This article is about attaining financial independence by trading the Forex Market and we shall kill a few Forex Holy cows along the way. As a tutor in the Forex Trading profession I have had the honour to teach many housewives the ins and outs of being successful in this very large and fast moving market. It is my experience that housewives don't come to try their hand, no, they come with the single minded attitude to make them and their families financially independent.
I can attest to the numerical equality of my students. Male and female genders are about of equal split, but I can not say this about the successes of my pupils. The dedication of the housewife to attain success is no doubt more focussed than the guy who is employed in one or other corporate position. Women in general spend more time at their charts and are quicker to read them. In general I have found that the housewives are more equal to the task of profitable trading rather than playing the Forex Market. Playing the market is gambling. Trading is working from a power base of knowledge available to all serious minded Aspirant Forex Traders.
Housewives have the ability to patiently wait for the right trading opportunity to prsent itself before they enter the market. This is a great attribute as placing trades only to feel that one is in the market is tantamount to gambling.
Forex Trading tools are supplied by every broker which assist in turning the normally 50 - 50 opportunity into a more favourable opportunity for the trader.
Now lest kill a few Forex Tading holy cows and enumerate some does and donts.
- Robots are not money makers - they will ALL eventually cost you your trading capital
- There are no Forex Trading Technical analysis tools that will indicate winning trades... these are aids to be applied to your own insight which comes with practice.
- Don't trade against the trend.
- Forex Trading is not only a mens domain - Women make good traders.
- One trade very second day can make you wealthy.
- Don't do your own thing - the internet if full of Gurus who all have an opinion - read their stuff and compare one to the other - you'll soon separate the wheat from the chaff.
- Join a few good chat rooms - some of them have good traders who are only too pleased to provide a trading opportunity.
Then there are opportunities now offered on the net - to which I too belong. where traders provide signals rather than robotic algorithm trial and error hits. - Some of these are superb others need to stay out the market as they will eradicate your account in one foul swoop. however, I suppose my experience and success allows me to say that thse who follow me are making money. Forex Trading after all is about financial independence.
