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Consistent Traders Mastery Class from Simplertrading
Consistent Traders Mastery Class from Simplertrading
Archive : Consistent Traders Mastery Class from Simplertrading
- How to create a consistent equity curve so you can get off the roller-coaster and sleep at night.
- What the best setups are for a consistent equity curve so you know step-by-step what to trade.
- What the best option strategies are on those setups so you can plan for a consistent equity curve.
- What three setups you want to stop using right now if your main goal is consistency.
- How to stalk the occasional home run trade so you don’t miss out on the equity curve spikes that can make.
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 : Consistent Traders Mastery Class from Simplertrading
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