Simpler Trading – Pillars of Options Trading Class with Danielle Shay

Simpler Trading – Pillars of Options Trading Class with Danielle Shay

Course Detail

Salepage: Simpler Trading – Pillars of Options Trading Class with Danielle Shay

When learning something, especially trading, the starting point is always the ideal spot to start. However, a lot of traders skip the starting gate, and their trading suffers as a result. Without properly understanding the fundamentals, you cannot continuously be lucrative, which is why we created this course. This workshop is truly for “beginners.” You will find this lesson to be of the utmost value even if you have been trading for years but still discover that you are losing money more often than you are making it.

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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