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A DVD Review – “Harnessing Explosive Market Turns: Finding Profitable Set-ups with Fibonacci, Lucas, Elliott Wave, and Candlesticks” by Jeff Greenblatt

I am already a veteran reviewer of Jeff Greenblatt’s opera magna, since I already did a review for his well known book “Breakthrough Strategies for Predicting Any Market” :). In the beginning, I must admit I was a bit confused by the cryptic language and by the unorthodox approaches used by Jeff in that book. But since then I read a few other books on trading and the light started to shine at the end of this tunnel. So here I am, with a new review on Greenblatt’s latest DVD trading series of videos, “Harnessing Explosive Market Turns”.Read More »A DVD Review – “Harnessing Explosive Market Turns: Finding Profitable Set-ups with Fibonacci, Lucas, Elliott Wave, and Candlesticks” by Jeff Greenblatt

Macroeconomics lesson – how do the exchange rates fluctuate

Recently I took a course in macroeconomics which proved extremely useful for my economics know-how. Among other things, I (and doitinvest.com) found out about how the exchange rate interacts with a national economy. This is very interesting stuff for all the forex traders, so just have alook and let me know how it looks for you

One critical driver of external demand of goods and services from a national economy is the exchange rate. The exchange rate sets the price of one currency in terms of another: for example, if the £/$ rate is 1.50 it tells us the US dollars needed to buy £1 – that is, $1.50. The exchange rate is fixed daily in foreign exchange rates across the world. Changes in the exchange rate have a big effect on cross-border spending, that is, on exports.Read More »Macroeconomics lesson – how do the exchange rates fluctuate