Course Content
Forex Beginners Level 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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What is forex?
What is traded on Forex?
How to trade on Forex?
When to Buy or Sell a Currency Pair?
Types of Forex Orders
Forex Beginners Level 2
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Types of Forex Market Analysis
Technical analysis
Fundamental analysis
Sentiment Analysis
Types of Charts for Forex Trading
Charts Types
Support and resistance
Trend Lines
Fundamental Forex Trading Strategies
Fibonacci Trading
What Are Moving Averages?
Bollinger Bands
Keltner Channels
MACD Indicator
Parabolic SAR
Stochastic Indicator
RSI (Relative Strength Index)
Williams %R (Williams Percent Range)
ADX (Average Directional Index)
Ichimoku Kinko Hyo
Best Forex Indicator
Forex Beginners Level 3
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Leading vs. Lagging Indicators
Chart Patterns
Head and Shoulders Pattern
Forex Trading course for Beginners (Free)
    About Lesson

    Ichimoku Kinko Hyo
    Ichimoku Kinko Hyo (IKH) is an indicator that gauges future price momentum and determines future areas of support and resistance.
    Now that’s 3-in-1 for y’all! Also, know that this indicator is mainly used on JPY pairs. So when CAN’T you use Ichimoku? When no clear trend exists. Basically, when the market is trading sideways, choppy, aka trendless. You’ll know it’s trendless when the price is oscillating on either side of the cloud.

    ✅Kijun Sen (blue line): Also called the standard line or base line, this is calculated by averaging the highest high and the lowest low for the past 26 periods.
    Tenkan Sen (red line): This is also known as the turning line and is derived by averaging the highest high and the lowest low for the past nine periods.
    Chikou Span (green line): This is called the lagging line. It is today’s closing price plotted 26 periods behind.
    Senkou Span (orange lines): The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen and plotted 26 periods ahead.

    How to Trade Using Ichimoku Kinko Hyo
    Senkou Let’s take a look at the Senkou span first. If the price is above the Senkou span, the top line serves as the first support level while the bottom line serves as the second support level. If the price is below the Senkou span, the bottom line forms the first resistance level while the top line is the second resistance level. Got it?
    Kijun Sen Meanwhile, the Kijun Sen acts as an indicator of future price movement. If the price is higher than the blue line, it could continue to climb higher. If the price is below the blue line, it could keep dropping.
    Tenkan Sen The Tenkan Sen is an indicator of the market trend. If the red line is moving up or down, it indicates that the market is trending. If it moves horizontally, it signals that the market is ranging.
    Chikou Span Lastly, if the Chikou Span or the green line crosses the price in the bottom-up direction, that’s a buy signal. If the green line crosses the price from the top-down, that’s a sell signal.

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