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Money and the Markets. An Astrological Guide by Graham Bates & Jane Chrzanowska Bowles
Money and the Markets. An Astrological Guide by Graham Bates & Jane Chrzanowska Bowles
Forex Trading – Foreign Exchange Course
You want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
Size 5.1 MB
Synopsis: In the aftermath of the recession of the 1990s there is a growing awareness of the importance of cycles in business and finance. Many business people are now once again turning their attention to the world’s most successful system of cycles analysis – financial astrology. Financial astrology is the only forecasting system which has shown itself consistently capable of accurately predicting the timing of growth and recession, the movements of the stock market and the changing fortunes of individual companies. Recent predictive successes include: the timing and extent of the 1990s recession; the exact dates of the 1987 “Black Monday” stock market crash and the November 1991 Wall Street mini-crash. This book looks at the inner workings and methodology which underlie this powerful and precise cycles-based forecasting system.
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.
Salepage : Money and the Markets. An Astrological Guide by Graham Bates & Jane Chrzanowska Bowles
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