Altruistic traders - why?

[Jakew]

	Quote:	BlowFish
	I guess I am a terrible cynic but I think the reason anyone does anything is essentially selfish. There is nothing wrong with being selfish imo. Put another way people do things for others because it makes them feel good. Or as has been said they hope to learn something through the exchange (self interest). Or they just want to 'show off' (look at me aren't I clever). I think even when we do things for our children or loved ones it is because when they feel good we feel good (so a selfish action even if for another). Even when we do things out of a sense of responsibility or guilt it is to assuage feelings within ourselves. btw Isn't a speculator simply someone that assumes risk for a potential reward. Not quite sure how that fits in (yet). Personally I always wanted to be hugely succesful at trading (10's or even 100's of millions). Apart from satisfying my Ego I'd really like to make a big difference in the world (money affords that opportunity). The reason? to make me feel good. (Who wouldn't feel good about improving society?) Personally I see no conflict between altruism and selfishness.

True, most likely. In any case, we need more of those "egoistic altruists" rather than "egoistic egoists" in our world. It is beautiful when people derive satisfaction form helping rather than hindering. Along these lines - who like stoics draw satisfaction from behaving like their noble code they embraced dictates them, with no regard of the outcome (of the trade, one might say)

[Warren Forex]

	Quote:	walterw
	A basic tenet of Technical Analisis is that it discounts Fundamental analisis... NOw If you have enogh level of preparation on fundamental analisis I believe you may have some edge on a only technical analist... the problem is learning fundamentals... there is no so much information on the non-formal study resources.... I would really apreciatte Warren if you start a thread on fundamentals, it would be very nce to know something about this, would really aprecciate... cheers Walter.

Dear Walter W or anyone else reading my reply. If there is enough interest I will start and continue to post in such a FUNDAMENTAL THREAD.

Please let me know.

[mister ed]

	Quote:	Warren Forex
	Dear Walter W or anyone else reading my reply. If there is enough interest I will start and continue to post in such a FUNDAMENTAL THREAD. Please let me know.

Hi Warren - would it be a thread on FX fundamentals?

[Warren Forex]

It Would be on the Fundamental Knowledge of the FX markets needed to be a winning FX trader. Trading by TA alone just does not work.

[mister ed]

	Quote:	Warren Forex
	It Would be on the Fundamental Knowledge of the FX markets needed to be a winning FX trader. Trading by TA alone just does not work.

Thanks Warren - My bias is technicals but I think a lot of value can be added to FX trading by even just a basic knowledge of the fundamentals ... so, yes, good idea!

[wsam29]

I always say "Practice what you preach."