Courses Infomation

ADXcellence. Power Trend Strategies by Charles B.Schaap

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.

Full and complete, detailed explanation of ADX, a popular indicator found in most technical analysis software programs. This is the definitive and only complete work on the subject. Shows specific trading strategies including how to find attractive trading opportunities, enter and exit trades. A one-of-a-kind masterpiece that no serious technical trader of stock or futures should be without.

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 : ADXcellence. Power Trend Strategies by Charles B.Schaap

About Author

Charles B.Schaap

Charles B. Schaap, Jr., D.O. is a northern California native and grew up in the beautiful Russian River valley. The son of two, small-town physicians, he practiced medicine for 15 years before transitioning to the life of a full-time trader of equities and futures. He is the author of ADXcellence–Power Trend Strategies (2006) and Invest with Success–Big Profits for Small Investors (2008). Dr. Schaap has written numerous articles for trading and investment publications, broadcasted many educational webinars, and is a sought after speaker at international conferences on trading. He loves old movies (Cassablanca), desserts (hot fudge sundae), music (Rachmaninoff) and traveling (Umbria, Italy).