Why psychiatrists are better traders than economists?
You all must have noted something about FOREX market and the thing about which I am talking about is that many of the millionaire traders like, Elder, Williams and some others are in fact psychiatrists by their profession. And if you are thinking that it’s a mere coincidence then you should go and see the trading records and you will find out that it is not accidental that not the economists are the leaders and most successful traders, but the real successful leaders of this kind of trading market is professional psychiatrists and psychotherapists.
Now just think about this aspect. You will surely become a really very successful trader if you will be able to understand that why it all happens with FOREX. After reading this whole article, I am very much sure that you will get to know what your FOREX mistakes are, and why you are repeatedly making them.
And if you possess that caliber to correct these mistakes then you will definitely become a kind of trader who would be having no psychological barriers and obstacles on his or her way towards the destiny of better earnings in the FOREX market.
So, now the question that arises here is that why these professional psychiatrists make better traders than economists do? This fact is actually little bit hard to swallow it down as most of the people would think this only, that economists are the ones who have the FOREX market at their finger tips.
The reason behind this fact is that most of the economists are confused by some of the things:
— The hard core fact about this market of trading is that the rates of exchange are not always directly related to the prevailing economic circumstances in that particular country. Well, now you tell me have you ever seen any economist who would be bidding for really very low FOREX rates at that time when the economic situation of that particular country is getting better and better? Or the one economist who admits or accepts the fact that technical analysis of a particular pair of currency is much more important for FOREX trading than the fundamental ones?
— Any economist who is really very confident that this can never happen because he or she are the kind of person who are well aided with the knowledge of all the economic dogmas. But all this happens only in the field of FOREX trading. After all, its very well right that how can a trader lose with the pair of currencies which is moving up and down by the rules of economic world? The currency that you have chosen will surely be reacting to the economic changes that are taking place in the country, but who knows when it’s going to happen and how it’s going to happen?
