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Day Trading With Short Term Price Patterns and Opening Range Breakout by Toby Crabel
Day Trading With Short Term Price Patterns and Opening Range Breakout by Toby Crabel
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explains the significance of thorough research on price patterns. searches for occurrences that may be predicted based on the relationship between opening, closing, high, and low prices. includes numerous frequently asked questions on short-term trading with computer-tested answers. includes 5 sections: Included are the outcomes of computer analysis for each of the following topics: 1) opening range breakouts, 2) short-term price patterns, 3) patterns of expansion and contraction, 4) combination of price patterns with expansion and contraction patterns, and 5) openings and closings that take place in different segments of a price bar. This book comes highly recommended for professional short-term traders.
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.
SIZE: 20 MB pdf
Salepage : Day Trading With Short Term Price Patterns and Opening Range Breakout by Toby Crabel
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