Courses Infomation

Advanced Trading Techniques 2 CDs by Sammy Chua

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Sammy Chua is an experienced and successful trader (he cleared $10 million in 2000 and more than $1 million in the first half of 2001). He has developed two live daytrading courses, one for beginners and one for advanced traders. Chua began his trading career in 1998 after extensively researching the daytrading scene. In 1999 his daytrading turned profitable, and he hasn’t looked back since.

Without adequate instruction and knowledge about the key elements of trading, most novices fail, losing all their capital quickly. Technical Analysis of STOCKS & COMMODITIES lists trading courses in its Trading Resources section each year, but unfortunately, there are few reviews of these offerings in the financial press.

Sammy Chua is known as the “Muhammad Ali of Day Trading,” with audited returns of 2,000 percent in six months. He trades daily, but also consults and trains through Sammy Chua’s Trading School, LLC. The school trains nearly 500 students via direct seminars each year and sells nearly $100,000 in home-training materials each week.

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 : Advanced Trading Techniques 2 CDs by Sammy Chua