Strategic Trading – Forex Meets the Market Profile
Strategic Trading – Forex Meets the Market Profile
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Many individual traders have yet to discover and utilize the power of Market Profile concepts and charts. This course is designed to offer Forex traders with an overview of the valuable information and the many benefits that can be gained through the use and application of profile charts. The course discusses how Market Profile charts organize market activity and allow us to identify points of control, areas of distribution, value areas, acceptance and rejection of price levels. Once it is properly understood and applied, the Market Profile quickly becomes an indispensable tool for success in the global Forex market.
Dr. Keppler has been a pioneer in applying powerful market profile concepts and strategies to the Forex Market. He has devoted an entire chapter in his book addressing some of the practical ways that the profile can be applied to the Forex Markets. While it is true that there is no central exchange for the Forex Market and the required precise volume data is not available to provide us with accurate footprint charts or volume profiles, nevertheless, there are many other valuable profile principles and insights that can be a tremendous asset to a Forex trader.
To accommodate the nature of Forex Market data Dr. Keppler uses time based profiles to analyze market activity for different currency pairs. The market activity generated over time provides important reference levels in the market. It also helps to identify whether value is trending higher or lower in the market.
By blending technical analysis methods and profile trading strategies, Dr. Keppler has developed a unique, innovative and integrated approach for trading the Forex markets.
Forex meets the Market Profile
Home Study Course
Lesson 1: Introduction to Profile Concepts
Lesson 2: Identifying Value in the Market
Lesson 3: Understanding & Trading Profile Structures
Lesson 4: Integrating technical analysis & Profile Concepts
Lesson 5: Developing Trading Strategies
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Strategic Trading – Forex Meets the Market Profile
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