5 Forex Trading Tips You Must Know To Succeed At Trading | SMC
5 Forex Trading Tips You Must Know To Succeed At Trading | SMC
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In this video, I go into the concepts of fair value gaps, order blocks, and market structure. I explain how I use fair value gaps not as primary points of interest, but as areas where price may likely trade back into, similar to liquidity voids.
Also, I discuss what constitutes a pullback, focusing on a three-candle pattern that helps identify genuine pullbacks in the market. This actually helps understanding the difference between actual market shifts and mere fluctuations, ensuring more accurate trading decisions.
On top of that, I cover differences between swing trading and day trading, mentioning the importance of aligning your trading style with your personality and goals. Whether you prefer holding positions overnight or trading within a single session, your approach should be tailored to what suits you best both psychologically and strategically.
I touched on the significance of systemization and automation in trading, particularly for beginners.
Timestamps:
0:00 – Introduction to Fair Value Gaps and Order Blocks
0:24 – Using Fair Value Gaps for Understanding Price Targets
0:45 – Defining Real Pullbacks with a Three-Candle Pattern
3:31 – Finding your style of trading
6:33 – Importance of Personality and Goals in Trading
9:01 – Systemization and Automation in Early Trading Years
11:06 – Challenges with Fibonacci Levels and Market Structure
12:51 – The Value of Persistence and Skill Development in Trading
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