Thread: Do you see trading as fun and games?

“One thing very good traders have is insight into themselves.” - Chris Tate


FUN AND GAMES
Recently Louise Bedford and I have been doing the Short Term Trading Magic seminars in a few places and it has been sometime since I did any form of presentation on a semi regular basis. As such it has been interesting to observe people as they work through various trading issues.

One of the things I have noted is that people take trading far too seriously and this is reflected in a form of desperation. Desperation is the antithesis of the state of mind you need to be in to trade effectively.

There is no deny that this is a phase everyone enters at some stage in their career but to be successful you need to move beyond this and begin to treat trading as the game that it is. Once I started treating trading as a game then it became so much easier on the soul and my results reflected this. I even have a t-shirt that says that the fewer ****s I give the more I make.

This is not to say that I am reckless but rather that I am in no way wedded to the outcome of any trade. At its core my life will not change if a trade or even a cluster of trades are winners or losers – they are simply not that important. When compared to real life, trading is nowhere near as important as people think it is.

It is often commented that children are better are learning new things than adults who seem set in their ways. I am not so certain that this is a reflection of any great cognitive superiority or plasticity that the young may have but rather a reflection of their willingness to be both wrong and to play. Young children have no ego therefore the mistakes that their play generate have no impact upon their sense of self-worth. As adults we lose this resilience because we believe that it is somehow catastrophic to our self-image if we do make mistakes.

But in trading your mistakes are your own – no one else can see them so you are insulated from the judgment of others. This isolation gives you the freedom to be wrong but the only thing you have to cope with is your own judgment.

Markets are a wonderful universes for exploration and for play. The presence of micro contracts in various instruments and online trading mean that you experiment very cheaply.

The price of admission to the fun park is much lower than it used to be and the number of rides has gone through the roof. It is a shame that more traders don’t view trading as little more than a theme park where you can play to your heart’s content and during the process of playing you learn much more than you would if you were consumed by seriousness and desperation.


Author: Chris Tate

Article reproduced with kind permission of: http://tradinggame.com.au/


More trading quotes are below:

“To my way of thinking trading is an internal endeavour – there is no external enemy who you can deceive or overpower since markets only exist in the most ephemeral way inside your head. Markets may appear to be physical constructs but they are largely an illusion, trading occurs inside your head where your own perceptions and distortions of reality influence your decision making.” – Chris Tate

“The one thing you shouldn't feel pressured about is trading. If you do feel that way, you probably need to take a step back and reassess. Pressured trade(r)s don't make good trade(r)s.” – Joe Ross


www.tallinex.com wants you to be a successful trader

I do see trading as fun and games as it makes me feel better and positive about trading. I follow everything I need. Being positive provides me good amount of motivation and always helpful in making my trades better. I am currently trading with Forex4you which provides me with services like daily analysis and lowest cost based trading with lowest spreads so that I can trade more profitably. They are very honest with trading and provides me with better services.

No, forex is not games. It's risky. But many traders enjoy trading forex. Before we start trading, we need to learn first about forex trading. Open a forex demo account and practise trading risk-free. Develop your trading strategies and test the features of a trading platform before you place a real trade.

I won’t say Forex should be taken very seriously. But, it is obviously not fun especially if our investment is on the line. And to be fair, I don’t think there are many people who can take it lightly with their investment on the line. I always take it very seriously and due to broker like OctaFX, I am always well supported with stuff like 50% deposit bonus, cTrader platform where there are no issues over slippage, re quote or any such deals and keep me very comfortable.

I always trade with forex with a serious mind. In my career I never thought forex trading as a game. Because some traders of forex will be benefited and some will be failure failure it is quite natural. The person who will work hard will achieve success and otherwise will be failure one. I got Trade12 broker as the best guideline which is the companion of my well and woe. I have the active support from them for 24/7.

It's not a game but we also should enjoy it. Any result we will get , we must take the positive side. learn from experience to improve our trading skills. THat's I do with FXB

We mostly ignore using TP and SL just because we ignore the risk of Forex trading. We have to be more cautious than we are now. So, to protect your trading capital from such an accident, you should use stop loss at any cost. It’s a strategy always recommended by experts. Don’t take much trading risk because it will grab your trading capital. With Eurotrader broker, you can execute tp and sl in the right position.

In carrying out this forex trading, we must continue to have regular learning so that we can trade profitably when we enter a real account with the Freshforex broker later. As long as we want to try, of course it will make us able to trade profitably

If we want advanced trading facilities, we must select a good trading broker. However advanced trading facilities are needed for better trading. Whatever your trading type is, you can enjoy attractive trading facilities provided by Eurotrader broker. The broker allows all types of traders with a 111% deposit bonus.

Every broker will certainly provide the best facilities and services they have. As traders, we should take advantage of the facilities provided by the broker. This is done so that later traders can learn more deeply about forex and prepare everything so that trading can be much better with Tickmill broker. A good broker not only provides a trading platform, but also various educational resources and supports, such as webinars, e-books, and tutorials, which can help traders understand the market and develop the skills they need to be successful.