recommended for you guys, like I said, I'll leave a link for it inside the description down below so you can get signed up with it to connect it to Trade Locker because you need to do that.

They'll give you a link to just press, and they'll give you your login instructions. They'll give you your login email as well as the password to log in to connect it into Trade Locker. But once you connect your broker to Trade Locker, this is the screen that you're going to see.

Same, like I said, it looks exactly like TradingView. We have the same tools here. We can hit the drop-down, and we can star whichever ones we want to star. We want to add it to our favorites list. It's the exact same thing as TradingView.

But the only difference is that you can actually trade on the side over here. So, down here, you'll see we have our balance; we'll have the current profit and loss if we're in anything, equity, which is basically the same as balance, margin used, margin available, and margin level.

You don't have to worry too much about that as of right now. I'm just kind of getting you guys into being able to trade. In the bottom left corner right here, if you click that, that'll show your accounts. I don't want to open up my accounts because then it'll show my account numbers, and it'll show you all the money I have in it, and I don't want y'all to try and do something funny, you know what I'm saying?

But you'll click that; it'll show you your accounts. But over here is where you can find what you want to trade. So, let's say I want to trade GBP/JPY, right? So, I type in GBP/JPY. It'll give you a couple options. I like most of the time just going for the pro ones.

So, if you click that, the chart will change, and now it's on that chart—the GBP/JPY pro. Now, this right here is how you enter into trades. So, when it comes to futures, the size of your position is determined by contract size. When it comes to Forex, the size of your position is determined by lot size.

That's why you see right here lots. You're able to put in, "Okay, I want to buy one lot of this." You want to buy five lots of this? You want to buy ten lots of this or whatever? Right now, I'll leave a lot size calculator inside the description of this video as well so that you can learn how to calculate it because it's going to be different for every single pair that you kind of bring up.

But the cool thing about Trade Locker and the broker that I have that connects to Trade Locker is if you hit this little up button right here, it'll actually do the calculations for you. So, let's say you put in your long or short position. Let's say you wanted to sell right here, right?

And you put your stop loss up here or wherever you want to put it, and let's say you want to put your take profit down here. You can see, "Okay, your stop loss is at 1.19759 or whatever," right? Put our stop loss in; we can just drag our stop loss right there.

We can put—press—we can click on take profit and drag our take profit where we want to have our take profit at. And then if we click on this risk thing right here, we don't even have to calculate the lot size. We'll check in risk, and we'll just put how much money we want to risk on the trade.

So, if you go under stop loss and next to P&L, let's say you want to risk $100 on the trade. It'll tell you exactly how many lots you need to actually open up to risk that amount with your given stop loss that you have, which makes trading so much simpler.

You don't have to go to the lot size calculator and any of that. You'll just put in your stop losses and your take profit numbers, and then you'll make sure you click that risk. And then you'll be able to hop into the trade once you change however much money you want to risk.

So, let's say I want to risk $500. You see it changed it to 4.02 lots. Let's say I want to risk $300. It changed it to 3.41 lots, which is super, super, super convenient because you don't have to do the math yourself, which is super, super dope.

And that's why I love Trade Locker, tagged along with the broker that I personally like using. So, that's really all the platform is. It's nothing crazy as far as the charting. It's the same as TradingView. The only difference is you have this trading side of it, and you can actually play around with this.

You can do market orders. Remember, market orders is entering exactly where price is at. We can put pending orders, which is the same as what we were talking about with those limit orders. Once you press on pending, you see this pops up.

We can actually just drag this. Let's say when price gets right here, we want to hop into a sell. So, we'll make sure we're on sell. We can hit the same thing of putting stop loss and take profit.

I don't know where I put my stop loss here. Here it goes. Let's just put 20 right here. So, yeah, we can drag this wherever we want to drag it. So, that way, when price touches right here, it'll automatically get us in the trade.

It'll automatically put our stop loss right here; it'll automatically put our take profit right here. We can click on this risk amount, and let's say we want to risk $20. We can do that. So, we'll risk—we'll end up risking $20 on this trade.

It'll tell us how many lots we need to do to do that, and then we can press sell stop. I don't think I have any money inside this account right here. Yeah, I don't have any money. I think 53 cents inside of this account right here that I'm showing you guys.

So, it's not going to actually let me open up a trade. But that's exactly how you would do it. You'd be able to set your pending order, which is the same as a limit order for the most part, and then you would get into the trade and be able to trade.

You'd be able to see your P&L right down here as it's going. You'd be able to see all your trades over here, and it's simple as that. That's how you actually enter in and out of trades on Trade of Eight and on Trade Locker.

Alright, you guys, so if you are going to trade futures, you do need to be aware of one thing, though. You will need to purchase what we call a market data subscription. That basically allows you to be able to see the charts in real time.

If you don't do that, when you open up an NQ chart, whether on TradingView or on Trade of Eight, it will say delayed over here, and you'll actually be 15 minutes behind. So, my chart is up to date, as you see. I have a timer ticking down, and my chart is up to date.

It's 12:20 as of right now when I'm recording this. But if I didn't have the market data subscription, I would only be seeing the candlestick at 2:05, right? Which is not good. We obviously cannot trade like that. We need to see the up-to-date price action.

So, I'm going to show you guys how to get the market data subscription. Keep in mind, you have to do this on both TradingView and on Trade of Eight. So, I'm going to show you how to do it for both of them. It's very, very simple.

So, on TradingView, you'll come up here to the top left corner. You'll hover over your name, go to account and billing. Once you do that, you're going to want to come over here to settings. Under

Keeping our money and not giving it back, we want to avoid taking a crazy amount of trades. We also want to have proper risk management. I kind of told you guys about this before—about always having at least a 2 to 1 risk-reward ratio.

Now, yes, you can be profitable with a 1 to 1 risk-reward ratio or less, but it can be a lot harder as a new trader. That's why I think it's safe to start with a 2 to 1 risk-reward ratio.

Having proper risk management means we're not moving our stop-loss when we have a set stop-loss right here. Knowing that if price gets here, we're just going to close the trade out at a loss, knowing that we're risking, let's say, $100. If price hits my mic, but $100, if price gets right here, we are okay with that.

But if price starts getting close to our stop-loss and you end up moving your stop-loss down, you're causing yourself to lose more money and more money. As you see, it keeps going down. Now, instead of losing $100, you ended up losing $600, and now you're like, "Trading sucks. There's no way that this works."

It's all because you didn't have proper risk management. Never move your stop-loss when you're setting up your trade. That's how your trade should be. That's how your stop-loss should be. That's how your take profit should be, especially in the beginning.

Another thing you have to be extremely careful about is not switching from strategy to strategy to strategy. You'll have a great week trading a strategy, then maybe you'll lose two days in a row, and you're like, "Oh, my strategy sucks. Let me find a new strategy." Please don't do that.

That was one of the biggest mistakes I made as a new trader, and I see a lot of new traders making it. They're switching from strategy to strategy to strategy just because they had a bad week or just because they had a bad month.

You have to realize, like we talked about before, the market works in cycles, and there are different types of markets. We have our trending, consolidating, ranging, things like that, breaking out markets. Sometimes one month isn't going to be as profitable as the month before. That's just what happens.

You need to learn to optimize your strategy in different market conditions. So please do not jump from strategy to strategy to strategy. Find one or two strategies and stick to those. Make sure you stick to those.

Please, I'm telling you guys, if you can do this, it will save you so much time and money. Just don't try to jump from strategy to strategy to strategy.

Ultimately, the main part that you need is discipline. If you set all these rules, and we're about to get into creating a trading plan, but if you don't have the discipline to follow this trading plan, the trading plan is just a piece of paper.

You need to have discipline when it comes to trading. It's something that's going to come over time, but if you can just master listening to yourself, I promise the journey of becoming a profitable trader will not be long at all.

With that being said, let's get into how to create your trading plan. There are a couple of things that you need to have written down so that you can answer these and have your trading plan formed.

I'm just going to give you the things to write down, and you can answer them on your own time. The first thing you're going to need to write down is what pairs you're allowed to trade. Have a maximum amount of things that you're allowed to trade.

Don't say you'll trade everything and have a million things on your watch list. I suggest, especially as a new trader, to only look at three pairs. Whether you want to trade NAS 100, NQ, and GBP JPY, whatever it is, just stick to three pairs.

The reason why that's so important is that as a new trader, and as a trader overall, you have to understand that all these pairs and instruments have different personalities. It's extremely hard to figure out the personality of each pair or instrument if you're looking at a million of them.

If you just focus on NQ, you know, okay, at 8:30 in the morning, NQ has a lot of volume, and it usually does this, this, and this. At 4:30, that's when it starts slowing down. At 10:00, it usually reverses. You learn all that by focusing on just a handful of pairs.

So list out right now a maximum of three pairs that you're going to focus on, that you're going to backtest your strategies on, and that you're going to actually trade live. Do not try to have a huge watch list. Like I said, stick to a maximum of three. I suggest two or one even, but three is great for beginners.

Next, you're going to want to give yourself a time window when you're allowed to take trades. The reason why that's so important is that a lot of people, especially new traders, will just get bored at 8:00 at night and randomly start opening up trades just because they're bored.

That's extremely detrimental to your success as a trader. Like I told you guys, you need to treat this like a job. So give yourself a time window for when you're allowed to take trades.

For example, you could say, "Okay, I'm allowed to take trades between 7:00 a.m. and 12:00 p.m." Whatever that time window is for you, you have to stick to that.

Now, that doesn't mean that you sit and look at your charts from 7:00 a.m. to 12:00 p.m. or 11:00 p.m. or 11:00 a.m., sorry. But that just means if your strategy and setup and your entry happen during that time frame, you can trade it. If it happens outside of that time frame, you cannot trade it.

So make that time frame and stick to it. Next, I kind of hinted at this, but you need to have a set strategy. I suggest having two strategies max that you focus on. You don't want to have a million different strategies.

You don't want to be all over the place, trading trend line bounces, trend line breaks, support and resistance bounces, supply and demand, scalping. You don't want to be doing a million things at once because you'll never get to fully learn and optimize that strategy.

So stick to two strategies. Find whichever two resonate with you and just practice those. Practice those, practice those, and only trade those strategies. No matter if you see another strategy happening or another setup happening, just stick to those two that you have chosen.

You're also going to want to limit how many trades you're allowed to take per day. The reason why that's so important is that a lot of times, people just randomly take 100 trades a day, and that's ludicrous. That's absolutely crazy.

Limit the number of trades that you're able to take. As a scalper, you're going to end up taking more trades per day than someone who's an intraday trader. An intraday trader is going to end up taking more trades per day than a swing trader.

But for the most part, you want to limit it. I like to say keep your trades, especially as a scalper, under five trades per day. As an intraday trader, if you want to be one, I say two or three trades max.

As a swing trader, one trade per day max or three or four trades per week max. That's just going to help you stay in a position where you're consistently looking for the best setups.

You know, okay, as an intraday trader, I can only take two trades. Do I want to use up one of my trades on this setup? Is this setup good enough for me to use one of my trades for the day on? It just helps you be more selective to take better trades.

You're also going to want to limit, in the beginning, how much money you're risking per trade. You don't want to have $1,000 in your account and be risking $500 per trade. That's not realistic. You're going to end up blowing your entire account.

So have a max amount of money that you're allowed to risk per trade, and don't go over that number. A good percentage that most people say as new traders is to stay under 3%, with the max being 5%. But I say stay under 3% of your entire account balance.

You're also going to want to write down your entry criteria. What do you need to see to be able to enter into a trade? The reason why that's important is, like I explained before, you don't want to just get bored.

Let's say all your other things are happening, but you just get bored, and you're like, "Okay, let me just press buy. Let me just press sell randomly." But you have no entry criteria. We talked about earlier in the session about having an entry criteria, looking at the candlestick that has a full body or whatever it is for you, a doji candlestick.

Just figure out one small thing that has to happen for you to be able to hop into a trade. Don't make it super specific because the markets can look different, but just have something that's like, "Okay, it has to be above the VWAP," or "It has to be below the VWAP," or "It has to be whatever."

Just have one small thing that stops you from being able to randomly open up a trade. Now, once you have all that, like I told you guys, if you don't have the discipline to actually stick to it, it's not going to mean anything to have this trading plan.

I like to tell people to also form a consequence for it because losing money in trading is not a big enough consequence for basically everybody. In trading, they'll continue to make the same mistakes and do the same things that they know are causing them to continuously lose money because they just keep losing money.

That's all they feel. I tell people to add a real-life consequence to it. What I suggest is if you break any of your trading rules—if you say you're risking $100 per trade and it goes to $11.50, you broke your trading rule.

If you traded outside your window, if you traded a different strategy, a different pair than you're supposed to, you broke your trading plan, and you have to have a consequence for it. I tell people a good consequence is an ice bath or a cold shower. Nobody likes doing that.

So as soon as you break any of your rules, instantly ice bath, instantly cold shower. But obviously, you know yourself better than I know you, so think of something that you would not want to do more than two times.

I have people who have to take a ginger shot when they break their trading rules. I have people that have to run five miles, people that have had to give their little sister $100. Just whatever you would not want to have to do more than two times, make that your consequence.

Every single time you break your trading plan or break your trading rules, instantly do that consequence. That's what's going to actually help you stay consistent in following your trading plan, which is going to help you consistently become profitable.

Another huge part of becoming a consistently profitable trader, and what I've actually given credit for my success in trading, is journaling your trades. We kind of talked about this earlier in this session, as well as when we went over backtesting.

I told you guys that journaling your backtesting is extremely important, but when you're actually live trading and trading in real time, you also need to journal it. It's extremely important because it helps you look back on all your trading data and make decisions moving forward.

You can see, okay, every time I lose a trade, it's because of this, this, and this. Every time I win a trade, it's because of this, this, and this. So let me avoid this, this, and this that's causing me to lose trades, and let me double down on this, this, and this that's causing me to win trades.

It helps you be extremely profitable because you're able to learn from your previous mistakes. As traders, as people, we can't remember what we did two weeks ago, let alone being able to remember 10 trades that we did last month.

But that's important data. Trading is all about data and patterns. I told you guys this in the beginning of this video—it's all about patterns. So when we see these patterns and we're trading in a live environment, we notice and we're able to pick up on other data that helps us make better decisions moving forward.

So you need to be journaling your trades. I say this: if you're not journaling your trades, it's going to be extremely hard for you to be a profitable trader because you're not learning from your previous mistakes.

You're not looking at what happened last month, what happened over the past five months. I'm trading this strategy, but over the past five months, I could have made way more money if I made this small tweak.

The only reason you'd know to make that small tweak is because you've been journaling these trades. I had a strategy where I was consistently making a good $3,000 to $4,000 on this strategy, but I noticed that I could have held this strategy a lot longer, where I can consistently end up making $8,000, $9,000, $10,000, $11,000, or $12,000 instead of the $3,000 to $4,000 I was making before.

The only reason I knew I could do that is because I looked over the data that I had on my trading journal. That's why I'm telling you guys it's extremely important to journal your trades.

I'm going to show you the platform that I personally suggest. The journal that I suggest is just so smooth, so simple, so easy. Let's hop into it.

I mentioned to you guys in the beginning of this video that you don't need as much money as you think. That's because you can use these things called prop firms. I'm going to show you guys exactly what prop firms are, how they work, and which ones I recommend for you to use.

There are a lot of scammy ones out there that aren't going to pay you out. They're going to be super scammy, and I want you to avoid those. So I'm going to show you the ones that I personally use and the ones that I personally suggest.

Let's hop into this. First of all, what the heck is a prop firm? Basically, in simple terms, a prop firm allows you to pay a small fee, let's say $200. With that small fee, you're able to take a challenge.

What that challenge is, is they'll give you, let's say, a $50,000 account. You'll trade on that $50,000 account, and if you're able to get to a certain profit target, let's say it's $53,000, then they'll actually give you that capital to trade with.

Now, you're not able to withdraw $50,000 once you pass the challenge. Once you pass the challenge, you have that $50,000 account, and all the profits you make on it, you're able to keep 80% or 90%, depending on the prop firm.

So let's say you get a $50,000 account, you pass it, and you make $10,000 on it. They will pay you $8,000 or $9,000, depending on what the profit split is, and you're able to keep that money. All you had to pay was that $200 initiation fee to take the challenge and then pass the challenge to make those profits.

It's really great for new traders or people who just don't have a lot of capital but want to be able to make a lot of money. Like I said, you can invest $200 and have the chance to have $50,000 to trade with instead of having to scrape together $50,000 to trade with of your own.

They're extremely beneficial. They're great for traders. I always tell people they're not for completely new traders. If you're still learning, as I told you guys, stay on a demo account for at least one month.

Once you do that and you start getting comfortable, I suggest going to a small live account. A small live account is like $100 or $200, and practice with that for about another month just to get you used to the emotions of trading with real money.

Then once you do that and feel more confident, you can buy a funded account. This is when you actually start making a bunch of money. You can start making thousands, tens, or even $20,000 to $30,000 every single month after getting into these prop firms without having to put a lot of money up front.

So here are some prop firms that I personally suggest for you to check out and start using as soon as you start feeling comfortable in the trading space.

First, for Forex, there are funded prop firms for Forex trading and futures trading. Right now, we're going to start on Forex. Funder Pro right here is a great platform. I've used them for like two years now. Whenever I want to trade on a funded account and I don't want to use my own live funds, I've used them.

I've never had a problem with them paying me out. They're super cool. You get daily payouts whenever you want. Keep in mind, I'm not going to go into depth about all the different rules they have. When you go on these websites, you can just simply go through their rules.

A lot of times, their rules will be something like you start at $50,000, you can't go under $50,000, or you can't go under like $45,000. If you do that, you lose the account and have to buy it again. But to pass it, you have to get to $53,000. Whatever that number is, it'll basically tell you all the rules when you go on all these websites.

This is a great funded account, personally for Forex. If you're going to trade Forex, the cool thing is that it connects to that platform we went over, Trade Locker, using the broker that I suggested for you guys with the link in the description down below.

Now, you can also get this platform, and they have their pricing and stuff like that all over their website. You can just go through it and play around with it. But I do suggest you use the link that I leave in the description down below because it'll save you 10% or 15%, depending on which actual account you end up getting.

I can end up saving you $100, $150, whatever it is on the actual account when you purchase it. Like I said, I've been using them for a long time. Never had problems with them. Super down-to-earth. I actually met all of their team members.

You see, I did an interview with them right here. That's me, this handsome guy right here. So yeah, super dope website and prop firm for the most part. I suggest you check them out if you want to get into Forex trading and use a prop firm for it.

But like I said, I'll leave a link in the description down below to get this Forex platform and be able to save 10% or 15% on buying the actual funded accounts.

Now, if you want to get into trading futures and you want a futures prop firm, Top Step right here is probably the most popular one that most people use. They're cool. I like them, but I'll show you guys the one that I like a little bit more than them.

A lot of people love Top Step. They're super straightforward. They've been around the longest. They're like the biggest one. You can see all their plans here. You can get a $150,000 account for $150 a month.

Keep in mind it says every month, but once you pass the challenge, you don't pay the monthly anymore. So technically, most people pass it within one month. So technically, you can get a $150,000 account for $150, which is super cool.

They're always having sales. You see they're always having sales all the time. You can get a $50,000 account, a $100,000 account. It's completely up to you. They'll have their rules and everything like that on the website, so check them out.

I don't have a 10% off thing for you, unfortunately, but Top Step is super cool, and they are cheap already. So you can check them out if you want to get into futures trading.

You cannot trade Forex on a futures prop firm, just like you can't trade futures on a Forex prop firm. This is a cool futures prop firm if you want to check out Top Step. It's topstep.com.

Now, the one that I personally like a little bit more is called Take Profit Trader. It's basically the same as Top Step. The only difference is you can get your payouts a lot faster than Top Step, which I personally like.

I like getting paid, obviously, as most people do. So I just like them a little bit more. They're a little bit more expensive, but same thing—a $150,000 account is going to be $360. There's no sale on it.

Top Step is usually $375, but they always have a sale. Take Profit doesn't really have sales that much, but you can check them out and compare whichever one you want to give a chance.

Like I said, if you want to trade Forex, Funder Pro is where you want to go. If you want to trade futures, Top Step or Take Profit Trader is what I personally like.

How I tell people to use these prop firms is to get payouts from them and take a percentage of those payouts to fund your live account. You ultimately want to get to the point where you're able to trade your live account, trade your own money, without having to give 10% or 20% away to a prop firm because you're using their capital.

Take a percentage of the profits that you make from these prop firms to use to fund your live account. Take the other percentage and go buy a freaking Lamborghini, whatever you want to do. But make sure you're taking some of the money.

I personally like the fact that you can take some of the money and just put it into a live account to trade for yourself.

Now, if you've made it this far in the video, I know you will be successful in trading because you've already put an extreme amount of time into learning this skill. So I want to give you the opportunity to get my advanced tested strategies—the same strategies that I use every single day to make multiple five figures in a matter of a couple of minutes.

It's absolutely crazy. Now, these strategies have been completely tested over 500 trades. They are the same exact trades that I trade live every single day, and they're the same strategies that have helped thousands of people make insane amounts of money every single day, every single week, and every single month.

You'll also get to see the difference between a good version of the strategy and setup versus a bad version of it. A lot of times, these strategies can look very similar, but there will be small changes that show me that this one might not win versus this one will win.

It kind of goes back to when we were talking about backtesting and journaling our trades. I've traded these trades over 500 times. I've traded these strategies over 500 times, so I've been able to look back on the data and optimize it to perfection.

I want to give you guys the opportunity to see those exact strategies, as well as all the data and all the good setups versus the bad setups. If you want that and want to accelerate your trading to make thousands of dollars every single day within a couple of minutes, click the link inside the description down below to get it.

It will literally teach you how to trade these strategies the exact same way that I trade them every single day and how I'm able to achieve this financial freedom, this location freedom, and this time freedom.

I'm able to make an insane amount of money every single day while only spending a couple of minutes in the market. It's how I'm able to spend less than 30 minutes in the market every single day yet still live my dream life.

With that being said, I truly look forward to all the amazing testimonials and messages I'll get from people just like you that will tell me that this video changed their life. This video allowed them to learn a skill that not just sets them free, but their entire family, to have that financial, location, and time freedom to ultimately live their dream lives.

I'm so happy that you guys entrusted your time with me to teach you this insanely valuable skill. If you got value out of this video, I would suggest you subscribe because I'm consistently dropping value for people just like you who want to become financially free with day trading.

I'm excited for you to start this journey, and I look forward to you driving past me in that Lamborghini after getting your dream life. I'll see you guys in the next video.