YoloFx

 In the Traddoo Academy this month, I have learned a wide range of valuable concepts and techniques that have significantly enhanced my understanding of the trading the financial market and improved my trading skills. Here are some key takeaways from my learning: I gained a comprehensive understanding of risk management, and how to maintaing good risk to reward ration to be a consistently profitable trader. Risk Management,beign one of the most critical aspects of trading. I now know how to calculate position sizes, properly set stop-loss orders, and manage risk appropriately to preserve capital and minimize potential losses. Trading Psychology: I gained insights into the psychological aspects of trading, learning how emotions can impact decision-making. Techniques like maintaining discipline, managing emotions, and having a trading plan have been invaluable in achieving a more focused and successful trading mindset. The academy introduced various forex trading strategies, I now ha...

 This article on break of structure is a breakdown of lesson learnt from the blog section of the Traddoo Academy website.  A Break of Structure (BoS) is a significant shift in trading patterns that signals a change in market sentiment.  It is a key concept in ICT and Smart Money Concepts trading methodologies, providing a signal for changing market directions and presenting trading opportunities. BoS helps anticipate market turns, with a broken structure reducing confidence in the existing trend and making a change in direction more likely.  Recognizing bullish and bearish BoS helps traders adapt strategies for new market conditions and navigate the market effectively.  While BoS is not a complete reversal, it serves as a crucial event in the life of a trend, indicating the need to look for counter-trend opportunities.  Understanding and applying BoS enhances trading performance, providing valuable insights into market sentiment and improving the accuracy o...