Kathleen brooks: An inspiration of forex trading - Learn Forex can be overwhelming with its obstacles and problems. The doubts and worries that come with it that results in lack of confidence can haunt you. This might scare some people who are interested in starting to trade in the Forex market. This is because some might assume that Forex is a business that has high risks if compared to other types of business.
The amount of transaction can be large at once and when losing to the market, traders get stressed. But, every business has risks that follow, especially the ones with high potential return. With Forex, you could really make a living or even make a fortune. There is always profit, but there is always loss as well. The same goes in every other business.
While traders must understand this in advance, there is nothing wrong with looking at others in order to be inspired. Seeking from others can motivate you in the world of Forex trading. Not only you can build the spirits inside you, but you can also learn about Forex strategies. One of the experienced traders who is world-famous is Kathleen Brooks.
Who is Kathleen Brooks?
When it comes to the Forex world, the work is non-stop and traders have to watch and keep monitoring the movement of price that is happening globally. Considering the long-hour of work, some people might think that it would be hard for a female to do this. Meet Kathleen Brooks, a professional trader with hundreds to billions of dollars profit every time she trades.
Brooks currently serves as the director of FOREX.com, which is the world's leading Forex broker company. She also writes her tips and tricks of becoming a successful trader on her books. She has been the icon of financial magazine. She also writes books to share about her knowledge and experience that she has gathered in the Forex market.
What Can Be Learned From Her?
She teaches how traders should be in control of themselves to achieve their trading goals. Each trader needs to know their potential, their own strategy and their own individual styles. Most find it hard to be patient while trading in Forex market. This will create a reckless behavior and make poor decisions. Decisions that are made with emotions are not advisable.
The worries and perhaps jealousy should not be your reason to make a move. In her book, she talks about how to fuse both fundamental analysis and technical analysis in order to improve the potential results. She believes that the global events do affect the currency price in long term, but it can also be monitored daily.
To watch the daily movement, she bases her analysis on technical factors. What she is doing is creating her own style of trading. The best part is, her style meets both short and long term goals. In her book, she explains how she analyzes her market, make a plan out of it and then using the strategy to trade.
She brings you to her journey of using fundamental analysis to seek what is going on in the market. She then adjusts her plan with technical analysis. After that, she combines both fundamental and technical factors to select trades. She actually teaches you how to apply her strategies in your own trading, as well as her risk management techniques.
This method has been successfully proven by Kathleen Brooks. This is good for anyone who is currently beginning to trade in Forex. But, her book can also be applied by anyone in the markets who needs a change. If you are interested in learning Forex, you can also see Didimax's free online education, which is a good way to start your trading journey.