Foreign currency traders have netted big profits for “Stocks Turmoil”. Global share markets still have not yet recovered from the cataclysm known as the Global Financial Crisis. World economies in the second millennium have been transmogrified – transforming the financial systems of nations throughout the planet. World bankers, economists and self-professed experts are witless trying to reflate the economic balloon without first plugging and repairing the massive holes. There will not be an economic recovery – but there maybe a new economic order for planet Earth. Does anyone in government, in Goldman Sachs, or in finance colleges realize that the financial world economy has changed dramatically?
There is no getting back to where we came from – the fabled land of milk and money. There is no trail of breadcrumbs to follow. The sooner governments and investors start making decisions based on the reality of the new economic paradigm the sooner people can start to gain employment, buy more goods and services, purchase homes and lead a somewhat normal civilized life.
Investors need to shun the traditional wisdom promoted by financial gurus – who were certainly found wanting. Buy and hold strategies of the dark ages of investing are useless in turbulent markets. Now it is essential to be a trader and to trade money and real commodities – instead of falsely valued stocks in artificial share markets. There are three ways you can make money in the four trillion dollar a day currency market. You can learn to trade manually (you do the trading yourself). You can hire a team of professionals to manage your money and trade it for you (make sure you get a team – spread the risk of one forex professional getting it wrong). And, you can invest in a range of forex trading robots. Again make sure you employ a number of trading robots – in the same way you should engage more than one or two firms of professional traders.
There is no guaranteed that you personally will become a skilled and successful forex trader. True it does not require an innate ability to successfully be a currency trader. It does not even require a college education. However it does require training and practice. Do not expect to drive a formula one racing car at the speed of light the moment you hop in the seat. Get your experience cheaply – by starting with a practice account and then grade up slowly with a small real account. Any sizable amount of capital should be allocated among professionals with good track records until you become proficient enough to be able to trade your own money. Even then it will be prudent to still allocate part of your funds to professional forex traders so that you continue to employ diversification as a risk management strategy.
Most professional traders also engage forex trading robots – not necessarily to actively trade for them but to generate buying and selling signals. You too should adopt the same approach – to assist you determining trades and placing orders. In addition make sure you have a number of news services that broadcast pertinent economic and market data – imperative for all traders.
Source by Paul Deana
