Summary of "How to Start Day Trading in 2025 (Full 10-Hour BEGINNER Course)"
How to Start Day Trading in 2025 (Full 10-Hour BEGINNER Course)
Presenter: Brett Go
Key Finance-Specific Content Summary
1. Trading Journey & Mindset
- Brett Go shares his 5-year journey from $0 to six-figure monthly trading income.
- Emphasizes mindset: belief, discipline, patience, and focus are critical for success.
- Trading is a probability game; losses are inevitable and essential for growth.
- Focus on process over outcome; consistent execution of a mechanical trading plan is key.
- Importance of journaling trades, reviewing performance monthly/quarterly, and continuous improvement.
2. Forex Market Overview
- Forex is the largest financial market with $6.6 trillion daily volume.
- Market open 24 hours, 5 days a week.
- Trades currency pairs: base currency (left), quote currency (right).
- Major pairs: EUR/USD, GBP/USD, NZD/USD, USD/JPY, USD/CHF, USD/CAD.
- Minor pairs: major currencies excluding USD (e.g., EUR/JPY, EUR/CHF).
- Exotic pairs: major currency + emerging market currency (e.g., USD/SGD, AUD/MXN) – advised to avoid due to low liquidity and high volatility.
3. Forex Trading Fundamentals
- Trading involves speculating on currency pair price movements.
- Pips: smallest price movement unit (4th decimal for most pairs; 2nd decimal for JPY pairs).
- Lot sizes:
- Standard: 100,000 units ($10 per pip)
- Mini: 10,000 units ($1 per pip)
- Micro: 1,000 units ($0.10 per pip)
- Stop-loss and take-profit orders are essential for risk management.
- Retail traders have no market-moving power; must trade with smart money, not against it.
4. Trading Strategy Framework (The Three Ms)
- Method: A profitable trading strategy that works in various market conditions.
- Money Management: Preserve capital, risk 1% per trade, maintain risk/reward ratio of at least 1:3.
- Mindset: Manage emotions (fear, greed, FOMO), trade mechanically, not emotionally.
5. Market Mechanics Strategy (Brett’s Proprietary Strategy)
- Combines smart money concepts, ICT concepts, and price action.
- Core components include:
- Supply and demand zones: identify institutional order blocks.
- Order blocks: areas where large institutions place buy/sell orders.
- Liquidity: understanding stop-loss clusters and pending orders to avoid being “liquidity” for smart money.
- Inducements: traps to lure retail traders into wrong positions (e.g., double tops/bottoms, stop hunts).
- Market structure: bullish (higher highs/lows), bearish (lower highs/lows), consolidation.
- Order flow: footprint charts and order book analysis to see buyer/seller dominance.
- Emphasizes trading with market structure and liquidity concepts to avoid stop-loss hunting and increase win rate.
6. Charting & Tools
- Primary platforms: TradingView and MetaTrader 4/5.
- TradingView used for analysis: watchlists, alerts, multi-timeframe charts, drawing tools (trend lines, Fibonacci, horizontal lines).
- MetaTrader 4 used for trade execution and monitoring.
- Use alerts to notify when price reaches key levels.
- Customize charts for comfort and clarity.
7. Order Types
- Market orders: immediate execution.
- Buy stop / Sell stop: orders placed above/below current price, triggered when price reaches that level.
- Buy limit / Sell limit: orders placed below/above current price, triggered when price retraces to that level.
- Use limit/stop orders to automate entries at key levels.
8. Risk Management
- Risk 1-3% of account per trade; 1% preferred for beginners.
- Maintain risk/reward ratio minimum 1:2, ideally 1:3 or more.
- Max daily loss typically 5% of account.
- Max drawdown 10% (account equity should not fall below 90% of initial balance).
- Position sizing calculator recommended to determine correct lot size based on stop loss and risk %.
- Leverage: recommended max 1:100; leverage amplifies gains and losses but does not change risk %.
- Avoid overtrading; limit open positions to control max drawdown.
9. Prop Firm Funding
- Prop firms provide capital (e.g., $100K) to trade in exchange for profit split (e.g., 60/40).
- Traders must pass evaluation phases:
- Phase 1: Make 10% profit with max 5% daily loss and max 10% drawdown.
- Phase 2: Verification with 5% profit target under same loss limits.
- Fees are refundable if phases passed.
- Benefits: access to large capital, limited downside risk.
- Challenges: strict rules, pressure to perform, possibility of losing funding if rules broken.
- Recommended to start with a funding challenge affordable to lose.
- Use proper strategy and risk management to pass challenges.
- Scale accounts by compounding profits and opening additional funded accounts.
10. Focus & Productivity
- Focus is a multiplier of time, energy, and attention.
- Win the morning: structured morning routine including planning, meditation, hydration, and no phone/social media distractions.
- Build awareness via meditation to reduce distractions and manage emotions.
- Maintain a clean physical and digital environment (remove clutter, use app blockers).
- Go “all in or nothing” on tasks to maximize productivity.
- Work in deep focus blocks (e.g., 4 hours uninterrupted).
- Avoid multitasking and dopamine distractions (social media, notifications).
- Journaling and reviewing trades regularly to build self-awareness and improve.
Methodology / Step-by-Step Framework
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Pre-market Routine:
- Plan day the night before.
- Avoid phone/social media before sleep.
- Get 6-7 hours quality sleep.
- Morning routine: wash up, make bed, meditate, visualize goals, hydrate.
-
Market Analysis:
- Identify higher timeframe trend and market phase (continuation or pullback).
- Mark supply and demand zones on higher timeframe.
- Determine liquidity zones (equal highs/lows, swing highs/lows, trendlines, support/resistance).
- Set alerts at key levels.
-
Entry Execution:
- Wait for price to reach demand (bullish) or supply (bearish) zones.
- Drop to lower timeframe (5 or 1 min) to find entry model:
- Look for Market Shift (break of internal structure).
- Look for Liquidity Sweep (sharp V-shaped reaction).
- Wait for price to pull back to flip+swip zone.
- Enter trade with stop loss just beyond zone.
- Take profit at 3R or nearest opposing zone.
-
Risk Management:
- Risk 1-2% per trade.
- Use position size calculator with stop loss distance.
- Maintain risk/reward ≥ 1:3.
- Max daily loss 5%, max drawdown 10%.
- Limit open positions to control drawdown.
- Adjust risk down to 0.5% if drawdown > 2%.
-
Post-trade Routine:
- Journal every trade (win/loss, reasons, lessons).
- Track data monthly/quarterly.
- Review and adjust strategy accordingly.
-
Prop Firm Funding Approach:
- Choose funding level affordable to lose.
- Pass phase 1 (10% profit) and phase 2 (5% profit).
- Follow strict risk and drawdown rules.
- After funding, focus on capital preservation and consistent 5% monthly returns.
- Scale by compounding profits and opening additional accounts.
Disclaimers / Cautions
- Trading involves risk; losses are inevitable.
- No strategy works 100% of the time.
- Past performance is not indicative of future results.
- Not financial advice; viewers should do their own research.
- Prop firm challenges require upfront fees that may be lost if failed.
- Leverage amplifies both gains and losses; use cautiously.
- Emotional discipline and risk management are critical for survival and success.
Assets, Instruments, and Tickers Mentioned
- Forex Major pairs: EUR/USD, GBP/USD, NZD/USD, USD/JPY, USD/CHF, USD/CAD
- Minor pairs: EUR/JPY, EUR/CHF, GBP/AUD, GBP/JPY, AUD/CAD, AUD/CHF
- Exotic pairs: USD/SGD, USD/THB, AUD/MXN, CAD/SGD
- Platforms: TradingView, MetaTrader 4 & 5, ATAS, Sierra Chart, FTMO, FundedNext, Alpha Capital, FDMO
- Concepts: Supply & Demand zones, Order blocks, Liquidity sweeps, Inducements, Market structure, Footprint charts, Order flow
Summary
This comprehensive beginner course by Brett Go covers everything needed to start day trading in 2025, focusing heavily on Forex markets. It teaches foundational concepts such as market structure, supply and demand, liquidity, and order flow, combined into a mechanical trading framework emphasizing risk management and psychological discipline.
The course also covers practical tools (TradingView, MetaTrader), order types, and advanced trading concepts like prop firm funding—highlighting the importance of patience, focus, and continuous learning.
The step-by-step approach includes building a higher timeframe narrative, marking key zones, waiting for price to reach zones, confirming entries on lower timeframes via market shifts and liquidity sweeps, and managing trades with strict risk rules.
The mindset section emphasizes belief, emotional awareness, and the necessity of journaling and reviewing trades for long-term success.
Presenter: Brett Go
Category
Finance
