ICT Mentorship 2016-17

ICT Mentorship 2016-17

Course Detail

Salepage: ICT Mentorship 2016-17

The Course: Developing Your Institutional Perspective on Price Action in Technical Analysis: What Every New & Aspiring Forex Trader Wants to Know Inside is where you’ll get the most comprehensive market trading training.
Content:
Growing small accounts without high risk in Month 1. Elements of a Trade Setup in Month 2.
Choosing a timeframe and defining configurations for your model in the third month.
Effects of Interest Rates on Currency Trades in Month 4, followed by Month 5’s implementation of Macro Analysis
Week Seven: Short-Term Trading Model for Month Six’s Swing Trading Model
Month 8: Day Trading Model Month 9: Enhanced Day Trading & Scalping Month 10: Commodity Trading Principles
Mega-commodity trades in month 11
Overview of the previous 12 months

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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