Description

Money Management Techniques by Robert Deel

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

As the founder and Ceo of Tradingschool.com, Robert Deel, who is also a trading strategist, author, and widely recognized trading expert, has trained individuals and professional traders from around the world on the subjects of trading psychology, technical analysis, and tactical trading.

One of Deel’s training techniques involves his DDRL (direction, discipline, risk, and leverage) equation, which helps traders examine their personal trading abilities and methodologies. The equation pinpoints their individual problem areas in selection, timing, risk, or money management, and it can help them ascertain how much leverage they should use.

Deel, who practiced dentistry early in his professional life, is also a former portfolio manager who once managed millions and acted as the trading strategist and advisor for a firm in California. He appears regularly on television and radio, and is the author of Trading The Plan: Build Wealth, Manage Money, And Control Risk, as well as The Strategic Electronic Day Trader. What can he tell us about risk and money management? STOCKS& COMMODITIES Editor Jayanthi Gopalakrishnan called him on July 30, 2003, to find out.