ICT SON CALUB "$650K CHALLENGE" tutelage by his dad ICT MENTOR OF MENTOR gonna be a millionaire soon

Introduction

This tutorial provides a step-by-step guide based on ICT SON CALUB's "$650K CHALLENGE," showcasing insights from ICT MENTOR. The focus is on trading strategies, particularly in gold trading, and aims to help aspiring traders develop skills that could lead them to financial success.

Step 1: Understand the Basics of Trading

• Familiarize yourself with fundamental trading concepts:
  • Market Types: Learn about forex, stocks, commodities, and indices.
  • Trading Terminology: Get to know terms like pips, spreads, leverage, and margin.
• Research different trading styles:
  • Day trading
  • Swing trading
  • Scalping

Step 2: Develop a Trading Plan

• Create a structured approach to your trading activities:
  • Define Your Goals: Set realistic financial targets.
  • Risk Management: Determine how much capital you’re willing to risk per trade (e.g., 1-2% of your trading account).
  • Choose Trading Instruments: Focus on specific assets such as gold, NASDAQ, or SPX500.

Step 3: Analyze the Market

• Implement both technical and fundamental analysis:
  • Technical Analysis: Use charts, indicators, and price patterns to make informed decisions.
  • Fundamental Analysis: Keep an eye on economic news, geopolitical events, and market sentiment.
• Regularly review the performance of your trades to identify trends and areas for improvement.

Step 4: Practice with a Demo Account

• Open a demo trading account to practice strategies without financial risk:
  • Experiment with different trading styles and strategies.
  • Test your trading plan and refine it based on your results.

Step 5: Start Trading with Real Capital

• Transition from a demo account to live trading:
  • Begin with a small amount of capital to minimize risk.
  • Stick to your trading plan, and avoid emotional trading decisions.

Step 6: Continuously Educate Yourself

• Stay updated on market trends and trading strategies:
  • Follow experienced traders and educators (like ICT).
  • Participate in trading communities or forums to exchange ideas and insights.
• Invest in educational resources such as books, courses, or mentorship programs.

Conclusion

Achieving success in trading requires a solid understanding of market dynamics, a well-structured approach, and continuous education. By following these steps, you can build the foundation necessary for potentially becoming a successful trader. Remember to stay disciplined, manage your risks effectively, and keep learning as you progress.