Ichimoku Stochastic Scalping Forex Indicator MT4

Ichimoku Stochastic Scalping Forex Indicator MT4

Course Detail

Salepage: Ichimoku Stochastic Scalping Forex Indicator MT4

Trading guidelines for Ichimoku Stochastic Scalping

Purchase Price between the green dots or above the medium Ichimoku.
Purchase MMS arrow of Dot.
first-loss threshold lower than the prior swing low.
Predetermined profit objective or closing position at the opposite arrow.

Sell at the red dot or below the medium Ichimoku.
Sell MMS arrow of Dot.
first stop loss over the swing high from the prior swing.
Predetermined profit objective or closing position at the opposite arrow.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

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