A Single Man Army in Forex Trading

Why Forex trading is a one man business?

By Ronald Fallas Bermúdez (@davefbtrader)

Nowadays after many lessons i´ve learned many things about trading, you never stop of learning not only from the charts but the money management, the analysis of your emotional state and may other things, this times i think that been a trader has two difficulty levels, having what you need to trade is much easier i mean of an account, computer, Internet connection, information, books, professional indicators, but the thing is that been a trader perse is not quiet simple and i consider that is harder than a few years ago, now the information is so much that we cannot focus in one single technique, indicator, system at time, you see traders with 8 or more indicators in their charts, 4 or more screens, smart phone with many information but the thing is that is much more that what we can process at a single time, we must know that older traders started calculating fibos, stochs and many other by hand and drawing the results in paper or observing the market through a 12´´ CRT screen and they made money, now what we must think is that this days we have so much and we do so less that we can get live charts and indicators a click of distance and its amazing how easy is but how much difficult is making money these days.

One of the things that brought me to forex trading was my ego, i´m a good team worker but if i ever start a project that involves a self employee and starting a business i didn´t want to work in a team, i just wanted to be me and no one else.

That means for me that if i made a mistake no one would be involved, if i was successful no one would ask me to share the credit because people used to celebrate your success but never celebrate fails, i didn´t want to deal with nobody, so i started by myself and i´m still alone in this business because that make feel safer and i can trust that nobody will go against my analysis.

As a one man army i recommend you to trade this way, at least during the time that you´ll be growing up as a trader, then eventually you can find a mentor or contrary you can teach someone or trade with other people´s money, but i always think that trading is a single man business, at the end of the day you should decide how are you going to trade and who are you going to deal with.

Basically Forex Currency trading is one man business because it nature of the way of understanding the charts that change in multiple ways depending of the person, you cannot pretend to trade in the way that a friend of yours trade because you´re going to find many aspects of his trading that goes against your trading ideals, every mind is a world and we all see the charts in many different ways that we will never be agree in our predictions. My advice, learn all the good things from the other traders but always try to maintain your principles because that is what make you be a single trader, if you go with the collectivity you maybe be part of these that think they can handle the market, be smart and go against the ignorants and in favour of professionals but keeping always your trading principles.

A good friend of mine told me one time that if you find a forex guru, he probably tell you his point of view and he´s 100% secure that his ideals are the right ones, maybe he will be right, maybe not, but that doesn´t make him immortal in the markets, that is why they reign the market for a couple of months or years but one day or another their system fails and they disappears as well as their fame.