Jeff Bierman – Power of the Ichimoku Cloud Trading System
Jeff Bierman – Power of the Ichimoku Cloud Trading System
Course Detail
Salepage: Jeff Bierman – Power of the Ichimoku Cloud Trading System
Product Description
During this class you will learn the Ichimoku Cloud Trading system from Professor Jeff Bierman. Here’s what you will learn in this class:
âś…An Understand of the History and Concept behind the “Cloud” trading system
âś…How to identify the Components that comprise the Ichimoku trading system
âś…How to grasp the Formulas assigned to each Ichimoku component
âś…How to recognize and adhere to the Trading Signals generated by the Ichimoku system
âś…How to change the way in which you evaluate trading opportunities
âś…How to reassess your current set of trading indicators
âś…How to implement the Cloud system as a dimensional part of your personal trading discipline
âś…Perfect for new traders who want an understanding of how to use technical analysis or for advanced traders who suffer from analysis paralysis
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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