4-Week Forex Trading Learning Tracker (SMC Focus)
Week 1: Master the Basics of Forex & Market Structure
Topics to Learn:
- What is Forex? How the market works
- Currency pairs, pips, lot sizes, leverage, and spreads
- Types of trends (bullish, bearish, ranging)
- Market Structure: HH, HL, LH, LL
- Break of Structure (BOS) and Change of Character (CHoCH)
Tasks:
- Watch 2 beginner videos on Forex and market structure
- Draw market structures manually on TradingView (EUR/USD 1hr)
- Mark BOS and CHoCH zones from past 20 candles
Resources:
- YouTube: 'The Trading Channel - Forex for Beginners'
- YouTube: 'SMC Market Structure Explained - TradeIQ'
Week 2: Dive into Smart Money Concepts (SMC Core)
Topics to Learn:
- Liquidity (Buy/Sell-side)
- Liquidity grabs and stop hunts
- Order Blocks - what makes a valid OB?
- Fair Value Gaps (FVG) & Imbalances
Tasks:
- Mark equal highs/lows & stop hunts on charts
- Find and mark OBs that caused BOS
- Backtest OB + liquidity sweep setups
Resources:
- YouTube: 'MentFX - Order Blocks Explained'
- YouTube: 'Liquidity Concepts - TradeIQ'
Week 3: Entry Models & Risk Management
Topics to Learn:
- LTF (Lower Time Frame) confirmations (5m/1m)
- Entry after CHoCH inside OB
- RR (Risk-Reward) Ratio, position sizing
- Setting stop loss & take profit smartly
Tasks:
- Create your personal entry checklist
- Do replay sessions on TradingView (15min -> 5min -> 1min)
- Take 3 demo trades with screenshot journaling
Resources:
- YouTube: 'SMC Entry Model - Smart Money Concepts Simplified'
- Risk calculator: babypips.com/tools/position-size-calculator
Week 4: Journaling, Psychology, and Strategy Testing
Topics to Learn:
- Trade journaling (screenshot + reason for trade)
- Backtesting strategy (use replay mode)
- Psychology: fear, FOMO, discipline
Tasks:
- Log 10 past trades (or paper trades) with screenshots
- Track win/loss, reason for entry/exit, and emotion
- Read or listen to 'Trading in the Zone' by Mark Douglas
Resources:
- Journal template (customizable)
- TradingView replay mode
- YouTube: 'The Mindset of a Consistently Profitable Trader - SMB Capital'
