Courses Infomation

SOT Intermediate Course (May 2014)

SOT Intermediate Course (May 2014)

Archive : SOT Intermediate Course (May 2014)

The Intermediate Course provides the essential elements of successful day trading. Learn to use a trading computer, set-up trading charts, execution software, and automated trading systems.

You will learn our day trading strategies, Daily Routine, Price Patterns, and Trade-management strategies.

You will learn how to read the market-structure, determine proper position-size, and how to enter and exit the market like a professional.

The Intermediate course effectively prepares you for successful day trading in our Live Trade Room as an Advanced Member.

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 : SOT Intermediate Course (May 2014)

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