Guide to Consistent Forex & Trading – Derek Frey

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Size 5.4 MB

Secrets of Harmonic Trading: Guide to Consistent Forex & Trading

This ebook is a transcribed interview with Senior Market Analyst and Expert Trader Derek Frey, recorded in early December, 2009. Derek was asked to explain some of the most fundamental trading concepts and behaviors necessary to enable consistently successful trading. These attitudes, behaviors, and concepts should be ‘common sense,’ but sadly for most traders, they remain elusive and unacknowledged.

We have preserved the conversational style formatting to get this information into your hands as soon as possible. You are encouraged to read through this twice. The first read through should be done quickly just to absorb some of the concepts. The second reading should be done with the mindset of “How do I apply this to my own trading?”.

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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