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Transcript
00:00Hello guys, welcome to the new video, the new training session
00:05In today's topic, we are going to talk about forex, how you can start forex, how you can try forex
00:12and how you can trade forex, along with what are the majority and minority pairs
00:18so we will talk about everything here, even you can trade with your same broker, there is no problem
00:23first of all, we will talk about what is forex trading, why do we trade
00:28so let me show you an example, so it will be clear to you
00:33so let me take an example, let's say you go to a foreign country
00:38whenever you go to a foreign country, you must have seen that
00:43let's say you are going to US, so you have to convert it in dollars
00:48so let's say you have 1 lakh rupees, so you go to a country
00:53so you convert it in dollars, so let's say it converts it in 84 per dollar
01:01so you take 100,000 INR in dollars, so you will understand how much you are getting
01:09so when you give it around 1 lakh rupees, you will get around 1219 dollars today
01:16so according to the current dollar rate, let me show you the dollar rate
01:21so the current dollar rate is 82 rupees, so according to this, you will get 1219 dollars
01:29so let's say you didn't spend anything here, you went to US, you didn't spend anything
01:34now you take this dollar and come to India, now you want to go back to India
01:40now the rate will be the same, sometimes the rate difference comes, let's say you are getting 85
01:47so you bought the dollar at 81, and when you sold it, you sold it at 85
01:55so if I do 1219 x 85, you will get almost 1,03,000 rupees
02:03now let's say you took 1 lakh rupees to US, you took 1 lakh rupees and converted it in dollars
02:12so you got 1219 dollars, but you didn't spend anything in the country
02:18you come back with the same dollar, but now the dollar rate has changed
02:23so when the dollar rate changed, you got profit, you took 1 lakh, you got 1,03,000
02:28again, this is called currency trading, you will see this in the US market
02:34sometimes the dollar is increasing, sometimes it is decreasing, you can trade this
02:38and now you can trade this with the brokers of normal buyers
02:41let's say you thought in June that you will take this trade, if you thought
02:47at that time you were getting this contract of 78, you could have sold it at 82
02:53again, you get money from 78 to 82, if you see the return on investment, you get 5-1%
03:02this is best for swing trading, again this is also traded in Indian brokers, but I will define this
03:07forex market is simple, US dollars, euros, this is called currency-based trading
03:14along with this, there are some major pairs and some minor pairs, let's talk about that
03:19again, what are major and minor pairs, you will see this is traded in pairs
03:24here you will see the symbols, what do they say, it will be written here
03:30along with this, the trading term, it will be written here
03:34again, the majority that I trade, in India also, the majority that I trade or in the overall world
03:40you will see, euro, US dollars, this is the most traded thing
03:44after this, US dollars and Canadian dollars, which is dollar in Canada
03:48so these 2-3 are the most traded, along with this, all these are also traded
03:53and you can definitely do this, it is not a big deal
03:56so you have to remember this, if I write EUR vs USD
04:01you should know that I am using the trading term EURO
04:04along with this, I am trying to trade EURO-USD
04:08so again, these are some terms, I will make the PDF available for you
04:11I will send you the link in the chat section, so you will get this
04:16along with this, let's come to the next topic, what are cross-currency pairs
04:21again, you will see that one currency is same, you can make any currency pair along with it
04:27these are your cross-currency pairs, like I was showing you here
04:30like you were working in dollars, you went from India to US
04:36so your one pair is always same, dollar
04:39if you are going to US, your dollar is same, right?
04:43same thing happens with cross-currency pairs
04:45like you will see here, what are the cross-currency pairs with EURO
04:48Canadian dollars, Australian dollars, New Zealand dollars, Japanese yen, CHF, GBP
04:52so all these are made with EURO
04:54again, with New Zealand dollars
04:57Australian dollars has 2 pairs, Canadian dollars has 3 pairs
05:00so you can see here, Japanese yen and EURO are the most traded
05:04means, there are the most pairs
05:06again, you have to remember all these things
05:08and along with this, you must be understanding that
05:11when you are trading, where will you get the movement
05:14so these overlapping forex market hours
05:17this is such a thing, that it will be easy for you to track the movement
05:21like I am telling you, your forex runs from Monday to Friday for 24 hours
05:26so Monday night at 12 or Tuesday afternoon at 3
05:31you can do any trading, from 0 to 24 hours, it runs
05:35but sir, where will you get the movement
05:37the major movement comes when US market opens and when India market opens
05:41basically, the volume is there
05:44but you see, your forex trading is going on
05:47morning at 9, as soon as India market opens
05:50you can see the movement in forex market
05:53evening at 5.30, as soon as US market opens
05:57you can see the changes in forex
06:00because markets are opening and closing
06:02so these are the opening and closing timings of different markets
06:05like in India, at 3 in the morning, New Zealand market opens
06:11at 5.30, Australia market opens
06:14at 5.30, Japan market opens
06:16at 6, Hong Kong and Singapore market opens
06:18at 9, India market opens
06:20at 11.30, Germany market opens for trading
06:22at 12.30, United Kingdom market opens
06:25and at 5.30, US market opens
06:28so these are the majority overlapping forex market hours
06:31in case you have any doubt, you can make a list and put it in the chat
06:35I will solve it in a while
06:37so you have to remember this
06:39so here, is there trading in 1, 2, 3, 4 rupees
06:43not at all
06:44in this area, where we are talking about
06:46there is trading in pipits
06:48so let me clear that for you
06:50let me write a trading view here
06:52one second, have a look
06:54so as you can see the trading view
06:56you can trade in normal trading view
06:58so let me open the charts
07:00so let's say
07:02I was teaching pump and dump to someone
07:04so if you see here
07:06you want to trade in forex
07:08so as soon as you select forex, major pairs will come
07:10let's say you want to trade in EURUSD
07:13so here, our trades are also open
07:16now you want to trade in EURUSD
07:19but you are not able to understand
07:21how to trade this
07:23what exactly is the method
07:25by which we can trade this
07:27so guys, it's not at all a big deal
07:29it's a very easy thing
07:30you will see here
07:321.11245
07:34again, because you will be thinking
07:36sir, there will be very less movement in dollars
07:38I mean, how can a dollar go up to 90 or 100 in one day
07:41so that's why we trade this in pips
07:43guys, what are these pips
07:45so the value you are seeing
07:471.19863
07:49we will trade in this
07:51this is called pips
07:53again, the last 5th digit
07:55have a look here
07:571,2,3,4,5
07:59you will see
08:01the 5th digit
08:03you have to ignore it
08:05because it doesn't show the major difference
08:07so whenever you will trade
08:09you have to count only these 4
08:11these 4
08:13again, how will you know
08:15how much is the movement
08:17you have to calculate in pips
08:19so this is your once place
08:21this is your 10th place
08:23you must have seen in school
08:25once, 10th, 100th
08:27and 1000th
08:29so these are your places
08:31now let's say
08:33let me ask you a question
08:35how much is the movement of pips
08:37let's track it
08:39let's track how much is the movement of pips
08:41let's say you bought it
08:435 minutes or 5 minutes
08:45so it will be very easy for you
08:47to trade it
08:49it is very easy
08:51patterns are same
08:53you just have to understand
08:55how much is the movement
08:57let's say you bought it
08:59here
09:01you put the buy entry
09:03which was at 1.1176
09:05okay
09:07you bought it here
09:09now you made a plan to sell
09:111.1234
09:15now you tell me
09:17how much is the difference of pips
09:19so you don't have to do anything
09:21this after 1 and decimal will be common
09:23you don't have to do anything
09:25just you
09:271234
09:29we will minus here
09:31and what was your value here
09:33see this
09:35now your answer will come
09:37how much is the movement of pips
09:39after this how do you calculate profits
09:41let me tell you that
09:43now you will see here
09:45how much is the movement of pips
09:4758 pips movement
09:49you will see here
09:51this is how you calculate
09:53how to trade in pips
09:55here you don't trade in rupees
09:57here the trading happens in pips
09:59last digit
10:01you have to ignore last digit
10:03which will be your 5th place
10:05you have to ignore this
10:07you have to ignore 1
10:09because the majority doesn't change
10:11you will always get above 1
10:13the thing which is useful for you
10:15is this
10:17again the majority used
10:19will be this
10:21how much is the difference of pips
10:23if last digit changes then 1 pips
10:25if second last digit changes then 2 pips
10:2786 pips 36 pips
10:29and third changes
10:31100 200 300 400 pips
10:33so this will be the trading of pips
10:35if you understood this
10:37then write yes in the comment section
10:41once you understood this
10:43then your picture will be clear
10:45that how to trade forex
10:47you can pick these pairs
10:49in which you can trade
10:51like you search Tata, Dani, Ambani
10:53similarly you will see the majority
10:55like euros, US dollars
10:57after this there is a lot of volume
10:59in forex market
11:01after that you will ask
11:03how to trade in pips
11:05then you have to remember this sheet
11:07that this is called this
11:09and we always ignore last digit
11:11because it is very small
11:13it is called pipits
11:15not pips, it is pipits
11:17so you have to ignore this
11:19after this we will come to what is lot size
11:21so as you can see
11:23in nifty you have lot size of 50
11:25in bank nifty you have lot size of 25
11:27and in stock options
11:29you go to NMDC
11:31so you will get 31800
11:33similarly here also there is lot size
11:35so nano is called 100
11:37so if you want to trade
11:39nano lot size
11:41then it is of 100
11:43micro is of 1000
11:45mini is of 10000
11:47standard which is normal
11:49is of 1 lakh quantities
11:51so tell me if you understood this
11:53yes and no
11:57so till now we have covered
11:59what is lot size
12:01after lot size you will see
12:03how to trade in pips
12:05now let's talk about price
12:07so again
12:09it depends on volume
12:11so here like you used to write in nifty
12:13one lot is required, quantity of 50
12:15quantity of 100
12:17quantity of 150
12:19similarly here you have to put volume
12:21now if your volume
12:23let's say if your volume
12:25will be 1
12:27if your volume is 1 lot
12:29which is a standard
12:311 lakh unit
12:33so if 1 pip move
12:351 pip move will come
12:37here your profit will be
12:39of 10 dollars
12:41have a look
12:43if you want this in Indian currency
12:45then it will be of
12:47820 rupees
12:49if 1 pip move
12:51and your volume
12:53will be 1 lot
12:55then you will get 820 rupees
12:57let's say your volume
12:59is 1 by 10 lot
13:01means here you
13:03take 0.10 lot
13:05you have reduced the volume
13:07you are not taking 1 volume
13:09you are trading at 0.10
13:11so now your profit will be
13:13of 1 dollar
13:15how much will be the profit?
13:17in Indian currency
13:19it will be of 82 rupees
13:21per pip
13:23again this is per pip profit
13:27just remember
13:29in quantity
13:31if you have taken 1 lot
13:33of standard
13:35so if 1 pip move
13:37then you will get 820 rupees profit
13:39if you have taken quantity
13:41very less
13:430.10
13:45if 1 pip move
13:47then you will get 82 rupees profit
13:49if you reduce from there
13:51you are doing micro trading
13:53which is 0.01 quantity
13:55so here your profit
13:57will be of 8.2 rupees
13:59again here you will get
14:010.1 dollar which is
14:0310 cents
14:05and here you will get 8.2 rupees
14:07per pip profit
14:09understood?
14:11now let's say you bring it down
14:13you reduce the quantity
14:15you want to trade in nano
14:17your quantity is
14:190.0001
14:23so here your profit
14:25will be 1 cent
14:27we call 0.01 dollar
14:29as 1 cent
14:31if you see here
14:33100, 90, 80 rupees
14:35but if you come here
14:37it is 5 rupees
14:39in dollar it is 1 dollar
14:41if it is below dollar
14:43then we call it 60 cents
14:45cents means
14:470.60 dollar
14:49so let's talk in cents
14:51dollar
14:53here you will get 0.01 cents
14:55which is if you see in Indian rupees
14:57then you will get
14:590.82 rupees per pip
15:01understood?
15:03so let's say
15:05this is how you can trade
15:07your capital
15:09you want to take quantity
15:11let's say your capital is very good
15:13you want to trade in standard
15:15so you take one lot
15:17proper one lot
15:19now when you take proper one lot
15:21let's say
15:23one pip will move
15:25you will get 820 rupees profit
15:27now again here
15:29we come back to trading view
15:31have a look guys
15:33here you were trading euro, US dollars
15:35now let's say
15:37you got 58 pip profit
15:39in this whole rally
15:41you got
15:43plus 58 pip
15:45now it was on you
15:47how much was your quantity
15:49if I see 58 pip
15:51let me show you
15:53you captured
15:5558 pip
15:57now
15:59it is easy to capture 58 pip
16:01but on quantity
16:03it will be dependent
16:05let's say you are getting
16:0710 dollars per pip
16:09you multiplied 10 by 58
16:11you will get 580 dollars profit
16:13multiplied by 82
16:15you will get
16:17Indian currency profit
16:19let's say you are keeping
16:21quantity in mini
16:23you will get
16:2558 dollars profit
16:271 into 58
16:29which is equal to
16:31dollar 58
16:33let's say your quantity
16:35in micro is 0.01
16:37what is your profit here
16:39in micro also you will get very less profit
16:410.10
16:43multiplied by 58
16:45here you will get
16:475.8 dollars profit
16:49so this is how you calculate
16:51your profit
16:53if someone wants in INR
16:55he can multiply by 82
16:57current dollar rate
16:59you will get that
17:01quantity
17:03capital
17:05you can trade
17:07if you understood this
17:09then comment yes
17:11if you have any doubt
17:13you can ask me in chat
17:15now let's come to next topic
17:17which is
17:19which broker is legal
17:21which broker is illegal
17:23can we trade with Indian broker
17:25in forex
17:27there are many questions
17:29let me clear this
17:31CB forex
17:33banned brokers
17:35if you will write this
17:37you will get a list
17:39which government has banned
17:41which brokers are blacklisted
17:43so you don't have to trade with these brokers
17:45again guys
17:47there are many brokers in India
17:49which are still operating
17:51but these are banned
17:53you will see
17:55binary trading
17:57eva trade
17:59you will see brokers
18:01you don't have to trade with these brokers
18:03meta trader
18:05meta trader 5
18:07these are all banned
18:09FXTM
18:11FXTM is one of the best brokers
18:13in Dubai
18:15but they have banned it in India
18:17so our government says
18:19we are giving you solution
18:21you can trade with this
18:23I will teach you both
18:25how to trade legally
18:27and if you want to go right
18:29then how to trade with Dubai
18:31I will show you both
18:33you have to trade legally
18:35just like futures and F&O
18:37government has put future contracts
18:39you can buy and sell
18:41future contracts are available
18:43in 4 symbols
18:45USD INR
18:47EURO INR
18:49GBP INR
18:51JAPANESE INR
18:53you can go to exchanges
18:55and trade
18:57their trading hours are fixed
18:59you can trade
19:01from 9 am to 5 pm
19:03everything has been given
19:05how to trade
19:07you can use FIERS broker
19:09FIERS is very good for forex trading
19:11I have been doing it
19:13I don't want to go opposite of Indian government
19:15so I don't
19:17just go opposite to the government
19:19you can make a new list
19:21you can make a new list
19:23you can make a new list
19:25for forex
19:27you can add here
19:29whatever you want
19:31USD INR
19:33you can write USD INR
19:35you can see
19:37July expiry date
19:39you can see
19:41August expiry date
19:43you can see
19:45date of expiry
19:4729, 25, 18, 11
19:49July expiry date
19:5127, 28
19:53you can see
19:55from here
19:57which contract you want to trade
19:59you can click here
20:01you can trade
20:03similarly you want to trade in EURO INR
20:05you can write
20:07EURO INR
20:09whatever the government has given
20:11USD INR, EURO INR
20:13GBP INR, JPY INR
20:15you can trade 4 contracts of INR
20:17you can trade in Indian brokers
20:19you can trade in Indian brokers
20:21as soon as you write INR
20:23EURO INR, GBP INR
20:25all the US dollars, European dollars
20:27all these you can trade in INR
20:29all these you can trade in INR
20:31this is 105 INR
20:33you have to buy a quantity
20:35you have to buy a quantity
20:37you have to buy a quantity
20:39you can buy here
20:41this is how you can trade in India
20:43legally
20:45this is how you can trade in India legally
20:47and it's very good
20:49you don't have to go anywhere
20:51now let's talk about
20:53how you can trade other than this
20:55I have shown you a live demo
20:57how you can trade in FIRES
20:59now I will show you
21:01how you can trade
21:03this same thing
21:05from outside
21:07for that XM and META 5 are used
21:09again this is banned by the government
21:11in India
21:13but still people are using it
21:15and let's say you want to do demo trading
21:17you can use this
21:19you have to download META trader 5
21:21you have to download META trader 5
21:23META trader 5 is a platform
21:25where you can officially trade forex
21:27like FIRES
21:29where you can trade
21:31so you have to download this
21:33I will download it for OS
21:35it will download
21:37it will download
21:39after this we have to make
21:41a broker
21:43there is a broker called XM
21:45there is a broker called FTMO
21:47you can make it anywhere
21:49FTMO, XM anywhere
21:51they give you demo money
21:53to do trading
21:55you can read about their challenges
21:57it's a very good thing
21:59forex is not at all bad
22:01if you want to grow your trading career
22:03I always suggest
22:05you should go for forex
22:07as soon as you login
22:09you can login via google
22:11you can tell
22:13how much account balance
22:15you want
22:17and they give you the challenges also
22:19again you can read about
22:21the challenges
22:23they make you write
22:25exams
22:27they take exams from you
22:29and they give you demo money
22:31if you grow that money
22:33they give you real money
22:35so how much account balance you want
22:37you will get 30x leverage
22:39you get a lot of leverage
22:41if you take swing
22:43it's 30x
22:45if you trade today
22:47you will get 30x money
22:49let's say you are taking intraday
22:51like you will trade today
22:53now you see
22:55you are getting 100x leverage
22:57100x
22:59so if you bring 1000
23:011000 dollar
23:03let's say 1 dollar
23:05they give you 100 dollar
23:07to trade
23:09they give you 100 dollar for 1 dollar
23:11so here the leverage
23:13in forex is a lot
23:15some brokers even give 500x
23:17so if you are bringing 1 dollar
23:19you will get 500 dollar to trade
23:21but if you
23:23lose 1 dollar
23:25they will exit you
23:27so remember this
23:29your loss capacity is this much
23:31but you can take more
23:33so these are the things
23:35you can make your profiles
23:37you can do everything
23:39and their terms and conditions
23:41you have to sign
23:43and as soon as you confirm
23:45they will give you
23:4710,000 dollar trading account
23:49you can see
23:51I wanted 10,000 dollar trading account
23:53100x leverage
23:55just by giving 155 euros
23:57I can pay and I will get
23:5910,000 dollar trading account
24:01they have rules and regulations
24:03you can read it
24:05even in dollars I can give 200 dollar
24:07they have a lot of things
24:09same with xm
24:11again this is just a broker
24:13you can choose different brokers
24:15in india this is banned but people are still using it
24:17what is xm
24:19same broker
24:21forex and cfd trading on stocks
24:23you can go here and trade
24:25it's not a big deal
24:27you can open your account
24:29if you just want to learn trading
24:31you can write your email
24:33and use demo account
24:35as soon as your demo account comes
24:37they will give you id and password
24:39after this you can download metafive
24:41as soon as you download
24:43I will show you
24:45go and check out
24:47one second
24:49I will open it
24:51as soon as I download metafive
24:53my metafive is getting installed
24:55after this I will explain
24:57how to use metafive
24:59so I hope
25:01my metafive is downloaded
25:03see
25:05metafive trader is downloaded
25:07I am opening metafive
25:09one second
25:21this is my metafive
25:23trading panel
25:25similarly
25:27I am going to use
25:29metafive trading panel
25:31what is it
25:33if you want to know in brief
25:35I will explain it
25:37if you want to learn
25:39demo trading
25:41you can definitely learn
25:43here you can see
25:45pairs
25:47all the pairs you can see
25:49here you can see
25:51subscription, signals, indicators
25:53algos
25:55you will get all these
25:57this is to select
25:59which pair you want to trade
26:01pair selection will be from here
26:03you know
26:05selection
26:07on this side
26:09you will get all your orders and windows
26:11let's say some order has been executed
26:13or not
26:15here you have codes
26:17general of what you have traded
26:19and how is your trade going
26:21what is your news
26:23what is your history
26:25you will get that panel in this area
26:27you can also do algo trading
26:29in case you want to place a new order
26:31it will be from here
26:33from this area
26:35I will show you more clear use
26:37for now I will close everything
26:39because markets are closed on sundays
26:41if there will be live trading
26:43I will show you
26:45it is very good
26:47it is very easy in this phone
26:49you can upload it
26:51connect your account from here
26:53I will mark the color
26:55in this area
26:57you will get account section
26:59you will have to
27:01connect your account
27:03in ftmo, xma
27:05for now
27:07demo account is connected
27:09demo account is connected
27:11because I trade from phone
27:13demo account is connected
27:15I can do buy and sell in demo
27:17let's say I want to do buy and sell
27:19in euro and US dollars
27:21because market is closed
27:23I can put my volume
27:25I told you I will have 1 lot
27:27which is a standard lot
27:29so I will have
27:31profit and loss of 10 dollars
27:33per pip, so here I have 1 lot
27:35now if I
27:37reduce 1
27:39let's say 0.10
27:41so here
27:43I have less than standard
27:45so I will have profit and loss of 1 dollar per pip
27:47so from here I can put my volume
27:49whatever is my target
27:51stop loss is from here
27:53if I want to buy then buy, if I want to sell then sell
27:55whatever you want to do, I can do it from here
27:57again, if you want to execute instant
27:59or pending, you can do it
28:01I executed instant
28:03and left it
28:05whatever trade you are taking
28:07it will be written here
28:09I will tell you to do demo trading
28:11now I have 10,000 dollars
28:13for long positions
28:15let's see
28:17if I can take 20,000
28:19you can trade like this
28:21if you have taken any trade in history
28:23what are your trades
28:25if you have received anything on mail box
28:27if you have received any article
28:29if you want to maintain anything in general
28:31so every trade is recorded here
28:33there is a ping here
28:35if the system is working or not
28:37so keep in mind that it should not go above 300
28:39it should not go above 200 or 300
28:41if you want to place a new order
28:43you can click on new order
28:45there are many things here
28:47you can do algo trading
28:49they provide signals here
28:51you can go here and check many things
28:55these are third party things
28:57they are not that useful
28:59after this you need some tools
29:01you need some strategies
29:03global variables
29:05you can check everything from here
29:07there are two versions of this
29:09MetaTrader 5 and MetaTrader 4
29:11it will be up to you
29:13which one you want to use
29:15if you need any example in indicators
29:17you can get it from here
29:19many times it happens that
29:21you make your own algo
29:23there are many people who do python trading
29:25they code in python
29:27they need stochastic algo
29:29this is proper algo
29:31you can start it
29:33so this is how you can trade via MetaTrader 5
29:35and in MetaTrader 5
29:37you can get many algos
29:39which are available
29:41they trade in heavy cost
29:43there are many things
29:45I don't suggest it all
29:47even I am giving you a clear warning
29:49that Indian government and RBI
29:51have banned all this
29:53they don't have authorization to trade
29:55but still because it is working in US
29:57people shift to Dubai and do forex trading
29:59if you want to trade legally
30:01you can do it through fires
30:03if you want to trade from Dubai
30:05if you want to trade from Dubai
30:07you can take an account
30:09from FTMO or XM
30:11you can get an account for 200-300 dollars
30:13you can get an account for 10,000 dollars
30:15you can start trading from 10,000 dollars
30:17if you have a loss of 200 dollars
30:19they will exit it
30:21there are many challenges of FXTM
30:23I will show you that
30:25FXTM is a global broker
30:27if you see here
30:29it gives you challenges
30:31you can complete their challenges
30:33you can even
30:35target them
30:37if you are a good trader
30:39they give you more money to trade
30:41these are the things
30:43you can check out
30:45if you have reached here
30:47FXTM and EOL
30:49now we will talk about
30:51what concepts you use in prediction
30:53here prediction
30:55is based on smart money concepts
30:57smart money concepts
30:59like supply and demand
31:01they smart money on order blocks
31:03suppose
31:05you can see here
31:07you can see a supply type
31:09here it is taking
31:11rejection
31:13but here we use order blocks
31:15order blocks is just a very
31:17choppy part of that
31:19how do I draw an order block
31:21I have already taught people
31:23but still if you don't know
31:25mark the top red candle
31:27and green candle
31:29this will be your order block
31:31if you don't know
31:33how to make this
31:35you can use order block indicator
31:37it will make it for you
31:39here is your
31:41order block indicator
31:43as soon as you put this
31:45you will see a lot of order blocks
31:47again there are a lot of indicators
31:49some people ask
31:51what do you use other than indicators
31:53I don't use indicators that much
31:55to be honest, when I trade
31:57scalping is very good
31:59scalping is very good
32:01and you will see big moves
32:03so let's say you are trading
32:05on a trendline
32:07you will see
32:09as soon as it breaks
32:11you will see a big move
32:13and instant move
32:15so in case if I talk
32:17how to do scalping
32:19you take entry and exit
32:21you will see fast moves
32:23and big pips
32:25what I use in majority
32:27I use structure
32:29so as I show you here
32:31have a look
32:33you will see this
32:35I will take this in big time frame
32:37so you will understand fast
32:39now you can see
32:41how to mark structure
32:43you will see here
32:45it makes you low and high
32:47low and high
32:49and again low and high
32:51I will mark this
32:53see this
32:55now you have
32:57marked only this much
32:59for example, you have marked only this much
33:01so now learn to read this
33:03you will see here
33:05this is a good structure
33:07till here
33:09lower lows and lower highs
33:11but in this particular place
33:13the structure has changed
33:15have a look
33:17in this particular place
33:19it should have moved from here
33:21so we will call this
33:23break of structure
33:25now break of structure
33:27is not sustained because of
33:29downtrend which was going on
33:31and again
33:33you will see
33:35same thing
33:37lower lows and lower highs
33:39I will mark this
33:41now see the new structure
33:43break of structure
33:45we will take a new structure
33:47after break of structure
33:49it comes like this
33:51lower lows, lower highs
33:53lower lows, lower highs
33:55now where I would have taken entry
33:57when I would have taken entry
33:59as soon as change in character
34:01properly I know
34:03good break of structure
34:05good change in character
34:07this has just now rounded off
34:09I would have taken entry
34:11as soon as break of entry
34:13I would have taken the exit
34:15here smart money concepts
34:17if I define these concepts in easy words
34:19where is the break of structure
34:21higher highs, higher lows
34:23where is the break of structure
34:25where is the change in character
34:27higher highs, higher lows
34:29but from here it has changed
34:31have a look
34:33in this particular place
34:35it has changed in character
34:37indicator based trading can also happen
34:39not a very big deal
34:41supply demand and smart money
34:43concepts are also good to go
34:45trading can also happen normally
34:47not a big deal
34:49better than patents
34:51use smart money concepts
34:53so this is your forex guys
34:55I hope this is clear
34:57do the prediction in normal stock market
34:59in case you want to trade legally
35:01do fire skids
35:03link is in the chat
35:05free of cost trading
35:07in case you want to go a bit advanced
35:09you can use xm and meta 5
35:11lot sizes vs price chart
35:13all these things are available
35:15so you should not have any doubt
35:17in this
35:19so this is it for the forex
35:21I hope you understood this session
35:23if yes then write it in the chat

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