Affiliations and affirmations. Affirmations are psychology-based statements, thoughts, internal dialogues that help designate goals and provide a motivational stimulus. Affirmations are not just phrases, they are motivating attitudes, and the result depends on how correctly the statement is constructed. Affirmations and affiliations are not only related to trading, but apply to all life situations in general.
In this review I will talk about:. Humans are social beings. We like to work not only because we are paid for it or for our career growth. We also like it because we get to meet friends, see their smiles, exchange news, just relax and distract oneself from the mess.
Trading is a kind of freelancing, a type of employment where a person manages their own time and is responsible for their own decisions, as well as choose the place for their work. For professional traders, trading on financial markets is their main job, and their workplace is often at home. Home environment is relaxing - this is sometimes an advantage. But when a trader is part of a team, where they can always consult team members or just relax, this environment also has its advantages.
So what is better: collective or individual trading? The team of traders can be both heterogeneous novices and professionals and relatively homogenous in terms of skills and capabilities. The second type is more stable, provided that there is no conflict of interest within the team. This form of cooperation can pursue the following objectives:.
Collective trading disciplines and also performs a psychological function. The need to adhere to the schedule and the rules of the team keeps you in shape and supports healthy competition the desire to be better. Collective trading is tempting. Are you already thinking about becoming part of a trading team? Take your time to think it over, because there is another side to this coin. Teacher and students.
Team members are one trading guru and several newbies who want to make easy and quick money on Forex. They may not even be very interested in trading, but the though of easy money is too tempting. Nobody will accept novice traders to a professional team, so courses are the only chance for them to get into the trading environment.
Such a team can be described as:. It will all end in tears. A guru may pursue several goals: get paid for courses or promote a certain broker to students. As a result, the traders in the team get some kind of commercial product, which they will not be able to use, and those who try will lose money in the long run. Lucky few have a chance to get something useful, the rest will just lose time and money.
A group of professionals. This is a professional team, where each person has their own specialization: traders, marketers, testers, managers. Such a team may create new scripts and advisors, strategies, or this is an ideal management company team. This team has:. To get into such a team, a trader must have unique knowledge. It should be useful to the team, and the team should be somehow useful to the trader.
A successful combination of both factors is rare: professionals often work alone, and beginners find it difficult to prove their worth. Here we should mention the concept of prop trading. A team of active beginners. The team consisting of traders who already know the basics and decided to join forces. For example, they met at forums or specialized events maybe even at courses.
Such a team has:. Over time, the team will divide into leaders, middle and weak members. The weak will be an obedient herd without their own opinion, the leaders will try to impose their opinion, and the middle folks will simply realize this is not their kind of team and leave. From a financial point of view, the result is poor. The best case scenario will be the formation of the backbone of the team and the emergence of the sole leader. But will they have leadership qualities and will they be interested in having a team?
Friendly team. However, the problems remain the same:. Brief summary. New Book. Shipped from UK. Established seller since Seller Inventory LQ Book Description PF. Seller Inventory LSI Condition: NEW. Clean and crisp and new!.
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This is the only book that will give you real and practical techniques for getting out of your own way with trading Forex. This will give you the right. Affirmations are short, positive, statements helping to retrain your brain to eliminate negative thoughts and create positive change. They're. I Am a Successful Trader · I Respect and Follow My Trading Plan · I Embrace a Patient Approach · I Maintain a Trading Journal · I Believe in Myself.