With this quick video, skilled trader and prestigious writer, Manesh Patel shows the forex market for the week ahead utilizing present market conditions to demonstrate some of the fundamentals of the Ichimoku Kinko Hyo support and resistance technique. Following the same approaches that are explained in his fx trading lab, he employs informative and current informative chart examples to illustrate how to enter and exit your currency trades. [youtube:VIxWpqZzSyY?fs=1;[link:Forex Trading Course With Ichimoku ];www.youtube.com/watch?v=VIxWpqZzSyY?fs=1&feature=related]
Ichimoku Kinko Hyo is a technical trend based strategy that demonstrates very clearly support and resistance levels in an easy to view method and is thought of as an extra feature of the well known candlestick charting system. In truth, this technique was invented on the idea that at “one glance” you will be able to easily detect whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Day Trading Fx using this method is a innovative method of trading that will change the way you look at and trade currencies as well as other markets (Stocks, Futures and Commodities). This specialized educational video will instruct the five important indicators of this trend based technique. You will not need to use any other indicators with this strategy for the reason that this system is the total package. Here are the indicators:
Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)
In using these five indicators, an investor can view what has what is occurring, what has occurred and what may just possibly occur for the vehicle that will be traded.
Your teacher, Manesh Patel, is a professional trader with the Affinity Trading Group, an expert in the Ichimoku Trading Technique and has composed what is already being talked about as a best-selling guide on this technique, “Trading With Ichimoku Clouds.” Mr Patel graduated with a Masters Degree in Engineering. But, his love has been trading the markets. A passion, that became his new career in 1996 and he now trades for a living full time. He not only teaches the art of fx trading but also is active in the markets and trades all asset classes except for bonds.
Affinity Trading provides day trading forex and stock market education for the active stocks and forex trader. See how their trading training can help you become a better trader.