 Hey, everyone, hey, hey, welcome, welcome, right? Hey, can everyone hear me nice and clearly? I can see, let me just pull out my chat area. You can practice your, we have this dedicated chat area over here so you can send through your messages. If you can hear me, if you can see me, do me a favor, just send a message through so I know that you guys can hear me perfectly. Right, I think the audio should be working. Yep, audio should be working, okay, cool, cool. Pull up the Q&A, all right. Hey, Olivia, hey, oh, Miranda, Leon, yeah, yeah, I just got your question, right? I saw you come through, I have not responded to it yet. Let me get to that later today. All is well, all is well. It's great that you guys can hear me, right? I'm presenting from home today, right? Because I'm actually on, I actually just got my kid, right? I just got my kid, a little boy, right? Just born about seven, eight days ago, eight days ago. Was it eight days ago? Yeah, eight or nine days ago, right? So I just got a little boy, right? So I'm here home with the wife, with the kid, right? And of course, now with you guys, right? So it'll be a very fun time, a very fun time today, right? Thank you, thank you very much, darling, right? Thank you, thank you, Ellen, right? Yes, I'm not sure if you can see my iVex. All right, guys, man, if you can see my iVex, right? If you can't see my iVex, then you need to thank Zoom's makeup, you know, I think touch up feature, where I just, you know, hiked the iVex for you or something, but man, I never knew I could operate on so little sleep before, right? But yeah, no, if anything, I might find myself trading the US sessions a little bit more because I'm stuck up all night anyway, right? Oh, Richard, his name is Lucas, right? Yeah, Lucas, Lucas Leong, right? So it's not Elliot, right? I tried to convince her to use Elliot because of Elliot Wave, right? So it'd be the perfect joke I could keep using, you know, for many years to come. But no, his name is Lucas, okay? Thank you, thank you very much. Fatherhood's okay, fatherhood's quite okay, right? It's quite interesting, right? It's quite interesting, it's quite fun, it's quite fun, but yeah, you know, it's now, every day, I guess revolves around sleeping, him sleeping, pooping, eating, right? That's about it. Thank you, Yixiu. Yeah, yeah, no more sleeping nights. Yeah, maybe I can create a new indicator, Richard, yeah. Oh, Richard, you can change your messages if you want, you can send it to everyone too, right? So everyone can see each other's messages. It's pretty cool here. That's what I like about the Zoom, right? Everyone's able to see my screen, right? Everyone able to see my screen. The Ultimate Forex Trading Masterclass. Okay, awesome. Not sure if you guys can see my cat. Any of you guys ever seen my cat before? It's one of the few times like this, past six months where I finally get a present from home and she's like, this is like me. Let me see if I can tweak the screen so that you can see her. Let's see. Not sure if you can see her. Can you see my cat? I'm not sure if you can see my cat. I can't see my screen now, but that's my cat there. It looks like she's having a good life, right? A good life cat, yeah. Yeah, yeah, you know, she's down there sleeping, having a time of her life, right? And she's the original. She's the original indicator. Do you get it? She's the indicator, right? I mean, that's no lame. But I always like the cracker joke, right? She tells me when to buy and tells me when to sell. Okay, guys. Right, okay. You can tell I'm brushing up on my dad jokes, right? Okay, okay. Now, enough of the dad jokes, right? Let's begin today's session. Today's session, right? Ultimate Forex Trading Masterclass, brought to you by TickMeal, right? Remember, there's a disclaimer there, you know, forex trading can be risky, right? And I think this webinar should be construed as investment or trading advice. So please do your own due diligence before you guys trade, all right? Today's webinar, we're gonna focus, we're gonna focus on analysis, right? So it's a lot of people actually gravitate towards technical analysis because it's much more, it's much more, what's the word for it? It's much more real. In the sense that, you know, you can see it and there's less room for misinterpretation, right? For fundamental analysis, you know, sometimes it's a little bit wishy-washy, right? Sometimes they say, oh, you know, there's risk on, there's risk off sentiment, you know, there's, you know, there's a hoax or you know, the dovish, you know, there's a lot of a, it's a lot less, what's the word, precise? It's more of like a guiding momentum kind of thing, right? So I'll be sharing with you a little bit on how I actually use it to trade there. It's a way to use it to trade. See a little bit trickier, right? But let me first, there's too many things I've popped up over here, right? But let me first move on from here. Okay, so today I'm your speaker, Desmond Leong, right? If you wanna find me on Instagram, nothing much over there. Mainly me, my cat, FIFA, right? And soon my kid, I guess, right? You can find me on Comfy Desmond over there, right? So finalist for the best 2019, 2020, 2021, 2021 for best FX research and 2020, 2020 and 2021 for best equity research. So really good. I run a very, very strong team of traders, right? Many of them have passed many trading competitions, right? Won many awards, right? And today's session, you know, I'll be showing you guys my take on fundamental analysis, okay? I'll be showing you if you might take on fundamental analysis. Now, let me go on to the next slide over here. Okay, so what we can expect in today's session, okay? I'm just gonna mention really quickly what is fundamental analysis, right? We're gonna take a quick look at the, using the economic indicator, the economic calendar. Let me see if I can have my little pen over here where I can just draw stuff. Yeah, yeah. So I'm gonna look at the economic calendar over here, right? I just give a little bit of ways how to interpret it. Then I'm gonna talk about this concept of known unknowns to you, right? And this known unknowns would also lead us to the next thing which is looking at a time versus price sensitivity matrix. So the thing about fundamental analysis is that a lot of people think that when it comes to fundamental analysis, that you just, you know, you should use it no matter your trading style. But the truth is, right? When it comes to fundamental analysis, depending on your trading style, you might find a use for it or you might not find a use for it, right? So if you guys can share with me really quickly, how many of you guys are scalpers, right? That means you take a trade, you get in and out of a trade very fast. How many of you guys are day traders, you know, kind of take a trade, you know, just for the day itself, you know, you don't hold a trade beyond the day. And how many of you guys are swing traders where you know your trades last a little bit longer, you know, anywhere from a couple of days to a week, right? Just like get a gauge on the room, you know, just to see how many of you guys, the trading style of you guys. Well, a trend trader, Leon, a trend trader could be, you know, could be trading a trend on a five-minute chart. You'd be trading a trend on a 15-minute chart. So it really depends on what we're looking at is how long you're holding a trade, right? So, okay, we got actually quite a good breakdown of scalpers, swing traders and day traders, right? And one of you guys here, the fundamental analysis, right, affects your trading styles in different degrees. I'll be sharing with you what it means a little bit later in the time versus price sensitivity matrix, right? Richie, you know, if you're new to trading, right, the safer bet might be day and string trading because when you're scalping, you need to be really, really good with your technical analysis, right? Because that's where the market can really whip you out, you know, the news events, especially it can really whipsaw you and, you know, can knock you out, you know, can take you out of a trade, even though you might be fundamentally correct, right? So that we will be exploring in time versus price sensitivity matrix later. We are gonna look at a few macroeconomic analysis if we have a little bit of time, right? Because this is important, but at the same time, you know, it's things that can be covered online if we have the time we touch on this. But what I want to really, really focus on is of course how you can, not just a wishy-washy kind of like topic, right? It's not just a wishy-washy topic on fundamental analysis, right? Instead, we're going to show you how you can apply it in trading, which is the most important thing, right? Actionable education, right? That's the key thing I wanna focus on, actionable education, okay? Now, let's begin today's session, all right? Okay, next slide. Oh, it looks like the drawings remain there. I need to clear the drawings, clear my drawings, right? I wonder is there a way with keynote I can just draw on the charts? There is probably a way, right? But because I'm not much of a Mac user, I don't know how to do that. So I'm just gonna leave it there, okay? Now, what is fundamental analysis, guys, right? So what is fundamental analysis? Let me share with you a, you know how when you go to a doctor, right? So a doctor will give you a health checkup, right? A doctor will give you a health checkup, you know? Take your blood pressure, right? Take your cholesterol level, right? And then you know, can see different things, right? See your health, right? I went for one recently and my cholesterol is a little bit higher than I, you know, one, two. I think it's all the drinking and all the late nights. It's not helping, right? So to cut down my cholesterol a bit, but with the diagnosis, then you know how healthy or how unhealthy you are, right? So that's how it works when it comes to looking at, you know, looking at your health. Now, fundamental analysis is like looking at the health of a country. If we have blood pressure, you know, BP, right? For humans, you know, a country might use CPI, right? So, you know, all the different readings, blood pressure, cholesterol levels, you know, you know, a few other things. What is it? I think there's some stuff due to the kidney. I, yeah, there's all the different, all the different words over there, right? So with a country is similar, you know, fundamental analysis is like a doctor and you're taking the health of country. What are your unemployment numbers? What are you are? You know, what's your CPI numbers? What's your inflation? What's your growth rate? What's your GDP? Right? So you're taking a lot of different numbers and from there, you kind of get a gauge on like, hey, how healthy is this country? Now, how healthy a country is would then affect, right? The strength of the currency, the strength of the stock market, the strength of, of course, the demand for commodities and stuff, but of course it affects really hugely the strength of a country's currency, all right? So at the core, at the core, I'll be showing you some numbers we can, some different figures we can use to measure it. But when people talk about fundamental analysis, they're really just talking about the health of a country, right? If we look at stocks, right? You know, look at futures, look at commodities, right? There are different ways that you can apply fundamental analysis, but fundamental basically, you're just looking at the, you know, the fundamentals, the core, the foundation, right? The health of a certain asset class. If you're looking at the stock market, if you're looking at like Apple, right? Fundamental analysis, Atari, I can see that you're raising your hand, all right? So if you're raising your hand, just shoot your question right through. Send it in the chat section, all right? So that I can, because I have, I literally have another screen open here, actually open below, so I can actually see all the questions come through, right? So feel free to send it through your questions right away. Don't wait, oh yeah, that's one thing I want to encourage you guys, do not wait until the end of the webinar, because if history tends to repeat itself, we will never have time for Q&A, right? Because they're trying to cover as much as possible, right? So just send your questions through and do my best to get to them, all right? So what, so if you're looking at stock market, right? You're looking at Apple, right? You're going to look at the stuff like the PE ratio, the profitability, right, EBITDA, right? Look at all these different stuff, you're just measuring the health, okay? That is fundamental analysis. Now what I'm going to touch on next, right? Let me just move this, move my stuff around so it's a little bit neater, right? Okay, what I'm going to touch on next is this thing called, when it comes to fundamental analysis, one thing that we tend to look at, which I encourage you guys to look at, is this thing called the economic calendar, okay? The economic calendar. And I'm going to show you how to get access to it later. Now the economic calendar, you can think about it as like, it's a place where you get all the different, all the different health reports of a country, right? You'll notice that over here by the side, you know, you got a different countries, you know, you got Japan over here, right? And then you got, this is France, I think, right? My flat game is not that strong, right? But yeah, you know, you got different countries and then, you know, you get the different readings, right? So let's, so for example, let me just pull out a handy dandy chart over here. Well, not really a chart, but maybe more of a, how do I clear my drawings? But how do I not draw anymore? Mouse, okay, so there you go. So, you know, you go to TickMeal, you can TickMeal economic calendar, right? TickMeal economic calendar, you click on it, right? This is a handy little place where you can find, you know, find D, the big news events that are coming up. It's pretty cool, right? What I like about the economic calendar is that you can put it in a timeline view like this, or, you know, you can have it in like a little bit of a calendar view over here and you can filter, this little filter, only high importance news events. So you notice like orange and red, right? Those are the big news events. So if it's unfiltered, you have boring stuff, you know, stuff that are just not that important, like wholesale inventory, right? But if you click only high importance, it actually shows you the orange and the red ones, right? Conflation of course, inflation is super important because, you know, inflation, you know, affects what the central banks will do, which affects the interest rates, which would then affect the currency. All right, so this is a place where you look at economic calendars. What is particularly handy about this economic calendar, right? Is that it actually shows you the date and the exact date and time is gonna happen. Now, when you know the date and time of something, let's say, let's try out something over here, right? Let's say Germany, super big country in Euro, right? CPI final year on year, okay? How many of you guys know when this event happens, is it going to be bullish or is it going to be bearish? Does anyone want to get a guess? This is happening on May the 11th, which is on Wednesday, right? And it's gonna happen at 1400, not wrong GMT. How many of you guys know whether it's gonna be bullish or is it gonna be bearish? Anyone want to take a guess? I got Charles saying that it might be bullish, right? How do I pull up my, okay, there you go. Oh, let's say my bullish, right? Okay, bullish or bearish, right? People, it's hard to know for sure. Kelvin says it's bullish. Quite a number of you guys are saying that it's bullish, okay? All right, now, this is what I call, which leads me to my next point, right? This is what I call unknown, unknown, okay? This is what I call unknown, unknown. Yeah, so Alex put a pretty good point, you know, it depends on the actual result, you know, is it gonna be good or is it bad? You know, what is the result that's gonna come out? Some people use this term called econometrics where they crunch massive amounts of data just to predict, but it's rarely ever kind of accurate, right? But instead, you know, even as re-retail traders, you know, it's almost impossible to accurately forecast what the actual CPI data is gonna be, okay? However, however, this is what we call unknown, unknown. What I mean by known, unknown is that, where is my chart? Is that we know exactly at 1400 GMT on a Wednesday is gonna happen. So that's what I mean by known, okay? Let me just pick up my drawing too, right? So this is what I mean by unknown, unknown. You know it's gonna happen, but the outcome, this is the outcome, it's unknown, okay? 10 writing is still legible, okay? Yeah, you know it's outcome, but you know it's gonna come by its unknown outcome and that this is particularly important for high, right? For high volatility news events, okay? For high volatility news events, because what happens during those events is that when it comes, when the news events comes, right? This, you know, as a fundamental analyst, right? Looking at all this different data, because you know these are the readings that you need CPI, you need PPI, you need non-fump payroll, unemployment reports, you know, you need inflation reports, you need interest rate decisions. All of this is shown to you that we know exactly, we know exactly when it's gonna come. The problem is that we do not know the outcome, right? So that is what I mean by known, unknowns. Now, usually what you want to look out for is high volatility news events. Because when there's high impact news events rather, high impact news events are the ones where I just let me go back to my mouse, I'm going to clear all my drawings, right? High impact news events are these ones, right? Those that are a little bit orange, a little bit red. If you want to, you can see over here, medium, low and high impact news events, you need to know when they're coming, okay? Now, because if you are a scalper, okay? If you were a scalper, so when you're scalping, for those who are here for the first, we're not familiar with the term scalping, right? So scalping actually means that you get in and out of a trade fast, all right? That means your stop loss and your take profit is usually pretty tight, all right? Let me see if I can pull up my little drawing tool over here. But if you're a scalper, you know, you enter into a trade, you know, your stop loss, if this is an entry, you know, your take profit and maybe your stop loss is very, very tight. You keep it very tight, right? If you're a day trader, you know, you might have a little bit more breathing space, you might put your stop loss in your take profit slightly further away, right? Swing trader, you can even put it further away. Now, when these kinds of news events come and there's a lot of volatility, right? There's, you know, the news event comes, you imagine price, you get into a trade, right? News event comes, price spikes down, stops you up and then shoots up, right? So when this happens, you get stopped out first before, you know, of course you don't get, you know, you don't get your profit target hit because you get stopped out, right? It might happen both ways. It might spike your take profit, it might go down to your stop loss, but because you're a scalper, right? You are very vulnerable to volatility, okay? When you're a scalper, you're very vulnerable to volatility, okay? I'll be showing you what I mean by that. With this really, really handy tool, I call the, something, shoot, man, it's something I call the time and price sensitivity matrix. You can take the screenshot of it if you want, right? I kind of created it myself, right? Look at this, right? So let me just pull out my handy dandy pen over here, right? There are two kinds, right? There are the scalpers, there are the day traders and there are swing traders, okay? So these are the three different trading styles over here. Scalping, day trading, and swing trading, okay? Now, and then there is the three kind of stuff approaches to trading. You have technical analysis, you have economic news releases, which is similar to the economic news I showed you, and then you've got fundamental analysis, right? Fundamental analysis is stuff like, really seeing when a CPI report comes out, inflation report comes out, non-farm payroll report comes out, how effective is it in your trading strategy? Now, let's look at it bit by bit, all right? If you are a scalper, right? As a scalper, you have a really, really high reliance on technical analysis, okay? So that means you need to rely a lot on technical analysis because if you're on the five minute chart, right? What moves a five minute chart and what moves a 15 minute chart even has a lot more to do with technical analysis than fundamental analysis? If I tell you, if I tell you that, yeah, yeah. You know what? I think Biden, you know, or, you know, might win the next election, right? Or I just say that I see something along the lines, yeah, this Russia, Russia-Ukraine war, you know, it's gonna weigh, you know, it's probably gonna last for a couple more months, right? You know, there's gonna be a lot of volatility, right? And, you know, it's probably going to affect the prices of oil and gold a bit more, okay? So let's just say gold, okay? Let's just say this whole economic uncertainty is gonna affect gold a lot more. So there's fundamental analysis, all right? Now, with that news, okay, you have the news now, I was like, all right, okay. Gold is likely to go up because of this uncertainty that's happening in the world with this, you know, with the war, okay? Now, then you look at the five minute chart and you're thinking, okay, how am I, my cat just got up, right? How am I going to apply this to trading? How am I gonna apply this to the next five minutes, right? Okay, you know, the goal is generally bullish, but how is it gonna affect the next 20 minutes, 30 minutes when I'm in a trade? The truth is it really, really affects it, right? So the important thing here, right, when it comes to trading, right? One important thing that I wanna teach you guys is that in the world of trading, it's so scary because you can learn the right stuff and you can learn the wrong stuff. It's different from the world of academia, right? In the world of academia, you know, you can, if you're studying, right, if you're studying for an exam, you study, however, the more you study, the better your result is, right? There is a linear correlation, right? The more you study, the better your result is, but the scary thing about trading is that, you know, when you study, you might study the wrong stuff, right? And if you study the wrong stuff, you might affect your trading, you know, your performance might go down in state, right? So it's very different. So people who are really, really good at academia, right? Really, really smart. They often struggle, you know, when it comes to trading because, you know, sometimes the logic doesn't make sense to them, you know? They are studying and studying this pursuit for knowledge. They keep studying and studying and studying one, learn too much more, but it doesn't result in improvement in their trading, right? Because when it comes to trading, it is equally important to know what to study and what not to study. So if you're a scalper, if you answered earlier that you're a scalper, you should have a high reliance on technical analysis. You should ideally have a higher reliance on technical analysis. You should pay a lot of attention to economic news releases, all right? You should pay a lot of attention to the economic news releases because it affects the result might, you know, it's an unknown result. You do not know what the non-fumpero is going to be. Even if you know what's a non-fumpero result going to be, you do not know how the market is going to react to it, right? It might go crazy, right? Sometimes, you know, the number shows better, but the market doesn't go as intended, right? So economic news releases a high impact and that's why it affects you a lot, all right? Then fundamental analysis, right? You should ideally have a lower reliance on fundamental analysis, like it's okay to know what the CPI and PPI data is, right? But will it affect your trade over the next few days? Unlikely, right? Because if you're a scalper, you're getting in and out of a trade fast, right? So as a scalper, how many of you guys want to take a guess? What is the timeframe you should ideally be looking at? What timeframe should you ideally be trading at? You know, is it the five, the 15, the one hour? All right, I see some answers coming in. A lot of people are saying five minutes, 15 minutes. Oh, one to three minutes, all right? That's intense, man, that's intense. All right, L one hour chart. All right, all right, by John, okay? Depends, scale from one. Yep, I actually really like Andrew's answer where he scales down from the one hour to 15 minutes. That even though you want to take the trades on the 15 minutes, you actually scale down from the one hour because the one hour helps you see the higher timeframe if there are any big levels that you're missing out on. All right, so Lani, right? Is answering one day chart. That's a little bit too, that's a little bit too big a timeframe, right? Because one day chart, you know, but you know, in a one day chart, you know, each bar that occurs is one day, right? So just by the very fact there's a one day chart, it's already going to be at least day trading or swing trading is unlikely to be a scalping strategy. But yes, most of the time you're going to a five minute chart as a key, as a key chart to use for technical analysis, for scalping, right? Most of our goal is maybe one hour, okay? Just to take a top-down approach. We'll touch a little bit more on that later. So over here, you know, kind of looking at the five minute, five minute all the way to the one hour chart, okay? The next thing that we want to look at, right? Next thing that we want to look at is day trading. Day trading, you also, right? So the definition of day trading is that the trades last anywhere, usually within the day. You don't try to close the trade beyond the day, right? You try to close the trade within the day. That's why it's called day trading, okay? So you usually have a high reliance of technical analysis. Now, you also have a high impact. Economic news releases also do impact you quite a bit, okay? High impact, but usually only the high impact news releases. Okay, guys, if you have raised your hands, I can see a couple of you guys are raising your hands, right? Go ahead, Atari, Hanhua and Alex, go ahead and ask your questions, all right? I literally have, oh, do I have Q and A? Direct talk about the marketing. Okay, I'll touch on those later about scalping and stuff, all right? But because we do need to cover some of the topics today, all right, especially fundamental analysis. Okay, now let me move on, okay? Yeah, so the economic news releases will have a lower impact on your trading, okay? Meaning that if it's low, if it's low or medium, it usually has a lower impact on your trading when you're a day trader. However, fundamental analysis would then have a medium, there'll be a medium reliance to it, okay? That means it starts to affect you a little bit more on the momentum for the day. The general momentum for the day, it starts to affect you a little bit more. Then lastly, of course, there's swing trading, right? So if you're a day trader, you usually should be looking at one H to four H. One H to four H as a chart, okay? Now, if you are a swing trader, you have a medium reliance, right? Your medium reliance on technical analysis. So you don't need to go in that crazy on technical analysis, right? Yeah, don't go in that crazy on technical analysis, right? Alex, how do you speculate on high volatility? She's asking a question now. So to speculate on high volatility, you need to trade when there's a volatile news event. For example, non-fump payroll. Those news events with a rate dot decided means that there's high volatility. Well, you don't speculate, right? There are two ways to do it, right? First way is actually to guess the result, right? There's a concept called econometrics, right? Where you crunch numbers to determine what the number might be. What is the CPI number? What's the PPI number, right? Because if you can guess with just a marginally higher accuracy than the market, you know, the market tends to go crazy in one direction when the data is released, okay? So usually if you're trading it that way, right? If you want to speculate on high volatility, you need to try to guess in the correct direction of that, okay? Now, of course, for economic news releases, if you're a swing trader, you are generally have lower impact and I'll be showing you in a bit what that means, okay? Lastly, right, for fundamental analysis, you have a higher reliance. You really, really need to know if you're holding a trade for swing traders and even for position traders. So position traders are a bit, ouch, I twisted my ankle. For position traders who are holding the trades for a longer period of time, right? Fundamental analysis is very important. And I'll be showing you a couple of the calls that we made previously. They actually won us our awards, right? And it's a combination of swing trading and fundamental analysis, right? So I need to show you how we can really put it into practice, okay? Now, let me just clear my drawings over here and move on to the next point, next point. So let me show you what I mean by scalping, right? So scalping, yes, you can minimally go out to the one-hour chart. So this is a real scalp, let me just pull out my pen. This is a real scalping opportunity we did with Fibonacci confluence, right? That's a 38% retracement, 100%, right? You know, there's a Fibonacci projection, Fibonacci extension, Fibonacci expansion, all of it lines up over here. We are expecting prices to do a nice little bounce from there, okay? So what happened, right? What happened with that is that price actually went down and it bounced from here. You can see, if I zoom in a bit, it ran down, it touched our entry and it bounced up really nicely, okay? Now this is a scalping trade. You notice that 80.19 to 80.43 to take profit is just about 20 pips. This is a very advanced style of scalping. It's a super-duper profitable style that I have more or less mastered over the years. Heat rate is about 70 to 80%. Risk to reward ratio is usually 1 is to 1.5 to 1 is to 2. I will teach it more to you guys in the upcoming webinars, but yeah, it's one of my very, very profitable strategies. All right, you can see how I just managed to do jumping on the scalp, right? Two really, really quick trades. This is on the 30-minute chart. You get in and out in a really, really tight, quick amount of time, right? Entry was 80.21, take profit was 80.38. Back a very, very big, decent profit. And the stop loss itself is also about 19 pips. So it's a very, very, you know, you're keeping a stop loss and take profit very closely. In this kind of circumstances, this kind of strategy, when you're scalping, you don't need to focus that much on economic news releases. I'd rather you don't need to focus that much on fundamental analysis, right? But you do need to take note of, of this important thing over here, when is the big news event gonna come? Because if there's a big news event, I'm gonna try to stay out of it. Take meal, for example, has a trading view account, all right? If you're on trading view, they actually have this handy little thing. Let me see, I can find it, right? If you're on the chart, you can, let me see. You can actually right click. It could be settings, events, economic events on the card, only future events, okay? Apply to all, okay? So there you go, you know, you can see when are the upcoming economic news events on the chart itself directly? So if you're gonna take a trade, right? Imagine if, let me see what news events are over here. Fat boss takes speech, okay? Let me see if there are any other, news events that are, that might be a high volatility news event. Nah, nah, all right. Let's just do the, you're all of us, okay? Now, so for example, if I know that there's a very, there's a medium, let's just say a medium news, this is orange color, so it's medium, all right? So if I'm taking a trade, right? Let me just draw a vertical line over here, right? So this is, so I know there's a news, big news events that's gonna come over here. And if I'm scalping, right, let's just say I'm looking to trade when price reaches this pullback level, okay? So price reaches this level and I try to take a trade, right? But when price has reached this level, if I notice that it is, I'm about to take a scalping trade, right? A very tight stop loss and a very tight take profit and it actually happens to be right at where the big news event is gonna be, I will stay out of it because I might be right, I might be able to catch this trade, but because of a news event, I might be weaked out and I might be stopped out of the trade over here, okay? A very important consideration when it comes to if you're a scalper, okay? So just to show you what I mean by that, all right? So we are, we're looking at this here. Now, let's go to the one minute chart, okay? Now, who knows what big news event just happened on Friday recently? Yeah, it was a non-fump payroll, guys, right? So, how do I scroll back to, I, oh, you know what? I'm just going to, there's not a good things about here, right? Apply it all, okay, that's cool. Okay, the non-fump payroll news announcement, Sharks, where is it? There you go, this date over here, okay? Non-fump payroll date is, was over here. This was a non-fump payroll, guys. Look at this candle over here, look at this candle. Can we all agree that this is a crazy candle, right? If you were trying to scalp, right? This would have kind of knocked you out quite a bit, right? Because of the volatility of price, okay? But first, we are on a one minute chart, okay? We are on a one minute, we are on a one minute chart. Now, let me, let me tweak this, right? So I drew this circle over here. Now, let me start looking at a 15 minute chart, okay? Now, on the 15 minute chart, can you see this, this same bar that occurred? Can we agree that on the 15 minute chart, it doesn't look that scary? Okay, I'm gonna remove it here, and I'm gonna draw a little arrow to this thing over here. This is the, this is the bar. So this is the non-fump payroll bar on the 15 minute chart. Now, it doesn't look that scary anymore, does it, right? So, and then again, right? Let's go to the one hour chart, right? On the one hour chart, the non-fump payroll, right? I think it was just this bar over here, right? It is looking at it and it looks like any other bar, right? It's not that scary, right? And that's the thing, you know, the bigger your timeframe, meaning whether you're a scalper or a day trader, which is a bigger timeframe, or you're a swing trader, which is an even bigger timeframe, right? Economic news releases, right? This volatility of these news events actually affect you a lot less, if you think about it, right? I showed you how it looked like on the one hour chart. It looks like it just looks like any other bar. There's nothing to worry about, right? But if you were on the one minute chart, you were on the five minute chart and you were scalping, man, that bar would have been a scary bar, all right? So that's an important consideration to take note of when you're trading, okay? Now, let me go back to here, okay? So, let me see if I covered, yes, correct, correct. This part, this part, put it out over here, okay? There you go. So this is an important consideration, all right? If you don't have a trading view account, please go get a trading view account, you can get a free one, right? And you can actually just right click settings, right? And then economic news events and chart. You only wanna see the future one to click this, all right? Then you only see the future ones, okay? Now, that is an important thing to take note of. Now, I'm gonna touch on a few. I'm going to dive into, all right? I'm gonna dive into some of the key things to focus on. When it comes to macroeconomic analysis, right? When it comes to macroeconomic analysis, what are things to consider? Okay, these are things that you will notice in the, what's the word for it, in the economic news calendar. And it's gonna affect your trades from a fundamental perspective, okay? The first one is interest rates. Okay, just let me pull out my chat over here so I can see everyone. Okay, remember if you have questions, just send them right through, okay? I literally have another screen open. You're just monitoring it for you guys, okay? So yeah, for interest rate, basically it's the cost of borrowing money, right? So you know, recently the Fed increased the interest rates. So everyone's gonna, you know, people are gonna stay in the forums or whatever it is, they're gonna say, oh yeah, yeah, you know, the Fed increased interest rate. How is this interest rate gonna affect the trading from a fundamental perspective, right? Macroeconomic analysis basically means that macro means that it's big, okay? Macro means, you know, there's a difference between macro and micro. Micro means it's very small, macro means it's very big. So macroeconomic means that looking at the big picture, right, you're looking at a big picture when it comes to analysis, okay? So this is different from technical analysis. Now it's macroeconomic analysis, you're looking at a big picture, okay? So one of the big things to look at, you know, when you're trading with fundamentals, so this is more useful for swing traders, a little bit useful for day traders, okay? Just to give you guys a gauge on how to apply fundamental analysis. First thing to look out for is interest rates, interest rate decisions, right? So interest rate is a cost of borrowing money, you know, whether by individuals, companies or governments, right? So if interest rate increases means it's more expensive, if the interest rate decreases means it's cheaper, okay? Now let's put things into perspective, right? If interest rate goes up, this will result in more savings and less spending as in people, people will save more and spend less because, you know, interest rates is more, you know, it's very expensive to borrow money and this will lead to a decrease in growth, okay? However, if interest rates go down, right? So now it's very cheap, right? Imagine interest rate could go down, interest rate is like almost 0%. It's so cheap to borrow, you know, to borrow money. What are you gonna do? Everyone's gonna go out there, they're gonna, there's gonna be higher borrowing. If more people borrow money, more people are gonna be spending money, right? You can't borrow money and keep it under your pillow, right? You're gonna borrow money and gonna spend it and this leads to increasing growth, right? And of course, with this increasing growth, that means of course currency will strengthen, okay? So let's talk about a few things, right? How the interest rate affects tree areas, the currency, the stock market and the commodity market, okay? Now, if there's higher interest rate, okay? If there's higher interest rate, what happens is that... Sorry, let me see my slide suddenly disappeared, right? Okay, higher interest rate tend to attract foreign investments, increasing the demand for and value of the home country's currency, okay? So the currency will strengthen, okay? Now, if the interest rate increases, the stock market will drop and the commodity markets will drop. Okay, I don't wanna dive too much into it because I know someone just, yes, for the whole country. Someone just mentioned that it's 6.13 and I haven't touched on the other very, very important topics because this is only halfway through. I need to really, really touch on a few important topics on how you can apply both technical analysis and fundamental analysis. So I touch on this macroeconomic topics quickly, right? So that you get an idea about it. If you wanna dive a little bit deeper into it, you can ping me separately, okay? The next thing that we of course, we look at is inflation, right? Basically inflation is the increase in the prices of goods and services in the economy, okay? When inflation increases, more money is needed to purchase the same goods and services. You think about it, right? Last time, a Big Mac, so some people call it a Big Mac index, right? Sorry, just your RR, it's a message, right? Yeah, I'm glad you find it interesting, right? But yeah, yeah, it's like giving you a different, I try to give you a different spin to fundamental analysis. I don't give you the boring stuff, right? Because a lot of the boring stuff you can find online, right? How to apply to trading is what you want. You're in this webinar for how you're gonna apply to trading, how you're gonna make money, right? Whether you're a scalper day trader or swing trader, that's what I wanna teach you guys, okay? Inflation basically, all right? Put things in perspective. 20 years ago, a Big Mac that you'll go for McDonald's maybe cost $2. Now Big Mac will probably cost about $6. That is the concept of inflation. There are two things that I look for, CPI, which is the consumer price index, and PPI, the producer price index, okay? Now cheat sheet for you to look at, okay? Let me just draw out a, let me just draw it out for you. Oops, here, okay. Yeah, cheat sheet for you to look at if inflation increases, okay? If inflation increases, right? The currency should strengthen, okay? If you are the stocks, right? Stocks should weaken and the commodities, right? The commodity market, right? The commodity should strengthen, okay? This is a cheat sheet for you just to look at, right? Kelvin, the inflation basically means that, you know, yes, I will show you the all three types when it applies to trading. I need to cover this topic pretty fast, right? Kelvin, inflation just basically means that in the cost of living just keeps increasing, right? So, you know, I'm not sure if, you know, maybe your parents in the past said, oh, you know, in the past it was so cheap, you know, a bowl of noodles, right? A bag of rice was so cheap, but now it's so expensive. Prizes of houses in the past were so cheap, but it's so expensive now, right? That is all a fact of inflation, okay? Now, let's move on to the next one, right? Let's move on to the next one, which is growth. Growth, you know, measures the health of an economy, okay? Health are coming through the increase in goods and services produced. Basically, it's just GDP. One of the main things that people measure growth with is this thing, let me just pull up my drawing tool again. Is this main thing that we look at at GDP, okay? Now, growth is, of course, interest rate rise, the price increase is likely, you know, we are an unprecedented times of inflation. Not sure if you can hear my cat meowing away, right? It's a feeding time now, right? Are you guys able to hear that? I'm not sure if you guys can hear that. Yeah, okay, but yeah, my cat and my baby were crying away. All right, I know you guys, GDP, okay? Now, there are a few things that I look for in growth, right? First is the GDP. Second is international trade balance, right? Which is also seen a lot in the economic news releases. It measures the difference between imports and exports. And last one is retail sales, which measures growth through consumer expenditure as used to assess the direction of economy, okay? Now, economic growth is actually the most watched economic indicator because it enables and increase living standards, okay? So when there's economic growth, right? Currency would increase, will improve, okay? Because, you know, all things equal, the revenue of the government does, you know, increases hence the value of the currency, right? If for the stock market, right? It will also improve, right? Growth is good, stock market is good, right? And then, you know, as more companies grow, they require more commodities or the bull, right? And then the commodity market will increase, will improve. So growth, you know, is GDP increases, it usually benefits the entire country. That's the cheat sheet that more or less you guys need to focus on, right? Just gonna touch on really quickly because I realized that we're running out of time. And I want to show you guys some pretty cool tools that we have, right? We should be coming your way, probably in the middle of the month. Last thing is unemployment. Of course, we know unemployment, right? It's a very, very good indication. Nong-Han Paeol is one of the big things that we look at, right? But unemployment is a very, very big important figure to look at from an economic point of view, right? Yeah, from an economic point of view, right? Because unemployment is measured basically, right? By the unemployment rate, which is basically a percentage of the people in the force, in the workforce without jobs, but are able and willing to work. So the last Friday, they just passed, Nong-Han Paeol is one of the key things that people use to measure, okay? So an increase in unemployment would result in a decrease in Nong-Han Paeol. And this usually signals a slowdown in economy. That is why it's such a big thing that people look at. First Friday of the month, everyone just cramps and look at the number, especially the US number, the unemployment figures, right? It is one of the most watched economic news releases ever because it's so important, right? If prices, if there's an increase in unemployment, right? Suddenly people start worrying. They're like, oh man, what's going to happen? Is there, there's so many reasons why there could be an increase in unemployment. But all of it points to basically, if there's an increase in unemployment, the stock market is not going to do well, right? The currency market is not going to do, the currency of the country is not going to do well. And of course, the commodities market is not going to do that well too. Okay, now I do want to touch on a couple of things here, right? I'm going to show you how I applied technical analysis and fundamental analysis together to get really good trading opportunities, okay? So this was a call I did on dollar C and H, okay? So let me just take out my handy dandy pen over here, right? So dollar C and H, this was the one day chart, okay? One day chart means it's a slightly longer term analysis, right? This was the, I'll show you the next three trades that won us the award, okay? So this was a movie of calling, right? So dollar C and H, right? We're looking at this major support area over here. We are calling for the China Yuan to strengthen, right? Very nice descending channel over here, right? Price was just about breaking this level. So we're thinking that price will go all the way down to here, at least for our next quarter, next three to four months, okay? So from a technical analysis point of view, we are expecting prices to continue to drop down, okay? Now, this was my, this was a report that I sent to, this was a live recorded webinar, of course. So this was a report I said, okay? I think it is regardless, is dollar C and H gonna drop? I think it is regardless whether it's a Biden or Trump win. Let me just highlight the couple of parts of you, right? Because China is exchange rate hawks and they insist that the exchange rate, they charge to bilateral, blah, blah, blah, right? PBOC has some more potent stands towards the Yuan appreciation. That means Yuan strengthening their C and H strengthening, right? Take note, as long as there's no further escalation, you know, the Yuan will strengthen, of course, a little bit of bias that dollar's gonna weaken. You know, we can expect to see dollar C and H drop towards a 6.40 level, okay? Now, it seems a little bit hard for you to get a gauge of what I'm just saying, because a fundamental analysis requires you to have a broad, that's why I say macroeconomic analysis, right? You need to have a broad understanding of the countries. Of course, not only countries political, right? But also the economical kind of standings, right? And what happened since then, right? What happened since then is that of course price has, price, this was where we forecasted the vertical dotted line and it dropped all the way to our target in February 2021, right? So that was about October 1995, right? So it's a longer-term trade, like I said, right? It's usually a longer-term trade that plays itself out over time, right? So this is how you can, this is how one way to combine technicals and fundamentals. Notice I did not go crazy with technicals because when it comes to longer-term trades, like I mentioned, swing trading, position trading, a lot bigger emphasis is placed on the fundamentals, right? Less on the technicals, okay? This was my forecast on the SPX, right? So the SPX, right? The same thing I was highlighting over here, right? The same thing I was highlighting over here. What's the link to your fundamental analysis on TickMeal, right? I think I usually covered the technical analysis. I don't cover that much fundamental analysis on TickMeal, but in the VIP room, which I'll be showing you guys soon, I will cover the fundamental analysis every day, okay? So yeah, you know, there was a very, very big support level over here, right? You know, price, there was a couple of Fibonacci levels that we were doing, you know, there was a nice Fibonacci projection. And my forecast was that price would kind of rise to the 3,600 level, okay? So what happened since then? Of course, in this topic, I'm just gonna talk about fundamentals, right? Regardless of a Biden or a Trump win, we expect the stock market to continue to do well, right? Our fundamental bias, right? Is that we should see SPX continue to rise, right? Up to maybe, you know, we're seeing support on three to three four, we should expect to see prices continue to rise regardless of a Biden or Trump. And of course, Biden won that election. How that looks like, how that looks like really quickly, I'm gonna show you guys, is that price, this was our forecast, price to continue to shoot all the way up. Now, really simple, right? But you need to have a good understanding of fundamentals. They need to be able to hold the long game. You need to be a whole, this I call positional trade. So those of you guys who mentioned earlier that you guys are positional traders, right? That is what I need to do. You need to look a little bit at fundamentals. Don't just go crazy into technicals. Thank you very much Richie, right? And I'm gonna show you that you can actually use this on the stock market too, right? This was our forecast on Tesla. Everyone was saying at the time of the election that Tesla was going to go down further, okay? Because it was starting, if you guys remember, Tesla was rising like crazy, right? It was going up, going up like crazy over here, right? But we applied this concept called Elliott Wave. One, two, three, A, B, C, D, E, corrective four wave pattern and potentially shoot up further towards the 600 level. Okay, that was our Elliott Wave analysis with very simple Elliott Wave analysis, right? Triangle pattern, right? Whoever, those of you guys who are into technical analysis and use triangle patterns, triangle patterns usually suggest a continuation, right? Usually happens the way four. I will teach you guys in the upcoming webinars more and more advanced technical analysis, okay? Right, I just wanna encourage you guys that it is very possible to make money with trading, right? You just need to figure it out. In this case, my view on this was that you can see from a fundamental perspective, right? From the fundamental perspective, right? We expect a Biden win, which is a good sign for Tesla and our overarching bullish bias, okay? Then of course, from a technical perspective, you know, Elliott Wave theory, you know, we can see even 600 as a target, right? With both fundamentals and technicals lining up nicely, we made the bold call for Tesla to rise up to 600, you know, which it was at its peak. And of course, from there, what happened, right? What happened is that price of Tesla just shot up to 600 and even went up even further, right? So that is how you combine fundamentals and technicals in this sense over here, okay? Now, there's one place which I want to show you guys when it comes to practicing your analysis, okay? It's a VIP trading room and I'm gonna show you guys in a bit, all right? I've been promising this to you guys. Let me just pause my sharing for a while. Pause sharing. Okay, let me see if I have the screen over here for you guys. Yeah, we've got a VIP take me room over here and I'm going to show you. Okay, can you guys see my screen now? It should be a slightly different screen. Are you guys able to see? All right, cool, okay. So this is the VIP take me room which should be rolling out to you guys, hopefully, middle of this month, maybe next month, right? Pretty soon, right? But we need your feedback on it, okay? So the VIP take me room is where you will get access to me, you will get access to the whole range of take me analysts, right? Patrick Monelli that you guys know, really, really, really, really good trader, right? So what you guys can do over there, right? Is that it's a little bit small so I'm going to zoom in a bit, right? Is that what you can do over here? Is that let's just say you have, you know, you have a dollar yen, okay? We're looking at dollar yen over here, okay? So let's just look at dollar yen and if you were wondering like on the one day chart, okay, not dollar yen, maybe just go dollar cat instead because dollar yen is just going up by crazy, okay? So if you're on dollar cat, right? And you're looking at a chart here and you're thinking, oh man, many, many reactions off here, right? You're going to highlight this area, right? Highlight this area over here and you say, you know, hey, Desmond, right? Do you think this is a potential resistance area to trade from, right? What resistance area are you referring to? You just highlight the tanks. You click this button, link object to tanks, click the chart, the object that you just drew, right? You can see it light up when I hover over it and you send the message through, okay? So when I'm reading your message, right? Of course I can see your little notification up here at the top corner, right? But if I'm reading your message and I hover over what you just wrote, you can see that the chart lights up, okay? So that gives me more perspective. I can click on it and then I can have a dedicated discussion area over here, you know? Yeah, you know, looks very strong, looks very strong, right? And, you know, whether you want to give a little emoji reactions, you know, stuff like that, you can do that too. Of course, you notice that we have this thing up here where the more you participate, the higher your rank, you know, rises, right? So, you know, you start off as a junior trader and the better you trade, the better you perform, you know, you get, you rise up the ranks, all right? So this is what we intend to roll out, right? For TICMU clients to really be there and to help you trade because currently we're doing webinars, right? Webinars, we go to one webinar, you need to wait for one or two weeks before another webinar and then you can, you know, before you can, you can ask me questions, but in this room, every day we'll be sharing, you know, you'll be connected to many, many profitable traders that we have, right? And we'll be sharing with you our analysis, you have a question, you post it, right? And we can answer it for you, okay? Now, of course, so this is, let me just stop sharing over here, right? This is what is coming for you guys, right? And we do need to run a quick little poll if you don't mind, right? How do I share a poll over here, right? Life trading room, right? Yes, okay. We need to know from you guys, how many of you guys would probably think that such a thing is gonna be useful, right? You really think it's not, oh, thank you very much, Kelvin, right? Such a thing is gonna be useful for you guys, right? So that we can get a gauge and we know how soon we can roll it out for you guys, right? Because ultimately we want to help you be a better trader. And if you are a, if you're a person who use technical analysis, you might, I personally feel that you might find it useful, you know, when you're drawing trend lines, when you're drawing Fibonacci, when you're drawing moving, no, no one ever draws a moving average. I mean, when you're doing moving averages, channels and stuff, you know, how many of you guys think that this would be useful for you, right? And that will help us know, you know, how soon we can expedite it to you guys, all right? Okay, cool, cool, cool. I'm going to just really quickly, let me up here a little bit. Yes, technicals, fundamentals and everything else in between, right? Okay, Olivia, let's not share that with anyone else. Okay, right. Okay, now I'm gonna end poll over here. Okay, end poll, all right? Okay, okay. Yeah, so we have a good, of course, we have a good 100% who says that, I need to save this anyway. We have a good 100% of guys say that you're gonna find it useful, which is great, which is great, right? And the next thing which I'm going to, yes, so the next thing I'm gonna answer Alex's question, right? Is the next poll over here, life account, right? So I'm gonna launch this, right? So we, so, okay, you know, if you were to get access to the live trading room, if we require you to have a live tick me account, would you be okay with it? All right, how many of you guys are okay with it? If you already are tick me account holder, let me know, right? Or if you're not, you know, please let us know too, right? So we can get a rough gauge on whether, you know, this is something which non-tick me account holders would want to get, right? And it really helped us make a decision better because trust me, the world of trading is not easy, right? The world of trading, I went through, I blew up seven of my accounts previously before I became profitable, but what I do want to share with you is that now, you know, I'm a 32 year old guy, right? I'm trading full time, right? And, you know, you can support a family, you know, you can actually, you know, be financially free if you trade properly, right? That's the most important thing, if you trade properly. And that's what we want to try to encourage you guys to do, right? Is that, you know, instead of giving you webinars and the analysis that you see on the blog every day, we want to try to take it one level further to try to hold your hand a little bit more to take you on a trading journey, right? So that, you know, you can ask us questions as and when you can, instead of waiting for it one week or two weeks later, okay? Now I'm gonna end poll over here and well, I just, I share really good results from you guys that the, yeah, I think it's a good bunch of you guys, right? Almost the majority of you guys will be okay with it. Now we are still finalizing, we're still finalizing the requirements, I believe, you know, a simple $1,000 account with a TICMU, TICMU $1,000 account will give you access to it, right? But yeah, I think it's just, yeah, it's a $1,000 account should give you access to it. It will be rolling out pretty soon by just finalizing the last bit of details, right? But it's free for you guys, so you guys don't need to pay, right? As long as your TICMU account comes as a super VIP kind of treatment for you guys, right? Yeah. Okay, okay, Richie is awesome to know, man. Yes, yes, and Y-Chai, that was painful for me, but it helped me learn to, you know, learn to trade better, okay? Now guys, of course, I'm just going to, where is my slides over here? Well, where are my slides? Okay, so that's it for me. Well, what I encourage you guys to do, head over to this, you know, TICMU.com education webinars. I'll be covering another webinar in another two weeks. It might be me, it might be Cassandra, right? It might be Cassandra, and I hope that you guys join me. Hopefully by then we have a VIP room to hang out in, right? No worries, Richie, you can come in late, you can jump over, you can jump over from another broker, right? Yeah, of course, we encourage you to jump over from another broker if you want, right? Sorry, yeah, jump over from another broker if you want, right? But yeah, I hope you found this topic useful today, right? Yeah, I hope you found this topic useful today, right? Covering fundamental analysis. Join me two weeks from now. Let me see what, I can see some of you guys asking me what I'll be covering, right? I think you just need to go to client tools, go to webinars, right? And yes, you'll be able to get the videos of the last session. If you go to TickMeal YouTube, right? TickMeal YouTube, oops, wrong channel, right? This one here, you go to playlist and you should have the ultimate forest trading masterclass. Oh, there's only a technical analysis 101 over here, right? So I just share it for you over here. So this is the place, we'll be adding the future playlist into here, right? Still think it's missing the first one. We have another webinar upcoming, yes, over here on 23rd of May, right? And you'll be covering support and resistance, right? So I'll be teaching you guys the correct way, a little bit bold for me to say it, but the correct way to use support and resistance, okay? Using pullback overlaps and swing highs and swing lows, right? Yes, Garry, you will be able to apply that in your trading, especially in day trading, all right? So that is where the juicy stuff begins. We start looking at how we can apply technical analysis. I'll be jumping, hopefully in the VIP room and be showing you how to trade. VIP room ideally is still not confirmed yet, but probably about $1,000 life account TickMeal and you get the VIP treatment from them, all right? That's it for me, you guys, right? I'm just gonna send you the link to you guys here. Please sign up for it, you know, if you haven't signed up for it, right? If you see that I have bigger eye bags to reach from now, you know the reason, right? But otherwise, it has been great having you guys. Thank you for staying throughout the entire webinar, right? Even beyond the one hour, right? It's nice to have you guys, right? To join me on this journey to being a profitable trader, right? You know, learn the right stuff, right? Remember, guys, in trading, you know, it's always as important to learn the right stuff as it is to learn to avoid learning the wrong stuff, okay? Thank you, Irish. Thank you, Elon. Thank you, Richard, right? It has been a great time with you guys. I'll catch you guys in two weeks. Stay safe, trade safe, and peace out, guys. Peace out. Thank you, Olivia. Thank you, Tulani, Wetzel, Kelvin, Mark, nice. Thank you very much, guys. Ideas, ideas and have a good... Yeah, it's a good Monday. That's lost track of time. I have a good trading week ahead, guys, all right? Cheers and peace out, man. Cheers and peace out, guys. Bye-bye.