The Book “Trade Like a Professional”
The book “Trade Like a Professional” is a comprehensive guide that explains the complex world of forex trading, offering valuable insights into the often misunderstood concept of Smart Money Concept (SMC). This book is a must-read for both beginner traders looking to build a strong foundation and experienced professionals seeking to refine their strategies.
From the beginning, the book makes a great impression with its clear and concise explanation of the basics of forex. Complex concepts are broken down into easily understandable sections, making the material accessible without oversimplifying it. The introductory chapters provide a solid foundation, covering key topics such as market structure, price action, and the psychological aspects of trading.
Where this book truly excels is in its detailed exploration of the Smart Money Concept. The book demystifies SMC, a trading approach that focuses on understanding the actions and objectives of institutional investors, often referred to as ‘smart money.’ By explaining how these major players influence market movements, the book equips readers with the knowledge to adapt their trading strategies accordingly.
The book is rich with practical examples and case studies that illustrate the application of SMC in various market scenarios. These examples not only inform but also serve to reinforce the theoretical concepts discussed. The step-by-step approach to identifying smart money footprints, such as accumulation and distribution phases, order blocks, and liquidity zones, is especially helpful.
Moreover, the inclusion of advanced technical analysis techniques sets this book apart from other forex guides. The book introduces tools and confirmations that complement the SMC approach, providing readers with powerful trading tools. Each technique is explained clearly, and accompanying charts and examples enhance the learning experience.
One of the standout features of “Trade Like a Professional” is its emphasis on risk management and trading psychology. The book underscores the importance of maintaining a disciplined mindset and effective risk management, which are key elements for long-term success in trading. The practical advice and strategies for overcoming emotional traps are invaluable for traders at any level.
“Trade Like a Professional” is a thorough and in-depth guide that offers a deep dive into the world of forex trading through the lens of the SMC concept. Our expertise and passion for this strategy are evident throughout the book, making it a valuable resource for anyone serious about mastering forex trading.
INTRODUCTION TO FOREX
PREPARATION FOR FOREX
- Trader Personality Test
- What is Forex?
- Interbank Market Structure – Forex
TECHNICAL PROGRAMS AND BROKERS
- How to Open a Direct Account with IC Markets?
- MetaTrader
- TradingView
ELEMENTS OF FOREX
- What is a Pip and a Pipette?
- Lot
- Leverage
- Spread
- Types of Orders
ANALYSES AND CHARTS
- Types of Analyses
- Technical Analysis
- Fundamental Analysis
- Trading with Candlesticks
- Entrancement
- Impulse
SMART MONEY CONCEPT STRATEGY
- Trend
- BOS (Break of Structure)
- CHOCH (Change of Character)
- Supply and Demand
- Momentum
- Sweep
- Mitigate
- Imbalance
- Inducement
EMOTIONS AND RISK IN FOREX
- Risk Management
- How to Control Emotions During Trading: Key Tips and Strategies
- JS Forex Philosophy
APPENDIX WITH PHOTOS
APPENDIX WITH FOREX ELEMENTS FOR SMART MONEY CONCEPT
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