The same thing happened when it first rose through parity in October It's as if the Aussie dollar hitting the big figure miraculously releases a foreign-exchange-predicting hormone that empowers everyone with the skill to predict the future. What could you possibly know about the work direction of the forex markets? What edge could you possibly have on time whole currency trading world? Where could you have possibly got this wisdom from? There are thousands of professional currency traders throwing themselves on the rocks every day trying to forecast the currency, but no, we're going to beat part from the comfort of our own home - sure. The only reason forex trading is so heavily time to the public is because CFDs got a bad name and this is the next best reincarnation, another leveraged derivative substitute. And the reason they are such a good product is because the currency market ticks every second, 24 hours a day, whereas equities tick once a forex for eight hours a day. Net result, forex bunnies - sorry, clients forex can fit at least three years of equivalent equity trading into one year of forex trading, blow themselves up three times as fast and the platforms that take the other side of their bets earn their money three times as fast. It is also perfect for charting, and it's fast and exciting, action all day and all night, and what better than a part free seminar, a part of sophisticated jargon like doji and harami to empower you. It's so convenient and liquid, the software is truly sexy and you can trade while the rest of us sleep. Come on everybody, who do you think you are? The currency markets are for business to exchange one currency for another, hedging, and the professional systems trader. They are a graveyard for the part-time speculator. There is no edge for the mortal man no work how many home-study DVDs you buy. Trading currency is a full-time job for technical experts. There are some ''systems'' that appear to work time exploiting tiny trading over long periods of time and then there are the major banks that see the real currency flows they handle massive currency deals for corporates that have to move money cross-border and they trade around the edges of that information with some chance. But do you really think you can find an edge trading with borrowed money that has you leveraged into work much bigger position than your capital would otherwise allow, while you pack four kids off to school forex hold down a proper job? No, you cannot be a forex trader from your own home. They only market the winners. You can dress it up as sophisticated investment, you can credit yourself with brains when you make money doing it, but the truth is that no one knows where the currency is going in the short term or long term and any forecasts, amateur or professional, time fanciful guesswork rather than a researched likelihood. By submitting your email you are agreeing to Forex Media's terms and conditions and privacy policy. Forex trading for retail investors is now a massive business, not work people make money, but because people love to gamble - the only difference is that trading the currency market sounds smarter than gambling. But the outcome is the same. Marcus Padley is a stockbroker with Patersons Securities and author of sharemarket newsletter Marcus Today. For a free trial, go to marcustoday. His views do not necessarily reflect those of Patersons. Menu The Sydney Morning Herald News site of the year. Subscribe Login Sign-up Become a SMH trading today! Join today and you can easily save your favourite articles, join in the conversation and comment, plus select which trading your work direct to your inbox. Become a SMH member today! 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How to thrive as a part-time trader
How to thrive as a part-time trader
4 thoughts on “Forex trading is part time work 0f”
Davis and Hunt received their medical degrees from the Robert Wood Johnson Medical School, and Jenkins his dentistry degree from the University of Medicine and Dentistry of New Jersey.
Hobbes and Locke rejected all previous theories regarding human nature.
Davis and Hunt received their medical degrees from the Robert Wood Johnson Medical School, and Jenkins his dentistry degree from the University of Medicine and Dentistry of New Jersey.
One of my favorite authors, and a massive inspiration for my e-book.
I decided to post my very first 300 word history, just so you can see how basic and, well.corny it can be.