INDUCCIÓN SOCIOS NUEVO NOA #1 📝

Welcome to the Trading Induction

Introduction to the Course

• Edson González introduces himself and welcomes participants, emphasizing their decision to enter the digital trading world.

• The induction consists of three days: Day 1 covers basic concepts, the NOA platform, Telegram channels, and OMT; Day 2 focuses on creating demo and real accounts, copying signals, and order types; Day 3 concludes with a live session.

Importance of Learning

• Emphasis on mindset, commitment, and the significance of the first 90 days in trading.

• Participants are encouraged to take notes as this information is crucial for their learning journey.

Understanding Trader Success Rates

Challenges Faced by Retail Traders

• Acknowledgment that 75% to 89% of retail traders lose money; only 1% achieve profitability.

• Key factors for success include good support (provided by the academy), a proven system (also provided), and personal discipline.

Building Discipline

• Discipline is developed through habits such as attending classes regularly and engaging with educational materials.

Essential Tools for Trading

Required Technology

• Basic technological needs include a smartphone or computer; internet connection is essential for accessing classes and receiving trading signals.

Choosing a Broker

• Importance of selecting a reliable broker with proper regulations; sponsors will assist in finding trustworthy options.

Recommendations for New Traders

Study Commitment

• New traders should dedicate 2 to 4 hours daily for studying theory and practice.

Financial Investment

• A real account investment is necessary for trading activities; commitment over the first 90 days is crucial for understanding trading dynamics.

What is Trading?

Definition and Purpose

• Trading involves buying and selling financial assets like currencies, metals, stocks, indices, and cryptocurrencies to profit from market movements.

Practical Example

• An example illustrates how purchasing an ounce of gold at $1,900 and selling it at $1,950 results in a $50 profit due to market fluctuations.

Understanding CFDs

Concept Explanation

• Clarification that traders do not buy or sell physical assets but rather engage in Contracts for Difference (CFDs), speculating on price changes without ownership.

Types of Markets Traded

Market Categories

• Forex: Currency pairs like EUR/USD or USD/JPY.

• Commodities: Gold (XAU/USD), silver (XAG/USD), oil (WTI).

• Indices: Major stock indices like NASDAQ (NAS100), S&P500 (SP500).

• Cryptocurrencies: Bitcoin (BTC/USD).

Role of Brokers in Trading

Broker Functions

• Brokers act as intermediaries allowing access to financial markets where traders can deposit funds.

• They facilitate trades that banks typically do not allow individuals to perform directly.

Understanding Pips & Lot Sizes

Measurement Units

• Pips measure price movement in forex markets; they help determine potential gains or losses based on entry points.

Lot Size Recommendations

• Starting lot size should be minimal (0.01); larger sizes increase risk significantly.

Managing Risk with Stop Losses

Stop Loss & Take Profit Explained

• Stop loss limits potential losses by automatically closing trades at predetermined levels if they move against you.

Break Even Strategy

• Moving stop loss to break even secures profits once trades reach certain positive thresholds.

Navigating Your Backoffice

Accessing Educational Resources

• Instructions on logging into backoffice using credentials provided by sponsors; joining Telegram channels enhances learning experience.

Overview of Educational Channels

Introduction to Various Trading Channels

• The AN channel is another educational resource offering similar options for traders.

• The Power channel, run by educator Halling, focuses on trading signals for gold and the Dow Jones index.

• After joining channels, users will see updates in their Telegram app, including trade ideas and services in Spanish.

Utilizing Artificial Intelligence Tools

• Users are encouraged to explore AI scanners that provide trading ideas but must have basic trading knowledge first.

• Understanding market movements and significant global events is crucial for effective trading strategies.

Navigating the Academy's Backoffice

Accessing Recorded Classes

• Users can access recorded classes in various languages through the backoffice; changing language settings is essential.

• Emphasis on establishing habits and schedules to familiarize oneself with the academy's resources for easier trading.

Importance of Theoretical Knowledge

• While theoretical content may seem tedious, it is necessary for achieving results in trading practices.

Step-by-Step Guide to Using the Backoffice

Logging into the Backoffice

• Instructions provided on how to log into the backoffice using a username and password.

• If users encounter session issues, they should re-enter their credentials to gain access.

Exploring Features within the Backoffice

• Users should navigate to "Forex Center" without translation tools that may alter page names.

• Once authorized via Telegram, users can link their accounts to various channels for receiving signals.

Joining Trading Channels

Process of Joining Channels

• Users are guided through joining key channels like Trading & Services and Profit Lock.

• Important note: after joining five channels, users must log out and log back in to join additional ones.

Accessing Recorded Classes Again

• After joining channels, users should revisit recorded classes while ensuring language settings are correct.

Learning Resources Available

Language Settings Adjustment

• Changing language settings early ensures all videos play in Spanish rather than English by default.

Essential Classes Offered

• A variety of foundational classes available covering financial markets, cryptocurrency fundamentals, and MT5 usage.

Utilizing AI Scanners Effectively

Understanding AI Scanners

• AI scanners require a basic understanding of market analysis; they enhance trade effectiveness when combined with technical analysis.

Risk Management Considerations

• Effective use of scanners increases chances of profitable trades but does not eliminate risks entirely.

One Million Team Platform Overview

Accessing One Million Team

• Users can access this platform using existing credentials; it offers additional learning tools.

Tools Available Within One Million Team

• Includes resources on starting with trading psychology and a library containing important books related to trading.

Key Takeaways from Training Sessions

Importance of Discipline in Trading

• Emphasizes that successful trading requires discipline over luck; emotional control is vital for managing capital effectively.

Setting Realistic Expectations

• New traders should commit long-term (90 days minimum), avoiding unrealistic expectations about quick wealth accumulation through trading.

Importance of Education in Trading

Focus on Learning

• Emphasizes the need for commitment to education, stating that success in trading depends on how dedicated one is to learning.

• Highlights that unlike traditional university degrees, this trading education can potentially generate income while learning.

• Shares personal experience of becoming obsessed with learning to reach high earning potential in trading.

Key Components for Success

• Stresses the importance of education, discipline, and focus as essential elements for achieving success in trading.

• Mentions availability of classes at various times and encourages participants to utilize resources provided by the One Million Team platform.

Accessing Educational Resources

Utilizing Available Channels

• Informs about multiple communication channels (WhatsApp and Telegram) available for accessing educational content and support.

• Explains how to access the academy using a link from a sponsor along with user credentials.

Encouragement to Ask Questions

• Urges participants not to hesitate in asking questions during sessions, emphasizing that clarity is crucial for understanding concepts.

Understanding Market Measurements

The Concept of Pips

• Introduces "pips" as a unit of measurement in the market, explaining its significance in determining market movement.

• Provides an analogy comparing pips measurement to how builders measure distance, illustrating its practical application in trading.

The Value of Teaching and Learning

Sharing Knowledge

• Expresses passion for teaching others about trading and financial independence through digital business opportunities.

• Challenges participants to reflect on their past investments in education versus potential returns from investing time into learning trading skills.

Long-term Commitment

• Advocates dedicating a year to learn trading fundamentals as it could significantly impact one's financial future positively.

Engaging with Successful Traders

Learning from Experts

• Encourages connecting with successful traders within the organization who earn substantial incomes, suggesting they can provide valuable insights.

Establishing Good Habits

• Advises creating consistent study habits and schedules to maximize benefits from educational offerings within the academy.

Time Management and Trading Strategy

Importance of Consistency

• Discusses how consistency is more beneficial than sporadic large gains; emphasizes daily earnings over occasional windfalls.

Timeline for Learning

• Outlines expected timelines for mastering different levels of trading skills: basic (90 days), intermediate (5 months), advanced thereafter.

Support Systems Within the Academy

Availability of Support

• Highlights live support chat options available during specific hours for addressing any issues related to accounts or operations within the academy.

Practical Application During Sessions

Hands-on Guidance

Encourages active participation by guiding individuals through practical steps like sharing screens during training sessions.

Navigating Platforms Effectively

Accessing Backoffice

• Guides users on how to access their back office effectively using provided links and credentials.

Transitioning From Demo To Real Accounts

Steps For Progression

• Advises practicing on demo accounts before transitioning into real account operations once comfortable with market movements.

Operating Hours And Market Dynamics

Understanding Market Timings

• Clarifies operating hours: Sunday evening until Friday afternoon; emphasizes no weekend trades except cryptocurrencies due to bank closures.