The roadmap to becoming a master trader: a step-by-step guide from novice to expert

The first stage: establishment of basic knowledge

As a new trader, it is crucial to understand the basic concepts and tools. Recommended reading of the following books:

"Japanese Candle Charts" - Master the basics of candle charts and understand market sentiment.

Qiu Libo's "K-line Technical Analysis" - in-depth technical aspects of K-line.

Qiu Libo's "Trend Technical Analysis" - Learn how to identify and exploit market trends.

At this stage, YouTube is an excellent resource. It is particularly recommended to follow the following two bloggers:

Yuchi

tradeMasterTechnicalanaly

Their videos (recommended to watch at 2x speed) are suitable for beginners and cover key concepts such as trend lines, support and resistance, and analyzing markets on multiple time levels.

Stage Two: Mastery of Advanced Tools

After establishing the basic knowledge, you can start to learn some more advanced trading indicators, such as MACD, moving average, RSI, etc. These indicators are mainly used as auxiliary tools because they have a certain lag. Focus on learning how to identify and exploit divergence signals from these tools.

The third stage: in-depth understanding of market dynamics

Next, you can search for the following video topics through YouTube to deepen your market understanding:

Supply and demand analysis - including how to draw supply and demand and determine the strength of supply and demand.

SMC Smart Money - Learn concepts like Order Blocks, Imbalances, FVG, BOS, Choch, and how to use the SMC indicator in TradeView.

Liquidity - including how to find order flow, the nature of liquidity and the principles behind its plunder.

Naked K Trading - Watch the video first to understand Pinbar's strength and entry conditions, then read related books to deepen your understanding.

Stage Four: In-depth Market Psychology and Market Dynamics

After having a deep understanding of liquidity and SMC smart money, it will be easier to read the following two books:

"Volume and Price Analysis" - In-depth understanding of the supply and demand relationship behind the market.

Wyckoff Theory - Learn how to read supply and demand changes from market behavior.

These two books will help you go beyond basic technical analysis and understand the real driving force behind the market, making you more calm and precise in your trading decisions.

Can you become a trading master by joining a paid copywriting group?

If you want to become a trading master, I don’t recommend that you join some paid copycat groups. It can be said that it is of little use. If you are just a leek, then you can try it. In fact, these people are nothing more than telling you some support and resistance. The position allows you to enter the market without entering the market halfway. Your winning or losing is only a matter of probability, because you don’t know when to leave. The market may change when the support reaches the resistance position. If you want to trade Making money requires you to truly grasp the supply and demand relationship behind the market.

To put it simply, what we want to see at the support position is a decrease in supply and a strengthening of demand. If you buy immediately when you see the support position, what will happen if the subsequent supply continues to appear? What about weak demand?

Please use simulated trading during the learning process, because not all support positions can provide support. Support and resistance are the sources of the generation, formation, and development of trends. They are deliberately left by the dealer because they know that retail investors like to use these to trade. .

I would like to join some paid knowledge circles where they can share some trading experiences instead of buying other people’s trading plans.