Forex 101. Building a Solid Foundation – Derek Frey

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Derek Frey was key speaker at the FXstreet.com International Traders Conference in October 2008 – Barcelona. Derek Frey has been trading forex and futures for almost 20 years. He has done everything from Financial planning with MetLife to being head trader of a number of firms including his own. He is quoted regularly in the Wall Street Journal, the National Post, Reuters, and other publications. He is also a sought after speaker at many trading conferences. He is now the Senior Market Strategist at FXGroundworks.com, where he assists in running a daily Forex & Trading room and harmonic pattern service. His approach to the markets is unique in that he incorporates parts of Physics, Chaos theory, and gaming theory into his overall trading method.

Forex & Trading – Foreign Exchange Course

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.

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