Courses Infomation

Trade on the Fly by Michele

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.

About Michele

Michele has been a full time trader since 2001. Her style includes both day and swing trades, with an emphasis on swing trading.

“One of the biggest rewards for me with the TradeontheFly community is helping other traders…..I love seeing the light bulb go off for new traders and get a lot of satisfaction from hearing that something I explained in a webinar or on my site has been added into a traders tool belt.”

In 2013, Michele verified $545,000 in trading profits on Profitly. In 2012, Michele started sharing her trade ideas and setups on her blog TradeontheFly as well as including some stories on rural life in Montana.

Michele graduated from Montana State University with a degree in Finance. She grew up in Montana and still lives there with her husband and many 4-legged kids. They enjoy fly-fishing, hunting, hiking, riding and skiing. Michele also serves on the Board of Directors forTraders4ACause.

Michele – Trade on the Fly DVD contents:

Chapter 01: Introduction

Chapter 02: Getting Started

What Is Swing Trading?

Pross of Swing Trading

Cons of Swing Trading

What Are ETFs?

Examples of ETFs

Why You Should Care About Technical Analysis?

What Is Technical Analysis?

What Is Chart?

Types of Chart?

What Are Technical Indicators?

Which Technical Indicators?

Strategy – What Is Your Trade Plan?

Your Trade Criteria

Review

Chapter 03: Introduction to Technical Analysis

What Is Technical Analysis?

Technical Indicators

Chapter 04: Long Setups

“Long”depicts the direction you wish the stock to go

“Long” has nothing to do with the length of time you are in the trade

Buy low, sell higher

Several chart patterns,lets go over few

Chapter 05: Short Setups

Bearish setups

Profit from the price going lower

Four main patterns

Chapter 06: Support And Resistance

Develops over time

Helps us find good risk to reward areas to enter positions

Helps with areas to exit as well

Once key support breaks, it often becomes resistance – and visa versa

Chapter 07: Tools of the Trade

Finding setups

Using multiple timeframes to find entries

Using the technical indicators

Managing the trade & exits

Chapter 08: Questions & Answers

How do I scan and find setups?

What brooker do I use?

Do I use level 2?

I´m a new trader and I can´t find my way

I’m trying incorporate swing trading into my strategy, coming from a day trading background

and other questions & answers…..

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 : Trade on the Fly by Michele