I came across this article a while back in Forbes, “The Power of Personal Passion.” It is a list of lessons for the Entrepreneur. In short, 1) Do Something You Love, 2) Don’t be Afraid to Show it, 3) Hire for Passion and Curiosity and 4) The Power of Story (namely yours). It’s a good article and I agree with the general premise. It got me thinking about how that same entrepreneurial passion applies to trading Foreign Exchange and while there are some nuanced difference the basic idea still applies.
You need to LOVE trading. Period.
Most people come to Forex as a means to an end (make money). The people who keep coming back to Forex are after something else…maybe even a fulfillment of some kind. The people who become profitable with Forex enjoy the process and are grateful for ALL the lessons learned and insights gained, not just those directly related to trading.
I had my own fits and starts with Forex. To be honest, I’ve never known a successful trader who hasn’t. But every time I came back to it I learned something new. I was (am) being fulfilled by Forex in a way that the mundane routine of my life cannot. I’m constantly challenged. I’m continually surprised. I’m always learning. I compete with myself and drive myself through Forex in a way that nothing else has ever done for me. I love patterns and the regularity of Fibs. I’m in awe at how the markets reflect the best and worst of human behavior – especially en masse.
Simply put…I have reason, other than money, to keep coming back. After a winning streak and after a losing streak I want to be trading. I feel good when I’m putting my capital to work for me. I feel even better when I’ve learned a larger life lesson from my own experience through trading. And I feel honored and privileged that I get to work with other traders, students and teachers alike, from around the world.
I’m not saying that you can’t be good at what you do if you don’t love it, but I do believe that it is a heck of a lot easier if you do have a passion for it.
What do you believe? What keeps you coming back?
You need to LOVE trading. Period.
Most people come to Forex as a means to an end (make money). The people who keep coming back to Forex are after something else…maybe even a fulfillment of some kind. The people who become profitable with Forex enjoy the process and are grateful for ALL the lessons learned and insights gained, not just those directly related to trading.
I had my own fits and starts with Forex. To be honest, I’ve never known a successful trader who hasn’t. But every time I came back to it I learned something new. I was (am) being fulfilled by Forex in a way that the mundane routine of my life cannot. I’m constantly challenged. I’m continually surprised. I’m always learning. I compete with myself and drive myself through Forex in a way that nothing else has ever done for me. I love patterns and the regularity of Fibs. I’m in awe at how the markets reflect the best and worst of human behavior – especially en masse.
Simply put…I have reason, other than money, to keep coming back. After a winning streak and after a losing streak I want to be trading. I feel good when I’m putting my capital to work for me. I feel even better when I’ve learned a larger life lesson from my own experience through trading. And I feel honored and privileged that I get to work with other traders, students and teachers alike, from around the world.
I’m not saying that you can’t be good at what you do if you don’t love it, but I do believe that it is a heck of a lot easier if you do have a passion for it.
What do you believe? What keeps you coming back?
