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TABLE OF CONTENTS
Introduction (Page 2)
Chapter 1: The Fundamental Basics
DAY 1: Introduction to Trading (Page 2)
DAY 2: Account creation, knowledge of the platforms and
exploration of brokers (page 4)
DAY 3: In-depth exploration of FOREX, Understanding PIPS,
the Lots and their implications (page 6)
DAY 4: Money Management, Trader Psychology, and Strategy
Stop Loss and Take Profit. (page8)
Chapter 2: Market Decoding: In-Depth Dive into Analysis
Technique. (page 11)
Read a Graph (page 11)
Supports and Resistances (page 12)
Repérer les tendances (page 13)
The triangles (page 14)
Chapter 3: Fundamental Analysis, Trading Plan, and Trading Sessions.
(page16)
Trading Statistics: Fundamental Analysis (page 16)
The best times to trade (page 19)
Establish a trading plan (page 20)
Chapitre 4 : La Stratégies de Trading Rentable,Le Price Action (page21)

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Chapter 5: The Psychological Aspects of Trading (page 33)

General Conclusion (page 35)
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INTRODUCTION

Trading is the activity of buying and selling financial assets such as stocks,
currencies, raw materials, or derivatives with the aim of achieving
benefits. A trading training aims to teach the skills
necessary to analyze the markets, make informed decisions, and manage
the risks associated with these transactions. This training typically includes
concepts such as technical and fundamental analysis, portfolio management
and trading strategies. It is aimed at both beginners and
experienced investors looking to improve their skills in a
constantly evolving financial sector.

Chapter 1: The Fundamental Basics

DAY 1: Initiation

In this simple example, let's take the case of pens. Let's imagine that the price of a
The market price fluctuates, and at one point, it rises to 100 Francs.
Assuming there are about 100,050 pens available on the market. As a
person with significant financial resources, you intervene in
the pen market and buy 100,000 units. There are only 50 pens left
for a population of about 120,000 inhabitants, making pens rare. You
have thus influenced the market to your advantage, naturally causing a
price increase. Assuming that the price of a pen now reaches 150
Francs, as a merchant, you make a profit by reselling your 100.
000 units.

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By extrapolating this reasoning, initially, the price of a pen was 100

Francs. You spent 10 million Francs to buy 100,000 units.
that you keep until the price goes up. Then by selling these
pens at 150 francs each, you achieve a gross margin of 15 million
Franks, generating a profit of 5 million. This process reflects the
functioning of trading: buy and sell, or sell and buy back.

It is crucial to understand that the availability of pens on the market

influence their price. An abundant supply drives prices down, while a
high demand makes pens rare and increases their price. In trading,
this logic applies to financial assets such as currencies (USD, EUR, etc.)
the indexes, the raw materials, the stocks (Google, Apple, etc.) and the
cryptocurrencies (Bitcoin, etc.). Unlike a physical market, trading
is done online through platforms such as MetaTrader 4 (MT4) or MetaTrader
5 (MT5).

In summary, trading involves buying and selling financial assets in the

but to make profits.

In the example of the pens, you manipulated the market to provoke a

price increase. In trading, these manipulators are called 'Market Makers',
financial institutions present in New York, London, Tokyo, and elsewhere,
having considerable resources to influence the market to their
advantage. Retail traders, ourselves included, are more actors
modest on the market, not having the means to manipulate the market to our
advantage, but still seeking to make profits. The
understanding the existence of Market Makers is crucial; without this
Knowledge, the application of common techniques can lead to losses.
However, by understanding how Market Makers operate, you can
trade like them and make significant profits. The goal is to trade
like a Market Maker and being part of the 10% of retail traders who
succeed. It is essential to note that in the financial market, 90% of traders
suffer losses, often because they are unaware of the existence of these
market manipulators.

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Here, we will learn to trade like market manipulators, acting

like small fish swimming with sharks.

DAY 2: Account creation, familiarization with the platforms and exploration

brokers.

As we discussed yesterday, trading involves buying assets

buy when their price is low and sell when their price is higher
sell financial assets when their price is high and buy them back
when their price is lower.

We also emphasized the difference between trading and a market.

physical, explaining that trading is done online via a platform such as
MetaTrader 4 or MetaTrader 5. In the trading market, you can buy
you sell financial assets, but not physical items like pens,
as we illustrated in yesterday's inaugural session.

Financial assets include:

- Les Devises : EUR, USD, CAD, JPY, NZD, ZAR, AUD, etc.
The Indices: CAC 40, NASDAQ, etc.
Raw Materials: Gold, etc.
You can also trade stocks, cryptocurrencies, etc.

Your goal in any of these markets is to buy an asset at a

buy low and resell it at a higher price, or sell the asset when it is at
a higher price and to buy it back when it is at a lower price.

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Let's take the example of the foreign exchange market: the different currencies such as
the USD dollar or the EUR euro have variable values. Your goal could be,
for example, to buy the dollar when it is at 500 francs and sell it later
when it reaches perhaps 600 francs.

Trading takes place on the MT4 or MT5 platform, where you will have access to a
Graph presenting a curve. It is this curve that you will need to analyze.
to carry out your buying and selling operations.

However, as a beginner, before you get there, you must first create
a trading account. This account can be either a real account, used with
real money, which involves a real investment and a real financial risk, either
un compte démo, utilisé pour la pratique et l'apprentissage sans risque financier.
A demo account is typically funded with virtual money, you
allowing the experimentation of markets and strategies without consequences
financial.

To create your account, you need to choose a broker, also called

broker. The broker is the intermediary between you and the market, responsible for making
your orders (buy/sell) and execute them on the financial assets market. It
then brings back your order in gain or loss, while taking a
commission in both cases, for acting as an intermediary between you
and the market or to have carried out the transaction for you.

It is important to note that there are two types of brokers: the good ones (No Dealing
Desk) and the bad (Dealing Desk). A No Dealing Desk broker acts as
qu'intermédiaire, tandis qu'un broker Dealing Desk peut agir de manière
contrary to your interests. It is crucial to choose wisely.

The broker we recommend and have been using for several years is
Exness, which is a No Dealing Desk. You will find the link below.

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After creating your account, you will receive an identifier, a password.

and a server to connect you to the platform of your choice, MT4 or MT5.
These platforms are available on PlayStore and AppStore.

Once logged in, you will have access to a chart, as illustrated below.

Graph showing the USD/CAD currency pair in Daily.

Link to the broker Exness:Click here

MT4 and MT5 are available on PlayStore and AppStore.

DAY 3: In-depth exploration of FOREX, Understanding PIPS, Lots and

their implications

In the previous session, we discussed the different types of markets,

such as the currency market, commodities, indices
synthetic, etc.

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The currency market, where currencies like the Euro (EUR) can be found,
Dollar (USD), among others, is also called the 'FOREX' (Foreign Exchange).
L'objectif sur ce marché est d'acheter des devises à un prix bas et de les revendre
at a higher price, or vice versa. It is the most liquid market in the world, with
more than 6000 billion dollars traded every day.

On the Forex, currencies are traded in pairs, for example, EUR/USD,

USD/CAD, EUR/NZD, etc. You will therefore buy/sell currency pairs
rather than individual currencies. If you wish to buy USD, you will have
need another currency, for example, the EUR, and you will buy the pair
EUR/USD. The EUR is the base currency, and the USD is the counter currency.

Currently, we know that one Euro is worth 650 CFA and one Dollar is worth 600.
CFA. Si nous divisons la valeur de l'EUR par celle de l'USD à l'instant t, nous
let's get something like this: EUR/USD = 1.08333. As the values
currencies fluctuate, this index also fluctuates. Your goal when making a purchase is
to buy the EUR/USD at 1.08333 and hope that it increases, for example, to
1.09555 to make profits. If the price drops after your purchase, by
exemple, à 1,06000, vous subirez une perte.

When you make a purchase (BUY) of EUR/USD at 1.08333 and the price
evolves to 1.09555, the gap between the entry point (1.08333) and the point at that moment
t (1.09555) is measured in 'PIPS'. The PIPS is calculated by subtracting the point
from the entry point to the arrival point, for example, 1.09555 - 1.08333 = 1222 PIPS. If
the EUR/USD is rising, you make a gain of +1222 PIPS; if it decreases, you
suffer a loss of -1222 PIPS.

It is important to note that the PIPS measures technical performance and does not
do not give information about gains or losses in terms of money. Two
traders may have the same PIPS, but will not necessarily win the
same amount of money.

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To calculate money gains, you buy/sell currency pairs in

"Lots" in financial markets, just like in the example of the pens that you
You have purchased. One lot is equivalent to 100,000 units, a mini-lot to 0.1 lot (10,000
units), and a micro-lot at 0.01 lot (1,000 units). The monetary gains depend
of the lot and the number of PIPS:

For the micro-lot, 1 PIPS = 0.1 dollar.

For the mini-lot, 1 PIPS = 1 dollar.
For one lot, 1 PIPS = 10 dollars.

For example, if two traders A and B achieve a performance of 50 PIPS each.

on the rise, and that trader A bought a micro-lot while trader B has
bought 2 milli-lots, the profit in money will be different: trader A makes a
gain of 50✖ 0.1 = 5 dollars, while trader B makes a profit of 50✖ 2✖ 1
= 100 dollars.

Thus, although both traders achieved the same performance in terms of

PIPS, their monetary gains vary depending on the amount of lots they have.
bought.

DAY 4: Money Management, Trader Psychology, and Stop Loss Strategy

Take Profit.

When you make a purchase or sale transaction in the market

Financier, two outcomes are possible: either you make a profit or a loss.
You have the option to manually exit your transactions by cutting.
your position yourself, or automatically using commands
such as 'Stop Loss' (SL) and 'Take Profit' (TP).

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The TP represents the profit target you are aiming for. During a BUY operation, when
for example, you set your TP at the level where you estimate the price will reach,
which will automatically trigger the exit of the position and take your
gains. For a BUY, the TP is placed at the top, while for a SELL, it is
naturally placed at the bottom.

The SL represents the loss limit, that is to say the amount you are willing to
lose. You place your SL at the bottom of a BUY position and at the top of a SELL position.
SELL.

In trading, three essential elements come into play:

1. The Strategy: Technical analysis allowing to anticipate market movements.
market.
2. Psychology: Mental aspect of trading.
3. Money Management: Monetary management of invested capital.

Money Management: Money management involves managing your capital

in order to maximize gains in relation to losses. It includes the management of
Lot, the number of positions, the level of SL and TP. For example, with a capital
of 1000 dollars, an effective strategy could be to take 4 positions of
0.02 lot each per day, with a SL of 25 PIPS and a TP of 50 PIPS, which limits
the risk at 5 dollars per transaction.

The concept of "Risk Ratio" (Risk To Reward) is crucial: the goal is to win.
at least twice the amount one risks losing. Thus, the TP must be the
double of SL (1:2 ratio), although other ratios such as 1:3 or 1:4 may be
used.

Leverage concept: Leverage allows access to markets

financiers even with a small capital. It acts as a capital multiplier.
but it must be used with caution. For example, with a capital of 10 dollars

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and a leverage effect of 1:100, your virtual capital will be 1000 dollars, but you
only risk the 10 real dollars you invested.

It is crucial to choose a leverage compatible with your money.

Management, thus avoiding potentially significant losses. For example, if
You need to take 4 positions of 0.02 lots with a capital of 100.
dollars, a leverage of 1:80 can be chosen to meet these requirements.

2. Trader Psychology: Psychology plays an essential role in the

profitability of a trader. Five elements influence the trader's psychology:
- **Discipline** : Ability to diligently follow one's strategy, even under
the influence of emotions.
Gourmandise: The excess desire for quick gains can lead to losses.
of excessive risks.
Fear: The emotion of fear can negatively influence decisions.
financial.
- **Trust**: Excessive trust can lead to behaviors
impulsive, while a lack of confidence can lead to hesitations.
Patience: Patience is essential to wait for the right moment to
making decisions, thus avoiding irrational impulses.

Discipline is crucial for maintaining consistency and rationality in the

trading, while greed, fear, confidence, and patience play a
major role in decision-making and achieving profitability.

It was day 4: Money Management, Trader Psychology, and Stop Strategy

Loss and Take Profit.

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Chapter 2: Decoding Markets: In-Depth Dive into

Technical Analysis.

I. Reading a Graph

The work of a basic trader involves predicting the likely direction of the market.
If you believe that the price of an asset will increase, you make a purchase.
(BUY), or if your analysis indicates a downward trend, you make a
sale

This prediction is based on probabilities, requiring an analysis to

anticipate market movements. Two types of analyses exist: analysis
fundamental (using economic information to predict the price
of an asset) and technical analysis (using the chart of the financial asset to
anticipating its evolution). In this section, we will focus on
technical analysis.

When you invest in Forex, you have two main tools: your
trading platform to place orders, and your charts representing
the evolution of prices. There are several types of charts, the most common method
the one being that of Japanese candlesticks.

With this method, the chart is made up of 'candles', each candle

representing a period (which can be 1 min, 10 min, an hour, a
day, etc.). The white (or green) candle indicates an increase, where the low

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represents the price at the beginning of the period, and the top represents the price at the end.
The upper "wick" represents the highest price reached, and vice versa.
for the lower wick.

To read a graph well, it is crucial to master the time scales in

the function of your investment strategies. The more experience you have, the more
you will develop a 'feeling' to anticipate market changes.

Supports and Resistances

Support and resistance are fundamental concepts in trading. A

support is a level where prices tend to bounce back downwards, while
that a resistance is a level where prices tend to hit a ceiling upwards.

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To identify these levels, horizontal lines are used on the charts.

A validation of support or resistance generally requires three points.
contact with the courses. Supports and resistances are not precise levels,
but rather "zones".

The practical use of these levels involves buying strategies near the
supports and sales near resistances. The validation of these levels is
often confirmed by other analytical methods.

III. Identify the Trends

Recognizing the important levels is essential, but it is also crucial to

spotting trends. A healthy trend adheres to criteria such as the
creation of "higher highs" and "lower lows" in an uptrend, and
reverse in a bearish trend.

Conversely in the context of a decrease for the illustration below:

Healthy trend, risky trend

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The identification of trends is done using trend lines and channels.

of trend. The trend lines, drawn between 'lows' or 'highs',
are validated when tested multiple times:

Trend channels are parallels to these lines, allowing for better

anticipate market movements:

IV. The Triangles

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At the end of a trend, triangles can form, acting as 'patterns'

de consolidation". These triangles are investment opportunities when
prices rise from the top (buy) or from the bottom (sell). It is essential not to
not to rush and to wait for a clear breakout before validating the signal:

In the case of classic triangles, like above, the outcome is uncertain.

until the end of the triangle. The way in which the courses will escape from the
The triangle will be decisive for their future evolution.

Some triangles are specific, such as support triangles and triangles-

resistances, indicating opportunities after upward movements or
bears

These analytical elements are not infallible, but they maximize the chances.
of success, also requiring experience for an informed interpretation.

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Chapter 3: Fundamental Analysis, Trading Plan and the Sessions of

Trading.

1. Trade the statistics

You have now acquired the essential knowledge required.

to start trading on Forex. Take risks, the
measure, better identify trends and reversals,
know how to take advantage of it and put all the odds on your side... But it
There is another way to make a lot of money in Forex.
a technique that is certainly not applicable every day, but that is
truly INFALLIBLE...

No technique is ever infallible when it comes to

of investment or financial approaches, you will think, and it is in
true in general... Except on the Forex!

An index... What generally causes the most violent movement of the

Stock prices? It is the publication of the companies' 'figures':
quarterly or annual results, turnover, etc. But it is
IMPOSSIBLE to take advantage of it. Why? The answer is simple: These
results are exclusively published before or after the closure of the
market, and it is therefore impossible to take advantage of it in real time: it is necessary to
having bought beforehand, and praying not to be mistaken...

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On the Forex, no results or revenue of course, but

certain economic statistics significantly influence and
brutally the currency exchange rate. And since Forex is a market
open 24/7, it is impossible to publish them at closing... which means
say that you can take advantage of it in real time!

These statistics are published at fixed times, and the currency rates
react to the second... When an important statistic needs to
to appear at 2:30 PM, you better watch the clock, because at the second
where she will spend from 2:29 PM to 2:30 PM, things will move, and
violently, believe it!

Among the important statistics, we find for the EUR/USD by

for example, the decisions of the American central banks (FED) and
European (ECB), or the GDP growth figures of
USA or the Eurozone, the American unemployment rate, etc. A lot
Statistics significantly influence the course of currencies.

Once again, our team is doing everything possible to make it easier for you.
task at your disposalastatistics calendarwhere
nous précisons la devise concernée, ainsi que l ’importance de la
statistics. You will just need to be in front of your screen at the right
moment!

It is indeed unnecessary to know how to analyze these statistics, it is enough to

look at which direction the classes are going, then take the train in
walk as quickly as possible! Of course, with this technique,
you will only be able to capture 40 to 60% of the upward movement
generated by the release of the statistics (the prices rise or fall

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so quickly that by the time you place your order, things will have
already evolved a lot), but these gains are 100% certain!!

But be careful!!! If the statistics generate very movements

violent in the very short term, corrections are also particularly
brutal. Indeed, when a statistic allows a currency to
for example, gaining 100 pips in a few seconds is very common
that the prices very quickly lose 30, 40, or even 50 or 60 pips
directly after the peak of the rise. Therefore, one must be
particularly attentive to any reversal, and not hesitate to
cut the position, even if it means facing a loss of earnings. Things
evolve so brutally during the publication of statistics that it is necessary
be extremely reactive, and cut your position at the slightest sign of
reversal of the followed trend.

The release of economic statistics is indeed a

opportunity to make money FOR SURE with Forex.
However, it happens that the news is lacking in statistics, and it is
therefore better to use this technique in addition to your
daily analysis.

Just consider the impact that certain statistics can have on the
forex.
Example 1 - Weekly US unemployment claims:

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Example 2 - US unemployment rate.

Example 3 - FED Meeting.

2. The best times to trade

The previous lessons taught you how to trade, but it is

also very important to know when to trade. Indeed, the market is
behaves differently depending on the time, for the simple and good reason
that at certain times of the day, operations are more
many because more people are involved. This does not of course mean
do not say that it is impossible to carry out operations outside of these
periods, but simply that the opportunities will be more
many if you know precisely when to trade...

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The first thing to do is to cut the map of the world into

several areas. In Forex, the most important poles are
London, Tokyo and New York. And there is a session (time slot)
where exchanges are at their maximum) for each area:

Zone Session (Paris time):

London 9 AM - 5 PM
New York 2 PM - 11 PM
Tokyo 01 h - 10 h

It is noted that the London time slot is the most

interesting. Indeed, it overlaps with the New York area AND the area
from Tokyo. The table below perfectly illustrates this reality:

It is indeed observed that for the 4 major pairs, it is during the

London session where the average volatility is the highest.

We will also note in closing that the beginnings and ends of the week
are often the days when movements are the least predictable,
and where the risks are maximum. We will therefore intervene in the Forex of
preference from Tuesday to Thursday.

3. Establish a trading plan

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This chapter-lesson aims to synthesize everything that has

seen, and to allow you to really apply the
acquired knowledge. Let's start from the beginning. You
turn on your computer, open your trading platform and your
Charts, and you want to trade on the Forex. How to do it?
Let's take the most interesting example, that of very short trading.
term (you only retain positions for a few hours
maximum).

1) Choosing your charts: For very short-term trading, we

we will take 3 charts. The 5-minute chart (each candle
represents 5 minutes), the 15-minute chart, and the 60-minute chart.
minutes.

2) Identify the supports and resistances: On each of the three

graphs, we will point out the most important supports and resistances
important. The most important supports will be those that we will have
identified on the 60-minute chart. The supports and the resistances
points on the 5 and 15-minute charts will be considered
as useful intermediate support and resistance, but of
less importance.

Identify the trend: Next, you will need to identify the trend.
general on the long-term graph, then the trends
intermediaries on the 5 and 15 minute charts. It will be necessary to pay attention to
always position oneself in the direction of the long-term trend. By
for example, if the trend is upward on the 60-minute chart,
and that the trend is downward on the 5-minute chart, better

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it's worth waiting for the upward turn rather than trying to take
the downward trend is underway.

4) Setting your stops and limits: The final step will be to define
your stops and your limits. We therefore remind you of the two rules
main: stops must be narrower than the limits, and more
the wider your investment horizon, the more your stops and limits
must be ample.

Chapitre 4 : La Stratégies de Trading Rentable, Le Price Action

a. Definition: Price Action

Price Action simply translates to French as the action of the price. It has
the advantage of taking into account the psychology of traders through
candles more commonly known as Japanese Chandeliers. No need
to add a multitude of indicators that will give you lagging signals
and will mislead you during your decision-making.

Price Action: Supports/Resistances

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Support and Resistance are essential tools for technical analysis.

these are key levels that stopped the price or caused it to rebound by the
past. A resistance acts as a barrier to block the price that is below.
from it, as if the price were hitting a ceiling, and conversely for a support that
finds below the price and has the role of keeping it above him, like
if the price were on a trampoline.

It is said that the more a support and a resistance are tested, the stronger they become.
fragile, therefore more likely to allow the price to pass. However, depending on the
time units, a support/resistance will be stronger.

A consolidation (Range) will be formed thanks to a support and a resistance that

will keep the price fixed, evolving it between this ceiling and this trampoline
until one of the two becomes weaker than the other by giving a
new direction at the price.

Price Action: The Pins

A resistance can act as support if it gets broken.

inversely for support. The Pin Bars provide good indications on the

investors' behavior.

Imagine a candle taking a direction only to ultimately change its

trajectory before closing and thus forming a rejection wick in the direction

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opposed. Depending on where they occur, they can be of great

help to understand the context.

A bullish Pin-Bar following a significant decline will give us an initial hint about
the presence of a new buying force and conversely for a Pin-Bar
bearish. But be careful, don’t rely solely on these to enter
In a Trade, you will need other confirmations in order to have a more thorough analysis.
solid.

Price Action: The Doji

The Doji is a candle that indicates a strong indecision about the context.
buyers and sellers are battling but neither of them manages to take
the top, which forms two strands of rejection on each side, leaving the
operators perplexed about the continuation of the force initiated earlier. If a Doji
occurs at the end of a bullish trend, this could indicate that the
buyers are no longer strong or numerous enough to maintain a continuation
of the rise, thus allowing itself to be caught up by the selling force and vice versa
the end of a downward trend.

Price Action: The Engulfing

Bullish/bearish engulfing patterns also provide a good indication of the

context and even more if they are in line with the current trend.

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For an engulfing pattern to be valid, the body of the candle must

previous one to be swallowed by this bullish/bearish candle. The candle
who precedes it may have formed strands, it is not mandatory
to incorporate these strands so that it is compliant, but it can only give
more weight if it is also swallowed.

Price Action: Trendlines

Trendlines or diagonal support and resistance are good tools for

identify the trend and give more weight in your analyses. We see
clearly these lines act as barriers for the price that remains
kept inside them. The outputs of these channels can announce
a reversal of the initial trend, but caution to false breakouts that
happen from time to time as shown in the image below:

Price Action: The Dow Theory

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The Dow Theory is a good indicator on the charts to understand the context.
also. It can be summarized by the fact that the asset in question forms higher highs.
always higher and always lower less low in the case of a law of
Bullish Dow

Conversely for a bearish Dow law with the highs (-In- high) and the
lower (lower and lower).

b. Chartism

Definition:

Chartism is a decision-making system based on research of

graphic configurations. A multitude of chart patterns exist,
some more solid than others in terms of probabilities. However, this
the strategy is not very different from Price Action as the formation of these figures
on the graphs is mainly based on the study of the behavior of
investors in the relevant asset.

Chartism: The Diamonds

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Diamonds are figures with a high probability. There are two of them, we will
see them below.

The diamond on top (80% Bearish) (H1):

The diamond on hollow (80% bullish) (H4):

Psychological aspect of diamonds: One can distinguish two triangles of

on each side, which gives us two supports and two oblique resistances
forming a diamond shape containing the price inside. For a diamond to be
confirmed, the diagonal supports and resistances must be touched at
at least twice each. This is a classic figure of reversal of

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trend. The psychology of this figure is marked by a strong period

of indecision, this succession of rises followed by a decrease in volatility,
represented by oscillations of increasing and then decreasing amplitudes,
appears conducive to a trend reversal if the figure is located on the
lower/higher of the concerned asset.

Chartism: The Descending Bevel

The bevel is also a figure with a high probability (92% Bearish against 8%
Haussière). There are different bevel configurations. Psychological Aspect
The descending Wedge: This chart pattern is represented by two trendlines.
downward trend/downward sloping trend line oriented in the same direction
converging at a point. The trendline located at the bottom of the figure serves as a
support while the one above will have the role of resistance allowing the price
to evolve inside rather smoothly. The bullish outcome of this figure
could be surprising as the resistance located at the top of the Wedge shows a
certain selling pressure. Indeed, this figure shows us a beautiful example
bearish Dow theory (always lower lows and always lower highs)
bas), mais cette pression vendeuse est d’autant plus forte de l’autre côté pour
the buyers who will eventually make the Bears (sellers) doubt, causing the price to
the rise. And conversely for the Ascending Wedge:

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Chartism: The Head and Shoulders

Third chart pattern and certainly the most well-known offering significant
probabilities (93% downward trend):

*Psychological aspect of the Shoulder-Head-Shoulder: This figure shows us three

departures of buying forces, one being higher than the other two. Even if
the force is present, we can see that it always stumbles and does not lead to any results,
forming a line of attack serving as an oblique support for these three
buyer attempts. The volumes on this figure are relatively low, and
It is therefore for this reason that the second shoulder (after the sale of
institutions and individuals' profit-taking on the formed head
previously) fails to make a new high to break
the diagonal support that has been holding the price well until now.

Chartism: Other Chartist Figures

There are a multitude of chart patterns that can help you better
determine the market context. I have presented you with the strongest, but I will
show you the most frequent ones that present lower probabilities but that
appear quite often on the graphs nonetheless. To a greater figure
appears on large units of time, the more solid it will be, but they
will be formed more quickly on the smallest units of time. It's up to you to
find the right balance according to the time horizon that you
it will correspond.

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Chartism: The Ascending Triangle

These triangles have outputs with bullish probabilities of 62% against 33%

downward. But be careful to closely monitor where the price has come from before forming
this figure will be decisive for the meaning of the exit, as these are figures of
continuation in 75% of cases (price drop arrival, triangle formation,
continuation of the decrease for the case below).

Chartism: The Descending Triangle

Unlike the ascending triangle, this one has somewhat more mixed probabilities.
with 41% for bullish outings against 54% for bearish ones. Identify the

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trend is essential in order to be better prepared to work in this kind of

figures, like for all the others, even if the odds are in your favor
side.

Chartism: The Double Top

The Double Top is very well known in the trading world with probabilities of
83% for bearish outings and only 17% for invalidation of this
configuration to form a range between support and resistance. But if it
breaks its 'line of play', this figure is then confirmed.

Chartism: The Double Bottom

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The Double Bottom is the opposite of the Double Top, which slows down the price on a ...
resistance, while the Double Bottom is forming on a support. It occurs
well generally after a period of decline, which shows a loss of momentum
from the downward trend to make way for a consolidation. It is at the breakout
from his line of fire that he is also confirmed.

Learning to analyze

Analysis plays a crucial role in trading success. Although the aspects

Psychological factors are essential, a solid analysis upstream is necessary.
to configure your operations. The market, although sometimes illogical, has a
memory, and understand the previous highs/lows on different units of
time is fundamental. Drawing trendlines, identifying supports and the
resistances allows to situate the context and the trend in the short, medium and long term
term.

Graphic Example:

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In the example, the blue arrows represent the resistances, and the arrows
Violets, the supports. The analysis shows a bullish market, but the break.
a trendline questions the trend, illustrating the importance of
technical analysis.

Chapter 5: The Psychological Aspects of Trading

La psychologie revêt une importance cruciale. Le trader doit lutter contre ses
personal beliefs, expectations, and emotions. Managing emotions during highs
And base is complex at first. Maintain a risk/profit ratio greater than 2
allows to reduce the pressure, with the aim of earning twice as much as what
one can lose.

Successive Losses:

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In the face of a series of losses, it is crucial to remain patient, understand the reasons,
and to trust in his strategy. A long-term vision and mastery of
Emotions are essential for overcoming difficulties.

Successive Gains:

After a series of gains, the trader must avoid complacency. Excessive

Confidence can lead to mistakes. Modesty and focus on the
long-term strategies remain essential.

Premature Exit from a Winning Position:

The trader may feel regrets after reaching the take profit. It is crucial
to adhere to the initial plan, avoiding yielding to the lure of profit by shifting the take
profit.

Stop Loss Hit Before a Reversal:

The market can sometimes hit the stop loss before following the initial plan. Rather
Instead of dwelling on the reasons, the trader must move on, using these
situations like checkpoints to refine one's strategy.

In conclusion, mastering technical analysis and psychological management are

the pillars of any successful trading strategy. Discipline, perseverance and
trust in its strategy is the key to successfully navigating
financial markets.

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GENERAL CONCLUSION

Congratulations, you are now ready to dive into the world of trading!
Of course, you have the opportunity to deepen and broaden continuously.
the knowledge acquired during this training. However, our
the conviction remains that simplicity is the key, and to comply
strictly adhering to basic principles is more effective. Excessive complexity
can lead to errors and is often unnecessary, according to our experience.

Forex can be considered as a primary source of income, a reality

that many people live comfortably every day! It does not you
all that remains is to select your broker, marking the beginning of a new
exciting adventure...

Launch yourself with confidence, stay true to the fundamental principles, and may your
may your trading journey be fruitful!

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