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Ichimokutrade – Ichimoku 101
Ichimokutrade – Ichimoku 101
Archive : Ichimokutrade – Ichimoku 101
This course includes the Ichimoku E-Book written by Manesh Patel and also includes a 2 hour recorded video course. This course will cover how to use, understand and trade with the Ichimoku cloud indicator. You will learn how to determine market sentiment which should enable you to make more accurate trading decisions. The course covers the background on how the Ichimoku Cloud Indicators work across all markets and time frames including, Equities, Futures and Forex. Some of the main topics covered in this course are:
- Ichimoku Cloud Components
- Ichimoku Cloud Internet Myths
- Trend Trading
- Ichimoku Cloud Strategies
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 – Ichimoku 101
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