How Seniors & Forex Trading Make Money

By: Monica Hendrix

In Forex trading age is no barrier and many men and women are enjoying a lucrative income in retirement and you can to. This article is all about seniors and forex trading and how to get started. The advice however applies to all, as age is no barrier.

If your mind is still fresh and you enjoy a challenge, then there is no reason even if you are in your eighties or nineties, you can't enjoy forex trading success.

The reason I wrote this article on seniors and forex trading was, one of the most successful forex traders I know is a lady of 83 and she's very good at it!

She was looking to make some extra money and have some fun and that's what she's doing and doing it well.

So how do you get started at forex trading online?

Getting the right Education

The first point to keep in mind is to get the right forex education and you don't have to pay for it.

There are many free sources online which will give you excellent forex education and help your learn forex trading the right way.

Success is down to You

A word of warning don't believe the copy of any of the automatic robots that claim they will give you success with no effort - your old enough to know that life is not like that and success comes from your effort.

There is no free lunch in forex trading just as there is no free lunch in life but you can easily learn a forex trading system that will be successful and make you longer term profits.

Once you have learned your trading system executing your trading signals should take no longer than 30 minutes a day.

Use forex Charts

The simplest most time efficient way of trading forex is to rely on forex technical analysis and use forex charts.

If you can spot repetitive price patterns on a graph, then you can make money.

The logic behind forex charts is simple, compelling and makes money and simply is:

All prices are decided by traders while we all have the same facts to look at we make different subjective judgements on what they mean. This means its humans that determine the price of anything - the facts are unimportant, it's how we as a mass of traders see them that's important.

As human psychology is constant and never changes, human nature repeats itself in a number of high odds chart patterns, which can be traded for profit.

If you use forex technical analysis, you don't care why prices move, you just want to make profits from them when they do!

Once you have your forex trading system and you are ready to trade it only should take you about 30 minutes per day to execute it and it only needs to be a simple trading system.

Simple systems work best, as they are easy to understand, easy to apply and very robust - complicated systems have to many elements to break so keep it simple!

So there you have it a brief introduction to forex trading for seniors - if you have some risk capital and want a fun and exciting way to make big profits.

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