Posts Tagged ‘brain’

Day Trading - 3 Points That Show Why Technical Analysis Does Work

Friday, January 16th, 2009

It is so easy to become completely bogged down trying to keep up with the company news updates, you know, the feeds you get on the financial news channels. This causes you to get frustrated and often confused. There’s a lot of very interesting information, but does it serve to help our trading decisions? Remember, no two people have the same perspective on anything, and that includes the stock market. The analysts you watch and listen might well have very good and valid reasons for talking a stock up or down, depending upon their own investment criteria.

Here are 3 reasons to help you see why technical analysis works:

1. Every day trading decision, and I mean every one of them, without exception, ends up in one and only one result; price. The price of the stock at close of trading is where the whole picture finishes. You can do anything you like with company data; analyse it, pull it apart, listen to speculators, traders, journalists, but the result a closing is always the same.

2. It is correct that history does not necessarily reflect the future, and that’s quite right, no one would argue the case. But, and it’s a big but, it has been proven time over, that human psyche does repeat itself, the brain functions the in the same manner all the time. What you see on technical day trading charts is the result of past thinking, of past psyche. It will be argued until the end of time that you cannot trade for the future, based on historical data. But the technical data that is delivered and shown by these charts does lend itself to narrowing the odds enormously in our favour, IF used correctly. There are too many successful technical traders to suggest otherwise.

3. To see an excellent example, watch the price of a stock that’s moving in a trend, or range, and you can see that same patterns, by and large being repeated, day in, day out. All of a sudden, the price pushes beyond the upper and lower price boundaries that it’s held for the past few days or weeks, and you have a potential buy or sell trading opportunity.

There are traders who use only fundamentals, and still argue against technical trading, but if you have the time, a blend of both is best. The advantage of using chart set ups is that you can better gauge, and fine tune, where you are going to place you entry and exit positions.

How would you like to discover more about the techniques successful traders use to make profitable trades?

Download them free here: Day Trading Course

Ian Jackson is an authority on Day Trading information, learning the hard way - and now he reveals how you can learn the business too, without all the growing pains.

World Class Forex Trading Powers in 32 Seconds - Part 2

Monday, December 1st, 2008

I got the idea actually thinking about a children’s book that I had and it was this really strange book on how you can get things done right away. In fact, it was supposed to be this fun catalog. One of the things in this catalog was a device that you could put inside of your doorway and if you were a kid and were all filthy dirty and you walked through this thing, it would make your clothes and body instantly clean.

It had another device where you could turn into your room and it would make your room instantly picked up. You know even as a kid, I remember going through this thing and spending a lot of time thinking, man, wouldn’t that be great if you had something that would make old things brand new or you had something that you could walk through and it would make your body instantly clean?

The book was really playing as a kid, on that desire for the instant fix. I think all we have to do is back ourselves up a little bit. You know there is really very little in life that we can do instantaneously. I have got a very young son. He’s, I get the months mixed up; he was born in January. So he’s 15 months old. He’s going to be 16 months old. So he is learning how to walk, right? You and I as adults; it doesn’t take any kind of brain power for us to walk. It’s just instant. We get up and walk.

Listen. This little guy has taken months to learn how to do something that we take completely for granted and most of the time, don’t even think about. It’s not that we instantly learn how to walk; we just learned how to walk relatively quickly compared to how long we have been alive. Most of us have been walking the planet for 20, 30 or 40 years now. Some of us I know I have talked to, 70 years. It seems like well, I have always walked. We don’t have a conscious idea of how long it took.

Mac X is recognized as a forex expert trainer, forex trader and author of three best-selling forex trading books and Home Study Courses including “How To Get Filthy Stinking Rich Trading The Forex” book and Home Study, “How To Trade The Harmonics of The Foreign Exchange Markets”. Mac X has trained over 1,300 students in large forex seminars, one-on-one and small groups. Read Mac’s Forex Blog for more Forex Trading information at http://www.TheInsiderCode.com

Forex Killer Review - The Definitive One!

Friday, November 28th, 2008

This Forex Killer review isn’t harsh, nor is it very good… I’m just going to tell you the truth about this popular automated Forex software, so let’s get going…

It is developed by a man named Andreas Kerchberger who claims to be an “at home” Forex trader having worked his trade at Deutche Bank. This is definitely an achievement, but does it mean that his software is any good?

All the Forex Killer reviews I’ve seen seem to have been written by people who have never used the product, this is sad as it’s actually really good. It uses an algorithm to detect the best selling and buying points in trading, it does this by computing minute differences in pip change and spitting out the results.

It is quite user friendly and has large icons, this is good as you’ll be looking at the screen a lot and don’t want to be squinting. As we know, Forex markets trade all the time, so, even while you rest, your currency trades will gain or lose. Nothing can change this.

One little quibble was the language differences, you see, Andreas is German, so, there are a few spelling and grammar mistakes inherent to the program. But, it really doesn’t matter and you’ll soon become accustomed to it! It should be noted that while this Forex Killer review is aimed to help your decision, you must know a little about Forex trading to be successful with it. Failing this, read the instruction manual thoroughly. Nothing can surpass the human brain in making sound decisions.

Forex Killer has proven itself and has had a track record of about 80% accuracy. This is great compared to humans when it comes to predicting buys and sells. For more information on Forex Killer and other automated trading software visit ForexAutoTradingReviews

Juggling Economic Balls

Tuesday, November 4th, 2008

Lisa and I walked 5 miles around Boston to celebrate our wedding anniversary. The Swan boats, Italian food in the Northend, a new “doo” for Lisa on Newbury Street, and new summer sweaters for me(”About time you got some sweaters with bright colors!”, Lisa said).

At Fanueil Hall Marketplace we watched “Formerly known as ‘Jim the Juggler,’ now known simply as “Jim, from The Jim Show.” Jim does daffy juggling as children giggle and parents laughed (we laughed and giggled). Jim balanced on a large beach ball while juggling.
I cannot stand on a beach ball nor can I juggle. Yet every morning my brain attempts the economic juggle, a dance registered investment advisors do in their office (privately). No need to mention the balls required, but here is an outline of what each ball lofted represents.

Each subject has current relevance, especially when the market movers sell more stock than they buy. I will define and explain the relevance in my opinion.

  • Interest Rates
  • Bond Rates
  • Inflation

Other influences driving the stock market have aggregate affect, but individually lack market-moving clout. So, let’s look at what each subject means to the market.

Interest Rates: Lisa’s grandmother laments about the Bush administration while she longs for Jimmy Carter. “Those were the good ole days when the banks paid you for investing!” She remembers a call from a Florida stock broker offering her a 15% return on her $25,000 deposit. Of course, she and “Pa” never calculated their real rate of return (The inflation rate from June 1986 to June 1989 was 13.33% leaving 2.67% pre-tax real-rate of return)

Interest rates and inflation are the horse and cart of the economy. High Interest rates do not guarantee low inflation, nor that Lisa’s grandmother gets a “good-return” on her money. However, higher interest rates manage economies by affecting borrowing, corporate expansion, merger/acquisition activity (notice it slowed down on June 5, 2007), and currency values (U.S. dollar versus the Yen, as an example). Finally, the stock market dislikes high interest rates because there is less risk when buying bonds. You still with me?

News Flash! “Tracy Withers reports that “New Zealand’s central bank unexpectedly raised its benchmark interest rate to a record 8 percent, saying housing demand and consumer spending are fanning inflation. The currency rose to a 22-year high”

“Skellerup Holdings Ltd., which exports rubber goods used in medicine and irrigation, this week said full-year profit will fall by 34 percent because of the currency’s gain. The company is planning to stop some local production and fire workers because it is cheaper to make goods overseas, it said.”

Interest rate increases control inflation and can instigate sector recessions.

2. OK. On to Bond values. The bond market is all about the “cost of money”. Cheap money means mortgages, corporate buyouts, and stock market opportunity.

How come the bond market does not control interest rates? Perhaps because there is no immediate consensus, and bond traders might not consider inflation’s nasty economic slaps the way Federal Reserve Bankers do. Federal Reserve Bankers line their jackets and underwear with fabric imprints reading “Inflation”. Nothing matters more. At the Federal Reserve Bank water cooler, it’s all about inflation.

Bond traders are not numb to economic indicators. Sell-off’s in bonds push interest rates up and bond values/prices down. Bond traders don’t take risks with an greater courage than you or I. No one wants to lose money.

Joseph Keating, Chief Investment Officer for First American Asset Management thinks bond yields are now giving “competition” to stocks. Investors are observing bond yields, and consider bonds the “safer bet”. Stock buyers need a “premium” when buying stocks due to stock risk. This is known as “stock risk-premium”. When risk premiums are high, bonds fly.

Supply and demand drives pricing. So when bond buyers are attracted to higher yields, pricing gets tighter (bond prices go up and bond yields go down). This bond buying brings lower yields or lower interest rates in the bond market. Lower interest rates in the bond market decreases the risk premium making stocks attractive. When risk premiums are low, stocks grow. Fascinating, don’t you think?

Bond traders tend, in my opinion, to give weight to economic growth rather than to the value of the dollar. Dollar values may tell us more about inflation than any other indicator. Every commodity in America (and the dollar is no longer a commodity) is dollar-priced. If the dollar is down in value against other currencies, does it suggest that prices are inflated? Does this mean that someday, holders of the dollar will want more for what they can get with their lower-valued dollars? It seems so.

Inflation: No wonder the “Fed” worries about inflation. The insidious affect gets little attention from the public, but the result devastates buying power.

Tracking inflation started in 1914. Not much relevance tracking inflation from 1914 to now. However, we could try it from January 1997 to January 2007. From then to now, the inflation rate is 27.14%.
Now, let’s calculate what that means to your spending power. We can calculate the affect of inflation: $1+($1 x .2714)= $1.2714 or $1.27. This means your investment account per thousand must earn at least $270 more per thousand just to keep up with inflation.
The current Inflation Rate is 2.57%.

“Inflation causes reduced consumer spending, it squeezes profit margins,” said John Kornitzer, who manages $6 billion at Kornitzer Capital Management in Shawnee Mission, Kansas. (Bloomberg.com, U.S. Stocks Retreat on Inflation Concern…, Michael Patterson)

What do you prefer? High interest rates or low inflation? Juggle them if you can; for me, logic recommends asset allocation.

As a registered investment advisor, Ray Randall provides clients with tools to manage risk control as clients work toward investment goals. You may read more about him at Ethos Advisory.com Ray also manages the article bank and resource directory found at Echievements.com. Would you like to know how much risk your temperament permits? Fill out a request for a no-cost report on the Ethos Advisory Services contact page.

Beware the Most Toxic “Money Belief” - “I Can’t Afford It”

Monday, October 20th, 2008

Want to stop your financial progress in its track? Start believing the most toxic and limiting “money belief”–”I can’t afford it.” There are two things happen when you adopt this belief.

First, you begin to develop a belief of scarcity. When you say “I can’t afford it,” you are saying that there isn’t enough of something. While you might not have the resources available at the moment, that is just a temporary situation.

When you say “I can’t afford it,” you are slamming the door shut. You are forming a belief which may end up having serious consequences for your financial well-being down the line. Because of how your brain works with the words you say to it, you are giving yourself the suggestion that you not only can’t afford it now, but you won’t be able to afford it at a future time either. While that probably is not what you mean, it is what you assume unconsciously.

People who have difficulty with money or obtaining the resources they need (money, time or energy), often have a belief that there is not enough and won’t be enough. That is a belief that is usually not very helpful. The truth is that the universe is quite abundant. You are better able to attract some of that abundance if you believe it is possible for YOU to attain some of it.

The second thing that happens is an issue of value. When you say “I can’t afford it,” you are unsure about its value for you or your value to have this product or service. When you say “I can’t afford it,” sometimes you are saying “I don’t deserve it.”

If it isn’t valuable for you, it really isn’t an issue of not being able to afford it; the issue is that it isn’t something that is valuable, needed or wanted. When you say “I can’t afford it,” and mean “I don’t deserve to have this,” you are putting limits on your own value, and this will definitely limit your success.

Ultimately, you have a CHOICE to make–a choice about the value of the item or service to you. Is it valuable enough for you to spend your resources on? It isn’t an issue about what you can afford or what you cannot. It is really whether you choose to spend your resources on the item or service you are considering. Let its value guide you, not your limiting belief that you can’t afford it.

(c) 2008 Linda Pucci, Ph.D.

Linda Pucci, Ph.D. is a psychologist, life coach, trainer and owner of Inner Resource Center, LLC. She has 30 years of experience helping people overcome obstacles, change their lives, and reach goals they had not thought possible using her solution focused approach. She specializes in helping people get unstuck from negative emotions and limiting beliefs that sabotage their success. Get additional free tips and challenges for getting unstuck the things that block your success from her Inner Resources report at http://www.InnerResourceCenter.com or contact her for a free 20 minute consultation.

Nobody Caused the Financial Crisis, Really

Friday, October 17th, 2008

Nothing ever seems to happen without causing some good. For instance, there seems to be a little uptick in analyzing our thinking, as a result of wading through this financial crisis.

Radicals are starting to say that simple cause and effect reasoning could have prevented the current financial crisis. You may remember cause and effect from school, where as a thinking skill it is second in popularity only to the skill of avoiding thinking completely. But could an understanding of cause and effect have made a difference in the financial crisis?

Undeniably, cause and effect has its uses. The neat thing about cause and effect is that it makes you look good without much effort. When you know that something causes a certain effect, you can easily impress your friends. You look up and see a bunch of dark clouds and you casually mention that you think it’s going to rain. Then sure enough, it rains. Clouds then rain: cause and effect. Just don’t tell anybody how you do it and you’ll get a reputation for being really smart.

Unfortunately, cause and effect can get tricky. After you start using cause and effect, you begin to believe that everything has a cause and that you can spot that cause. Not so fast; you’re getting a little ahead of yourself. Sometimes things just happen out of the blue, without warning or reason.

That’s the situation with the financial crisis. No matter what anybody says, the current crisis is just the result of bad luck. There was no cause. It just happened, like all those forest fires, droughts, 100-year floods, and mega-storms that people predicted would be caused by global warming. Get real; predicting something doesn’t actually mean that you know the cause.

Let’s take a closer look at the financial crisis. With something this large, which has created hardships for more than half of the US population, people will probably ask questions: Couldn’t something have been done to prevent it? Cause and effect reasoning might have put us on the right track, if only those government economists could have found cause for alarm.

But nothing was obvious enough to cause concern. You can see that if we look at the major pieces of this crisis.

Cheap, cheap money - The Federal Reserve lowered interest rates, a lot. Who could know that cheap money would create a huge market of unsophisticated buyers and a huge industry of unscrupulous lenders?

Bait-and-switch loans, aka ARMs - Adjustable Rate Mortgage loans (ARMs) expanded the market and lender profits. And there was also something for consumers: low rates upfront and impossible rates to follow.

Inflated property appraisals - Lenders often worked with appraisers to inflate values and stimulate the market, creating what we now call “the housing bubble.” Sure the bubble attracted capital, but just because it was called a bubble, who knew it might burst?

Liar loans - Mortgage brokers from 2000 to 2007 routinely manipulated loan applications to let people get loans. Converting humbug into moolah is alchemy, not fraud.

Risk-free profits - Mortgage brokers quickly dumped new loans to avoid their default risk. Fannie Mae or Freddie Mac happily took on the debt with the backing of their rich uncle. Fannie and Freddie sound like the names of your slow-witted cousins; maybe if we called them Frances and Frederick they’d get a little more respect.

More profits - Weak loans were bundled, given blue-ribbon ratings, and sold to investors. Loan laundering is more important than money laundering because money has intrinsic value, while loans rely on a nice laundered appearance.

Reckless home buyers - People bought briefly affordable homes. Government economists didn’t see any problem at the time, but then they weren’t dealing with their own money. These economists now believe that home buyers should have known better.

This may seem confusing at first, because there were so many moving parts. Clearly, the government economists were perplexed. Were cause and effect signposts warning us of a crisis? Was danger lurking in harmless business activities? The economists wondered.

Once the crisis struck, of course, the wondering didn’t stop, but it changed focus. Now, the economists wondered if the economy was sound; everyone agreed it was. The politicians wondered how to bailout businesses, including Fannie and Freddie, whose lending practices were so outrageously unsound that they were on the verge of collapse.

As the focus shifts to working through the crisis, cause and effect is something of a hot potato in official circles. Politicians are looking for airtime to show us that they’re fully engaged after the fact. This may result in some cause-effect rhetoric, accusing the financial industry of causing the crisis. No doubt it will blow over after the November election.

In the short run, politicians do have a small dilemma. They want to convince us that they were smart enough to see the causes of impending problems, while avoiding the question of why they didn’t work to prevent the bad effects. Here is an example of why people in the know say that politics is a tough business.

You can see now that cause and effect reasoning fails to explain the financial crisis. There was no cause; the crisis was just bad luck. You can’t expect this thinking skill to fit in every situation.

In general, however, cause and effect reasoning could be a great tool for holding people accountable. Instead of telling each other to get over it and “move on,” we might start telling government to “hold on,” as in “we want to check this out.” This could cause unpleasantness in which responsible parties are held responsible, but it might have a cleansing effect.

Michael Durr is a marketer and writer. He publishes a website and blog on applied thinking, http://www.TheBusinessofThinking.biz

Visit the website to read an excerpt from his latest book, My Brain, My Future.

Make Money Fast Online - Money in Just One Day

Monday, October 13th, 2008

This article covers 2 methods of making money fast. This is for someone are in situations like: a bill due yesterday, a situation that needs fixing or paying school fees next week. Read this article carefully, I believe these ideas will help you make some money TODAY, if not in a week.

My goal for this article is to empower others with little or no money to spend, to make money the SAME DAY as they put tactics into action. Yes, you can try look at projects that will make money on the long run but that is not the focus of this report.

Now let’s look at 2 methods:

1) Join the IRA site

If you can write and you need cash on the very day, try out this website. They have a simple system where you write a few sentences as a test, and then get approved (typically the same day) to write articles, reports, etc. Once you’re approved, you can login to a job board, and check out open projects. Some of the writing gigs listed right now include article sets on mortgages, online degrees, weddings, SEO, etc.

They pay you the same day as you turn in your project. Look for a project that suits you, post on the site that you’re taking it, and once you’re done, submit it with a Paypal invoice via email and you’ll have your cash same day. Now the pay isn’t amazing, but it’s a legit way to get fast cash in your Paypal account - especially if you aren’t crazy about brainstorming ideas and having to sell writing pieces on your own.You can start right now at: joinira.blogspot.com

2) Become a Forum Poster

If you have spare time and want to make money fast. Try out the job of forum poster. As a forum poster, you are paid to make posts in someone’s forum, simple as that. Of course, you’ll need to have basic grammar skills and be fluent enough in the English language.

Many companies hire forum posters at a rate of anything between .10 to .35+ per post. Depending on the type of forum, they may pay even higher. For example, if it is a specialized forum like medical forum and you have medical background, you can get paid for as much as $1 per post! If you’re a fast typer, you might be able to make 30-50 posts per hour. You may even earn as much as $40-$70 for the day for posting. Obviously, this method won’t make you rich. But hey, remember that you need money fast and this is not a bad idea. Most companies that I’ve come across pay out the same day via Paypal. You can try out forumbooster.net, postingdirect.com or forumadvantage.com

Some forums may even allow you to use your own signature file, which is a great way of making extra cash. Simply choose a complimentary affiliate program that’s relevant to the forum you’re posting at, and use it each time you post. (Be sure to check and make sure it’s within the guidelines of each forum you’re posting at before doing this.)

Try out these 2 methods, you’ll love it!

If you apply these 2 methods you will definitely make money! How about learning more ways to make money online? If so, get a FREE report on how you can make money fast at our website at: http://www.makemoneyinoneweek.com

How To Save Money Buying Organic

Thursday, October 9th, 2008

No-one likes to spend any more money than they have to on their grocery shopping. I know I don’t. There’s plenty of other stuff I’d like to keep those hard-earned pennies left over for! We’ve all noticed the growing trend toward organic food. And I’m sure you’ve heard the benefits of eating organic over conventional produce.

But it costs more, right?

Well maybe not.

What if you could actually save money buying organic? While it’s true that pound for pound, you may pay 20-30% more at the checkout for organic, I believe it costs you less in the long run.

Let’s consider the facts;

1. You’ll save money by eating smaller portions. Studies have shown that organic produce gives you a higher nutrient content than it’s conventional equivalent. Nutrients are what fill you up, tell your brain you have enough tools to run the system More nutrients = smaller portions = less money down.

2. You’ll save money on snacks and binges. Remember all those added nutrients? Cravings and binges are a result of poor nutrition. Poor nutrition is a result of not enough nutrients. Organic food will give you lasting satisfaction, lowering the likelihood that you’ll lash out in between meals.

3. You’ll save countless dollars on healthcare. Organic eating is just one element of a healthy lifestyle. It all adds up. I’d rather invest the money toward good health now, live with energy and vitality, and save the money on medical bills down the track. Not to mention the hassle of poor health!

4. You’ll save money on impulse supermarket buys. Sure, you can buy organic at Coles now, but the best produce and variety is found at the markets or specialty stores. Plus, they’re a lot nicer to shop at than a standard supermarket. Shopping at markets encourages healthier and fresher choices - because that’s what’s around. Shopping at the supermarket encourages junk food splurges. That will cost you - and I’m not just talking about money.

5. You’ll save money on supplements, pills and magic powders. When you undertake to eat the freshest organic produce, you’re beginning a journey of sorts. Part of that journey is understanding that the greatest health, body weight and energy comes from avoiding man-made or synthetic (non) foods. This includes protein powders, weight loss miracle pills, and bottles of mixed-bag nutrition in the form of multi-vitamins. These things will cost you literally thousands over time. Replace them with real food - the best quality you can afford.

Think you can’t afford organic?

Think again.

Why not pay for health now, rather than paying the consequences later.

To learn your individual nutrition needs and take healthy living to the next living, contact me today at info@playlife.com.au for an individualized assessment, starting with a complimentary 15-minute phone consultation.

Life is now. Press play.

Katrina Eden is a CHEK trainer and Metabolic Typing Advisor in Australia. Make up your mind to press play on life with Katrina and ‘Play Life’.

To contact Katrina email info@playlife.com.au

Visit http://www.playlife.com.au and http://www.haveaflatstomach.com

Creativity, Planning and Communicating - How to Manage Uncertainty

Tuesday, October 7th, 2008

1. Communication of essential info: thinking about the work of Edward Tufte, the idea is “the information quotient” of your communication. This is normally thought of in terms of graphics and powerpoint slides, but I think it works for text too. On a slide, every pixel that does not carry information should be eliminated ruthlessly. Example: on a bar graph, the box outline of the data area does not provide info, and by eliminating it, you are more easily able to focus on the bars. Headers and heavily tarted up graphics diminish understanding. What would our plans look like if we brought the same approach? Probably billboards, roadsigns and cartoons. See once, remember always.

2. Sense making in planning:

a. “Certainty is a far better friend than doubt”. Human cognition is programmed to seek patterns in moments of uncertainty. You don’t have a choice but to use an inappropriate tool for problem solving if that’s all you have. It takes a supreme act of will to venture into other processes that are not yet imprinted especially when you are in a pressure situation. Until you hit a moment of immediate realization that disaster is now inevitable, and the “rat brain” takes over and you act from programmed intuition. That’s what it takes to override the rational engineering mind: a trainwreck.

b. So, how do you train for the uncertain? Is there an algorithm for managing uncertainty just as effective as the military decision making process (MDMP) for semi-structured problems? Well, the bad news is that the Army is struggling exactly with this cognitive problem. That’s also the good news: that what makes sense to you and your experience base is as likely a method as any other, in particular when you appreciate that you will only effectively use a method that you sense fits you and your needs anyway. When we are on a movement to contact, we go slower, take shorter steps, deploy more scouts, and strive to make new connections, then proceed more quickly when we develop a sense of what’s going on. Try that same methodology in your problem solving. Begin the “not-MDMP” by asking people to characterize how they think the process should go (so it silently and in writing, otherwise the first person to talk will seize the agenda) Then use divergent thinking process to explore the suitability of the choices. Then converge to agree as a group on the technique to apply.

3. A useful process in this regard may be IDEO’s routine process for rapidly, consistently and effectively generating innovations that have market value.

The Ten Faces of Innovation: IDEO’s Strategies for Defeating the Devil’s Advocate and Driving Creativity Throughout Your Organization by Thomas Kelley and Jonathan Littman (Hardcover - Oct 18, 2005) That book is the best description of the IDEO process. IDEO really gets it too and their market place performance proves it.

If you choose a “the challenge of creative design” metaphor to approach your “not-MDMP” challenge for handling uncertainty, IDEO could be a useful place to start.

Ken Long, Chief of Research, Tortoise Capital Management
finance: http://www.tortoisecapital.com
essays: http://kansasreflections.wordpress.com

Independent research, combining technical analysis and behavioral psychology.
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Training, education, mentoring and coaching for professional traders.

Forex Trading - Genderless Paradise For Women Traders

Sunday, October 5th, 2008

Despite the increasing numbers of women in business, journalism, news and politics the world is still possessed by male dominance. The unfair discrimination against women employees and applicants still exist and socially you can still hear how sexual differences are used to justify different roles for male and female. This made me think - can women in online forex trading finally enjoy faceless and sexless identity and earn just as much as male traders do? 

The answer is shockingly simple - women forex traders are just as good as men forex traders (if not even better!). Apart from living significantly longer, getting away from troubles using flirting and almost zero probability of becoming the next most-wanted serial killer, women are very good in multitasking and intuition.   

In forex trading your success depends on the intuition. It plays a major part in making a decision when to trade, how much to risk and whether it is worth it. Intuition is given to humans by nature but it is a known fact that women tend to be more accurate in using this “six sense”. It is basically impossible to make any kind of successful business decision without intuition and the ability to use it right comes in handy for female traders.

Apart from intuition women possess the ability to multitask. According to research performed in University of Pennsylvania in Philadelphia, women were found repeatedly better in multitasking. Women use more of their brains with any given task and that contributes tremendously to women ability to do several things at the same time. Multitasking allows women to become a professional forex trader, take care of a family and kids, and even find some time for themselves! Then comes the so called “nesting instinct”. Most women won’t risk what they cannot afford while gambling, investing and forex trading because of the “looking after the family” instinct. According to research women were found to take much less risk than men when it comes to financial investments.  

With some computer and internet knowledge, persistence, ability to read and learn how to trade forex and a little time any woman can lift her legs up on the table, trade side by side with male traders and earn just as much. Whether part time or full time, forex trading is sexless and there is no glass ceiling to stop female trader from getting the same profits as fellow male traders.  
Forex trading is an ultimate genderless paradise!

Check out more forex articles, tutorials and forex brokers reviews at http://www.forexexplore.com