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Professional Trading Strategies presented by Live Traders
Professional Trading Strategies presented by Live Traders
Archive : Professional Trading Strategies presented by Live Traders
advanced trading strategies and pattern analysis
How to start your career off well.
Patterns and tactics used in technical analysis charts.
how to determine when to trade.
Discover how to draft your own trading strategy.
For success, cultivate good psychological and mental habits.
“I was finally able to comprehend the mindset of a professional trader at LiveTraders thanks to Anmol and Jared, who made everything simple to access and understand. Both the Strategy Class and the PTS Course, which covers both the business and psychology of trading, were groundbreaking. I’ve figured out how to read the markets from a professional’s vantage point and where my personality fits into the trading world. I’m a LiveTrader and I’m in a new, professional, and pleasant atmosphere where I can learn and develop.”
J. Cameron
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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More From Categories : Forex Trading Courses
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