What Is Forex?
Forex = Foreign Exchange [Imagine EUR/USD: For this example] The currency on the left in the pair, EUR(O), when the market goes up, the EUR(O) is gaining in value and the USD(OLLAR) is losing value against the EUR(0). When the market goes down, the EUR(O) is losing in value against the USD(OLLAR). Meanwhile, the USD(OLLAR) is gaining in value against the EUR(O). Imagine yourself traveling to another country; you will need to exchange your home currency for that country’s currency, so you can spend money there. In the process of that exchange, the goal is you are making a bet against price today, if you are buying, you are betting that the price of that financial instrument will increase in the future. In contrary, if you are selling today, you are betting that the price of that financial instrument will decrease in the future. The primary goal is for you to make a profit with your calculated measures, entry and exit points. When you make a transaction in financial markets (forex market), instead of traveling to another country, you are making this exchange digitally from the comfort of your home with your computer or mobile device. You are even allowed to buy and sell stocks with certain brokers also.
What Is Currency?
We have come a long way from the old batter system we had in place. We used to do bargain trading to exchange goods for other goods and services. No more bargain system. Lets talk about it. However, modern day currency is better known as fiat money. It is all paper and the only reason it has value is due to the validation of the government in a country. Around the world, coins used to be made up of real silver and gold. Now, most of the coins are made up of cooper and zinc. What most people do not know now, is that our country’s currencies are held hostage by central banks. They choose to manipulate our currencies value, which robs us of our purchasing power. What does this mean? Have you heard someone say before, things used to be much cheaper 40 to 50 plus years ago? Ever wonder why that is. We lose our purchasing power two ways. Three words, inflation and taxes. Inflation is created by printing money to pay for things we cannot afford. When you print more money to pay for things a country cannot afford, it causes the currency to devalue. We call this system, The Invisible Ponzi scheme. The central banks are robbing peter to pay paul. This results in a country citizen paying for the devaluing of a currency. People loses, their entire savings through this currency manipulation method. When government chooses to tax its citizen and to give away free stuff, we have less money to buy our necessities. Most people think things are free. The truth is, there is no such thing as a free lunch. This hurts us only in the way that we have less in which we can purchase. This impacts our currency in the regard that free programs are being created without a cost. The misconception is the rich will always pay for it. However, the reality is that the common citizen will pay for it. In the case, the governments are not able to collect it through taxing the everyday citizen They result back to number one, Inflation. They will continue to print money to pay for these free programs. Why is this important? This impacts the financial markets, tremendously. Trading is not about supply and demand in the regard to how many people is using that currency. It is about how the government in that country is manipulating the value of that currency for its on personal agenda. Mayer Amschel Rothschild once said, “Give me control of a nation's money and I care not who makes the laws.” To discover more information about these groups, visit www. bis.org
What indicators do we use?
I use the following exponential moving averages: 26, 55 and 200. I use the 26 EMA to determine the immediate change of trend, the 55 EMA as my bank daily change of trend and the 200 EMA as my long term direction of the market. The 200 EMA is helpful determining the dynamic support and resistance of the financial markets. What does this mean? When identifying a trend, it is important to understand there is a micro (small) and macro (big) picture of trading. This works best when trying to interpret both vantage points to see the big picture, while using a top-down analysis approach to enter your positions.
Can you trade for me?
We do NOT trade your personal account for you. We are NOT licensed professionals. We are financial market educators who creates content that shifts the way retail traders trade. As you become a better trader, you take charge of improving your financial freedom through your own will by executing trades at your own risk.
Do you offer refunds?
In regards to our REFUND POLICY, Third Eye Traders, LLC believes in transparency. However, due to the immediate access to Third Eye Traders, LLC digital products and/or services, all sales are final. Third Eye Traders, LLC goes above and beyond to ensure that your learning experience is packed with high quality content and an user-friendly advanced interface.
How do I cancel my subscription?
Our subscriptions are monthly based. This make it easy for you to cancel your subscription at anytime. To cancel your subscription, click on your account details and click cancel. It is that simple! There are no hidden fees or miscellaneous charges, unless there is a previous unsuccessful charge.
When can I start to trade in financial markets?
We suggest you to digest the terminology, until you are comfortable. Understand, Rome was NOT built in a day. Therefore, you want to familiarize yourself with the basics and our strategies, so you have confidence in trading. We have put together this simple step by step guide to help mitigate your learning curve. In conclusion, take advantage of the many tools we have provided at your disposal. Success comes to those who are willing to be consistent and persistent with tactics, tools and strategies assisting them in the direction they are headed.
What is a stock?
A stock is a security that represents the ownership of a corporation. This entitles the owner of the stock to have an opportunity to own a portion of that corporation. A unit(s) of stock are referred to as "shares."Corporations issue stock to raise funds to operate their businesses. They do this by selling shares to investors or someone who is looking to have equity in that corporation. There are two main types of stock: common and preferred. Stocks are bought and sold on Stock Exchange's. You may have seen the NYSE abbreviation before; it represents the New York Stock Exchange.