Wyckoff David Weiss : Catching Trend Reversals

Wyckoff David Weiss : Catching Trend Reversals

Course Detail

Salepage: Wyckoff David Weiss : Catching Trend Reversals

David Weis (Author)

Filmed during 2007 Traders’ Camp in Caribbean – 4 DVD set, about 4 hours long.David Weis is one of the most serious, creative, and experienced analysts working today. Everyone who had taken his class has been changed by that experience: forever be drawing ‘David Weis lines’ on your charts, identifying levels where the uptrends run out of steam and turn down and downtrends fizzle out and turn up. David is a classical market analyst and trader who watches support and resistance zones, the height of price ranges, the intensity or the shallowness of the volume bars.

He teaches you to find reversals at the edges of trading ranges. David has been one of the most popular instructors in our Traders’ Camps. We brought a video crew to a Camp and tape his presentation and tightly edited into four hours of pure gold. The visual quality is excellent, and you can easily find any chapter that interests you.

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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