Charles LeBeau – How To Design – Test – Evaluate and Implement Profitable Trading Systems

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Summary

• 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.

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• Foreign exchange, or forex, is the conversion of one country’s currency into another.