Wednesday, January 19, 2011

What it takes to be a trader!!

Last nine months as an employee of a UK based trading firm, sitting in South India and trading on the Wall Street and European commodity exchanges have been life changing for me. For the very first time in my life, i was spending full time, professionally, trying to learn an 'art' that promises more money and adrenaline rush than any other employed position in the world. Trading is not a child's play but is an 'art' that can only be conquered by becoming a master of it.

For the very first time, I was thrown out of my comfort zone which always revolved around reasoning, analysis, computation and communication. Here was a world which enthralled me with the sheer amounts of money that was being juggled in and out. The volumes that are traded and the values they mount up to are astonishing.

If IQ is what is required to comprehend the movement and to predict the next move, it is tonnes of EQ that is required to make money even out of those successful predictions. Intra day trading is beyond doubt more of an Art than science. If playing with numbers is your forte, your attitude is risk loving, money motivates you and if you are not too much of a social person then trading is the right place for you.

to be continued...










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