One of the most important habits for any trader is staying updated with market news and global events. If you want to grow your savings and make money wisely in trading—especially in smart money concepts—then this is the best approach to follow:
📌 Always stay informed: News drives the market. Make it a habit to check economic news regularly. Use trusted platforms like Forex Factory to monitor high-impact events, especially during the London session.
🗓️ Set your trading calendar according to New York time, and build your trades based on that. Here's a step-by-step method to analyze the market effectively:
Start with the 1-week candle – understand the overall market direction.
Then move to the 4-hour candle – identify strong zones and key levels.
Narrow it down to the 1-hour candle – analyze the recent market moves.
Finally, use the 15-minute candle for perfect entry timing.
📊 Also, don’t ignore major economic indicators like the CPI (Consumer Price Index). It directly affects market volatility and can define your trade direction. Always check its impact before placing trades.
🎯 This is not just trading. This is strategic investing, and it’s how you protect your capital and grow it smartly.
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