Most notable people in foreign exchange (FOREX) trading are men. Nevertheless, there are also a few successful traders who belong to the female gender. Let us get to know one of the successful women traders worldwide and talk about her beliefs, and the techniques and strategies she uses in FOREX trading. This woman trader is the author of the book titled "Forex Trading for Maximum Profit," and her name is Raghee Horner.
Raghee Horner has more than fifteen years of experience in FOREX trading. Aside from being a co-founder of EZ2Trade Software, she also teaches students worldwide about charting strategies and technical analysis. She is always invited to deliver speeches and keynote addresses about FOREX trading in such places as Asia, the Caribbean, Canada, and the United States. She has been educating people about such topics as equities trading, futures trading, and currencies trading.
Aside from such contributions to the trading industry, she also acts as a coach and mentor of hedge fund and money managers. She also writes articles with regard to market psychology, active trading, and investing. As mentioned earlier, she wrote the book "Forex Trading for Maximum Profit," wherein she educates her readers about the FOREX market. At the same time, she introduces readers to what she calls the "Three Classic Tools to a Three Step Analysis."
Raghee Horner says that one of the best things about being a trader is that she can work at home. All she needs is a high-speed Internet access and she is all set to do trading. In fact, she works in her home office most of the time. And in most cases, she uses her laptop to trade. However, she also keeps a back-up personal computer and Internet connection for emergency purposes.
With regard to charting strategies, Raghee Horner has used several already. She used bar charts during her first days of trading but eventually shifted to the candlestick charting strategy. Raghee Horner did not find such transition a very easy one as it took her almost a month to study and get used to the candlestick charts and patterns. She currently uses eSignal charts which, according to her, have exclusively been her trading partner for years now.
Raghee Horner believes in the importance of watching and reading the news on television and in newspapers because it helps her become updated with economic reports that definitely form part of FOREX trading. She is considered a FOREX expert by many and she believes that it is because of her skills as a chartist. She, in fact, encourages other traders to improve their skills on reading charts. She believes that traders who are efficient in reading charts can actually have the ability to trade all markets, such as FOREX, commodities, and stocks.
Raghee Horner always advises other traders to act like they have been there before. She believes that it is important to always stay positive because it is possible that emotions will ruin the traders' career. But more than anything else, traders should study and understand their trading plan thoroughly.