Trading Mastery by Moneytize
Trading Mastery by Moneytize
MASTERY
Unveiling Secrets to
Consistent Profits
Risk Disclaimer
Trading in financial markets can offer significant rewards but also
involves significant risks. You should be aware and willing to accept
them in order to trade in financial markets. Do not trade with capital
you cannot afford to lose, especially when using leveraged
instruments such as Forex, futures, or binary options trading. Please
note that the use of this book does not constitute a solicitation or an
offer to buy/sell stocks, commodities, cryptocurrencies, or Forex. We
do not guarantee that any trader will or is likely to achieve profits or
losses similar to those we have achieved in the past.
You could lose all of your capital quickly due to market trading
conditions, mechanical error, emotional-induced errors, breaking
news, or earnings releases. We cannot guarantee that you will make a
profit by using this book or undertaking our courses. By reading this
book, you acknowledge that we are not providing financial advice, and
any information shared herein is for educational purposes only. You
are solely responsible for any trading decisions you make based on the
information provided in this book.
Office 6, Floor 1, Above First Motors Building,
Address
Al Quoz 1, Dubai – UAE
Introduction
Making profits on a sustained basis is one of the greatest feelings you can
experience as a Trader in the financial markets. There is simply nothing else like it.
That’s because when you achieve financial freedom, you get to enjoy being your
own boss, plan spontaneous vacation, and enjoy a balanced family life.
However, there are many obstacles you have to overcome before you can get there.
Not only do you have to scour the internet for reliable information, get confused in
the tricks of trading gurus, or fear losing your capital to trading signals – but you
also have to self-assess the truth of these risk-disclaiming information providers,
which can be the most difficult challenge of all. All of this can leave you falling well
short of the mark and stop you from ever making profits consistently every month.
We’ve written this book to share some of the powerful industry secrets we’ve
accumulated during our time Trading in the Markets. The information you’re about
to read will help you ensure that you meet your profit goals while making sure you
avoid losing your hard-earned money.
2 simple techniques that you can use to make profits consistently every
month – even if you don’t have any experience,
how to avoid the 6 most common mistakes made by traders – making even 1
of these errors could cost you thousands of dollars and set you back a couple
of years,
an insider secret that can help you make money like banks and institutions –
We are sure that this will completely blow your mind!
The TRUTH about the brokerage industry and why traders usually fail at
making profits consistently in the financial markets.
By the time you’ve finished reading, you’ll have all the information you need to
kickstart your journey to success and an additional source of income.
Page 6
2 Simple Techniques to help You Make
Profits Consistently Every Month
Page 13
Page 18
The 6 Most Common Mistakes Made by New
and Experienced Traders And How You Can
Easily Avoid Them
Page 25
In order to trade with consistent profits, a trader must be able to analyze charts in a
manner that they can:
To understand this concept better, take a look at the video on the right:
Identifying key levels is an essential part of technical analysis for trading. Key levels
refer to specific price levels on a chart that have historically shown to act as
important support or resistance levels. These levels are closely watched by traders
as they can offer valuable insights into potential price movements and help identify
potential trading opportunities.
Here are the steps to identify key levels in chart reading for technical analysis:
For instance, take a look at charts in line and candlestick form for the same
instrument:
If you observe both charts closely, the line chart (outlined in blue) is clutter free, and
helps you easily identify the key levels of support and resistance.
Identifying the behavior of buyers and sellers at support and resistance levels is an
essential part of technical analysis in trading.
Candlestick patterns are popularly used in technical analysis to identify the behavior
of buyers and sellers at support and resistance levels in trading.
Here are the steps to identify the behavior of buyers and sellers using candlestick
patterns:
Identify the key support and resistance levels on the chart using the methods
discussed earlier.
Bearish candlestick patterns, such as shooting star, bearish engulfing, or dark cloud
cover patterns, indicate that sellers are entering the market and are willing to sell at
the resistance level. These patterns suggest that the buying pressure has weakened,
and sellers are gaining control of the market.
The size and color of the candles can provide valuable insights into the behavior of
buyers & sellers. Large bullish candles at support levels or large bearish candles at
resistance levels may indicate a stronger presence of buyers or sellers, respectively.
Additionally, the color of the candles can indicate their strength. Bullish candles are
typically green or white, while bearish candles are typically red or black.
To help you understand the structure of candlesticks, please take a look at the video
below:
The following cheat sheets will give you an overview of the most important
candlestick patterns:
Three Black Evening Evening Doji Bearish Three Three Outside Downside
Soldiers Star Star Abandoned Inside Down Down Tasuki Cap
Baby
In conclusion, candlestick patterns can provide valuable insights into the behavior of
buyers and sellers at support and resistance levels in trading. By looking for bullish
or bearish candlestick patterns, analyzing the size and color of the candles, and
confirming with other indicators, you can gain a better understanding of the market
dynamics and make more informed trading decisions.
Here are 4 reliable, tried-and-tested tools that have helped traders speed up their
journey toward success:
Charting Tool
There are many charting tools available for traders. Among the variety, TradingView
is the most popular and reliable charting tool for traders for several reasons:
it has a large library of indicators, drawing tools, and chart types to help
traders make informed decisions,
TradingView offers real-time data, which means that traders can monitor
market movements in real-time,
A currency strength meter can help traders identify which currencies are strong and
which are weak, allowing them to select pairs with the highest potential for profit.
For example, if the US dollar is showing strength on the meter and the Japanese yen
is showing weakness, a trader may consider buying the USD/JPY currency pair.
Economic Calendar
ECONOMIC CALENDAR
Economic calendars help traders prepare for and stay informed of upcoming
market-moving events, allowing them to adjust their trading strategies accordingly.
By staying up-to-date with the latest economic data, traders can identify trading
opportunities, manage risks, and make informed decisions on when to enter or exit
trades. For example, if a trader is holding a long position in a currency, and a central
bank is expected to announce a rate cut, the trader may decide to close their
position before the announcement to avoid potential losses.
Moneytize offers its economic calendar on a free-to-use basis for traders. To access
it, please visit https://www.moneytize.ae/tools.
A lot size calculator is a tool that helps traders determine the appropriate size of
their trades based on their risk tolerance, account balance, and the instrument
being traded. It assists traders in managing their risk by providing guidance on the
number of units or lots to buy or sell for a particular trade.
By using a lot size calculator, you can ensure that they are not risking more than
they can afford to lose, and they can manage their trades more effectively. This tool
is particularly useful for beginner traders who are not yet familiar with risk
management techniques, as well as for experienced traders who want to fine-tune
their position sizing.
CALCULATE
To use a lot-size calculator that can assist you with your trading activities, please
visit https://www.moneytize.ae/tools.
We’ve put together a list of the 6 most common mistakes made by Traders – as well
as easy-to-follow tips on how to avoid them.
Far and away, the most common mistake traders make is trading
without a plan. We see it all too often - we’ve honestly lost count
of how many people we’ve come across who have made this error.
Trading in the financial markets without a plan can lead to significant losses. Traders
who engage in trading without a plan are more likely to make emotional decisions,
such as impulsive trades based on fear or greed, rather than logical decisions based
on market analysis. This can lead to a lack of discipline, which can result in excessive
risk-taking, overtrading, and ultimately, significant losses.
To avoid the consequences of trading without a plan, you should develop a trading
plan that includes their trading strategy, risk management guidelines, and goals. A
trading plan helps you to stay focused on their objectives and avoid making
impulsive decisions.
In addition, you should always follow their trading plan and be consistent in their
approach to trading. You should avoid making trades based on emotions and stick
to their pre-defined strategy. By doing so, traders can increase their chances of
success in the market while minimizing their risk of significant financial losses.
Trading without a formal education or relying solely on trading signals can have
serious consequences. It can lead to poor decision making, increased risk-taking,
and ultimately, significant financial losses.
Not Backtesting
Backtesting will build confidence in your system. You will learn the ins and outs of
your strategy. From a psychological standpoint, it is important for being profitable
especially because it will help you weather the losing streaks.
Market conditions are constantly changing. They may be trending, they may be
ranging, or they may just be moving sideways. You need to know in what conditions
your system performs best and trade under those conditions.
To handle these market dynamics, you should make a habit of backtesting your
trades before executing them. This involves using historical data to simulate how
the trade would have performed in the past, taking into account factors such as
market conditions, entry and exit points, and risk management strategies.
Backtesting allows you to identify potential weaknesses in your strategy and refine
it before risking real money. By backtesting your trades, you can increase your
chances of success and minimize the risks associated with trading.
Revenge Trading
While not as costly as not backtesting a trade, this one can still
have serious consequences.
Revenge trading refers to the act of trading with the sole purpose of recouping
losses suffered in previous trades. It is an emotional response to a loss, driven by
anger, frustration, and impatience. Traders often abandon their trading plans and
risk management strategies in an attempt to make up for their losses, leading to
more significant losses. Revenge trading can be addictive and may cause traders to
spiral out of control, ultimately leading to financial ruin. Traders should avoid the
urge to revenge trade and instead focus on their long-term trading goals.
Overtrading
To avoid overtrading, you should stick to a well-defined trading plan, set a limit on
the number of trades you make, use stop-loss orders to limit losses, avoid excessive
leverage, and take breaks from trading to clear your mind and reduce stress. By
managing emotions and risk effectively, you can avoid the negative consequences
of overtrading and achieve your trading goals.
Even if you initially place a stop-loss order, modifying it can also be risky.
Changing the stop-loss level can lead to a larger loss than anticipated if
the market continues to move against the trade. Additionally, modifying
the stop-loss level may be a result of emotional or impulsive decision-
making rather than a sound trading strategy.
Taking too many trades based on the same instrument can lead to
concentrated risk, resulting in higher potential losses if the market moves
against the trader's positions. Additionally, overexposure to a single
instrument can result in missed opportunities in other markets, as you
may become too focused on a particular asset.
To avoid the risks of taking too many trades on the same instrument, you
should aim for a well-diversified portfolio, spread across different
markets and asset classes. You should also limit their exposure to any
single asset, set realistic profit targets and risk management rules, and
stick to their trading plan.
It's important to note that not all institutions engage in these practices, and there
are regulations in place to prevent manipulation in trading. However, retail traders
should be aware of these potential strategies and be cautious when trading in
markets where institutions have significant influence.
Now you understand the manipulation, but what can you really do about it?
As a retail trader, you can take several steps to try to overcome potential
manipulations by institutions in trading:
Overall, you need to be aware of the potential manipulations by institutions and take
steps to protect yourself. By doing so, you can increase your chances of success.
A good broker will prioritize transparency, security, and reliable execution of trades,
while a bad broker may engage in unethical practices such as misleading
advertising, hidden fees, and poor customer support. In simple words, a good
broker can help traders achieve their investment goals, while a bad one can hinder
their progress and potentially lead to financial losses.
While it is not prudent to make blanket statements about all brokers, we will go over
some of the common aspects that you must look out for while picking your
preferred broker:
The account setup experience and push to make deposits after lost trades can
reveal whether a broker is prioritizing the best interests of their clients or engaging
in unethical practices that benefit themselves.
A good broker will typically provide a smooth and transparent account setup
experience, with clear and easy-to-understand instructions on how to set up and
manage an account. After experiencing losses, a good broker will not push clients to
make additional deposits without proper consideration and discussion of the risks
involved.
In contrast, a bad broker may prioritize their own interests over their clients,
encouraging impulsive trading to generate commissions or fees. They may provide a
confusing or misleading account setup experience, hiding additional fees and terms
in the fine print. After experiencing losses, a bad broker may pressure clients to
make additional deposits or engage in risky trades without proper discussion or
consideration of the risks involved, putting the client's financial well-being at risk.
Some brokers may provide trade calls or signals to their clients as a value-added
service. These trade calls or signals are meant to provide guidance to clients on
potential trading opportunities in the market. However, it is important to note that
not all trade calls or signals are accurate, and some brokers may use these signals to
mislead traders.
Good brokers may assist traders by providing access to reliable and reputable
sources of market information. They also offer educational resources, such as
webinars or tutorials, to help traders better understand how to trade in the financial
markets. Additionally, good brokers also offer a variety of features such as
customizable alerts and notifications, to help traders stay informed and up to date
on market conditions.
a large number of trade calls or signals in a day. But wait! Why is this bad?
Institutions may engage in price manipulation to create artificial highs or
lows in the market. This can involve creating false or misleading news or
rumors to create market sentiment.
It is important for you to exercise caution when using trade calls or signals. As a
trader, you should be educated well, carefully vet the broker, and should always do
your own research before entering any trades.
Traders must always understand that there is no magic formula for success in the
market, and that trading always involves a certain degree of risk.
This is a sneaky one that brokers can get away with. Most new traders who depend
on their brokers to place trades fall trap to not applying a stop loss to their trades.
Now this exposes you as a trader to significant risk.
For newbies, a stop loss is a risk management tool that sets a limit on the amount of
money a trader can lose on a particular trade. Without a stop loss, the potential
losses on a trade can be unlimited, which can be extremely dangerous for you.
A good broker cares about your well-being and encourages you to trade with a risk
management plan in place. In fact, most reputable trading brokers have a vested
interest in their clients' profits because the more profitable their clients are, the
more likely they are to continue trading and generating commission revenue for the
broker.
In comparison, a bad trading broker who provides trade calls without a stop loss
may have a conflict of interest. They may be incentivized to encourage you to take
on more risk in order to generate more commissions, even if it is not in your best
interest. In other cases, a poorly educated broker may unintentionally do this
exposing you to the potential danger of trading without a stop loss.
Regardless of the reason, trading without a stop loss is extremely bad for you. If a
trade moves against you, losses can quickly pile up and wipe out your entire trading
account.
Traders should always use a stop loss to limit their risk and protect their capital. You
should also be wary of any brokers who encourage you to trade without a stop loss
or who do not place an emphasis on risk management. It is important to work with
brokers who prioritize their clients' safety and success in the markets.
If you’re truly serious about achieving financial freedom, then we have excellent
news. For a limited time only, we’re offering you a free, no-obligation session with
one of our consultants. During your 20-minute session, we’ll discuss your current
situation, what your goals are and how we can help you achieve them using our
proven system.
how you can take your trading win rates above 75%,
what you should never do when trying to make profits in the financial
markets, and
how to avoid all the most common mistakes that traders make which
sabotage your success.
There’s no cost or obligation to move forward with our service afterwards, if you feel
like it’s not for you. It’s simply a free information session designed to educate you
and provide value to you in advance.
To claim your free consultation or find out more information about this limited-time
offer, all you have to do is click the link below:
With this knowledge, readers can overcome the hurdles that prevent
them from achieving trading success."
© Moneytize 2023