Original subtitles

and tap into that which is exactly the journey we're

basis. It's just down to you to learn how to open yourself up

opportunity that the market will provide to you on a daily

strategy, I would highly, highly, highly recommend that

crushed. So, when you are beginning the journey with the

hybrid approach and we essentially trade all four of

easy. I'm not here to sell dreams. This is definitely not

narrowing down the number of currency pairs that you trade

and specializing in just a few setups and in just one market

pick one or maybe even three pairs that they focus on and

instruments or currency pairs you trade the number of markets

your position trading, it's unlikely that there will be

you know, all the way to the other end of that scale is if

just one day on just one currency pair on its own but

profit that you can necessarily make for each start of

that's the number of trading opportunities for each style of

psychology Now, this is not something that you're just

your lifestyle and your situation and what is most

develop your own personal trading plans. Now, if you take

few minutes but generally you don't hold any positions

from a couple of days up to a few weeks and they are

which is where you typically stay in trades anywhere from a

essentially stay in trades anywhere from just a few

you wish to do so, you can gradually add layer by layer of

you just focus on one or two pairs alone so that you can

scalper on the lower time frames with a very small stop

enter a position with the accuracy and refinement of a

consistently make money in the Forex market. All you need is a

at instruments across all asset classes and taking more of that

cases maybe just two or three pairs at an absolute maximum so

end where we have the position traders they will probably look

stock indices for example and then all the way at the other

so that you don't spread yourself too thin trying to

contrary to popular of people outside of the trading

maybe, you know, as well, add more setups to your arsenal of

help reduce the number of trading opportunities down to a

day closed here we then open at that same price level and then

much more manageable amount and that's the number of

right so there are three main variables that you can tweak to

the day finishes and closes at this price level down here as

the bottom wick will represent the lowest traded price for

comfortable for your own unique trading personality and

you have position trading which is generally where you're

setups across the entire market and if you're trying to look

that many opportunities in an entire year but more

staying trades anywhere from couple of weeks to a few months

going to be practically an unlimited number of trading

strategy which is based on time. So, scalping, you've

frame there's no way a human can physically execute this

action on our charts we want to use something that gives us a

going to be, you know, maybe even 10 to 50 trading setups in

TradingView toolbar. So Japanese candlestick bar

a look at this graph, notice on the Y axis on the left-hand

here where the actual body of the bar ends now a bearish

goal essentially is you're just trying to catch and ride that

typically trying to catch a daily trend and then finally

a really small movement in price then we have day trading

this wick down here. The very bottom of that wick represents

this is when macroeconomic factors tend to affect price

fundamental analysis to your trading plan if you want to add

involved. All of this behavior and participation is what

framework. Now, after you've developed consistency, only if

throughout this program and your time here at Photon just

putting huge orders through the market for you know loads of

a professional standard with a detailed step-by-step

really learn and master your approach on that specific pair

you will learn and the develop the skill set to be able to

the price for the time period that you are looking at. So for

institutions large financial institutions as well as

dollars in order to actually make that purchase right? So

time period. Instead we use something called Japanese can

industry, you do not need to be aware of fundamentals to

huge risk toward trades. Now, don't get me wrong, this is not

basically each bar is a candlestick and it represents

session we then open where the prior day closed so the prior

into the next way that you can define and categorize a trading

movements of a swing or even a position trader for insanely

that we just talked about they are all affected by the forces

price closed higher than which it opened. So for instance it

Japanese construction company and they need to buy thousands

in Photon and myself included we take a much more sort of

stick charts which you can access here at the top of your

price chart and with sound technical analysis skills and a

of tons of timber from Canada. Then they're going to need to

and I promise you will be blown away by the abundance of

many reasons or with their own you know emotions and agendas

that forms price patterns that stretch over extended periods

loss size but to then hold and target the larger price

of time and can be used to make high probability forecast of

interaction of buyers and sellers with that order flow

prepared for some limiting beliefs to be absolutely

how truly effective the strategy is. So, please be

where price may move in the future. To study that price

really specialize in. Then, swing traders, they may look at

exchange a large amount of Japanese yen for Canadian

potentially look at multiple different markets and you can

stocks, indices, commodities, features, and currencies

in your trading plan if you prefer the shorter time frames

strategies. So, a lot of day traders, they will tend to just

profit. If you're scalping on the second time frame, there's

patterns repeat themselves over and over time and time again.

compensate for this by then trading more pairs. You can

compared to day trading for example but you can also

trade commodity and stocks as well as Forex for example and

they then go and approach the dealing desks at large banks to

10 to 30 pairs, potentially plus a few commodities and

something that is going to happen overnight but you'll see

opportunities doesn't necessarily equate to more

those time-based styles but on just one pair alone or in some

training, right? So If you're scalping, there's probably

trading opportunities through the study of that price

facilitate that transaction on their behalf. So BFIs banks and

independent retail traders such as us and all of those above

going to know instantly. You might have, you know, a bit of

time and experience. Don't worry for now, we'll talk about

then you may need to accommodate for this by

competing with each other to get the best possible price.

macro traders. They trade on a much longer term horizon as

side of the graph, that it says the number of trades. So,

all of the currency pairs at once on the 15 seconds time

movement and volume from that battle between buyers and

relative strength of countries such as interest rates

trading which is obviously no the same as the amount of

sort of wider portfolio approach now the majority of us

but this is something that you will kind of soon realize with

on any time frame but the the important thing is is that you

movements on a much longer-term scale which brings us nicely

this in a lot more depth when we start to build out and

then we have swing traders and they stay in trades anywhere

yes, the longer times will give you fewer trading opportunities

an inclination of what you're most attracted to at the moment

overnight into next trading day so of course as the name states

seconds to maybe a few minutes and you're generally targeting

literally since the beginning of the free market and the

you're in and out within the day so your your sort of main

So you have these big commercial companies putting

sellers and then that is then reflected onto a price chart.

that you operate within and the number of setups that you have

sort of main price movement of the day and then you're out

need to find what style of training works best for you for

and sometimes even years now the thing is you can make money

fundamental analysis traders, you know, often referred to as

reflects this in the order of our teaching. The majority of

reasons, their own unique views, ideas, and beliefs

probably heard of that. It's a type of trading where you

demand for the pair, applying upward pressure on prices and

we focus mainly on technicals as we have found it gives us

trader's mindset, both of which we teach you how to develop to

the sellers bring supply for the pair, applying downward

move up and down as a result of supply and demand from market

this is where very simply the price closed lower than which

another dimension to your edge in the market. But in Froton,

maximum clarity in the markets and our education naturally

master. It can take months for the analysis to play out in the

they will monitor various factors that impacts the

the price of currency pairs. So, buyers bring with them

central bankers and this kind of analysis can take years to

we trade and teach a technical analysis based strategy. And

the lowest traded price for that day while the top of the

pretty expensive news and data feeds such as Bloomberg

wick indicates the highest price paid. Now here in photon

driving up the price as a result now fundamental traders

more that foreign businesses and foreign investors will come

political and economic events as well as announcements,

industrial production and inflation so to use this kind

of human emotion that come into play with sums of money are

finishes finishes there and then the very next training

increases the demand for that currency and then in turn

that time frame right? So this is a daily chart so this means

open so with this up candle here right we open the day down

simple line chart which just sows the average price for that

here and then we closed up here where the body of the bar

it we have at bearish down day. Now the wicks simply just well

financial institutions are the other big players who are

Crowd psychology has been reflected in the price of

candle very simply represents the price action for that day.

opens down here right where the bar starts and it closes up

charts and that price action then creates patterns and these

much the majority of strategies that either based on technical

So in this case a grey candle represents an update where

who are just purely trading to try and extract the profit from

interaction of millions of different participants for as

candle in this case is denoted by the navy the blue candle and

auction throughout the day with buyers and sellers constantly

reflection of the market's opinion on the current and

instance we are currently on the daily chart. Therefore each

then prints the price action that we actually see on our

drives the order flow that is put through the market and the

the movement in exchange rates and this includes both large

different and various reasons then there are also speculators

little bit more information than just you know a very

pressure on prices and the market runs like a continuous

over to invest in that country. And what this results in is the

So, technical analysis is the framework used to identify

reason they are acting is price and no trades can take place

participants, they are buying or selling for their own unique

thousands of a month. Now, currency exchange rates, they

huge orders through the market. So let's say there's a big

combination of both. Now, in Forex, fundamental analysis is

it's literally just like an auction, right? And this drives

unless both the buyer and the seller agree on a price. So,

this is why serious fundamental traders have subscriptions to

will buy and sell currencies. The numerous types of market

terminals which can literally cost thousands if not tens of

market and it requires hours of constant research daily. So

around what the currency pairs they are trading are actually

worth. The meeting point of buyers and sellers for whatever

institutional and private sort of retail individuals, they

speculators. So, every day, investors and traders, both

presentations, and speeches by politicians, economists, and

currency against another. So in the long run, the exchange rate

out different trading strategies, styles and

currency in order to be able to obtain those assets so this

Now, there are many different ways to categorize and separate

of analysis effectively, traders must keep an eye on

that may affect the supply and demand of one country's

such as central bank actions and interest rates. So

unemployment numbers gross domestic product retail sales

need for those investors to purchase that country's

countries economies. It's also heavily influenced by factors

future health of its respective economy compared to other

the study of relative economic, social, and political forces

obviously the better the shape a country's economy is then the

analysis, fundamental analysis or some sort of hybrid

going to guide you through over the next 12 months.

approaches to trading the financial markets but pretty

of a currency versus other currencies is usually a direct