Dean Lundell – Sun Tzu and The Art of War for Traders

Dean Lundell – Sun Tzu and The Art of War for Traders

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Salepage: Dean Lundell – Sun Tzu and The Art of War for Traders

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Twenty-five centuries ago, Sun Tzu, master military strategist and tactician, wrote his classic treatise The Art of War, in which he outlined the simple but vital principles needed to win battles and wars. Now Vietnam veteran and securities trading superstar Dean Lundell shows you how to apply Sun Tzu’s battle-proven techniques to making enormous profits investing in stocks, commodities, bonds, and currencies.

About the author

Dean Lundell

Mr. Lundell is a former Vice President at Merrill Lynch Capital Markets and a Principal of a regional investment bank. Mr. Lundell was also an independent futures trader where he focused on the equity index, interest rate complex and foreign exchange markets and is a licensed Commodity Trading Advisor. He has written articles for financial magazines such as Futures and SFO as well as on-line publications Investopedia division of Forbes and Suite 101.com. as well Mr.

Lundell is the author of Sun Tzu’s Art of War for Traders and Investors (McGraw-Hill) and How to be a CTA for the Chicago Mercantile Exchange. In addition he has written educational material for a private consulting firm on large corporate and investment banking, interest rate swaps, foreign exchange and the fixed-income markets. Prior to his career on Wall Street, Mr. Lundell served with a sub-unit of the 82nd Airborne Division in Vietnam.

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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