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5 TRADING TIPS FOR SMALL ACCOUNT / NEWBIE

1. TAKE CARE OF MONEY MANAGEMENT
Use lot size in accordance with capital. Otherwise, the account will be MC/loss in the blink of an eye.

2. TRAIN YOURSELF TO BE MORE PATIENT
Make sure the candle closes first before entry & do not occasionally enter as long as the candle does not show confirmation for entry. There is an ABC setup & discipline follow the soup.

3. FOCUS ON PROCESS NOT PROFIT
Loss of any kind, do not occasionally take revenge near the market. Study with smarter people. Ask the reason why Hit SL. Learn & keep learning until you're good at it.

4. MAKE SURE THERE ARE OTHER SOURCES OF INCOME
Do not use income to trade. Make sure there are other sources of income so that emotions are not disturbed for the next trade. Examples of income from foodpanda, grab & others2.

5. INCREASE LOT SIZE
Once you get used to the four steps above, you can increase the Lot Size. Right now, I'm sure you're good at trading & chart analysis. Time to reap the rewards.

Usdjpy buy now @ 110.895 - 110.695

sl : 110.395

tp1 : 111.095
tp2 : 111.895

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TRENDLINE

A line to mark the formation of a trend. Either an uptrend or a downtrend.

How to pull a trendline:
- shadow to shadow (low risk)
- body to body (medium risk)
- from top to bottom for downtrend
- from bottom to top for uptrend
- there must be at least 3 touches for the trendline

Just like SNR, we will buy at trendline support and will sell at trendline resistance.

Audusd sell now @ 0.77703 - 0.77803

sl : 0.78103

tp1 : 0.77503
tp2 : 0.76703

Audusd sell now!

The bearish engulfing candlestick pattern.

First of all we will start with candlestick pattern,Japanese candlesticks are formed using the open, high, low and close
of the chosen time frame.-If the close is above the open, we can say that the candlestick is bullish which means that the market is rising in this period of time. Bullish candlesticks are always displayed as white candlestick.
The most trading platform use white color to refer to bullish
candlesticks. But the color doesn’t matter, you can use whatever color you want.
The most important is the open price and the close price.
-If the close is below the open, we can say that the candlestick is bearish which indicates that the market is falling in this session.
Bearish candles are always displayed as black candlesticks. But this is not a rule.
You can find different colors used to differentiate between bullish
and bearish candlesticks.
-The filled part of the candlestick is called the real body
-The thin lines poking above and below the body are called shadows.
-The top of the upper shadow is the high
-The bottom of the lower shadow is the low.