Lex van Dam – 5-Step-Trading Stocks II – Avoid Common Trading Mistakes
Archive : Lex van Dam – 5-Step-Trading Stocks II – Avoid Common Trading Mistakes
Modules presented here dig deeper into the material that we could only touch upon in the 5-Step-Trading®Stocks course, and introduces new concepts and new ideas.The first part of the course focuses on the typical mistakes that most traders and investors keep making, causing them to lose money. Hopefully by understanding these mistakes you can learn to avoid them.
The second part discusses Lex van Dam’s trading tips to increase the likelihood that you can make money yourself, without needing outside advice.
‘At popular request I have also written and filmed a trading screen module. In this I am sharing the indicators and information that I look at every day on my own personal trading screen, which hopefully you will find useful as well’. Lex van Dam.
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Lex van Dam – Lex’s Technical Trading Strategies for FX
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