General advises and experiences sharing for forex traders

[Electric Rainbow]

You have equal potential to profit in both a rising or falling market, because it' s up to you to buy a currency, or to sell it, after you determined the market trend tendency.

 

[Electric Rainbow]

To trade forex, you don' t need to have a lot of money to start; you can trade at any time, from anywhere, with a Internet connection, you will not have an order pending because of lack of liquidity, you will not have to work all during the day.

 

[2iquelo]

It doesn't make any difference who trades on the market a woman or a man. The main thing is to treat trading as a serious business, which can bring good income. In this case, everything will work out. Plus, I have noticed that women are more resistant to stress, which can probably help too, especially when the market situation has occurred, which you did not expect. And in general, now in almost any business you can meet representatives of both sexes and each of them shows excellent results. However, I have never met a trader woman personally, so it would be interesting to read what difficulties you face on the way, how they coincide with the main male problems in trading. Or is there no difference?

 

[2iquelo]

The only trick is to hedge your funds and manage deals properly with a lot of information gathered. Many traders rely only on one information source: news or technical analysis. To increase your income and avoid losses it's always to use both sources. But there is no trader with zero losses, as it's inevitable part of any trading, but you can minimize your losses and that will increase your profit

 

[Hulas]

Forex is a really great source of income for women around the world. But the reality is (and I'm sorry that it's sp) that women underestimate themselves. Often they're dependent on the opinions of others who believe that trading is for men only. This isn't so of course. But women are brought up differently and they tend not to take risks. This should be fixed. Like any trader, a woman must overcome fear and emotions, and then she will be successful.

 

[Hulas]

You're right EUR/USD is the major currency. But there are also other pairs, that affect the global markets. I'm talking USD/JPY, EUR/GBP, USD/GBP. These pairs are also important in the market.I t cannot be considered that everything is determined by the trades volume and the size of national economies by GDP. The international economy is acting a little in other and other pairs I mentioned are also important.

 

[mrindice]

The biggest major pair - in certainty the absolute most fluid money related instrument on the planet - is the EUR/USD. This pair exchanges nearly $1 trillion every day of notional incentive from Tokyo to London to New York 24 hours per day, five days per week. The two currencies represent the two biggest economic elements on the planet: the U.S. with a yearly GDP of $11 trillion and the Euro zone with a GDP of about $10.5 trillion.

Do you know any profitable trading strategies for this pair? Spreads look really tight and favourable for scalping but well, it has recently been trading in tight range, looks like an accumulation phase before the onset of long-term trend. What do you think?

 

[Hakone]

Hulas, there might be truth that woman by nature are created to take less risk. This might be one of the reasons why there is not so many woman in forex market. But certainly, I think that they are becoming more open to earnings opportunities in this field. Hope that trend will continue

 

[Electric Rainbow]

There is no easy success in any work or business. Your surviva skills and hard work will help you to be a part of a work for a long term. You should keep in mind, nothing free and easy here.

 

[Nosero]

Agreed. This is one of the major benefits of forex market. No matter if market is going up or down you are able to make profits on both sides, of course, if you know how to trade