Andy Green – Practical Tools To Enhance Your Trading
Andy Green – Practical Tools To Enhance Your Trading
Course Detail
Salepage: Andy Green – Practical Tools To Enhance Your Trading
Product Description
Many traders are simply putting in the hours, thinking that if they spend enough time around the markets, analyzing charts, reading books, and studying courses, their skill level will improve. “Putting in hours” is necessary when you are starting out, as there is a lot to learn. But putting in hours won’t necessarily increase your profit potential. If you always do the same thing and make the same mistakes, putting in the hours will just ingrain those habits even more.
To improve, make repeated and deliberate choices. Here are things to start doing today to improve your performance. Andy Green – trading technology expert
Andrew D. P. Green PhD
A flexible and experienced technologist with strong financial experience and communications skills possessing real world CTO/CEO experience.
Extensive background in complex financial information systems, intellectual property, technology business development, IT security, and Technology Businesses.
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.
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