Patrick Mahony Forex

patrickmahony By patrickmahony, 21st Oct 2015 | Follow this author | RSS Feed | Short URL http://nut.bz/y5rt9n-g/
Posted in Wikinut>Money>Forex Trading

When it comes to trading currencies, there can be many tricky nuances that a novice might not be aware of, which could conceivably wipe out that investor’s stake much quicker than they might have imagined.

Patrick Mahony’s Forex Dos and Don’ts

Long-time Forex trader Patrick Mahony has seen such circumstances develop frequently over the years, which is why he recommends a much more measured approach to making such an investment. He knows that the allure of being able to trade currencies around the clock can be hard to resist for those with a yen for excitement.

However, just like all casinos are built through the losses of its patrons, the winners of the forex market are able to cash in on the mistakes made by those with less access to key information that can sway the currency market.

Given the sheer volume of traffic in this expansive market across the globe and the speculative nature of the entire enterprise, Patrick Mahony knows that such circumstances can present a severe challenge to all but the most well-heeled investors or corporations.

The volatile political situations that seem to pop up on a daily basis have a direct impact on the forex market, while groups like hedge funds bring with them algorithms and detailed research that help give them a decided edge when it comes to assessing how to invest in this area.

Those professionals are also much more in tune with the psychology of the market, which Patrick Mahony has been able to watch during his time as a trader. These methods, such as looking at things from a wider, long-term perspective, focusing on more stable

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Forex, Patrick Mahony, Patrickmahony, Trading

Meet the author

author avatar patrickmahony
Patrick Mahony is a UK-based professional active in the financial industry. He is a graduate of the London Business School.

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Comments

author avatar Sivaramakrishnan A
22nd Oct 2015 (#)

Forex gives great returns but at greater risk - siva

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author avatar GV Rama Rao
27th Oct 2015 (#)

How different is this from trading in stocks and shares?

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