Courses Infomation

Abe Cofnas – The Secrets to Successful Forex Trading 2004

Abe Cofnas – The Secrets to Successful Forex Trading Interactive CD-Rom course from TradingMarkets

How This Course Is Laid Out

What are my instructional objectives? First, to teach you the core body of knowledge that a trader needs to know about Forex. Second, to provide you with insight on how to apply geopolitical analysis to this market. Finally, to teach you technical analysis and trading strategies that you can apply immediately to trade Forex.

In Section I on Forex Basics, I will teach what Forex is, how it differs from other trading vehicles such as stocks and E-minis and how trading them can give you an edge that is not available in other markets.

Section II is titled How To Use Geopolitics, News and Economic Fundamentals To Predict Forex Price Movement[/url]. In this section, you will learn how information about economic events affects the price movement of the major currency pairs.

In Section III, I’ll talk about Harnessing The Power Of Plain Vanilla Technical Analysis. Here, you’ll see how common technical analysis patterns and tools that are sometimes not taken very seriously in the equities world can be highly potent in Forex.

In Section IV, My Favorite Trading Strategies, I’ll teach the most powerful and effective strategies that I myself use to trade the Forex.

Finally, In Section V, you’ll take a Final Exam. In this exam, I will not only test you on the material taught in this course, but also train you to think like a successful Forex trader by putting you in a wide variety scenarios and situations.

What is forex?

Quite simply, it’s the global market that allows one 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.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Abe Cofnas – The Secrets to Successful Forex Trading 2004

About Author

ABE COFNAS is a leading-edge trainer and analyst in currency and binary option markets.He is a columnist for Futures magazine and the publisher of the BinaryDimensions newsletter.His companies develop advances in trading and training technology focusing on algorithms that “watch” traders and evaluate their performance. He is developing financial gamification platforms that enable users to Learn, Play, and Win at trading financial markets without risk.