Wyckoff Trading: Making Profits With Demand And Supply by Traders Club
Wyckoff Trading: Making Profits With Demand And Supply by Traders Club
Course Detail
Salepage: Wyckoff Trading: Making Profits With Demand And Supply by Traders Club
What you’ll learn
Students will become proficient in understanding and applying Wyckoffian logic to all markets and be able to manage their investments.
Richard Wyckoff was one of the most successful investors of his day. He retired to 9 and a half acre estate in the Hamptons New York after a successful career in speculating. He used the very simple economic concept of demand and supply to understand the operations of the large composite men behind every major move, discounting any need for news or any other analysis. His approach was renowned in the stock market and later led to Elliott Wave and others building the foundations for modern analysis.
The course will introduce and empower traders in this professional analysis that can be used in all markets over all time frames. A trading methodology that has given me super normal gains. My last Wyckoff success was my purchase Cosan: CZZ, that I bought in 2016 and yielded a stunning 170% return in under 6 months, also TTWO that yielded a 300% return in just under 3 years. If not for my understanding of Wyckoff finding value investments in an overvalued stock market will be challenging.
Wyckoffian logic will remain the dominant force in market analysis. This course will empower you to trade with confidence and develop robust investment skills.
File size: 1.1GB
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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