ICT 2022 Mentorship Model: ክፍል 11 – Late AM Session Live Trade Execution

Introduction

This tutorial focuses on executing live trades effectively, based on insights from the ICT 2022 Mentorship Model. Whether you are new to trading or looking to refine your skills, this guide will provide you with actionable steps to enhance your trading execution in real-time.

Step 1: Prepare Your Trading Setup

• Ensure you have a reliable trading platform and internet connection.
• Set up charts with the necessary technical indicators, such as:
  • Moving Averages
  • Support and Resistance Levels
• Organize your workspace for easy access to charts, news feeds, and trading tools.

Step 2: Analyze Market Conditions

• Conduct a thorough analysis of the market before placing trades.
• Look for key economic indicators that may affect currency movements.
• Pay attention to:
  • Market news
  • Economic data releases
  • Technical patterns on your charts

Step 3: Define Your Trade Plan

• Establish clear entry and exit points for each trade.
• Determine your risk management strategy:
  • Decide on the percentage of your account you are willing to risk per trade.
  • Set stop-loss and take-profit orders to manage risk effectively.

Step 4: Execute Live Trades

• Monitor your charts for the right moment to enter a trade.
• Execute trades based on your predefined plan.
• Keep emotions in check; stick to your strategy and avoid impulsive decisions.

Step 5: Monitor and Adjust Trades

• After entering a trade, continuously monitor its performance.
• Be prepared to adjust your stop-loss and take-profit levels based on market movements.
• If the market conditions change, reassess whether to hold or exit your position.

Step 6: Review Your Trades

• After completing your trading session, take time to review your trades.
• Analyze both successful and unsuccessful trades to identify patterns and areas for improvement.
• Keep a trading journal to document your strategies, outcomes, and lessons learned.

Conclusion

Executing live trades requires preparation, analysis, and emotional discipline. By following these steps and refining your trading strategy, you can improve your chances of success in the Forex market. Consider continuing your education through mentorship programs and practice to enhance your trading skills further.