Courses Infomation
PayTrading by Eric Shawn
PayTrading by Eric Shawn
Describe PayTrading.
PayTrading is a general name for strictly timed upgrade trading for short-term gain in a long-term structure based on the historically occurring propensity of fundamentally qualified, upgraded equities to exhibit relative lows at a particular point in the trading day. (From the website of Eric Shawn, the founder). A novel investment strategy that yields 1% over an average of 8.4 days
Doesn’t PayTrading seem almost too good to be true? According to Eric Shawn, with just $2000, a person may amass $1,000,000 in just 10 years. This is predicated on a 1% gain across 625 deals. According to some users on the Download.com website for PayTrading, commissions would erase any earnings with a $20 charge.
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 : PayTrading by Eric Shawn
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