WOMEN IN FOREX
it transformed your trading ? RH: I think a lot of traders
forget that before 1996 we had to draw our charts manually. What most traders did was plot a market on the daily chart by getting the closing price by broker and plotting a momentum or
simple moving
average study. I believe that traders who were trading before the Internet and before we had the luxury of more complex
indicators
relied on price predominately - price action, price patterns. It’s
a very different
way of looking at the market than through the interpretation of technical indicators and probably because of that that my reliance on technical indicators is more a
secondar y confirmation to
what I see in price. With the Internet everything
changed - ever ything from order execution, accessibility, information, and more than anything it created a community that we enjoy today, not to mention the knowledge and the information that’s available freely on the Internet. Before the Internet I probably had a half dozen books that
I read, most of them written in the years that I spent in a trading
office, my entire career has been based out of a spare bedroom which I endearingly called a “home office”. I realize some people do need to get out of the house and trade from somewhere else and I think really it’s a matter of knowing yourself.
I kind of liken it to people
who are wil l ing to exercise from home and those of us who like to actually go and workout at the gym. It is easier to be distracted or skip the workout from home but once you’ve gone to the g ym there is a certain commitment: you are there and
RH: I love this question
because it’s what I have been striving for probably for the last 5-6 years. A trading day for Forex trader virtually becomes Sunday evening to Friday evening as it’s a 24h market! I personally soon realized I had
FX TRADER MAGAZINE July - September 2011 63 early 1900s. I stil l find those
the books that shaped me the most and this may sound off but frankly I’m kind of thankful that I didn’t have the Internet when I first started trading.
MG: How have you managed
to separate your work from your personal life ?
RH: Except for about two
FX
it’s time to work. I like to trade from home in the morning and then get out of the house. I go to the gym and workout with my husband who is home with me, I kickbox twice a week with my best friend, I take my ma out to lunch... whatever it is - it shouldn’t be trading related.
Obviously trading is an
Trading is about freedom: I think there are plenty of ways to make a living that might be easier and more stable than trading...
avenue for homeworking, as would be investing. But I think a lot of people underestimate how hard this is to do for a living and the fact that it’s easy to be interrupted at
home and those
interruptions can cost you a lot of money. To
me trading is about freedom: I think there are plenty of ways to make a living that might be easier and more stable than trading...
MG: What would be your
advice for a private trader to find success in Forex and at the same time a good quality of life ?
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