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A Day in the Life of a Trader
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In trying to arrive at where you feel the economy may be, listen to the announcements on interest rates etc. You will almost certainly form your own view of the economy from your own experience of house prices, job opportunities, and retail knowledge. Try to use common sense rather than trying to acquire some deep knowledge of facts and figures that only economists understand. After all, if they know anything of value they would have retired long ago. Try to think in a common sense way.
Keep a check on oil prices. This is not normally good news for the markets, as increased raw commodities such as oil, can only increase company’s costs and therefore reduce profitability. Despite this in the last 18 months with oil at record levels, shares have continued to move higher.
Keep an eye on the price of gold, because it can be an indicator of political uncertainty. It can also have a direct impact on mining stocks (look at oil prices recently)
And finally, remember, you are in this to make money – not for fun. If you are looking for fun or a thrill, try the on line poker or horse racing. Trading and investing is hard work and is about making money – not losing it!
Author
Anna Coulling
Anna Coulling is a full time currency trader and investor, who specifically helps women to understand the financial markets.Copyright © 2001-2008 Trade2Win Ltd.
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