How to make money on Forex for a beginner

1. How to make money on Forex for a beginner? The Forex market attracts with its earning opportunities and frightens with its complexity. Just imagine the volume of turnover of the world currency market (the average daily turnover of 4 trillion us dollars) and the opportunity to grab a tiny share of it is tempting. Once you try it, It will be difficult for you to stop. But not everyone can use this opportunity for their own good. Most often, newcomers merge their Deposit in a few days. The Forex market is not as simple as it seems. Judge for yourself, if everything was easy, then every schoolchild would already have their own yacht. But this does not happen. You need to start correctly In order not to get into a mess, as the General mass of beginners, you need to take Forex seriously or do not start at all. 1. Start with training The very first question You should ask yourself is, " What do I know?" And the answer to it is more likely to be disappointing. Without understanding the fundamentals of the market, Forex trading turns into a casino, and this should not be. The actions of a real trader are always considered and considered. 22 465a3 Here you have 3 ways: Self-learning is a long and time-consuming process. You will have to raise a huge iceberg of knowledge. Although self-learning with current technologies has become easier, you will not be able to find all the information. Training with a broker is the most unsuitable option. Training is sparse, sometimes limited to just explaining basic concepts. "Free education" is just a name that is not supported by anything. You are trained only after opening an account on their platform.

2. Special courses are a more reliable and faster option, perhaps the best for starting. Experienced traders will explain "what is the market?" on their fingers, teach you how to trade and send you on your way. But you will have to pay for this knowledge. 2. Broker Selection, practice After getting the theoretical part of Your knowledge, you need to go to practice. At this stage, it is too early to open a real account, so you should open a demo account. Not all brokers offer this option,but they do. A demo account is opened absolutely free of charge, and there is no difference in trading. 33 efc0a This way You can hone your strategies in practice and understand what lies ahead. Even when you open a real account, don't forget to practice your strategies on a demo account. Do not stop at one or more strategies, learn and improve new ones. 3. Account opening Now it's time to switch from blanks to live ammunition. After training in theory and practice, you should go to your earnings. By opening an account with your chosen broker, the risks are real, do not forget about it. Now your revenue will depend only on how effectively you analyze charts and forecast price movements. 55 5bee3 At this stage, even the "experienced" traders are nervous. The most important thing is discipline. It is important not to lose your temper. Conclusion

3. Not everyone can go from a novice trader to an experienced one. After all, the Forex market does not forgive weaknesses. But with the right approach, You will be able to do it. Study and study every day, and the result of Your work will be stunning! And we will help you with this by providing excellent materials for training, such as the Ichimoku indicator. Ichimoku Indicator You are on the page of the step-by-step guide to the "Ichimoku" indicator, thanks to it You will quickly learn the indicator and start trading with a good profit. The Ichimoku Kinko Hyo indicator combines several useful characteristics at once: the definition of a trend; identifying support/resistance levels; search for entry zones/exit positions. The Ichimoku indicator, which is described here, has an interesting feature: some lines can be considered as moving averages (Tenkan, Kijun and Senkou B), their totality as an analog of the MACD, and the Chikou line is a momentum indicator. Any technical analysis indicator cannot be the only source for making a decision and must be confirmed by additional signals. However, there are tools that do not require this and are themselves a comprehensive trading strategy that takes into account all market factors that affect the price, such as the Ichimoku Kinko Hyo indicator. Developed by Japanese stock analyst Hosoda to predict the movement of the Nikkei stock index, but in the Forex market, it almost does not give false signals. Moving averages are used in the calculation, so it is best to use them in trending areas – when the sideways movement (flat), the Ichimoku indicator begins to give false signals. Structure of the Ichimoku indicator It is included in the basic set of all popular trading platforms and consists of five lines on the chart, four of which are calculated as the average price range for certain time periods. The breakdown of lines indicates a change in the balance of power between buyers and sellers – a similar approach is followed by the Elliott wave theory, but the Ichimoku indicator is not tied to the closing prices (Close), which makes it more accurate. Ichimoku indicator Ichimoku indicator in the MetaTrader terminal. Click the button to go through the step-by-step guide to the Ichimoku indicator and master the indicator in 5 simple steps Study " Tenkan-Sen (Tenkan sen). It is used for short-term price movement or "small trend / reversal". Calculated as the median of the first interval according to the formula (High+Low)/2. By default, 9 calculation periods, the greater the angle of inclination, the

4. stronger the short-term trend, also works as a strong support/resistance level, the breakdown of which will be the first reversal signal. Kijun-Sen (Kijun sen). Indicates the direction of a "long" trend and is the main element of the Ichimoku indicator. If the market goes above the line, there is a high probability of continuing the uptrend, and you need to look for confirmation of the buy signal, respectively, below it there will be a continuation of the downtrend and you should only consider selling (SELL). It is a moving average with a period of 26. if the default value is changed, the new period must be at least 3-4 times longer than Tenkan Seng. Senkou Span A (Senkou A, Kumo Up). The first or upper leading line of the Ichimoku indicator, which is the average of the range between Tenkan-Sen and Kijun-Sen, shifted forward for its period. Senkou Span B (Kumo Senkou A B Down). The second "lower" lead line is calculated as the middle line, shifted forward for the Kijun-Sen period (by default, 52). The Ichimoku indicator displays a shaded area between Senkou Span A and B called the "cloud" (Kumo). If the price moves inside it, this means a period of consolidation, the borders are considered as strong resistance confirming the breakdown of other lines. The upper one confirms the uptrend, while the lower one confirms the downtrend. Chinkou Span (Chinkou Span). The last fifth line is the price chart at closing prices, moved forward for the Kijun-sen period. Like the cloud, it is used for final confirmation of the signal and is almost a complete analog of Momentum, which shows the current dynamics of the market. The Ichimoku indicator is good because it reacts without delay to the appearance of a new price extreme. All lines represent a 50% price pullback level, which is widely used in wave theory to determine the moment of entry point when the beginning of the trend is skipped. Click the button to go through the step-by-step guide to the Ichimoku indicator and master the indicator in 5 simple steps Explore " Setting up periods Before using the Ichimoku indicator, you need to make sure that the time intervals of its lines are correctly configured for a specific trading instrument and time frame. The author set the default values for periods 9, 26, and 52. At that time, these were the optimal values for forecasting the Nikkei index and it should be noted that the stock market is less dynamic than Forex even after the appearance of high-frequency trading. Learn more about numbers: 52 is the basic parameter of the Ichimoku indicator and is equal to the number of weeks per year to determine the direction of the global trend. 26-half of the annual cycle. This division is widely used in the analysis of financial markets for trading on a medium-term trend. The same value as the most optimal is indicated by the elder for setting up oscillators. 9 - short-term movements, the value was selected empirically based on historical data. The Ichimoku indicator in the classic combination "9-26-52" gives reliable forecasts for the half of the weekly cycle, but when strong fundamental events are released, the logic

5. "breaks" and false signals appear. However, this behavior is observed on most technical tools. For use in Forex, new combinations of parameters have been developed that show stable results on major currency pairs such as: «2-24-120». The maximum historical period is a week. In parallel, intraday volatility and its half range are analyzed. The combination showed stable results for intraday strategies and on small timeframes (M1-M15). In the case of a medium-term trend, the signals of the Ichimoku indicator significantly reduce the accuracy. «24-60-120». A more "slow" option that reduces the number of false signals on the average market. We recommend pairs with medium or low volatility. «120-240-480». For hourly charts, the maximum historical period is a month. Settings can be considered "transitional" from intraday to day trading. At the same time, the periods of inter-day correction are smoothed, which on a more "shallow" Ichimoku indicator look like a channel within which you can open deals, but in fact most of them are false. But if you manage to get on the monthly trend, when the Ichimoku cloud is broken, you can take a significant profit. However, we should not forget about money management, especially on volatile pairs. the indicator settings Examples of settings for the Ichimoku indicator parameters. Trading signal The Ichimoku indicator simultaneously uses two trading strategies: the trend strategy, in which signals occur at the intersection of lines or change of their movement, and the channel strategy, where trading occurs from their borders or after a breakout. Now let's look at the signals in more detail. Intersection of Tenkan-Sen and Kijun-Sen Here you also need to look at the position of the lines relative to each other and Senkou Span B. If all three lines are moving in the same direction, this can be used as a pointer to the direction and strength of the trend: three up will confirm the upward movement, three down will confirm the downward movement. As long as the trend persists, we keep the position open, i.e. we act similarly to the "alligator" indicator and close as soon as the lines begin to intersect. Intersections of lines are called "crosses": Kijun is broken through by Tenkan from the bottom up or "Golden cross" will be a buy signal. Opposite conditions for sale: Tenkan punches Kijun from top to bottom or "Dead cross". We use the cloud to evaluate the signal strength. For purchases, the intersection must be above the upper border of the Kumo, for sales beyond the lower border. If the opposite

6. situation is observed, the signal is considered weak and beginners should wait for the next one. "Crosses" inside indicate a neutral signal, and you need to open only taking into account the data of the oscillators and volume. Breakdown Of The Kijun-Sen One of the most reliable signals of the Ichimoku indicator and works as a moving average: a breakdown from the bottom up opens Buy, the reverse situation for Sell. The Tenkan position should be taken into account: If the breakout goes in its direction, it is likely to indicate the continuation of the trend, especially when the price has tested the Kijun several times before. When the Tenkan is behind the price at the moment of crossing on the indicator, Ishimoku gives a signal about the end of the current movement and the transition to the consolidation period, or even a reversal, if the pair has high volatility. We determine the strength of the signal, as in the previous case – we look at where the cloud is relative to the breakdown. The intersection of the Senkou Span A and B In this case, the Ichimoku indicator determines the moment when the correction begins in the direction of Senkou A or a full reversal of the trend. The signal is ahead, since both lines are shifted forward relative to the price, but it is important to get confirmation, for example, from the overbought/oversold oscillators. The intersection point can be taken as a zero level and act similarly to the MACD indicator. If the cloud starts to "grow" up, open the purchase, respectively, "down" for sales. Experienced traders take into account the discrepancy (divergence) of Kumo and oscillators, which gives strong entry points, but this tactic is only applicable on timelines older than H1 and such signals occur quite rarely. We look at the signal strength by Chinkou Span. For purchases, the intersection must be above the line, for sales below. However, it all depends on the current situation, and before using the Ichimoku indicator, analyze the features of the trading asset. Perhaps this confirmation can be ignored. Please note that the breakdown of Senkou Span B, which is responsible for the direction of the long-term trend in the Ichimoku indicator, will be the first confirmation of a possible change in the General trend. This is a strong level of the current balance of power buyers/sellers and the breakout is usually accompanied by several retests with large Japanese candles and volumes. Therefore, it is not recommended to open up at such times until the situation is clarified. The Chinkou Span Crossing Recall that the line is shifted forward relative to the price for the Kijun period, so it is used as a" slow " moving average to confirm intersections of other lines. Rebound / breakdown of Kumo borders

7. This is where most false signals occur, although if the cloud is large enough in width, it is quite possible to trade, especially during periods of sideways movement. The rules are the same as in other channel indicators (Bollinger Bands, Envelopes): Breakdown. The candle closes above the upper limit for buying and the lower limit for selling. Rebound. Opposite conditions – candles near the borders are closed inside the Kumo. We look at the strength of the signal by the direction and "mood" of the market, which is shown by the indicator. The Ichimoku cloud should be directed towards the signal and there are modifications in which the Buy and Sell areas are highlighted in different colors. If the directions do not match, it is better not to open a position. Recommendations on the signals of the Ichimoku Weak signals include those that occur at the borders of the cloud and many traders believe that you can open a deal immediately after the breakout candle closes. As practice has shown, it is better not to make fun of the opening, since after entering the Kumo cloud, the market usually "slows down" for some time and it becomes difficult to make any forecasts. We recommend moving the Stop Loss closer to the cloud and monitoring the situation. If the market continues to move in the right direction, we hold an open trade, and you can also use a trailing stop. A neutral signal can be considered the intersection of Kijun-sen from the bottom up Tenkan- sen and the price at this moment continues to go inside the cloud. With one hand on the Ichimoku a clear signal, but on the other the market has passed the stage of uncertainty and need to make a decision – to enter the market that is enough risky, or stay out of the market? Experienced traders believe that it is possible to open a trade, but you need to keep an eye on the cloud. If the price breaks through the opposite border, you need to either move the stop loss to breakeven or close the deal. In turn, the price going beyond Kumo will be the most reliable signal of the Ichimoku indicator. It is at these moments that strong price impulses appear and you can either enter a new trend or add to the current strong movement. Here it is important to make sure that the breakdown is true, especially when the cloud breaks through and do not forget about money management. Ichimoku indicator and additional analysis tools The author intended to use the indicator primarily as an additional confirmation of graphical analysis patterns. The opposite approach is also effective: the first factor will be the signals of the Ichimoku indicator supplemented with candle configurations, which often occur in the breakout or pullback zone. Here you need to follow the rule: the price Action candle pattern must confirm the signal. It makes no sense to use moving averages as additional tools, since they are already present in the Ichimoku indicator. It is better to Supplement it with oscillators that reflect the trend dynamics and the current balance of power buyers/sellers. When determining overbought/oversold moments, remember that on a long-term strong trend, the RSI and Stochastic indicators tend to" stick " in the extreme zones even when the reversal has started – here the graphical analysis works faster.

8. filter signals with oscillators The Ichimoku cloud indicator and confirmation of the breakout by oscillators. Market volumes will also be useful, even if they are ticked. When the cloud breaks through, they increase sharply, especially when exiting the flat period. Conversely, when the movement ends, it is primarily seen by the decrease in Volumes, although the price continues to follow the current trend for some time. The Ichimoku indicator gives a stable profit on most financial trading assets (currencies, stocks, futures and options). But keep in mind that with the basic settings, it gives a significant delay on timelines less than a week. For intraday trading, a proportional decrease in values is necessary, and then the reliability of signals remains within acceptable limits, decreasing only during periods of fundamental news and speculative actions of major players. we hope that this article was useful for you, on our site you can also find watches for brokers https://signal-means-profits.com/reviews/recommended/reviews-about-stockglobal- and-how-to-see-a-scam.html the article was written with the help of https://www.wikipedia.org