Step by Step Beginner Guide for Trading

HamuziNomics
Author: Hamuzi

Welcome

Welcome to this book on trading! I am the author and I want to thank you for
taking the time to read it. I invested a lot of time and effort in the creation of this
book, and I am offering it to you for free because I understand that not everyone
may have the money to invest in a paid course or book. My main goal is to help as
many people as possible learn about trading, and by offering this book for free, I
hope to make this knowledge more accessible to a wider audience.

If you come across any questions or concepts in this book that don't make sense to
you, please don't hesitate to reach out to me on Instagram (@Hamuziprime). I am
here to help and I want you to feel comfortable asking any questions you may have.
Make sure to read through the book carefully before reaching out, and I will do my
best to provide guidance and support. Thank you again for reading, and I hope this
book helps you on your journey to learning about trading.

What Is Trading?

Trading refers to the activity of buying and selling goods and services, typically
through exchange or barter. In modern times, trading often occurs through the use
of financial instruments such as stocks, bonds, and currencies.
Traders may buy and sell these instruments for a variety of reasons. Some traders
seek to profit from short-term price movements in financial markets, while others
aim to generate income through long-term investments. Some traders may also
engage in trading as a means of hedging against risk, while others may use it as a
way to speculate on future market trends.

Traders may work independently or as part of a financial institution, such as a

bank or brokerage firm. They may also trade using various methods, such as
through electronic platforms, over-the-counter transactions, or through exchanges.

Trading can be a complex and risky activity, as it involves making decisions about
the buying and selling of financial instruments based on incomplete information
and market conditions that are constantly changing. As a result, traders need to
have a strong understanding of financial markets, the instruments they trade, and
the risks involved.

Choosing A Broker - First Step

Having a good broker is important in trading for a number of reasons. First and
foremost, a broker serves as the intermediary between you and the financial
markets, providing you with access to the instruments you want to trade. A good
broker should offer a wide range of instruments, competitive spreads, and reliable
execution.

I personally use Hankotrade as my broker because it has small spreads, which is

important for my style of trading, known as scalping. Scalping involves taking
advantage of small price movements in financial markets, and small spreads can
help to reduce trading costs and increase profitability.

As your account grows and you start to trade larger amounts, it may be advisable
to switch to a regulated broker. This is because regulated brokers are required to
meet certain standards and are subject to oversight by regulatory bodies, which
can provide added protection for traders. While Hankotrade is an unregulated
broker, it is still a good option for smaller account sizes under $100k, especially
when compared to other unregulated brokers.
Regulated Broker (Canada, UK, most countries expect
US): https://secure.blueberrymarkets.com/en/auth/create-account?refer=10011MT4-BB-L

Overall, it is important to choose a broker that fits your needs and trading style.
Whether you are a small-scale trader or a large-scale investor, having a good
broker can make a big difference in your trading experience.

If you are interested in using this broker, you can follow the link to create an
account:

https://login.hankotrade.com/register?franchiseLead=MzYxMA==

It's also worth noting that Hankotrade offers the option to practice on a demo
account. This can be a great way to get a feel for the platform and try out different
trading strategies without risking any real money. To access the demo account,
simply follow the link and sign up for an account. Then, you can use the demo
account to trade a variety of financial instruments in a simulated environment.
This can be a useful tool for traders of all levels, whether you are just starting out
or looking to fine-tune your trading skills.

Once you finish registering or stuck then msg me on instagram @Hamuziprime

Then move to step 2.

Creating an Account on Tradingview.com - Step 2

TradingView is a financial charting and analysis platform that is popular among traders
and investors. It provides a range of tools and features that can help users to analyze and
understand the markets, including real-time and historical price charts, technical
indicators, and a wide range of drawing and annotation tools.

There are several reasons why you might want to get TradingView:

Comprehensive charting: TradingView offers a wide range of charting tools and features,
including real-time and historical price charts, a range of technical indicators, and the
ability to customize chart layouts and timeframes. This can help users to better
understand market trends and price movements.

Social trading: TradingView has a large and active community of traders and investors
who share their ideas and analysis on the platform. Users can follow other users, see
their charts and analysis, and interact with them through a built-in social network. This
can be a great way to learn from other traders and get new ideas.

Advanced technical analysis: TradingView offers a wide range of technical indicators

and drawing tools that can help users to analyze market trends and identify potential
trading opportunities. Users can customize their charts with various indicators, such as
moving averages, Bollinger bands, and oscillators, and use drawing tools to highlight
key levels and trends.

Customized alerts: TradingView allows users to set up customized alerts that can notify
them when certain conditions are met on their charts. This can be useful for traders who
want to be notified when the price of a security reaches a key level, or when a certain
technical indicator generates a buy or sell signal.

Overall, TradingView is a powerful platform that can help traders and investors to
analyze and understand the markets. Whether you are just starting out in trading or are
an experienced investor, TradingView can be a valuable tool for analyzing charts and
making more informed trading decisions.

Support And Resistance

Support and resistance are crucial concepts in trading, as they help traders to
identify key levels where the price of a security is likely to experience increased
levels of buying or selling pressure.
Support refers to a price level where a downtrend is expected to pause due to a
concentration of demand for the security. This can be caused by traders and
investors who believe the price has fallen too far and that it is a good time to buy,
or by traders who have placed orders to buy at that price
level.

Resistance, on the other hand, refers to a price level where an uptrend is expected
to pause due to a concentration of supply for the security. This can be caused by
traders and investors who believe the price has risen too far and that it is a good
time to sell, or by traders who have placed orders to sell at that price level.
Support and resistance levels are not exact prices, but rather zones where the price
of a security may experience increased levels of buying or selling pressure. These
levels can shift over time as market conditions and the supply and demand for the
security change.
Why are support and resistance levels important in trading? By identifying key
support and resistance levels, traders can better predict where the price of a
security is likely to go next. This can help them to make more informed trading
decisions, such as when to buy or sell a security, or when to place stop-loss orders
to limit potential losses.

In addition, by understanding how support and resistance levels are likely to

influence the price of a security, traders can also develop strategies for managing
their trades and maximizing their profits. For example, they may look to enter a
trade when the price of a security bounces off a key support level, or to exit a trade
when the price approaches a key resistance level.

Overall, support and resistance are key concepts that can help traders to better
understand and navigate the markets, and to make more informed and profitable
trading decisions.

Support Becoming Resistance & resistance Becoming Support

Sometimes, a level of support can become a level of resistance, and vice versa.
This can happen when the price of a security breaks through a key support or
resistance level and then returns to test that level again.

For example, consider a situation where the price of a security has been in a
downtrend and has hit a key support level. If the price bounces off of this support
level and begins to rise, the former support level may now become a level of
resistance. This is because traders who bought the security at the support level
may now be looking to sell if the price rises above their purchase price, which can
create selling pressure at the former support level.

On the other hand, if the price of a security breaks through a key resistance level
and continues to rise, the former resistance level may now become a level of
support. This is because traders who missed out on the initial breakout may look to
buy the security if it returns to the former resistance level, which can create buying
pressure at that level.

In both cases, the shift from support to resistance, or from resistance to support,
can occur when the price returns to a key level after breaking through it. However,
it is important to note that these shifts are not always predictable and can depend
on a variety of factors, such as market conditions and the supply and demand for
the security.

UnderStanding Candlesticks

Candlesticks are a way to represent price movements on a chart. They are called
"candlesticks" because they look like candles, with a thick part at the top and
bottom and a thin line in the middle.

A bullish candlestick pattern is a pattern that shows that the price of an asset is
likely to go up. A bearish candlestick pattern is a pattern that shows that the price
of an asset is likely to go down.

Candlesticks are useful for traders because they can help them understand what is
happening with the price of an asset. For example, if there is a bullish candlestick
pattern, a trader might decide to buy the asset because they think the price will go
up. If there is a bearish candlestick pattern, a trader might decide to sell the asset
because they think the price will go down.

However, it's important to remember that candlestick patterns are just one way to
analyze the market. There are many other factors that can influence the price of an
asset, so it's important to consider all the information available before making a
decision to buy or sell.

Know your opponents:

The reason why I say, know your opponents is because everything I taught you so
far about support and resistance is how retail traders trade, not the bank. There is
nothing majorly wrong with retail traders, there are some who are profitable. But
their opponents will be the big banks, and instinctual investors who actually move
the market. The truth is the markets are manipulated by those big boys who will try
their best to stop you out of your position. So would you rather buy on support or
be patient and see how the banks stop all those positions out who entered on a buy.
Then once those traders are stopped out the market will continue to move in the
daily bias direction. Making sure you get stopped out before the big juicy runs
happen. So what you want to do is understand Liquidity which will be our best
Lesson here and how I take my trades and increase profitability.
My Trading Style:

My trading style is very simple yet effective. I call it “Smart Hamuzi Concept ''.
I've had many scars and lost a lot of money until I finally came up with this
strategy.

Rule #1 see where liquidity is being generated

Rule #2 wait for liquidity to be taken once you identified the liquidity

Rule #3 wait for a Bullish or Bearish price action after liquidity was taken

Bonus Rules wait for the Bullish or bearish price action move to happen at a POI
area, for example: Fair Value Gaps, Imbalances, and Order Blocks.

Simple as that I just gave you the answer sheet all you have to do is apply it,
people would pay thousands for this information. But I’m giving it to you guys for
free ;)

If you genuinely see results while making great profits and want to repay me:

https://buy.stripe.com/8wM15X398dp197G144

If you did, Contact me on Instagram so I can thank you myself @HamuziPrime

I wish you all the best on this journey. Update me on your profits and losses.