Business forex home traders

Business forex home traders

By: Aragorn Date: 21.07.2017

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 future direction of the forex markets?

What edge could you possibly have on the 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 them from the comfort of our own home - sure. The only reason forex trading is so heavily marketed 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 minute for eight hours a day. Net result, forex bunnies - sorry, clients - 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 two-hour free seminar, a smattering 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 matter 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 by exploiting tiny margins 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 a much bigger position than your capital would otherwise allow, while you pack four kids off to school and 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, are fanciful guesswork rather than a researched likelihood. By submitting your email you are agreeing to Fairfax Media's terms and conditions and privacy policy.

Forex trading for retail investors is now a massive business, not because 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 member today! Join today and you can easily save your favourite articles, join in the conversation and comment, plus select which news your want direct to your inbox.

Become a SMH member today! Home News Sport Business World Politics Comment Property Entertainment Lifestyle Travel Cars Tech Video All News NSW News National Environment Health Education Investigations Good Weekend Galleries Clique Photos Victoria News Queensland ACT News WA News. Sport NRL Union AFL Football Cricket Racing Motorsport Basketball Netball Cycling Tennis Scores Golf US Sports Athletics Swimming Boxing Sailing.

News Markets Quotes Workplace Consumer Property Innovation Retail Economy CBD Money Small Business. Politics Politics Political Opinion Video Cartoons The Pulse Federal Election Your Vote Electorate Map. Comment Letters Editorials Column 8 Obituaries Peter Hartcher Ross Gittins Jessica Irvine Blunt Instrument Satire.

Tech News Security Web Culture Innovation Sci-Tech Gadgets Games eSports Smartphone Apps Mobiles.

Video News Sport Business Entertainment Lifestyle Travel Property Cars Food Exec Style Parenting. News Markets Quotes Workplace Consumer Retail Economy CBD Money Small Biz Property Innovation. You will now receive updates from Business AM Newsletter.

HuffPost Australia Drug Addicts, Alcoholics To Be Denied Facing A Housing Crisis, Young Aussies Most Popular Macquarie bankers drug colleague with valium, laxatives. Follow BusinessDay Share on Facebook Facebook Share on Twitter Twitter.

Follow SMH Share on Facebook Share on Twitter Share on Email Newsletters. Most Viewed Today Previous slide Next slide. Business Macquarie bankers drug colleague with valium, laxatives. Money in tax fraud 'laundered through Lebanon'. Macquarie bank faces class action over advice on dud Brazilian mine project. Which 10 consumer brands influence Australians the most? The Sydney Morning Herald Islamist militants take hostages in Philippine school.

Fadi Ibrahim takes case of mysterious mansion bargain to court. Stay away from London if you're coming to Europe.

Macquarie bankers drug colleague with valium, laxatives. The Age 'Get off your fing phone': Mystery surrounds Bali jailbreak through flooded escape tunnel. Bulldog Stringer hits out at hurtful rumours about his family.

How to Trade | Forex Trading | Trading Software | Hawkeye Traders

Brisbane Times Former mayor Paul Pisasale arrested, charged with extortion. Man hit by truck crossing Adelaide Street.

Online Trading & FX for Business | OANDA

Paul Pisasale granted bail despite police objections. Family in mourning after pedestrian death. Council accused of removing hedges used by homeless. Canberra Times Fire sends plumes of black smoke over Hume.

Public service peace close as big depts vote.

New Child Support pay system a 'shambles', say public servants. What were the Kardashians doing at a surprise ACT wedding? The Belconnen suburb with double the number of loud music complaints as Civic or Kingston. WA Today Capel mother charged over baby's death after 'catastrophic head injury'.

Forex Trading: The Ideal Home Business? - cyzopuk.web.fc2.com

Dog walker stabbed in unprovoked Perth attack. New injury could set Eagles' Josh Kennedy back another four weeks. WA government announces inquiry into regional flights. Mother's warning to others as Bunnings investigate razor blade in trolley. Get Started Subscribe today for unlimited access from only 50c a day. The Sydney Morning Herald Share via Email Share on Facebook Share on Google Plus Share on Twitter RSS Feed.

Products and Services AM Edition PM Edition SMH for iPad Today's Paper Subscribe Manage My Subscription Subscriber Hub Corporate Subscriptions Digital Subscription FAQs Good Food Guide The Store by Fairfax Newsletters. Sydney Morning Herald Sitemap About Us Contact Us Subscribers Advertise With Us Text Version Site Accessibility Guide Privacy Policy Conditions of Use.

business forex home traders

Classifieds Place an Ad Cars Dating Jobs Real Estate Commercial Real Estate Oneflare Nabo Tributes Celebrations. Our Sites SMH The Age AFR. Info Save articles for later. Info Subscribe for unlimited access to news. Login to save articles. Info Return to the homepage by clicking on the site logo.

Rating 4,4 stars - 392 reviews
inserted by FC2 system