Courses Infomation
Jeffrey Kennedy’s Package ( Discount 25% )
Jeffrey Kennedy’s Package ( Discount 25% )
Include:
$29
Jeffrey Kennedy – How to Trade the Highest Probability Opportunities. Moving Averages
Jeffrey Kennedy – Best of Traders Classroom
Jeffrey Kennedy – The Ultimate Technical Analysis Handbook
Jeffrey Kennedy – Traders Classroom Collection Volume 1-4 $39
Jeffrey Kennedy – Trading the Line $15
Jeffrey Kennedy – Trading the Line. How to Use Trendlines to Spot Reversals and Ride Trends $29
Jeffrey Kennedy – How to Spot Trading Opportunities (Parts I & II) $29
Jeffrey Kennedy – How to Trade Diagonal Triangles. Superior RiskReward Trade Setups (Parts I & II) $29
Jeffrey Kennedy – How to Trade the Highest Probability Opportunities, Price Bars and Chart Patterns $19
*Please refer to this site to know the content of each article
About the Author
Jeffrey Kennedy is Chief Commodity Analyst at Elliott Wave International (EWI). With more than 20 years of experience as an analyst and trader, he writes and edits Futures Junctures on commodity markets and provides daily video lessons on the Wave Principle, technical analysis and trading via Elliott Wave Junctures. He is also an adjunct instructor in the Quantitative and Computational Finance program at Georgia Tech, where he teaches technical analysis.
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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