☕️ GM Munchers! This is Pip Munch—the trading newsletter for everyone who’s ready to leave that 9-to-5 grind behind and finally live off prop firm payouts...or at least give it their best shot. 💸📈

On today’s menu:

• What A $5,000 Forex Course Taught Me 💰️ 

• Why FTX Could Skyrocket Crypto Prices 🚀 

• China’s Stock Market Is Crashing 📉 

My Secret To Passing Prop Firm Challenges 🤫

The only reason you’re reading this newsletter? To make money. 💸

More specifically, money from trading. And by now, you know (hopefully) the best way to do that is with prop firms.

But before you listen to anything I say about how to approach prop firms, you're probably wondering, why should I trust this guy?

Here’s the best part: Anybody can do this.

I’m only like a 4/10 trader but I’ve been through it all:

• Spending over $10,000 on Forex courses 😭 

• Blowing over 10 personal accounts 😡 

• Struggling for over 4 years ⏰ 

However, between the tears, empty bank accounts and wondering if trading was really for me, I finally learned a few secrets that made all the difference.

Here’s the biggest one.

Forget The Charts 💹 

In 2018, I spent $5,000 on a 3-day trading course. 💰️ 

Insane? Yes.

But this was the most valuable thing that I took away from it:

You need to know what the charts are doing before you even open your laptop.

Let me say that again—Forget the charts!

Now, you might be wondering as I was, how is that even possible?

I learned that the best traders weren’t glued to their screens trying to decode candlestick hieroglyphs. Instead, they understood why the market moves.

In other words, the key is Fundamental Analysis 🔑 

The Secret Sauce = Fundamental Analysis 🔑

Here’s the kicker: 90% of traders only rely on technical analysis, obsessing over trendlines and indicators.

But 90% of traders also fail. ❌ 

Coincidence? I don’t think so.

To make consistent money, you need to understand what’s driving the market.

So, instead of diving straight into my charts every morning, I start my day by checking:

• ForexLive

• CNBC

• ZeroHedge

• Twitter

Learning about what was happening worldwide, I started understanding how events and news would impact the market.

• A potential war breaking out? I knew to buy the US Dollar and Japanese Yen (two safe haven currencies). 🇯🇵 

• Are interest rates getting hiked? Then it was time to buy the Dollar and short Gold (as they’re inversely correlated) 🇺🇲 

• Tensions with the Chinese economy? Then I want to be shorting the Australian Dollar (more on that below). 🇦🇺 

The bottom line?

The market doesn’t move 500 pips because of some trendline; it moves because of what’s happening in the real world.

Why Fundamentals Are Rare 🧐

Why do influencers try and have traders believe that by technical analysis alone they can become the next Michael Burry?

Because fundamentals are hard. ❌ 

Fundamental analysis requires constant studying and tracking of global events.

You can’t just draw a line on a chart and call it a day.

Market dynamics and sentiment change constantly, so your analysis needs to be updated frequently.

But there’s good news: Because 90% of traders don’t even spend a single minute checking the news, you can easily gain an edge by going that extra mile.

TLDR 🧵 

• The market doesn’t move because of some trendline or key level. It’s because of what’s happening in the real world. 🌍️ 

• Get to a point where you know if the chart is moving up or down before you even look at the charts. 💻️ 

• Ready to learn? This video is a great place to start. ✅ 

⏰ Want a Prop Firm with No Payout Headaches?

Look no further than Lark Funding!

With their brand-new $500 Payout Guarantee, if you don’t receive your payout within 24 hours, they’ll pay you an extra $500. No questions asked.

Here’s what you get:

• ✅ $500 Payout Guarantee (if you don’t get paid in 24 hours)

• ✅ 20% Off All Challenges

• ✅ Free Double Leverage Upgrade

Don’t miss out! The promo ends soon. Use code NOSTRESS500 today!

Things Are Getting Bad In China 🇨🇳😬 

Something strange is happening in the Chinese markets right now.

Hong Kong’s Hang Seng index just had its worst trading day since 2008, sinking 9% in a single day. 📉 

Meanwhile, mainland China’s stock market? Up over 5% at the open. Talk about a split personality!

This wild divergence is the largest single-day split between the two markets in history. It’s like stocks in NYC soaring while Philly crashes.

What’s Going On?

1/ No New Stimulus 🛑 — China’s National Development and Reform Commission (NDRC) didn’t announce any new stimulus plans, which left investors hanging. Everyone was hoping for a big reveal, but got… nothing.

2/ Mixed Expectations 🤔 — The two markets reacted differently to the lack of action. Mainland investors seem chill about long-term growth, while Hong Kong expected immediate stimulus and threw a tantrum when it didn’t happen.

3/ Taking Profits 💰 — Some Hong Kong investors may just be cashing out, moving their money into mainland stocks where the vibes are a bit more optimistic.

What It Means For Traders 💻️ 

Fundamental Analysis 101: The Australian Dollar 🇦🇺 is often used as a proxy for trading the Chinese Yuan.

• When China does well, AUD benefits.

• When things go south? Time to short AUD.

Check out this AUD/USD chart below to see the bearish vibes.

The takeaway?

As long as China keeps everyone guessing and the Federal Reserve is limiting the upcoming rate cuts, we’re grabbing shorts on AUD/USD every chance we get.

☕️ Pre-Market Fuel

1. FTX is about to redistribute $16 billion in cash to its creditors. Some say this is bullish for the crypto market, others say its bear’s bearish. 📉 

2. Speaking of crypto… Somebody just bought $15 million worth of Bitcoin. 🤑 

🍪 Munchy Memes

Share Pip Munch

Chances are you have some trading friends. Why don’t you be a pal, share Pip Munch and earn some goodies for it?

You currently have 0 referrals, only 1 away from receiving The Trading Plan That Helped Me Pass 4 $100,000 FTMO Challenges.

Or copy and paste this link to others: https://pipmunch.com/subscribe?ref=PLACEHOLDER