Forex traders can predict which direction the price of a currency will go, based upon the patterns in which it moves. You will receive step by step basic to advance level training including forex patterns, terminology, and strategies to become a sufficient trader. So if the pattern is scaling up that's a BUY if the pattern is scaling down that's a SELL.
Forex is the world’s largest, liquid market with $5.7 trillion dollars moving every day. On the foreign exchange market, we buy and sell currencies for a profit. If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet or purse into the currency of the country you are visiting.
You go up to the counter and notice a screen displaying different exchange rates for different currencies. You find“Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!” When you do this, you’ve essentially participated in the forex market! You’ve exchanged one currency for another.
Wait, so you buy money and make money?
Yep. The major currencies in the world are always changing value. When you buy a currency at one price and sell it at a higher price, you make a profit. You can buy and sell currencies on the forex market in just a matter of minutes. Here’s a scenario to put it into perspective...
Let’s say you were bidding on a championship basketball game. You’ve been watching both teams for awhile and you know their strengths and weaknesses so you have a pretty good idea of who’s going to win.
You place a bid that the Lakers would win. In forex, that’s called a buy. You bet $20 for each point that the Lakers has over the other team. The Lakers end up winning by 50 points. That’s 50 points x $20... You just won $1,000!
In forex, the points would equal pips. You can place bids that price will go up or down. Just like you would learn the strengths and weaknesses of the championship teams before you bid on the winning team, we learn to predict the patterns of price movements so we can place bids and become sufficient traders in the forex market. You can trade forex anywhere with just a smartphone and an internet connection and potentially make thousands of dollars on a single transaction.
What is Cryptocurrency?
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. "decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation" The cryptocurrency market is another fast growing money market.
You’ve heard of Bitcoin right? That’s an example of a cryptocurrency. . We are able to exchange currencies online on our smartphones, tablets and computer! And you'll learn how to make profit from the training you'll receive after becoming a member of IML.
How Do I Get Started?