Candlesticks and Ichimoku Strategies
Ever since the rapid development in internet world, online trading in foreign
exchange is getting more and more popular, with narrower spreads provided by
majors internet brokers, countless numbers of investors have been attracted to
participate in day to day forex trading.
Methods used by individual investors to analyze the forex markets and make
trading decisions include fundamental analysis and technical analysis. In view of
the enormous trading volume (way beyond all stock markets of the world, forex
markets trade about US$ 4 trillion per trading day), we believe the forex market
is a perfect place (some consider the forex market as the closest example of a
perfect market condition described in economics) to apply technical analysis to
enhance your trading profitability.
you will learn basic technical analysis techniques such as trend analysis, pattern recognition and Fibonacci percentage of retracements and projections. In addition, focus is on two technical charting tools both invented by Japanese people, the Candlesticks and the Ichimoku Kinko Hyo. These two methods works amazingly well in forecasting the market movements especially in recent very volatile market condition.
We will use recent examples in describing how to use these tools to formulate
objective trading strategies.