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William Dale – Foreign Exchange

William Dale – Foreign Exchange

Foreign Exchange with William Dale

This video will sit you down right beside the pros as they learn exactly how to trade the Forex markets.

In this special video, William Dale, Vice President and Portfolio Manager for RBC Dominion Securities, one of Canada’s leading Forex trading firms, answers both those questions – not just for you, but for fellow brokers and analysts hoping to join him as a pro in these exciting markets. Dale’s presentation, made at the annual training seminar of the Market Technician’s Association, shows you all the basics of the foreign-exchange markets, details the many factors that influence currency values and prices, and explains exactly how to best use technical analysis in trading the Forex markets. You’ll get the same training that seminar attendees received to help them in passing their exams to become Chartered Market Technicians, meaning you’ll have all the information you need to personally analyze and trade currencies and their derivatives – just like the pros. Don’t miss this unique learning opportunity.

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 : William Dale – Foreign Exchange

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