Over the past 30 years we have watched as women’s role in the business world has changed dramatically. In the 80’s, there were far fewer female executives and entrepreneurs, and in many offices the only female employees were secretaries.
These days however, more and more women are making more money than their husbands, and many unmarried women are buying homes and accumulating sizable nest eggs on their own. However, one thing that hasn’t changed much is the fact that very few women feel confident managing their own investments. While they are making more money than ever before, many women let their money sit in savings accounts were the don’t even keep up with inflation!
This being the case, I think it is important for women to learn about investing strategies, and even short term trading tactics that can be used to make quick profits. In today’s post I want to talk about two ways to get started trading, that are simple enough that even somebody with a beginner’s understanding could easily implement.
The first trading method is something that a lot of people have never even heard of – Binary Options trading. Trading options is great because it is so simple to understand. A binary trade can only go one of two ways – either you win or you lose, that’s all there is to it. The trick in knowing what trades to make is to use intel that comes from a highly tuned piece of software, because this eliminates the risk of making costly “emotional” decisions when trading. These days there are numerous software systems available that can tell you which trades to make and even trade for you, based on advanced algorithms. My pick is something called The 100% Profit Bot, which is evidently guaranteed to produce profits (do your due diligence!)
The other market I recommend trading in is “Forex” which stands for foreign exchange AKA (foreign currency trading). A lot of people have been hearing good things about trading in the Forex market for years, but have yet to get their feet wet in it.
Have you ever wondered why foreign exchange trading is so popular and why it has been in existence for so long? First off, it is safe to say that so long as currencies around the world exist, so will foreign exchange trading.
There is absolutely no financial market in the world that is as large or as liquid as the foreign exchange market. Yes, it surpasses even the stock market. It is estimated that around $2,000 billion is traded in the foreign exchange market daily.
One of the most unique features of foreign exchange trading is that there is no central marketplace for it. Instead, currency trading is performed via electronic means. Transactions can occur between traders over a computer no matter where one is located in the world. There is also no schedule to follow with regard to hours in the day. The market is open 24 hours a day, from Monday through Friday. Some major financial centers around the globe include London, Singapore, Tokyo, New York, Sydney, Frankfurt, Singapore, Paris, and Zurich. Because of its prevalence across time zones, the foreign exchange market is constantly buzzing throughout the day all around the world. Price quotes can also change in the blink of an eye.
If you are interested in Forex trading, I don’t blame you. There is definitely a lot of money to be made. However, in my opinion you are better off learning a bit about how the Forex market works before running out and buying a so called Forex Robot to make all your trades for you. A great training course on the subject is Vladimir Ribakov’s Forex Gemini Code which lets you learn all of the ins and outs of effective Forex trading from the man himself Vladimir Ribakov.
In the end, every woman needs to decide for herself in she has the time to trade stock, and other asset groups, of if she is better off doing long term investing. Whether you choose to start trading, managing your own portfolio, or hiring a wealth manager, the key thing is to approach your investing with both eyes open.