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  • Business Plan and Rules: Fundamental Analysis

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    Mohamed Saabkey Haaji
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    The document outlines the key steps in a forex trader's business plan and trading rules. It discusses fundamental and technical analysis approaches. The technical analysis strategy involves three main rules: 1) Identifying demand and supply zones and order blocks, 2) Confirming that the market has consolidated before breaking key support and resistance levels, and 3) Noting high volatility signals a change in the market direction. It also covers risk management with a 1:3 risk-reward ratio for swing trades, 1-2% risk percentages, and 20-30 pip maximum drawdowns. Lot sizes of 0.01-0.04 are recommended based on a $100-200 account.

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    plan for trade E

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    The document outlines the key steps in a forex trader's business plan and trading rules. It discusses fundamental and technical analysis approaches. The technical analysis strategy involves three main rules: 1) Identifying demand and supply zones and order blocks, 2) Confirming that the market has consolidated before breaking key support and resistance levels, and 3) Noting high volatility signals a change in the market direction. It also covers risk management with a 1:3 risk-reward ratio for swing trades, 1-2% risk percentages, and 20-30 pip maximum drawdowns. Lot sizes of 0.01-0.04 are recommended based on a $100-200 account.

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    © All Rights Reserved
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    25 views1 page

    Business Plan and Rules: Fundamental Analysis

    Uploaded by

    Mohamed Saabkey Haaji
    The document outlines the key steps in a forex trader's business plan and trading rules. It discusses fundamental and technical analysis approaches. The technical analysis strategy involves three main rules: 1) Identifying demand and supply zones and order blocks, 2) Confirming that the market has consolidated before breaking key support and resistance levels, and 3) Noting high volatility signals a change in the market direction. It also covers risk management with a 1:3 risk-reward ratio for swing trades, 1-2% risk percentages, and 20-30 pip maximum drawdowns. Lot sizes of 0.01-0.04 are recommended based on a $100-200 account.

    Copyright:

    © All Rights Reserved
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    of 1

    Business plan and rules

    Forex planning parts


    Fundamental analysis
    before the market is opening, I spent 45minutes on news
    1: trading view
    2: IG CLIENT system
    3: trading economy
    4: fomc
    5: finvis
    6: trading economy

    Technical analysis (strategy one)


    The firs rule
    1: demand and supply zone
    2: shumaca lo yaqaano order block(bosteejo)
    3: hubi in shumacaas uu ku xigsaday shumacyo xowli ku socda isku jiho ah
    4: hubi in shumacyadaas suuqa dhaqaajiyey ee jabiyeen wax lo yaqaano support and
    resistance
    5: hubi marka suuqa so laabtay inuu sameestay god ama liquid hole
    The second rule
    Waa in suuq walba ka hor intaa usan ku laabin seyladi saxda ahayd uu maarka hore galo
    consolidation
    The third rule
    Suuqa waxa uu kusiinayaa jiho diginin ah oo ka tarjumayo in uu suuqan is badali donaa
    jihadiisa saxda ahna aadi dono
    Waana shumacyo aad u waa weyn (high volatility)

    Risk management
    NB- risk reward ratio: 1/3swingt trade or 1/15 scalper trade R
    NB- percentages 1-2% risk
    NB - maximum drown down :20-30pips

    Lot size use if my account 100$ 0r 200$

    Lot size use: 0.01, (0.03 ,0.4 confident trade)

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