Courses Infomation

The Definive Guide To Futures Trading (Volume II) by Larry Williams

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 : The Definive Guide To Futures Trading (Volume II) by Larry Williams

About Author

1962 was when Larry began following the markets. His interest was sparked by the Kennedy market crash, when President Kennedy forced a roll back in steel prices. The crash was front page news everywhere. People lost millions but Larry was more taken by the fact that if you had been “short” the market, you would have made millions.

Larry began to understand that he could make a $100 day trading the markets, whether the market was going up or down. He was smitten. To a 20 year old college kid, $100 bought a lot of beer and pizza. Larry Williams graduated from the University of Oregon in 1964 with a bachelors in Journalism, thus his passion for writing.

By 1965 Larry was actively trading the markets and began writing a newsletter as well. It wasn’t long before Larry began producing ground breaking market research. In 1966 Larry developed his famous timing tool, Williams Percent R. This tool still is published daily in many major financial papers and is a standard indicator provided on trading web sites, software, and apps around the world.

On the Campaign Trail with President Reagan
In 1970 his first investment book, “The Secret of Selecting Stocks For Immediate and Substantial Gains”, was published. Larry followed that with the first book ever on the seasonality of stocks and futures, “Sure Thing Commodity Trading, How Seasonal Factors Influence Commodity Prices”.

In between trading, researching and developing trading tools, teaching, and writing, Larry managed to run twice for the U.S. Senate as well as 76 marathons.

Larry with President Reagan 1987 on Air Force One
Larry’s long list of best-selling books includes 1982’s “How to Prosper in the Coming Good Years” which accurately forecast the largest bull market and surge in economic growth in American history. He is a past board member of the National Futures Association and the recipient of numerous awards, including Futures Magazine’s first Doctor of Futures Award, the Omega Research Lifetime Achievement Award, Significant Sig (a Sigma Chi acknowledgement), Traders International 2005 Trader of the Year, on October 6, 2002 the mayor of San Diego declared that day as Larry Williams’ Day, and 2014 MTA (Market Technicians Association) Man of the Year Award.