Unlike traditional trades, as attorneys, doctors or financiers, traders are often characterized simply as the fans, trying to earn some extra dollars from the market. The majority of people think that any person is capable at it if he has time, money and a strong stomach. Habitually to hear, how the acquaintance speaks: “Trading. I always wished to try”, but you seldom will hear a phrase: “Neurosurgery. I am going to try somehow”.
The traditional investment community does not give to traders more respect. Many brokers take their money for the commission with pleasure, but actually many see traders, as reckless players or misinformed fans. And managers of co-op share funds are annoyed that many people do not see distinctions between the traders accepting unjustified risks in attempts to profit from short-term volatility, and them. The general public sees traders, as precipitate, violent and overwhelmed with greed more often. Some masters of trading hasten to object: “Traders do the important work – they ensure liquidity”. All these assertions are somewhat true. Traders are not similar to representatives of traditional trades. You cannot become the main things on short-term trade in a business school, for example. Traders are the players accepting risks whom the majority would regard, as impossible. Many come to trading because they are interested in money a little more than, say, the minister or the social worker. And in their understanding, traders help to regulate consumer costs, ensuring liquidity. But, in the end, anything from this actually does not matter. You will see that skilled traders are not interested in such philosophical problems. They do not care that someone thinks or as the company evaluates their role or function. They like to trade. It is passion and strong requirement, so strong, as any calling, which forces each to choose any trade. They really do not care what someone thinks. All question what they think. They know what to do with the time and energy, and it is everything that they need.
Why do we so thoroughly consider, what other people think? In the corporate world or at work in any big establishment, comparison with others is paramount. You should support the reputation. If people name you “hothead”, “intriguer”, or “double-faced”, it will affect your official position and possibility to climb the career ladder. So that, on preservation of your reputation depends survivals. But traders work on themselves and are accountable only to themselves. Tracing that others think and reputation maintenance is excessive. As the trader, you should refuse such social comparisons and attempts to protect the reputation. The best traders are true individualists. They look in themselves to decide, what to do. They do not care that other people think of them. They would be traders in any case even if would weigh the world unanimously has agreed that trading – most unworthy of trades.
Really, the majority of people do not consider work of the trader so noble, as other trades. Allow them to think how it is pleasant to them. You do not change public opinion. Instead of anxiety that others think, it is better to look inside. You are going to spend for nothing precious mental energy, worrying about legitimacy of trading or that will think of you if you select such career. Save the energy for trade. Transfer energy to that you really wish to do. Trade and rejoice that have found the true calling.
Before you make up your mind to make a forex investment or start forex trading yourself, better find a nice forex book and learn more about forex market – this will save you from lots of troubles and traps.