Smart Raja Concepts (SRC) – Forex 101

Smart Raja Concepts (SRC) is an online education platform that provides comprehensive courses on Forex trading. Forex, or foreign exchange, is a decentralized market where currencies are traded. SRC’s Forex 101 course is designed to help beginners understand the basics of Forex trading.

The Forex 101 course is divided into several modules, each of which covers a specific aspect of Forex trading. The first module covers the basics of Forex trading, including what Forex is, how it works, and the key terms used in Forex trading. This module also explains how to read currency charts and how to use leverage to trade Forex.

The second module covers fundamental analysis, which involves analyzing economic and financial data to determine the value of a currency. This module teaches students how to interpret economic indicators such as interest rates, GDP, and inflation, and how to use this information to make informed trading decisions.

The third module covers technical analysis, which involves using charts and other tools to analyze price movements and identify trends in the market. This module teaches students how to use various technical indicators such as moving averages, Bollinger Bands, and RSI to identify trading opportunities.

The fourth module covers risk management, which is a critical aspect of Forex trading. This module teaches students how to manage risk by setting stop-loss orders and limiting their exposure to the market. Students also learn about the importance of maintaining a trading journal and analyzing their trades to identify areas for improvement.

The fifth and final module covers trading psychology, which is an often-overlooked aspect of Forex trading. This module teaches students how to develop the discipline and emotional control necessary to be a successful trader. Students learn about the common psychological traps that traders fall into, such as overtrading and revenge trading, and how to avoid them.

In addition to the course material, SRC also provides students with access to a community of traders where they can ask questions and share ideas. Students can also participate in live trading sessions with experienced traders, which can be a valuable learning experience.

Overall, SRC’s Forex 101 course provides a comprehensive introduction to Forex trading for beginners. The course covers all the essential topics that a beginner needs to know, including the basics of Forex trading, fundamental and technical analysis, risk management, and trading psychology. The course material is well-organized and easy to understand, and the community of traders provides a supportive learning environment. Whether you are completely new to Forex trading or have some experience but want to improve your skills, SRC’s Forex 101 course is an excellent choice.

What is Inside?

BASIC PRICE ACTION:

Understanding zones is essential in trading. It is important to distinguish between high timeframe (HTF) zones and low timeframe (LTF) zones. While both are significant, HTF zones carry more weight. One should keep an eye out for rejections in zones or continuation. Additionally, knowing how to spot a valid range to fill and identifying ranges with appropriate stops can help you maximize profits. To avoid getting caught in a fake-out, you should understand the difference between a fake-out and a continuation. Understanding 4h/1h/30min/15min candles can be beneficial in trading. Visualizing daily candles and executing trades on LTF candles can also be a useful strategy.

CANDLESTICKS:

Candlesticks represent the price movement of an asset in a given time period. Wicks on a candlestick represent the highs and lows of the price within the given time period. Understanding how to trade wick fills is crucial in trading. You should determine which wicks will get filled and which ones won’t. HTF wick fills and LTF wick fills can differ in their significance. Candles with no wicks can be used to execute entries and exits. Understanding the difference between Kangaroo tails and fake Kangaroo tails can help you identify reversal and fake reversal candles. Knowing how to differentiate between fake-out and continuation candles is essential. Gladiator candles can be used for entries and exits.

CHART TRAFFIC:

“Looking-left” refers to analyzing previous price movement to predict future price action. Consolidation areas can be used to take profits. Identifying areas of consolidation can help you manage your trades. When there is no traffic to the left, predicting clean moves can be challenging. Labeling chart traffic by looking left can help you trade more efficiently.

CANDLE TRENDS:

Using candles to determine entry points, stop losses, and take profits is crucial. Trailing stops can be determined by reading candle trends. Candles and the stories they tell can be used to decide when to scale in a position and when to exit early.

MARKET TIMING:

Knowing when to look for volatility in the market is crucial. Identifying momentum and trading with it can be profitable. Identifying trends in a session and taking entries based on them can help you avoid trading pairs in consolidation.

ADVANCED TECHNICAL CONCEPTS:

HTF breakdown to LTF and impulse entries are advanced technical concepts that require discipline and adherence to rules. By following these rules, consistency in trading can be achieved, leading to success in other areas of life.