Derek Frey – Forex 101. Building a Solid Foundation
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Derek Frey was a featured speaker at the FXstreet.com International Traders Conference in Barcelona in October 2008. Derek Frey has been trading FX and futures contracts for about 20 years. He has done everything from MetLife financial planning to being the top trader of several enterprises, including his own. He is frequently mentioned in the Wall Street Journal, the National Post, Reuters, and other news outlets. He is also a popular speaker at numerous trade conventions. He is presently the Senior Market Strategist at FXGroundworks.com, where he helps manage a daily Forex & Trading room as well as a harmonic pattern service. His market technique is unusual in that he includes elements of physics, chaos theory, and game theory into his entire trading strategy.
Forex and Trading – Foreign Exchange Training
Do you want to learn about Forex?
Foreign exchange, sometimes known as FX, is the exchange of one country’s currency for another.
A country’s currency is valued according to supply and demand laws in a free economy.
In other words, the value of a currency might be tied to the value of another country’s currency, such as the US dollar, or even to a basket of currencies.
The government of a country may also establish the value of its currency.
Most countries, however, freely float their currencies against those of other countries, causing them to fluctuate constantly.
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