Forex trading is easy to learn – but is it for you?
More women are turning to Forex trading, an online platform that let’s you trade in currencies and commodities. So could you make an income from it?
Whenever people think of trading, there’s a tendency to bring to mind Gordon Gekko, as played by Michael Douglas in 1987’s Wall Street. Trading traditionally brings up thoughts of men in suits shouting at one another, or a floor of blokes constantly on their phones trying to cut a deal.
In essence, trading has a reputation for being above most people’s pay grade and for being a man’s world. It’s seen as a specialised field for people with the capacity to grasp high-end concepts.
But today nothing could be further from the truth, thanks to Forex trading, an online platform that allows the user to trade on various commodities and currencies at a fraction of the cost.
So popular has this form of online trading become, that several companies all providing these services have become ubiquitous on the net. In addition to the popularity of this very inclusive way to trade, the industry is fully regulated and legal.
Thanks to multiple device compatibility – PC, tablet or smartphone – Forex Trading has never been easier. The question then worth raising is, is it for you? Here are some reasons why you may want to consider it.
Trade when YOU want to
Traditional market trading is relegated to standard business hours, primarily 9 to 5; but with Forex Trading the market is ongoing 24/7. This constant cycle of rotation is made possible due to the fact that there is no physical location and because when one market closes, the trading simply continues by latching on to the opening hours of the next market.
The four main markets are London, Tokyo, New York and Sydney with the secondary ones being Zurich, Frankfurt, Hong Kong, Singapore and Paris. This literally allows you total and complete freedom to trade when you want to.
A guide on trading in foreign currencies
As it is with most endeavours in life, especially those involving financial decisions, it’s important to know what you’re doing. The most effective way to become acquainted with this system of potential extra income is to subscribe to a guide on trading in foreign currencies.
These informative guides provide guidance on terminologies, phrases and terms that are essential to be aware of in the lucrative world of Forex Trading. Buy, Sell, Major, Minors, Exotics, Leverage, Base, Quote – these are but some of the terms and phrases that you’ll need to familiarise yourself with before investing any of your hard-earned cash.
And guess what? It’s been statistically proven that women are better at trading than men are.
The facts don’t lie
There exists a wealth of literature online to prove that women make for better traders than men do. It’s not even a competition; it’s simply fact.
In recent years, the world of online trading has seen an increase in female traders, and for a number of good reasons. For one thing, men can sometimes have a hard time getting over their egos, and as a result find it difficult to accept a day of losses. Women on the other hand, often find it easier to accept the market outcomes of the day, call it a night and endure no further losses.
Forex Trading is composed of systems and processes, and there is a great deal of well-researched science behind it. For example, women are often considered to be superior to men in baking, thanks to their capacity to be more precise in making the required measurements, etc. Forex Trading, like baking, has rules, and it’s vital to stick to these rules.
If you thinking about diversifying your business portfolio, learn some new sills, or would like to be in a position to possibly earn an extra income, then Forex Trading might just be financial vehicle to drive you there.