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

    Leading vs. Lagging Indicators

    There are two types of indicators: leading and lagging. A leading indicator gives a signal before a new trend or reversal occurs. These indicators help you profit by predicting what prices will do next. Leading indicators typically work by measuring how “overbought” or “oversold” something is. A lagging indicator gives a signal after the trend has started. Lagging indicators work well when prices move in relatively long trends. They don’t warn you of any upcoming price changes, they tell you what prices are doing (rising or falling) so that you can trade accordingly. You would “catch” the entire trend every single time IF the leading indicator was correct every single time. But it won’t be. When you use leading indicators, you will experience a lot of fakeouts. Leading indicators are notorious for giving bogus signals that could “mislead” you.

    The general approach is to use lagging indicators during trending markets and leading indicators during sideways markets.