Trading Psychology and Professionalism

I spent part of today reading through FXGears psychology material. It's a great read and I highly recommend it to any new traders. Below is the introduction.


"Being a professional is, before anything else, a lifestyle and state of mind.

If you need a job title, or account balance to feel "professional", you're in the wrong game. There's nothing wrong about that. Seriously, the majority of people out there will tie their self-esteem (and judge their peers) to this metric. If this is you, and you love the markets/finance, go out and get a job at a brokerage as a sales/account rep, or work for a large company where years of tenure will land you with some VP title and a nice salary, and enjoy life. Don't attach your idea of 'success' to trading results alone, you'll only end up frustrated an in emotional pain (and worse yet, you might sour yourself on the industry as a whole.)

However, if you're not interested in playing the game of life in such a way, and you seek the kind of fulfillment that can only come from taking total control over your actions against humanity's strongest instincts and psychological flaws... then read on, the life of a professional trader might just be a good fit.

"nanos gigantium humeris insidentes"

"...If I have seen a little further it is by standing on the shoulders of Giants" - Isaac Newton (but this ideology stretches far back, well before his time.)

Most things you'll read here have already been published by various authors or mentioned from various sources. I'm not reinventing the wheel here when it comes to trading psychology. Instead, I aim to align select bits of info that I feel showcase the acme of skill in trading and do my best to right the path may traders are current on.

Here's the best part; we're not even going to talk about trading itself right now. No, that's going to be far down the road from here. Right now, we have a much greater challenge ahead of us: We must undo thousands of years of instinct reinforced by your life's experience that lead you to where you are as a human being right now."

You can continuing reading the next section here.

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