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Seasonal Stock Market Trends by Jay Kaeppel

Independent trader and author Jay Kaeppel is a trading strategist with Optionetics, Inc., and writes a weekly column titled “Kaeppel’s Corner” for Optionetics.com, conducts online seminars, and contributes material to new trading courses. He was Head Trader at a commodities trading advisor for nine years as well as a trading system and trading software developer for 15. A prolific writer, Kaeppel has penned numerous articles for Stocks & Commodities over the years, including a series of articles on his Provest option trading method in 2008. An avid systems developer, in 2007 he collaborated with Optionetics to create the Optionetics Futures & Commodities Home Study Course, and in 2008 he collaborated with Rick Pendergraft of the Pendergraft Research Organization and Tom Gentile, cofounder of Optionetics, to create the Velocity Strategy system.
Kaeppel is the author of a number of outstanding books including his current one, Seasonal Stock Market Trends (Wiley 2009), as well as The Four Biggest Mistakes In Option Trading, The Four Biggest Mistakes In Futures Trading, and The Option Trader’s Guide To Probability, Volatility And Timing. Stocks & Commodities Editor Jayanthi Gopalakrishnan (JG) and Staff Writer Bruce Faber (BF) interviewed Jay Kaeppel via telephone on September 9, 2009.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make 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 into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

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.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Seasonal Stock Market Trends by Jay Kaeppel