TraderSumo Academy Course

TraderSumo Academy Course

Course Detail

Salepage: TraderSumo Academy Course

The Course
Everything You Should Know
Technical analysis and Reading Charts
More than 45 lessons—including videos, charts, and text—have been assembled and are geared at advancing your level of technical analysis from novice to expert.
This is not your standard, everyday trading course. Technical analysis that relies largely on the usage of indicators and is simply regurgitated and flawed won’t be taught to you. To make learning the principles simple, clear, and logical, we have divided them down.
Trading Guide: It’s likely that you’ve heard success tales of great traders and have pondered how you might join them, how you may be able to alter your future, quit your 9–5 work, and utilize your winnings as a nest egg for retirement, vacations, or your children’s education.
Gain: Once you have a firm grasp of the ideas presented, you will be able to identify the reasons for price changes and predict where they may go in the future. As many times as necessary, study… Each book will teach you something new.
All three volumes are part of this course.

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.

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