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Mark Douglas – Trading Psychology [4 mp3]

Mark Douglas – Trading Psychology [4 mp3]

Archive : Mark Douglass – Trading Psychology [4 mp3]

In this six-hour presentation, Mark helps those traders who may not have an extensive knowledge of how the markets work or interact with the individual or institutional trader ~ have a deeper understanding of just what trading is all about.

If you are relatively new to trading, or still have challenges when it comes to grasping the intricate relationships between the markets, market movement and how you perceive opportunity, then this workshop may be very beneficial to your trading career.

In this workshop Mark will go over:

trading skills
the three developmental modes of trading; mechanical, subjective, intuitive
the dynamics of price movement
characteristics of technical analysis
the relationship between the math and market movement
And much more!

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.

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.

Salepage : Mark Douglas – Trading Psychology [4 mp3]

About Author

Mark Douglas is famous within the world of trading and is currently the president of Trading Behavior Dynamics, which delivers training programmes to assist with trading psychology at financial institutions.

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