Henry W Steele – Member Only Videos

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Henry W Steele – Member Only Videos

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Course Information: Member-Only Videos by Henry W. Steele (Rare Videos on GANN)

Time Cycles Indicate Trend in Stocks, Commodities, and Business
You need to have a well-defined plan and be familiar with the guidelines that have been in place for at least 50 years in order to succeed when investing in stocks or making commodity speculations. After learning the rules, you must eliminate guesswork, hope, and fear. If you then follow the guidelines, you will be successful.
When purchasing a set of instructions, research the individual who created it. If he was successful and made money with it, then you can afford to purchase the instructions and adhere to the regulations.
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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.