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

    Wedge Chart Patterns

    Wedges signal a pause in the current trend. When you encounter this formation, it signals that forex traders are still deciding where to take the pair next. Wedges could serve as either continuation or reversal patterns.

    Rising Wedge

    Rising Wedge
    A rising wedge is formed when the price consolidates between upward-sloping support and resistance lines. Here, the support line’s slope is steeper than the resistance’s. This indicates that higher lows are being formed faster than higher highs. This leads to a wedge-like formation, precisely where the chart pattern comes from! With prices consolidating, we know a big splash is coming, so we can expect a breakout to the top or bottom. If the rising wedge forms after an uptrend, it’s usually a bearish reversal pattern. On the other hand, if it forms during a downtrend, it could signal a continuation of the downmove.

    Falling Wedge

    Falling Wedge

    Like the rising wedge, the falling wedge can be a reversal or continuation signal. As a reversal signal, it is formed at the bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.