Headstart FX Academy

👉Access to our online course
👉2 free consultations a week
👉weekly trade setups with signals
👉access to our trading groups
👉Analysis done for you on any pairs you want plus their signals on confirmation
👉access to our DBN trading floor

☝All our mentorship packages give traders all of the above .

📲whatsapp 071 258 5460
Pick a package and start trading profitably with us .

NZD/JPY : 👆🏽
👉🏽Possible bullish flag pattern .

Expecting price to breakout to the upside .
If price confirms ,we will look for an entry on a lower timeframe ✔️.

GBP/JPY : 👇🏾
👉🏽Ascending channel .
👉🏽Possible retest of the resistance area before price breaks out of the channel towards the down side .

Let’s see how it plays out ▪️✔️

AUD/USD : 👆🏽
👉🏽Price broke out of a descending channel .
👉🏽Price pulled back ..we might see a retest of the trendline ..if that occurs we will look for a buy entry on the trendline ..

👉🏽Price can start rising and if it does ..we will wait for the breakout to confirm the buy ✔️

Another very important concept .
Leverage allows you to control a large position with little money from you and the rest is borrowed from your broker .

If a broker has 400:1 leverage .
It means for with $1 you can control a position 400 times that ..so a $400 position ✅.

This makes it easier for traders to profit in the forex market.

But leverage works both ways ..it amplifies your possible profits and also your losses as well .

So be careful.
For more details about this ,speak to your mentor ✔️💯.

Volume also known as lot size.
This determines how many units of a currency you buy/sell in a particular position.

This has massive implications on the profitably and your losses.

0.01 = 1000 units
Profit or loss (P/L)= $0.10

If we have a 50 pip move .
Our profit /loss would be :
Number of pips x payout/loss based on volume = P/L

50 pips x $0.10 = $5 P/L

0.10 = 10000 units
P/L = $1

50 pips x $1 = $50

So on the same move you make 10x more using the volume of 0.10 than 0.01..also if the trade goes against you ,you will lose more .

🔴So the key is using a lot size that corresponds to your risk.
We recommend 1-2% risk on each position .

▪️Many accounts are blown because traders don’t understand how volume affects their trades.

🔸You can’t control price ,market direction and the news ..the only thing you can control is how much you risk on the market ..and your volume is the starting point of that .

👉🏽Trading is a journey ,not a destination .
Stop trying to skip a few steps .

🔹Preservation of Capital is 🔑
says :
Your trades should result in 4 outcomes :
▪️Small win
▪️Big win
▪️Break -even
▪️Small loss .

See ..a big loss is a result of taking on too much risk that your account can’t stand .

No one trade should ever make you or break you ✔️💯.

🔸Margin is a very important concept in forex trading .

What is margin ?
Amount of money needed as a “deposit” to open a position with your broker.

▪️
For example ..you have $500 account.Based on your volume(which will be explained and leverage(which will also be explained ..your broker would require a deposit ..let’s just say $20 is the required deposit .

▪️
So the broker would cross-reference your “required deposit $20 “ to your equity $500 .

▪️
Obviously $500 is bigger than $20 and based on that the broker is confident that you can fulfil the position.

🔵Margin is expressed as a percentage of the full amount of the position.

How to calculate margin ?
Equity x Volume / Leverage .

Different types of margins .
✔️Required margin..which we described above ..
✔️Account margin - total equity in your trading account .
✔️Used margin - margin that is committed to current trades that are open
✔️Free margin -money in your account that can be used to open more trades .

Last but no least MARGIN CALL 🔴🔴

This occurs when the money in your account is not enough to cover your losses .

This is when your used margin is more than your equity available ..trust us you don’t want to go through this 😢😅.

Ask your mentor more about this ..because it’s very important ✅.

🔸A true art form👏🏽👏🏽

🔵The blueprint of all technical analysis.

✔️The starting point of all charting mastery

▪️Thank you support and resistance ✔️💯.

🔻Bearish Flag Pattern

Price falls ,strong downtrend move = Flag Pole .

Price rises and forms an ascending channel = Flag

Price can stay in a channel a while 😅...sometimes weeks or even months 😢😂👉🏽when we say patience ,you think we kidding right ?

Then price breaks to the downside offering a continuation move short
😁✔️

✅Bullish Flag Pattern

Price rises ,strong uptrend move = Flag Pole .

Price falls into a descending channel = Flag

Price can stay in a channel a while 😅...sometimes weeks or even months 😢😂👉🏽when we say patience ,you think we kidding right ?

Then price breaks to the upside offering a continuation move long 😁✔️