How To Become A Successful Part-Time Forex Trader
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Jody Samuels is still a trader, a coach and a business forex is really work place for woman, as she was when we interviewed her for the first time five years ago.
Her business is different in what she offers, but it is still about educating other traders. She talks about the challenges in working home and the sets of habits she needs to develop being her own boss. Today, my business looks completely different in the sense that we have a solid course offering which revolves around understanding the convergence of the key analysis techniques, Elliott Wave Analysis, Fibonacci, and Harmonics, and combining it with strategy to find high probability trades.
To further keep traders on track with the price action, we offer daily analysis rooms during New York and London. Yes, I work from home and keep to myself during the work day. My children are older now, so they require less of my immediate attention and my husband also works out of the house albeit in a different floor. The exception is when we play tennis together during the summer months — we try to play 3 times a week. The challenge for me in working from home is establishing a start time and an end time to be at my computer.
Now that the book is finished, I can breathe some fresh air and plan my working hours better. I love the freedom, creativity, flexibility and independence of running my own business. I love some of the challenges of running a business when it means growing the business. I also hate the challenges at times, especially when I feel like I am up against a ceiling of complexity and need to simplify things.
Sometimes I have to take a step back and try to observe my business as an outsider. I also need to make sure that I have the right team in place to bounce ideas off of and help grow the business through the marketing and promotional side. Being my own boss requires developing a set of positive habits that supports my business. These habits include taking the time to periodically review the goalsperformance metrics and strategies for building the business; getting clear on any obstacles or hurdles that stand in the way such as people, business strategy or execution; maintaining forex is really work place for woman and accountability by having clear priorities; and, keeping up with the technological advances in order to better serve our trader clients.
Women need to be so much more organized than men, no kidding! A woman in a family can easily be pulled in so many different directions and lose sight of her strengths and abilities and what her passion is for making a difference. While it is important to manage the needs of a family, it is also key for women to make time for themselves and organize their schedule to make time for their trading. One of the main characters in my book is a woman struggling to balance her trading career with motherhood.
It is certainly something that many women struggle with. Five years ago, I said that women may have more of an intuition about the market, almost like a gut feeling that the market will go up or down. I also said that women might be more conservative forex is really work place for woman less aggressive than men. If it is indeed true that women have intuition, forex is really work place for woman still have to trade with a clearly defined strategy and trade plan. What the intuition does is stop them from taking all trades, almost like a filter, so that the high probability trades are supported by that gut instinct.
There are also some very talented men that have that abilityjust by internalizing the market setups that seem to do better forex is really work place for woman others and going with those. It would certainly be interesting to do a poll to see if some of the gender differences discussed five years ago are true today.
Because one thing is clear. I am seeing more and more women traders now than I did five years ago. How do you manage to keep work and private life separate? Leave a Reply Cancel reply. Women in Forex — Kathy Lien: Women in Forex — Forex is really work place for woman Bednarik: