Course Content
Module 1
What is forex?Forex is Foreign exchange.It is the opportunity 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.The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. The Forex market is a global, decentralized market where the world’s currencies change hands. Exchange rates change every second so the market is constantly moving. Most of the currency transactions that occur in the global foreign exchange market are bought (and sold) for speculative reasons. Currency traders (also known as currency speculators) buy currencies hoping that they will be able to sell them at a higher price in the future.
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Forex Trading Basics Level 1 (Free)
    About Lesson

    Chart Patterns

    Here’s the list of chart patterns that we’re going to cover:

    •Double Top and Double Bottom
    •Head and Shoulders and Inverse Head and Shoulders
    •Rising and Falling Wedges
    •Bullish and Bearish Rectangles
    •Bearish and Bullish Pennants
    •Triangles (Symmetrical, Ascending, and Descending)

    Double Top

    Double Top

    A double top is a reversal pattern that is formed after there is an extended move-up. The “tops” are peaks that are formed when the price hits a certain level that can’t be broken. After hitting this level, the price will bounce off it slightly, but then return back to test the level again. If the price bounces off of that level again, then you have a DOUBLE top!

    Double Bottom

    Double Bottom

    The double bottom is also a trend reversal formation, but this time we are looking to go long instead of short.
    These formations occur after extended downtrends when two valleys or “bottoms” have been formed. Remember, just like double tops, and double bottoms they are also trend-reversal formations.

    You’ll want to look for these after a strong downtrend.