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Ichimokutrade – Elliot Wave 101
Ichimokutrade – Elliot Wave 101
Archive : Ichimokutrade – Elliot Wave 101
This new software will demonstrate how Fibonacci analysis is expanded upon by Elliott wave theory. We will thoroughly go through all of Elliott Wave Analysis’s waves as well as its corrective waves. We’ll go over the guidelines for analyzing Waves 1–5. We will discuss the differences and similarities between Elliott Waves and Fibonacci Levels as well as how to combine the two. We’ll go over the issues with Elliott Waves and figure out how to fix them. We will walk you through trading the waves on many time frames and demonstrate how to apply this with actual trading instances. We’ll go through many Elliott Wave trading methods in detail, going over entrances, exits with legging out, and how to use these strategies with risk analysis and money management.
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.
Salepage : Ichimokutrade – Elliot Wave 101
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