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Forex Opens Up Opportunities For Everyone: Make Money On Trading Like Mrs. Watanabe

12:47 PTG 30/07/2020
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Forex trading

Many of us heard about the best Forex traders, like George Soros, Stanley Druckenmiller, and other famous people. Can you imagine a whole country of succesful traders? Thousands of Japanese housewife Forex traders were given the name Watanabe.

For centuries, we’ve had a stereotype that a man is the main and only earner in the house. When Forex began to gain popularity, it was also referred to as a male occupation. And in vain. The women of Japan have proven that everyone can earn in the foreign exchange market.

How It All Started

During the economic downturn in Japan in the 1990s, all families suffered from a severe lack of money. Men received little, no support funds were paid for children. Despite this, women were not allowed to work. The taxers even punished them for trying to go to work.

Then Japanese housewives found a way to help their families from the comfort of their homes - making profits on Forex. Women began to trade between household chores. And they did it so successfully that later fame about them thundered all over the world. Japanese housewives even got their name - Mrs. Watanabe (a common surname in Japan, like Smith in the USA or Wang in China).

In those very 90s, when the economic bubble burst in Japan, interest rates collapsed. Mrs. Watanabe found a way to play on this and turned to a reliable strategy - carry trading.

This is a rather uncommon strategy that didn’t carry any significant risks. Housewives borrowed a currency with a low interest rate (and we already know that at this time it was the Japanese yen) and paid small fees, after which they invested in a stronger currency with a higher interest rate. This brought them an instant return on the rate difference. An elegant solution, right? In no time, Japanese housewives started earning more than their husbands.

Mrs. Watanabe in 2000s

In the middle 2000s, the secret trading career of Japanese women became widely known. By this time, the rules for financial trading were loosened which gave more opportunities to enter the world market.

Tax inspectors began to increasingly "catch" those Mrs. Watanabe, as they made profits in secret and didn’t pay taxes. One of the most famous cases was a flower arranger who hid 400 million yen from the authorities.

How Mrs. Watanabe Learns and Trades

Japanese housewives follow the same path as any other successful trader. They start with learning. They use the same materials on the Internet as any other trader, go to free seminars that are held in their area. And then they learn from their own mistakes.

Mrs. Watanabes make up a trading routine for themselves, like any ordinary trader:

  • Trade from a desktop or mobile device
  • Daily study the current situation on the market
  • Use advice they find on specialized sites (social media or trading blogs)
  • Make technical analysis before entering a trade
  • Many try to close positions before the release of important news in order to minimize risks, etc.

Everyone Can Be Mrs. Watanabe

At some point, Japanese housewives began to earn and invest such amounts of funds that their trade began to influence the world market. They have proven that absolutely everyone can achieve success thanks to perseverance and diligence.

Of course, at the moment, the Forex market is still dominated by male traders. Especially, at the age of 30 to 50 years. But every year more and more women and young people begin to realize that they have a number of advantages that will help them become professional traders:

  1. For women, it’s perseverance, dedication, risk management, enough free time if you are a housewife.
  2. For young people, it’s quick learning, a lot of energy, the ability to easily cope with losses, etc.

There is no doubt that Mrs. Watanabe became a new trend in the global market and inspired many novice traders, especially women, to make an important decision in life - to take their financial well-being into their own hands. Many thousands have already reached success. Maybe it's time for you to try to become Mrs. Watanabe, whoever you are?

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Payrolls economic calendar USD intraday traders price action requote Fed Interest Rates inflation level economic news XAUUSD gold XPTUSD platinum XAGUSD silver USDCNY Chinese Yuan correlation Correlation Matrix instruments trading calculator swap trading hours price level support level resistance level risk-to-reward ratio highs and lows oversold/overbought RSI indicator Fibonacci MetaTrader 4 swings self-trading Forex advantages copy trading money management trading signals trading journal profit level emotions emotions control fear day trader trading routine trading setup position closing timeframe low-frequency trading set and forget end-of-day trading Expert Advisors exit trade auto-trading OCO trading mindset confident trading trading goals japanese candles candlesticks patterns stars doji morning star evening star trading psychology morning routine unusual trading tips useful habits leaving Forex useful tips motivation on Forex demo account starting capital initial investment 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sessions major trend trading strategies oversold overbought reverse signals Fibonacci levels European session cross currency GBP/JPY intraday strategy American session M5 Bollinger Bands Donald Trump Joe Biden coins indexes DXY ICO ECB martingale EMA EA weekly chart false breakout breakout strategy Entry order risk to reward ratio base currency quote currency bonuses tradable bonus no deposit bonus deposit bonus cashback trailing Stop EURJPY RSI Overbought/Oversold hammer morning start candlestick pattern Twitter Trump euro Canadian dollar Japanese yen Mexican peso quotes currency pairs China currency wars trade agreement H4 D1 sell trade buy trade trading system teacher mark-up mark-down consolidation distribution uptrend downtrend long positions short positions double bottom double top pattern signal presidential cycle Elliott wave Kondratiev wave Forex terminology quote standard lot mini-lot micro-lot cross pairs exotic pairs counter-currency candlestick chart bar chart line chart range market channel high low ADX OHLC cross-currencies EUR intuition trading robots Forex mentors exotics minors trading patterns wedges pennants triangles breakout trading range trading productivity multitasking range rectangle sideways channel trend figure Alexander Elder John Murphy Jack Schwager limit order reverse pattern rounded bottom rounded top saucer inverse saucer financial intelligence financial education long-term investing Forex scammers money managers million financial literacy budget goal setting demo live live account VPS remote trading mobile trading ethereum tether litecoin oil economic sentiment consumer price losing streak full-time trading start-up capital discipline drawdown currency CHF CAD Great Britain pound Swiss Frank reserve currency perfectionism women in Forex female traders advantages of Forex social trading trades positions size platform non-farm payrolls fed rates decision central banks Chinese yuan flat US Dollar aggressive EAs cent accounts 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ask shooting star inside bar pinocchio bar stop-hunting false signal Default mode network weekly candle engulfing candle W1 scripts Excel tables equity balance gap trading MetaQuotes iOS Android mobile terminal PPI referral Introducing Broker Japanese candles inverted hammer hanging man abandoned baby spinning top spinning bottom market balance Forex risks trading risks systemic risks technical risks force majeure criminal risks time management partnership program Forex bonuses Forex contests high water mark