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Sunday, September 19, 2010

Women In Forex

"I learned that good judgment comes from experience and that experience grows out of mistakes.”--- Omar Bradely

Hello:

Having actively traded the Forex markets for years, I have learned that predicting what the market will do, particularly in the short-term, is virtually impossible. We can certainly have an idea of what might occur, however, we can never be sure. Normally good economic data should drive the markets up and bad economic data should drive them down. But sometimes good numbers push down the markets; bad numbers but the markets are up. So when in doubt about what the markets would do, don’t rely on any fundamental data or expert opinion, but on your own analyses and trading setups. Probability is the key along with systems that help to exploit this probability.

Here are my trading results last week:

AUDUSD
Order: Sell
Status: Closed
Profit/Loss: -150 pips

EURCAD
Order: Buy
Status: Open
Profit/Loss: 343 pips

EURAUD
Order: Buy
Status: Closed


AUDJPY
Order: Sell
Status: Open
Profit/Loss: 66 pips

The limit orders on EURNZD and NZDUSD are still pending. Either of them would later be cancelled or filled (depending whether or not the predetermined levels are reached).

GBPJPY Strategy
Order: Sell
Status: Closed
Profit/Loss: 135 pips

Order: Buy
Status: Closed
Profit/Loss: 135 pips

Signals from the GBPJPY strategy are secretly sent to subscribers to my trading signals. Its trading results; past and future, would soon be displayed while the strategy itself is explained in one of my future articles. Besides, other trading instruments and techniques are being privately tested and the one whose viability on the markets has been confirmed would be added.

Women In Forex
It’s well-known that the market isn’t gender specific. It has nobody in mind to favor or disfavor - it just moves impartially and rewards those who do the right things while trading. It’s so interesting to see women making decisions to start trading, whether on full-time or part-time basis. As far as female traders are concerned, there’s an important fact on www.fxstreet.com that goes thus:
The CEO of a retail Forex trading training course says his women have three qualities which make them better traders than men:
i) women's stronger sense of risk aversion
ii) women's increased patience, which lets them follow through on trading plans better than men
iii) and women's tendency to really learn thoroughly before trading, while men tend to learn something partially and immediately.

I completely agree with these points, having some women as my trainees as well. There are many intriguing trading hints to be learned from women. I personally like to know what women think about trading. The article on Friday will feature an insightful interview with a female trader. I believe certain people would be saved from fatal trading mistakes by the interview. This article is especially prepared with women in mind; both new and advanced traders. Please watch out!

I’ll conclude with a quote from a female trader:

“I must admit that women traders are better than men because they do not have egos. They can change their minds quickly if they are wrong, and are patient if they are right.” – Carol Harmer

Your questions and opinions are highly welcome.

Thank you.

With best regards,

Azeez Mustapha
Forex Signals Strategist, Funds Manager &Coach

Yahoo! Messenger ID: saazalmu

Get my Forex trading signals at: http://www.fxinstructor.com/en/analytics/ituglobal

Nice trading tips are available at: www.ituglobalforex.com
And my past articles are also available at: www.ituglobalforex.blogspot.com


NB: There is risk of loss in trading, but it is possible to be a successful trader.

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