Are we all of us Forex Traders ?

This post will be about an interesting subject… as we are all making business…

 

Before we will begin to deep into the new subject we should know what is exactly the Forex abbreviation as well as why it exists.

Let suppose you have a small company – AlgoFlex Ltd. -, which develops a new electronic chip for the automobile industries. After a long and a very good campaign you have received an order from a U.S.A. automobile company – General-Motors Inc. – of 10,500 units to buy on the 01.01.2016 for amount of 500,000 $.

 

Now, you as the manager of the AlgoFlex have two options:

 

1. Ask from your bank to sell the 500,000 $, which you will get on 1.01.2016 for now EUR/USD rate which is 1.14400 EUR/USD. It means you will get 437,032 on the 01.01.2016

 

2. To do nothing… it means on the 1.1.2016 you will get the 500,000$ and then will ask from your bank to exchange it to EUR at the now rate… which may be better than today. Let suppose, the EUR/USD rate will be 1.05600 on the 1.1.2016 , and so how much Euro you will have… 473,484 !

very interesting… you have chosen to option 1 (do nothing) and got (473,484-437,032) more 36,452  ! amazing not ?

 

In the reality, many companies, which should not be Forex traders are prefer to be , it is all about the human greediness… it means we are more likely to earn money by trading instead lose the potentially profits to the trading as well as to “know” how much the EUR/USD rate could give us. At Engineering Investments we are just doing the same principle, but have more experience as much as advanced Mathematics Algorithms models for trading on the Forex market, which are enable us to be much more profitable over a long time, without being an Export company !


See larger image
Additional Images:

The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management (Wiley Trading)


Features: Wiley
By (author): Alexander Elder

The best-selling trading book of all timeupdated for the new era

The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today’s fast-moving markets, adding new studies and techniques for the modern trader.

This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. The New Trading for a Living includes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system.

All charts in this book are new and in full color, with clear comments on rules and techniques. The clarity of this book’s language, its practical illustrations and generous sharing of the essential skills have made it a model for the industry—often imitated but never duplicated. Both new and experienced traders will appreciate its insights and the calm, systematic approach to modern markets.

The New Trading for a Living will become an even more valuable resource than the author’s previous books:

  • Overcome barriers to success and develop stronger discipline
  • Identify asymmetrical market zones, where rewards are higher and risks lower
  • Master money management as you set entries, targets and stops
  • Use a record-keeping system that will make you into your own teacher

Successful trading is based on knowledge, focus, and discipline. The New Trading for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.

List Price: $80.00 USD
New From: $41.47 USD In Stock
Used from: $59.67 USD In Stock
Please like & share:
Comments are closed. Posted by: Robin on