Courses Infomation

The Unofficial Guide to Making Money on eBay by Lynn Dralle

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

This title presents the inside scoop…for when you want more than the official line! More than 430,000 people run full- or part-time businesses on eBay. Whether you want to become a PowerSeller yourself, supplement an established bricks-and-mortar business, or just make some extra money by cleaning out your garage and attic, this guide will help you get your merchandise going? going? gone! It tells you how to do everything from opening your seller’s account and listing your items to collecting the payments. Chockfull of tips, techniques, and expert advice from ‘The Queen of Auctions’, Lynn Dralle, it includes: vital information for maximizing your sales, including the top ten eBay categories; insider secrets on acquiring merchandise, creating effective listings, earning positive feedback, and more; money-saving techniques, including the best ways to ship various types of merchandise; money-making techniques, such as selling collectibles individually rather than as a set; time-saving tips, such as setting up efficient areas for staging, storage, and shipping; and, the scoop on the latest trends, including Buy It Now sales and eBay drop-off stores.

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 Unofficial Guide to Making Money on eBay by Lynn Dralle