Chris Lori – Pro Trader’s Club
Chris Lori – Pro Trader’s Club
Course Detail
Salepage: Chris Lori – Pro Trader’s Club
Product Description
Here’s a list of a few of the items taught in the Price Action Course. While we show you exactly how we trade, the goal is to make you an independent thinker and trader, to the core.
-Price delivery, price behavior, liquidity and volatility, the core of market structure
-More about technology and why price moves the way it doeHow to enter, how to exit, and every detail in between
-How to expand the dimensions of your trading psychology into unexplored territory
-Specific and consistent tradable dynamics of volatility and why
-Institutional pricing engines and what it means for your trade management
-Primary Characteristics of a Price Swing, Price Relationships and Liquidity
-Understanding price relationships and why they’re so consistent
-Price action you will never see in a candlestick formation.
-Change in the state of liquidity in fast- and slow-moving markets
-Low Liquidity State, Variable Volume Flow and Liquidity Void
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.
More From : Forex & Trading
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