40-4 Options Method
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.
Forex trading is one of those things that can seem really subjective. Everyone has their own preferences on how to get the job done. I don’t think I can say for sure that there is an absolutely right way, but there is many wrong ways.
As a trader, your method has to be something that makes sense on paper, and when you are trading live. If you want to make money trading forex, there is more than one way to skin a cat.
This is one of my least favorite methods. Scalping is when you are basically just trying to scrape a few points here and there. It can seem easy if you manage to be successful at it for awhile, but it tends to be a method of luck, meaning you can lose just as easily as you can win. There isn’t much rhyme or reason to it.
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