Complete Beginner's Guide to Profitable Day Trading: Strategies & Platforms

by the end of this video you're going to know everything that you need to know on how to become a day trader as a complete

beginner this full course will be packed with more value than everybody puts inside of their courses and sells to

people for hundreds and sometimes even thousands of dollars I'm going to take you all the way from the beginning from

what is day trading to how to recharts what candlesticks are the platforms you're supposed to use the strategies

you should use how to manage your trades how to Journey your trades I'm going to teach you everything you need to know on

how to become a profitable day trader first of all who am I my name is juvier and I've been trading for seven years

now day trading has allowed me to live my dream life I bought my first home for over a million dollars I bought my wife

her dream car I have Financial Freedom I can buy literally whatever the heck I want to whenever I want to I can live

wherever I want to cuz I now have time freedom and location freedom because of day trading I'm able to not just take

care of myself and give myself the life I never thought possible but I'm also able to do that for my friends and

family as well over the past 7 years I've been able to consistently make multiple six figures every single month

day trading and that's why I truly believe that everyone should learn how to day trade and that's the main reason

why I'm making this entire course completely for free because I feel like you and every other person watching this

video deserves to learn this skill that can not just set you free but set your entire family free to Live Your Dream

Life in this video I'm going to Deep dive into every single thing that I know about trading and everything that you're

going to need to know about trading to be able to start consistently making money day trading and at the same time

I'm going to keep it as informational and as educational as possible because I remember when I was first starting

learning how to day trade everybody was making it super super complicated and over the past 7 years and being able to

help thousands of people learn how to day trade I've been able to package it in a way that's extremely simple that

way even a six-year-old could actually learn how to trade which I actually have taught a six-year-old how to start

trading so I'm going to do that in this video as well to hopefully keep you ENT mained informed and enough education so

that you can feel confident getting started on your day trading Journey grab yourself a notebook grab yourself some

water and get ready to change your life let's get into this so what is day trading in simple terms it's

realistically just hopping in and out of Trades pretty quickly you've probably seen your grandparents or parents even

talking about buying stocks and holding stocks for years or until they retire and making money from it that's not what

we're talking about we're more so talking about hopping trades and predicting where price on a specific

stock crypto Futures currency pair any of those we're just predicting where price is going to go and we're making

money when we're predicting it in the right direction the cool thing about day trading is that we can actually make

money where the price is going down or going up so unlike holding stocks if price goes down while you're holding the

stock you're going to be losing money versus with day tring if we predict price is going to go down we can make

money when price goes down and vice versa we can make money when price is going up now there are many different

components that go into predicting where price is going to go and we're going to get to that later on inside this video

but basically we can just look at specific patterns and usually inside the market patterns will repeat itself and

like I said we'll get into that a little bit later on inside the video so stay tuned let me answer some frequently

asked questions that a lot of new people end up having before we even get into the trading part itself how much money

is needed to start day training honestly now you really don't need much you can start off with 200 300 400 even $500 I

always suggest for people to have at least $500 put aside to start with this but you could start with a lot less

amount if you wanted to and I'll get into a cool trick for you guys later on in this video where you can take $200

and get access to over $100,000 to trade with how much time do you need to be able to trade every single day a lot of

people think I sit on the charts and look at it for 5 6 7 8 9 10 hours a day when in reality I'm probably looking at

the charts maybe 30 minutes every single day and I try and help everybody get to that same point we don't want to be

sitting in front of the charts every single day we want to be able to trade in the morning make our couple hundred

couple thousand dollars go live our life enjoy our life with our family go do the things that we love to do so that's why

realistically you don't need much once you learn the skill now obviously trying to learn the skill is going to take a

lot more time than just 30 minutes a day but once you get it and get all the education realistically you don't need

to trade long at all how long until you can start making money that's a great question and it really depends on how

much work you put in and how disciplined you are I've had people that have started making money consistently within

a month of learning this and I've also had people where it's taken 8 9 10 even 12 months to start consistently making

money in this it really comes down to how much work you put in and how disciplined you are when it comes to

this trading game now what kind of equipment will you need a lot of people think you need a super fancy computer

they think you need a $10,000 computer gaming computers whatever they think some crazy things when in reality you

can use a regular old laptop if as long as it has Wi-Fi and it turns on you can trade with it you can even use your

phone you can use an iPad now I don't suggest you using your phone especially in the beginning because it's hard to

learn and understand the charts on such a small screen but you technically could you don't need any crazy equipment at

all I guarantee you if you have a laptop that has Wi-Fi and it turns on you can start trading can day trading be your

main source of income 100% I make multiple six figures every single month from day trading and I

technically could have it as my main source of income the only thing that stops me from doing that is because of

the fact that I only trade for 30 minutes a day so I kind of want other things to do throughout the day so I end

up getting into other Investments I end up starting other businesses I start doing other things to make me even more

money because day trading makes me a good amount of money in such a short amount of time I have so much more day

to go so let's get into the fun stuff here there are multiple different types of Industries that you can day trade in

we have the Futures Market we have the Forex Market we have the crypto Market we have the stock market we have the

options Market there are so many different things that you can trade but those are the top five ones that most

people end up trading now keep in mind I mainly trade Futures and Forex I also trade a little bit of crypto but for

this video I'm going to really break down Futures and Forex Trading but keep in mind everything I go over in this

video is universal to every single thing every single industry that I just mentioned whether it's Futures Forex

stocks options crypto what I talk about in this video can be applied to every single one of them once you learn this

skill you can end up making money in every single environment of trading like I started off in the Forex market and

the crypto market and since I already knew how to trade in the Forex and the crypto Market I was easily able to

transfer over into trading Futures and also trading options now keep in mind stocks is a little bit different you

need a lot more money to to day trade it cuz remember day trading we're getting in and out basically every single day

we're not holding this for years and months and and things like that but Forex Futures and crypto and options

trading you don't need as much money and you can get in and out of these pretty fast during the day it's also important

that you figure out what type of Trader you are there are three different types of Traders there are swing Traders there

are scalpers and there are intraday Traders and basically the difference between all those is really just how

long you're in each trade us as day Traders most of the time like I said we're not holding these trades for weeks

and months and years and things like that we're kind of in and out in a shorter amount of time so scalpers are

in and out of Trades the most they are probably in trades for a couple seconds to like 5 10 minutes max that's what a

scalper is someone that just likes to be in and out of Trades very fast they end up taking actually more trades

throughout the day uh versus someone that's an intraday Trader an intraday Trader will hold trades anywhere between

15 minutes to two hours they're usually holding trades a little bit longer but they're not holding them past a whole

day they're most of the time going to be in and out of them within 10 15 30 minutes all the way up to like I said 2

3 hours that's what an intraday Trader is now a swing Trader is someone who would hold trades for hours sometimes

even days but most of the time they're holding these trades for a couple of hours minimum or a couple of days so you

need to figure out with your personality if you would be a better fit as a scalper an intraday Trader or a swing

Trader keep in mind all the strategies and all the information I go over inside of this video can apply to all of them

you would just have to change the time frames and the way that you're trading it but you can use the same price action

and the same knowledge but understand what type of Trader you are based off of your personality and your trading goals

okay so getting into trading itself you're going to hear me use the word pays you're going to hear me use the

word instrument and this basically just means the asset that we're trading the thing that we are actually trading

itself I'm going to give you guys the top five most popular ones I'm also going to give you guys my favorite ones

in both the Forex side and the future side so you guys can kind of understand exactly what we're looking at and so you

guys have some examples of things you might want to go and start researching and start looking at maybe practicing on

okay so here on the future side if you guys can see we have the top five really most popularly traded ones I'm not going

to lie natural gas is not a top five popular one but it's one of my favorite ones to trade so I put this in there but

basically we're able to trade the Futures S&P 500 the terer symbol is es and basically all tier symbol means it's

just the shorter version of the asset or the instrument or the pair that we are trading when we're going and trying to

find these pairs and try and find these instruments on the different platforms that we'll go over later on inside this

video you can just instead of typing out e mini S&P 500 you could just type in these ticker symbols and it's a lot

faster and a lot easier but the top ones are ES which is the S&P 500 we have NQ which is the NASDAQ or Nas 100 we also

have ym which is the Dow Jones we also have gold which is the ticker symbol for that is GC and we also have natural gas

Futures the the ticker symbol for that is ngg now keep in mind these three top ones are the top three traded ones

really in the Futures market for the most part the S&P 500 being the most traded one it's a good starting one to

start practicing on the P 500 if you do want to get into Futures Trading but a lot of people like trading gold as well

and I absolutely love trading natural gas my top two favorite ones realistically is going to be NQ and NG

NG is also a great one to start with if you are a beginner because it moves very slow so if you're a new Trader you're

just learning it you don't want to kind of get psyched out and confused and kind of th thrown all over the place because

NQ ym and Es can all move pretty fast if you're not used to it now on the Forex side so Forex is always going to be

currency payers so it's going to be Euro USD which basically just means the euro dollar versus the US dollar same thing

with gbpjpy it's going to be the Great British pound versus the US dollar and it's the it's the price discrepancy

between each and every pair that you see here so we have Euro USD which is going to be the most traded one we have GBP

USD as well we have GBP JPY we have USD JPY and we have USD CAD now keep in mind I put down here as well these three are

basically the same as these three up here Nas 100 is the same as NQ it's just the Forex version of NQ we also have SPX

100 or S&P 500 which is the same as es on the future side then we also have us30 which is the same as ym on Futures

so just keep that in mind now my top three favorite ones when it comes to trading Forex Pairs and Forex currencies

is going to be GBP USD GBP JPY and USD CAD a great one to start off with if you are a beginner though just to get used

to it is Euro USD because it moves a little bit smoother and a little bit slower than all these other ones so if

you're a new Trader it's really cool to start it it would be pretty smart to start on your USD just due to the fact

that this is a nice pair for beginners it's smooth and it's slow now I went over the top five in the Forex and the

Futures Market but keep in mind there are so many things that you can trade when it comes to Futures and Forex

honestly you can trade Futures corn like you can trade the price of corn you could trade the price of Liv stock you

can trade it's it's a crazy amount of things that you can trade but you shouldn't get too confused with

everything that you can trade it's cool if you start off with the ones that I recommended CU like I said they're going

to be a little bit more beginner friendly versus you trying to guess the price of freaking wheat and corn and and

things like that on your charts so keep in mind there's so many things that you can trade but try and not get caught

with that gold flashy syndrome where you keep chasing every single thing that you see but just try and focus on one thing

Max so that you can just get used to trading and used to reading charts so now that you guys know the most popular

pairs whether it comes to Forex or Futures you have to be aware of the fact that certain pairs or instruments will

move more at certain times of the day and that's because these things called trading sessions so the market is really

moved by these huge bankers and these huge um funds that are actually buying a lot of things and selling a lot of

things that's why you see prices of stocks or cryptos going up or down it's not us it's not you with $200 or

somebody with even a million dollars buying or selling something that's not making the price move it's people that

are buying hundreds of millions of dollars worth of these things that's making price go up or down and the

reason why that's important is because at certain times of the day these people are working these people are actually

looking for setups and it's important to understand their trading session and trading sessions overall so that you can

know when you should be trading certain things and when you should not be trading certain things because like I

said at certain times of the day let's say for example NQ will move a lot more than at the middle of the night it won't

move a lot so maybe you shouldn't trade it when it's not moving a lot maybe you should only trade it when it's moving a

lot and to understand that you have to understand trading sessions so let me show you guys what are the main trading

sessions so you can be aware of when you should be trading specific things so as you can see on our screen here London

session starts at 2:00 in the morning Eastern Standard Time and ends at 11:00 in the morning Eastern Standard Time

that just means that really anything that has to do with with London or uh GBP if we're talking about Forex so if

you're looking at any pair that's like gbpusd or GBP JPY any pair that has GBP in it it's going to move the most during

that time window of 2:00 a.m. to 11:00 a.m. eastern standard time now the next session is New York session and New York

session starts at 8:00 a.m. eastern standard time and ends at 5:00 p.m. Eastern Standard Time so there's a

window from when London session and New York session are actually overlapping and that's from 8:00 a.m. to around

11:00 a.m. that's when London session and New York session are in effect and that's when there's the most volume

inside the markets that's when most people trade that's when I end up taking trades because there's so much volume in

the markets there's so much price movement in the markets it's easy to make a large amount of money in a small

amount of time just because there's so much volume but like I said New York sessions from 8:00 a.m. eastern standard

time all the way up till 5:00 p.m. Eastern Standard Time now Tokyo session is the last session really of the night

and it starts at 700 p.m. Eastern Standard Time and ends at 4:00 a.m. eastern standard time now keep in mind

New York session is really when you going to have the most movement in basically every single currency whether

you're trading NQ es Ng any Forex pairs any Futures pairs it's it's all going to happen within New York

session for the most part and most of the time during that 3-hour window when New York session and London session

overlap now onto Tokyo session realistically there's not a lot of volume in Tokyo session it's only on

specific Forex pairs that have JPY in it so if you're trading USD JPY or GBP JPY or anything that has JPY in it is going

to be a little bit of volume during that time but to be honest it's not a lot of volume during Tokyo session and that's

just due to the fact that all the other sessions are kind of off at that point London session and New York session are

not happening and the Tokyo Market realistically is not that large so there's not a lot of price action during

that time now it is possible to make money and I do know people that are making a killer amount of money in Tokyo

session but it the market just moves a little bit slower during Tokyo session okay boom so now that y'all understand

Pairs and sessions now we have to get into the super super fun stuff this is the type of information that's going to

help you make hundreds thousands and multiple thousands of dollars with day trading I told you guys day trading is

all about using analysis and analyzing the market to see if price is going to go up or price is going to go down so we

can make the best guess possible to end up making money inside of the markets so there are two main type of analysis that

day Traders use we use fundamental analysis I just missed my finger we we use fundamental analysis and we use

technical analysis is fundamental analysis all that is it might sound weird or like you never heard of it

before all it really is is news events or any like news thing that happens that has to do with that pair or that

currency or that stock or that crypto that you're you're looking at or trying to trade what that could be is let's say

Tesla a car just blew up a Tesla car just blew up odds are Tesla stock is going to end up going down or if

interest rates come out that's going to affect the markets either good or bad depending on what number came out or

like when we had the covid-19 like that heavily affected the markets it's just any news event that has to do with like

real life things that could either indirectly or directly affect the thing that you're trading and what I mean by

indirectly is like if God forbid a World War frein 3 happen that would indirectly affect the market because it's not

specifically anything towards the market but it's something against people and people get scared end up moving money

around so it affects the market now obviously there's more direct things where like if Delta loses 20 planes and

100 people die God forbid on plane crashes the Tesla stock is going to drop or if Nvidia comes out and says they

made $100 million more than they thought they were going to make their stock price is going to go up that's all

fundamental analysis is as a day trader we we are conscious of it but the main thing that we use to make money and

predict where price is going to go is technical analysis and technical analysis is simply looking at charts

looking at patterns in the charts looking at the candlesticks looking at all the different things on the charts

and using that to predict if price is going to go up or down based on previous patterns now it's extremely important

that you understand technical analysis cuz with technical analysis that's how I'm able to predict if price will go up

or down and how I'm able to make thousands of dollars every single day by simply memorizing these patterns

understanding these patterns having an eye for it and acting when I see these things happen now in this next section

I'm going to go over everything you need to know about technical analysis and I'm going to show you guys what website to

use how to understand candlesticks how to predict price I'm going to give you guys the full in-depth thing I told you

guys I'm going to give you guys all the information that you guys need to be able to start day trading so let's hop

into these charts all right so here we are on trading view trading view is going to be your best friend as you're

getting into trading this is where every Trader comes on to be able to look at any stock any indic any crypto anything

and markup their charts to be able to predict where price is going now keep in mind trading view is completely free you

can have paid versions of it but as a beginner you can just create a free account on it and you're basically able

to do everything you need to do in the beginning of your trading Journey so just come over here to tradingview.com

now once you do that you can come over here to hover over products and just press super charts and it'll take you

into a chart that basically looks like this now keep in mind this you've probably seen this if you've watched any

videos on trading or even have just been on social media it's a bunch of people that kind of post these type of things

this is called a chart this is what we as Traders look at to be able to predict if what price is going to do whether

it's right now in the next 10 minutes in the next 5 minutes in the next hour the next day week year whatever it is this

website is extremely vital for that so you need to get extremely comfortable with it and I'm going to help you do

that I'm going to break down exactly what all these things are and what you need to know about trading view so let's

get started so first of all starting off up here this panel right right here just has a bunch of different tools think of

it as basically this whole screen is just a drawing board and all these things right here can help you draw on

it you have a line that you can just draw you can change the colors of it if you want you can hit drop downs over

here to have different things as well um same thing over here A bunch of different tools for you guys to use

don't worry about all these things you don't have to worry about majority of these things all you're going to have to

worry about is um certain things that I'll show you I'll point it out for you guys um but we have these over here you

can hit drop draw Downs on all these you can draw on the chart if you want to you can realistically do whatever the heck

you want to do on the chart but the main tools you're going to end up needing is this Crosshair first one then we can

have this uh drop down this line this trend line you're going to need that so what you can do when you create your

account on trading view is hit the star next to the trend line and it'll basically add it to your favorites and

it'll pop up here so I have mine for trend line I have mine for horizontal line and I have mine for horizontal Ray

they're all just different type of lines for the most part and then on this drop down right here there's nothing really

that I have this one on here I don't have anything right here I have long position and short position you can put

a star next to those and basically all these do is you'll press basically this for example would be where you would

enter a trade at this top part would be where you think price is going to go to and this bottom part would be where you

would want to exit a trade if you're it's not going your direction just to help minimize miniz your your losses and

we'll get into that a little bit later on but I just want you guys to be aware of these things now I have a brush um

favorited on here as well as a rectangle and a path you can do that as well as you guys see it's just all the um the

favorites that I had up here which is mostly just the things that I end up using on a day-to-day basis just so I

don't have to go through here and click through it just to find it but that's basically all what these tools are now

over here to the top left corner this is what pair you're looking at or what instrument you're looking looking at you

can click on it and you can type anything you want if I want to type Bitcoin I can type Bitcoin if I want to

type ethereum I can type etherium if I want to type us30 like we talked about I can type in us30 GBP JPY you'll see a

bunch of them and what you'll see is the ticker symbol over here to the left you'll see their full names right here

and you'll see what platforms that they're on now keep in mind don't be too concerned about these and the platforms

that they're on as of right now these just cuz sometimes the the price will differentiate by a little bit so GBP JPY

on the aanda platform might be $10 different than the GBP JPY on the FX CM platform but just starting off you don't

have to worry too much about that for the most part you can use either one of them but if you look over here to the um

right of the name a little bit more you see numbers right now it might look a little bit different for you you might

have different numbers this is just the ones that I use for the most part and basically all these these are are what

we call time frames so this 1 m means 1 minute time frame 5m means 5 minute time frame 15 minute 15m means 15 minute time

frame hourly 4 Hour daily that kind of stuff you can hit this drop down and basically click anything that you want

at that point and basically all that means when we click on those time frames it just means each and every one of

these candlesticks represents what's happened in 5 minutes because I'm on the 5 minute time frame if I go to the one

minute time frame each every one of these candlesticks represent what happened in one minute and so on so on

so on like I said we can go up to the 15-minute hourly daily time frame and I'm going to go over exactly what

candlesticks are in a little bit but I just want to finish going through trading if you guys understand how to

use it so right here as you can see there's these things called indicators and basically indicators can be little

tools that can help you in your trading it can show you really what price has done the past couple days or so with

certain indicators if you click on indicators you can actually see a bunch of different ones on here if you want to

type in anything that you might see on social media you can type in up here there are a bunch of different

indicators to be honest with you guys I'm not really a huge fan of indicators I just use the IND indicator that I

personally made as well as one other indicator called kill zones and all Killzone does it shows me on the chart

when New York session starts Tokyo session starts and London session starts so I don't have to go back and see okay

this at 12:00 this is London session it just shows me on the chart so it just makes it a little bit easier for me

that's all all Killzone does um but here you can use your indicators and when you press your indicators it will just go

onto the chart and things like that but right now we're not going over indicators or go over that a little bit

later now you can add indicator templates if you want this right here is an alert button which is extremely

powerful I told you guys I really only trade for like I'm really only on a charge of like 30 maybe 35 minutes a day

a lot of the times a lot less than that and the reason being is cuz I utilize alerts alerts are extremely powerful

because I don't have to sit here and watch the chart 24/7 I can press here and set an alert and when price gets to

a certain um number or if price does a certain thing or if a stock does a certain thing I'll get a notification

right to my phone I'll get it on my phone I'll open up the chart I'll see if I want to buy or sell I'll buy and sell

and then I'll sit in alert if I at certain areas if I want to close my trade there or close my trade there it

doesn't matter I'll have an alert that way I don't have to look on the charts the entire time I'll just get

notifications sent right to my phone so I can act when I get those notifications without having to wait here this entire

time but that's what the alert does now there's this replay feature right here this is extremely important when you

want to start practicing trading this is what we use to back test and I'm going to get into how to back test so you get

comfortable with the charts later on inside this video so make sure you stay tuned because back testing is a huge

part of all this and this replay feature is exactly how we're going to do it now to to the right over here we have

different our watch list for the most part so if you know that you want to trade gold right you can type in GC as

we talked about before that's gold Futures and we can press that and it'll go right onto our watch list that way we

don't have to type in every single pair that we want to trade every single time we want to look at the chart we can just

come over here to our watch list and click through it just like that it makes going from Pair to pair to pair way

easier and way faster now that's realistically all you have to know on the chart for the most part as far as

trading View and how to use trading view you can right click on your chart and go to settings you can change the colors of

the candlesticks if you want instead of it being green which means goes it's going up and red which means it's going

down you can change it to purple and blue you can change it to white and black you can do whatever you want to do

at that point and kind of just play around with the settings in here keep in mind I don't really play around too much

with the settings um I'll change the color of my candlesticks that's really about it I don't really change anything

else in here for the most part but feel free to play around with it if you guys have a color preference if you want but

I think in the beginning it just makes sense to just stick with the normal colors of green and red but like I said

for the most part that's kind of a all you need to know about trading view now let's get into understanding exactly

what we're looking at what are these candlesticks what do they mean and how do we use these candlesticks to be able

to know if we should buy something or sell something so let's break down cand candles sticks candlesticks are probably

the most important thing that you're going to need to know when it comes to technical analysis really when it comes

to trading overall I made a nice little drawing here obviously these are real candlesticks this is my drawing as you

see they're all different shapes and sizes all different colors but I'm going to break down exactly what these mean I

know when I was first starting off trading and I was trying to learn it everybody made it super complicated I'm

going to make it extremely simple for you guys there's two things when it comes to candlesticks we have the body

and we have the wick the body is the the this thick part the fat part whatever you want to term it as and then we have

these lines right here these skinny lines these are called the Wicks body and the Wix all the body means is that's

where price opened at and then that's where price closed at and what I mean by that is remember how we talked about

what specific time frame we're on if we're on the one minute time frame that means all these candlesticks represent

what's happened in the time of 1 minute if we were on the 5 minute time frame these candlesticks would represent what

happened in a 5 minute span so when I say we're on the 1 minute time frame and we're the body shows us the open and the

close of that Candlestick that basically means at the start of 1 minute so let's imagine right now where's my my text

tool let's imagine it's one1 p.m. right this is 101 p.m. this next Candlestick would then

be here we go this next Candlestick would then be 10:2 p.m. then the next one would be 103 and 104

right but at the end of this 101 Candlestick price opened right here on a green Candlestick or a bullish bullish

means it's going up bearish means it's going down so on a green Candlestick or bullish Candlestick the bottom of the

body is where price opened up at that means at 102 exactly this is where price was because the last price ended right

here the last Candlestick ended right here now the top of the body represents what price ended at exactly what number

price was at at the end of 102 p.m. now the Wicks just represent what's happened during that entire span so just

because this 102 Candlestick opened or started right here and it closed right up here that doesn't mean price didn't

do anything else throughout that time but throughout that time of 102 right price the Wicks represent where price

has went throughout the entire time so so that means at 102 in maybe 10 seconds it came down here at 102 and 50 seconds

it came up here at 102 in freaking 43 seconds it was right over here this it just represents the highest of where

price was at the top of the wick represents the highest of where price was at during that Candlestick the

bottom of the wick represents the lowest of where price was at on that Candlestick now same thing vice versa

with bearish candlesticks or red candlesticks except we're switching it so we know the bottom of B bullish

candlesticks is where price started at at 102 p.m. price was right here and right here basically means if we look

over to the right it was at on this specific example it was at 19870 right you guys can see it towards

the right of the my mouse 19870 that's where price was at when 102 started and then at the end of 102 price was at

19 956 but then remember this is our 103 Candlestick I told you guys it's vice

versa so so because it's going down that means the top of the body of our Candlestick here right here the top of

the body of our bearish Candlestick means that's where price started at 1:3 p.m. this is where price was at the

bottom of a red or a bearish Candlestick is where price closed at that means at the end of this

103 Candlestick price was right here which is at whatever number that is and the same thing with the Wicks throughout

this entire 103 Candlestick price could have went all the way up up here could have been down here all the way up here

it went all the way down here throughout this entire Candlestick it's done all this it's been all the way through here

but it opened here and it closed here same thing with this additional red Candlestick this would technically be

the 104 Candlestick where price started right here and it went down more and it ended up at the end of 104 it closed

right here this is where price was at the end of 104 same thing with the Wix that just means price went up or down in

that range so hopefully I was able to make this is pretty clear for you guys I know for me in the beginning it was like

one of the hardest concepts for me to grasp so I try and make it as simple as possible for people by just letting

people know bearish candlesticks the body means where that's where price started at that time the top of the body

is where price ended at that time now with bearish candlesticks it's the opposite the top is where price started

the bottom was where price ended at and all the Wicks mean on all the candlesticks that just means what price

has done where price has price could have been anywhere in this range throughout this entire Candlestick this

entire Candlestick but when the Clock Struck 103 p.m. price ended up ending right up here so that's how you

understand candlesticks and like I said obviously there are bunch of different shapes and sizes cuz price can

realistically do anything if we look on the charts here same thing right here we can see all these green candlesticks

this is where price started this is where price ended the Wix is where price has been throughout this entire time

same thing with these red candlesticks price started right up here price ended right down here the Wix is where price

has been throughout this one minute candle because remember we're on the one minute and keep in mind if we go to the

15-minute time frame we'll see the exact same thing we'll see let me turn this indicator off we'll see the exact same

thing except the candlesticks will look a little bit different um rather than if we were

looking on the one minute time frame because each and every one of these candlesticks let's say because this is a

15-minute candlestick let me just show you guys right here so if I put a box around this 15-minute Candlestick let's

just make this white so everybody can see it easily so this is one 15-minute Candlestick but keep in mind this is a

15-minute Candlestick so that means if we go to the 5minute Candlestick there are three different boxes that are

inside this 5-minute Candlestick just like this this is the three boxes that's in that five-minute

Candlestick uh sorry that's in that 15-minute Candlestick just because we went to the 5 minute time frame now if

we go to the 1 minute time frame we'll take one of these candlesticks right

here one of these candlesticks is a 5 minute time frame or one is a 5 minute Candlestick sorry if we go to the one

minute time frame these are all the candlesticks that happened in um a 5 minute span so you'll see the same price

action on a 15minute or 1 hour or a 5 minute uh Candlestick but the lower time frame you you go the more in detail you

get to see what happened in it because like I said we're able to go just more in depth in what's happening during that

15 minute if we go down to the 5 minute we can see exactly what happened at um 355 if we go to the one minute we can

see exactly what's happened at 358 357 356 you can even go to Second candles second Candlestick time frames if you

want I don't really do that it's kind of too fast for me I'm not going to lie um but sticking to these candlesticks and

understanding what each and every one of these candlesticks means is extremely important so hopefully I was able to

break it down simply enough for you guys to understand exactly what you're looking at remember it's always going to

be different shapes and sizes because price does something else something new every single Candlestick so now that you

guys understand candlesticks and what each Candlestick means that is a very very valuable skill to know not a lot of

people in the world know that and if you know just that what each Candlestick means and represents what the body

represents what the wick represents you can actually start trading just with that now that's what some people like

call Price action or just Candlestick trading I don't really do that too much but it is something that a lot of

Traders use and the reason why it's so powerful is because since we know what Wicks mean and what bodies mean and all

that different type of stuff we can look at a Candlestick and be able to guess the next two or three candlesticks and

see what price is going to do for example with this example right here we see we have red candlesticks going down

we have a bunch of red candlesticks going down then we have a small body right here with a small Wick to the top

and a long Wick to the bottom that means and that shows us that price tried to come down here but just couldn't stay

down here it tried to come down here but couldn't stay down there so it ended up closing up here which means and this is

how I like to word it and kind of how I teach people that are kind of younger I say price was scared of down here and

when price is scared of down here that means in reality price is probably going to end up going up and that's exactly

what happened we saw this Candlestick with a small body here and and a small Wick at the top but a huge Wick at the

bottom price tried to be and stay down here but it just couldn't so it ended up coming back up here and as we see if we

zoom out price just continued to go up so that's one way you can use it if you find candlesticks that look like this

another way is understanding if you see small candlesticks in comparison to the other ones we see we have this huge

green Candlestick keep in mind anytime you see a huge full body Candlestick something like this that doesn't that's

big and it doesn't have a lot of Wicks at all that's a high probability that the next couple candlesticks are going

to continue to go up um or vice versa if we see one like this a red one next couple candlesticks are going to

continue to go down so we see this and we're like okay price is probably going to continue to go up but then we see

these small red candlesticks and what these small red Candlestick means or any type of they could be green as well it

just means uncertainty when there's a small body but kind of equal Wicks at the top and equal Wicks at the bottom

that means like the wig size is basically the same that just means there's uncertainty that means that

price doesn't know if it's going to continue to go up or continue to go down same thing happened here we had Wicks at

the top Wicks at the bottom that are basically the same size and a small body so price was just uncertain and then the

next Candlestick we had a more certain body where we had a huge body and smaller Wicks and we see price continue

to go up same thing this is another great example right here where we see a huge body small Wick at the top and big

wick at the bottom if we remember what I just said before price is scared of down here price tried to go down but it

couldn't and it ended up going up that means realistically it's probably going to continue to go up and as you see it

continued to go up now Vice Versa on the other side I showed you guys examples of where price was scared to go up um now I

can show you guys an example where price was scared to go down where we were going up then we see a lot of small

candlesticks any single time you see small candlesticks that just means price is uncertain there's uncertainty there

so because there is uncertainty there um the next Candlestick we had where price tried to come up here we see that Wick

where price tried to come up here but it was scared of up here so it ended up going down we were able to have a nice

sized body going down with not so big of a wick going down and that shows us and told us that price is going to end up

going down even more and that's what it ended up doing before going back up so just being able to know what

candlesticks um look like and and understand what the bodies mean and the Candlestick Wicks represent it can help

you out a lot just with that information now there's obviously a bunch more things We'll add on to it as we go

further along in this entire tutorial but that's a good starting base to understand and just be able to look at

candlesticks and be like okay if I see this Candlestick the next one probably will continue to go up or the next

couple ones will probably continue to go up or if it's going up for a lot and then we see a bunch of small

candlesticks that just shows us that price is probably going to end up going down for a little bit that kind of thing

so candlesticks are a huge part of training but you also have to understand market conditions you have to understand

what type of Market we are in price never goes straight up right same thing price never just goes straight down

price always does these little ranges where it go up down up down up down up down that kind of thing right now this

is what we call a trending market for the most part this is um where price is making higher highs

and higher lows if you guys hear that analogy come out or if I say that analogy at all all that means is that

price went up and it created a low then it made a higher high because this high right

here is higher than this previous high that means this high and this High created a higher high now this low is

right here and then right here we create a higher low same thing right here higher high higher low higher high

higher low and then by Versa if we're going down it's the same thing except we have

a low then we have a high then we have a lower low then we have a lower high lower low and a lower high again so

that's when you're kind of able to tell if we're in a trending Market when you're seeing higher highs and higher

lows or if we're we're we're in a bullish trending Market sorry or if we're in a bearish trending Market cuz

remember bullish means we're going up bare means we're going down so let's delete all of this off my screen um but

there are also times where pric is in a consolidation and all consolidation means or a range means is that price is

just going up or down right it's just going up or down it's not really making higher highs higher lows it's just

really going up or down and staying in what we call a consolidation or a range which just means that price is staying

within a range now the reason why that's important is you need to understand certain strategies will work better in

trending markets versus consolidation or ranging markets and we'll get into my favorite strategies and the best

strategies for beginners a little bit later on inside this video but you need to understand market conditions and the

trend that market is in right now so you can understand how to trade it so you can make the best decisions because you

don't want to be trading a strategy that works great in a trending Market when we're in a Consolidated Market you don't

want to be trading a strategy that works great in a consolidating market more more in a trending market so it's

extremely important to understand what those are now we also have markets that are called I like to call them breakout

markets and basically it's the same as ranging markets except sometimes it'll range and then it'll break out so we'll

be going up it's it's really a hybrid between ranging and um trending markets so it'll go up then it'll range for a

little bit you see we're in a little bit of a range and then it goes up and then it'll come down range for a little bit

and then it'll go up and break out to the upside now the same thing can happen to the downside where we can be going

down then it can range for a little bit then break out to the downside then range for a little bit then break out to

the downside again so there are the three different markets the main ones really are the consolidating market

which is the ranging market and we have trending markets then also we have what I like to call a breakout Market which

is really a hybrid between a consolidating market and a trending market so now that we understand exactly

what technical analysis is we understand candlesticks we understand Candlestick patterns we understand typ of type of

markets now it's time to go over indicators I kind of explain to you guys that indicators are a little bit of a a

cheat code or tools that can be used to help you in your analysis of the market a lot of technical analysis uh Traders

will use certain indicators to help with their strategy so in this segment I'm going to go over what indicators I

personally use and which indicators I would suggest for you guys to probably try out it might help you out in the

beginning of your journey or if you are just trying to get used to trading and need a little bit more help on

determining if price is going to go up or go down I'm going to show you guys which indicators I personally suggest

you guys can feel free to look up any other indicators but to be honest with you guys indicators are not going to

make a break you I personally rarely use indicators and I'm a very successful Trader I know a lot of successful

traders who don't use indicators a lot and I also know some successful traders that do use indicators and their whole

strategy is based off of specific indic indicators but I want you guys to be aware of indicators that you guys can

test out for yourself and see if it's something that you want to have for you guys to be able to use in your trading

but like I said it's not a necessity you don't need indicators but it can help you so let's Happ to a couple indicators

that I personally like so here if we come over to indicators we can type in really any indicator that we want we can

type in moving average which is you've probably heard of a moving average before which is what a lot of people use

basically all a moving average is it's a line you see the line popped up on my chart here as soon as I pressed it it's

this blue line right here but it basically just tells me what price has done over the past couple candlesticks

and what I mean by that is we're on the 5 minute time frame for the most part um if I double click on the moving average

or if I hit this drop down right here next to Ema or whichever one you had clicked this is where all your

indicators would be under this drop down but if you click this little setting symbol you can actually come in here and

change the numbers up so for moving average keep in mind I really use moving averages too much but a lot of Traders

use them and you guys probably should test them out for yourself but what this length means basically it just means the

amount of candlesticks that is taking the average of the moving average just takes the average price of what where

price has been over the last blank number of candlesticks now in this instance the length is nine which means

the last nine candlesticks the price of where the average of where price has been over the N last nine candlesticks

is where this line will be if I change this to 50 you'll see it move when I press okay and now it's taking the

average price of the past 50 of these candlesticks and keep in mind one the 5 minute time frame so it pass 55 minute

candlesticks now I can do the same thing on the hourly time frame and you guys will see the moving average here you see

it's in a different area that's cuz it's taking the the average price of where price was over the last 50 candlesticks

but instead it's 50 hourly candlesticks which is a little bit over uh two days that so the moving average is something

that a lot of people use and a lot of people use the moving average where if price sells or goes below the moving

average they'll just open up a sell or if price goes above the moving average they'll open up a buy that's how some

people like to trade it it's a cool tool to have in your Arsenal you could even use it as you would only sell when price

is below the moving average or you would only take a buy setup when price is above the moving average so the moving

average is one of the most popular indicators that a lot of people use so definitely give it out give it a chance

if it's something that you think will help with your trading especially in the beginning being able to tell which

direction the market is going in overall moving averages are great for that and feel free to play around with that

number um you can put it to 10 15 20 you can put it to any number you want just keep in mind um it's just going to move

where the line is because it's only taken based off of that amount of candlesticks and the average price of

that now another can another indicator that I personally like and I kind of told you guys about it is if you come

over here press indicators and type in Kill zones it's by this person named Oscar vs

um I really really like this indicator because it just shows you your trading sessions where it actually started we

talked about trading sessions we talked about what time those trading sessions were and this just puts it onto your

chart for you so the yellow line by default is going to be the London session remember I told you guys London

session starts at 3:00 a.m. eastern standard time I'm in Texas so I'm on Central Standard Time which is an hour

behind Eastern Standard Time so my yellow line starts at 2:00 a.m. Central Standard Time which is 3 a.m. eastern

standard time and my red line right here is when New York session starts which is at 7:00 a.m. Central Standard Time 800

p.m. 8:00 a.m. um Eastern Standard Time and the reason I like seeing this on my chart is it just helps me understand and

see exactly what happened during the last day or while I was sleeping CU I know all of this happened from the

yellow line up until um this red line this is all London session remember there is a time when London session and

um New York session overlap and that time goes up until 10:00 um Central Standard Time right here just like this

so I know exactly what's happened during London session here and I like being able to see that on my charts cuz it

helps me just keep track of of the day as well cuz I know this red line means the start of a new day basically new uh

New York session trading day this red line also means the start of a new trading day so when I'm scrolling back

and looking over previous trades I'm able to see what when the the day changed over basically or when was the

most uh recent session before so I really like kill zones it just helps me visually see the um trading sessions and

for me that's I like it personally it doesn't really help too much with the trading but it just helps me kind of see

exactly and know what I'm looking at on the charts pretty fast now another indicator that a lot of people like and

I personally like better than the moving average is something that called the vwap so if you type in here vwap um

you're going to see volume weighted average price pop up it's very very similar to a uh moving average I don't

know why I didn't pop up my screen here oh go to a different chart really quickly all right so this is a different

chart keep in mind don't don't look at the the candlesticks candlesticks look weird but this is the vew up the the

green the blue and uh the green little area here this is the vew up but realistically the only part that's the

vew up is this blue part it's basically like I said similar to the moving average um what you can do and what I

suggest is to go into the settings over here and under uh Style just turn off the upper band and the lower band and

the bands fill just so it shows the V up make sure just the vop is checked and you can change the color of this if you

want you can make the line thicker if you want you can do a bunch of different things if you want it's just personal

preference but I like only seeing the vwap line on it but I trade it similar and I use it similar to how a lot of

people use the moving average and that's um with whenever price is below the vwap I'm looking for sales whenever price is

above the vwap how these candlesticks are actually above the vwap I'm looking for Buys so realistically those are like

the top three ones I'd suggest for you guys to check out there are obviously hundreds of different indicators but

definitely checking out Kill Zone so you guys get more familiar with trading sessions a lot faster that'll help you

out and then check out moving averages and vwap see if it goes with um kind of your thought process and helps you be

able to determine which direction Market is going in so you know whether you should be looking for a buy buy

opportunity or a sell opportunity now is probably the most important part this is where we start talking about my top

three strategies for all beginners I'm going to break down each strategy I'm going to break down why they work when

you should enter into each trade when you should exit each trade I'm going to go through everything you need to know

about these three strategies that you guys can take this start practicing it so you can UL start making money today

relis from Trading okay so the first strategy we're going to go over is called support and resistance is

probably one of the most fundamental strategies that you guys need to know and simply put it's simply stating that

when price gets to a certain area the chances of it getting back to that area and doing the same thing that it did at

that area is a lot higher so what I mean by that we know price doesn't just go straight up or down or go up down up

down up down up down up down up down that kind of thing right so what support and resistance is is we're seeing okay

cool in this instance price came roughly around this area right here and every time it got in this area right here it

went up as we see here price went up we see here price went up we see price came into here again and went up that is

called a support Zone support is always on the bottom now the same thing can happen on the top we can look right here

on the top we see price got into the same area and every time I got in this area it went down every time I got into

this area it went down this is resistance so support is always on the bottom resistance is always on the top

just think of it as price is being supported up by a support because it's on the bottom and price is resisting

going above something because it's on the top now the reason why this is so beneficial is because we see and we can

be able to predict okay every time price comes in this area it's probably going to go up so we can end up buying when it

gets down here to end up making money on this and capitalizing on the price going back up now Vice Versa with vice versa

with its selling off resistance zones we know price came in here and we can catch it to sell to the downside now that's

the basic of what support and resistance is I'm going to show it to you guys live on the charts as well but that's

basically exactly what it is there's a couple things I want to tell you guys though when it comes to support and

resistance when it comes to any of the strategies that would talk about when we're drawing our zones keep in mind the

reason we draw zones like this and not lines is cuz price doesn't always go exactly where price was at it doesn't

always go right here on this line sometimes it'll go a little bit past it sometimes it'll go more past it

sometimes it'll stop right above it so we draw zones we draw zones around the areas that's why we draw boxes and I'll

show you guys how big or how small to draw your boxes but I want you guys to be aware of that never look for price to

come to the same exact point because that does not happen that's not realistic but also another key point to

memorize with support and resistance is a lot of times if we're taking the same analogy we'll have a support and

resistance Zone imagine price is going up down up down if it breaks above that previous resistance Zone which is up

here in this instance a lot of times price will come back down and that previous resistance will actually turn

into support zones like that so if we draw it out we had a resistance zone right here price couldn't break above it

this time this time or this time then when price finally broke above it a lot of times price will come back down and

treat that same resistance Zone as a support Zone this is what we call a break and retest because it broke our

previous resistance Zone and it came back down to retest it and it treated that that same res previous resistance

Zone as now a support zone now Vice Versa if we have a support Zone down here and price actually comes and breaks

to the downside outside of that zone a lot of times price will come back up and end up treating this previous support

Zone as a resistance Zone and we can catch sells off of that so obviously this is a drawing um let's go on let's

go on the live charts and see exactly what this looks like like in real time right so for instance we see price came

right here now keep in mind we don't just randomly draw zones we have to wait for when price gets to a specific area

and we see a huge rejection off of it as we see right here price is going up up up up up then it got right here and it

end up crashing down selling off hard on it that's what we want to see cuz when we see that then we can go ahead and

take out our drawing and draw our box around it remember we're using the rectangle icon it's over here on the

drop down next to under brush we'll go to rectangle and we draw it and how I like to draw it most of the time I like

to make sure I cover the entire Wick up until the body of the Candlestick that's personally how I like to draw it now I

don't it's not always going to be exact like sometimes it'll be down here sometimes right here it's not always

exact it really just depends because there's another example that I showed you guys where we see price came and

wicked all the way down here the wick came down here and remember in our example about candlesticks when we see a

huge Wick in the direction that means price was really scared of this area so that is also a support zone right down

here so I would draw a box right here but I'm not going to draw my box along this entire thing covering up the whole

Wick and whole body because this box is absolutely enormous so I'll put it I won't put it super skinny but I'll make

it a decent size where it covers a little bit of it and um what that shows you and as you can see we came here this

is actual price action price came down here then it went up and you see it started going up up up up up then it

came back down and we see price again Wicked into here what I mean by Wicked is that just the wick came down here we

have a long Wick to the downside it touched into here and then went up so we could have made money on this entry

because we could have bought it off of here because we saw that last time it came to this area it ended up going up

so this time we know there's a good chance that price is going up now same thing on this one remember I told you

guys we saw a huge volume to the upside price action candles going up then we see a huge crash down so now we know we

can draw a box around here and just wait for price to come here again so if we um just rewind this a little bit and we

just wait and see wait for a Candlestick to come up into the area so we see price touched it

we got we got a Candlestick to touch it we see Wicked tapped into it now we don't just enter for sales as soon as it

tops into our zones that's not what we want to do keep in mind we we're able to this is on the 1 hour

time frame we're able to go down to lower time frames and I'll show you why that's so important but we don't just

enter as soon as it touches here we don't just sell it as soon as it touches here we want confirmation that it's

actually going to respect this Zone we don't we want it to show us that it's actually going to be moving away from