Lesson 1
Introduction to trading!
What does trading/investing mean?
trading and investing are about the same-thing.
trading is more advanced and designed for trader for day to day trading it gives you the flexibility
to open and close trades in no time,
while investing is designed to be for the long time investor, open trades are to be hold for long time. and for a trade to be closed it need to be requested and it takes more than 3 days.
How does trading works?
basically trading is very easy, trade can be done in one click {buy, sell and close}.
Buy: means you are buying to the upside, because you are expecting the direction is going up.
Sell: means you buying to the downside, because you expecting the direction is going to the downside, “note: in the world of trading sell does not mean you are closing your buying position”
Close: means; closing your position, witch means you accept the outcome of your trade with taking lose or profits, now you learn how to open buy/sell and close your trades, {as easy as that}.
How to know the direction?
we believes that the market price moves in two directions up or down! based on our study and research we have identified that the prices move in 3 waves
1. (D)-wave
2. (i) wave = (DIB) Wave
3. (B) wave
let explain more: any tradable instrument like stock, currency or cryptocurrency has a chart with a price history data.
By reading the chart historical price data this will help us understand how the instrument is trending and based on that you can forecasts the direction.
using the Dib Wave approach:
(The up-and-down swings of the mass psychology always showed up in repetitive patterns, which were then divided into patterns that Ali Dib named his Dib Wave theory went on to reveal that if you can identify repeating patterns in prices – and figure out where those repeating patterns occur – then you can predict where the market is heading.)
What is chart?
chart graphically depicts the historical behavior, across varying time frames, of the relative price movement between currency pair, Dib waver look at such charts in order to identify trends and various patterns that can signal reversals, continuations, entry points, and exits.
What is patterns?
pattern is a shape created by the price movements swings, in mass psychology always showed up in the same recurring fractal patterns, or “waves,” in financial markets,
What is trend line:
is a line that is used to represent the behavior of a set of data to determine if there is a certain pattern.
What charting platform do i need?
you will need to open free account with trading-view, we currently use it to analyze the charts to help us predicting the market movements , you may need to open a demo account (paper trading),
How to start trading?
after you learn how to trade, open live trading account:
you need a trading account with a broker,, we encourage you to open mt4 account, its a popular trading platform, mt4 is easy and helpful to use.
how much money do i need to start with?
if you don’t have trading experience you should not trade live, first complete the course and than we will meet you one on one to see if u are ready to start trading on live account,
at Dib wave we are aiming to offer the best possible skills and knowledge to help your protect yourself in losing your money in the market, you decided to learn with us, you have to follow our rules and strategy and follow our instruction.
From years of experience in the financial market, we know what it takes to be profitable and successful.