Courses Infomation

Technical Analysis. The Basis by Glenn Ring

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 : Technical Analysis. The Basis by Glenn Ring

About Author

Glen Ring

Glen Ring is one of the nation’s most respected market analysts. With 30 years in the commodity industry, he brings a broad-based perspective to his work. Glen has been a producer/hedger, broker, trader, technical analyst, researcher, seminar speaker and newsletter editor. From 1987 through 1997 he was editor of the successful Trends In Futures newsletter. In 1997, he decided to strike out on his own and produce his own newsletter.

Glen is president of Glen Ring Enterprises, which focuses on providing information, education, research and support for traders, analysts, and other participants in the futures industry. Glen produces the biweekly View On Futures newsletter and the View On Futures daily update as well as many other educational products for people interested in the commodities and futures markets.

Glen is well known for his ability to take complex and advanced issues and present them in easy-to-understand terms. He has conducted seminars across the United States and in Europe. Glen is consistently ranked as one of the top speakers at major conferences. His videos and seminars have been well received.

Glen facilitates marketing clubs for farmers in east central and northeast Iowa. Having been born and raised on a farm in western South Dakota, he brings a down-home approach to his business.

Glen is a graduate of South Dakota State University and he and his family now make their home in the Cedar Falls, IA area.