Before I explain what the Forex markets are I want to talk a little about my intensive Forex course and the training that I give, which is intended to teach you all you need to know to become a successful Forex trader.
The goals of the course
Teach you to become a consistently profitable FX trader
Show you why all the mainstream “wisdom” about trading is wrong
Convince you that trading success is 100% mental
Teach you to change the way you think to bring on the results you desire
Show you easy free and quick ways to conduct economic analysis.
Apply Modern Monetary Theory in your trading
Give you simple and easy ways to gauge market sentiment
Show you how to manage risk the smart way
What you are required to know
You should know how to access resources on the Internet
You should know how to work a spreadsheet at a basic level
You’ll need Forex account, preferably an Oanda account because that's the platform I use to teach and trade.
Be willing to apply what you learn and practice
Work on controlling your emotions
Open a real money account as soon as possible
A little about me, Mike Norman
Been trading since 1979
Member and floor trader on CME, NYMEX, COMEX, NYFE
Broker at Merrill Lynch commodities 1979-1982
Prop trader, Credit Suisse
CTA, managed money for Paul Tudor Jones
Been trading independently ever since
Economist
MMTer
Now...on to the nuts and bolts
What is Forex?
The Foreign Exchange Market goes by many names—Currency Exchange, Foreign Exchange, Forex, FX—but no matter the term, it is simply the trading of one currency against another.
Why Do We Need to Exchange Currencies?
Individuals and organizations exchange currencies whenever they require foreign goods or services. A trading market has developed around these needs, and hedging practices have been developed and refined.
Who trades Forex?
Historically, the forex trading market centered around central banks, commercial financial institutions, and multinational corporations. However, with the advent of web-based trading applications, small retail traders and even individuals now participate directly in the forex market on equal footing with these large institutions.
That's it for now. Check back at a later date for more info.
In the meantime if you'd like to skip ahead and get going on the path to becoming a successful Forex trader, purchase my 30-hour video course. I teach you everything you need to know to become a successful Forex trader. This is a $3000 course (live) reduced to $250 on video!! You can't beat that!!!