Do You Think That Trading is Only for Business People

[Jack Francisco 10]

Most businessmen or people said many times that this job is related to business so only business students or people can understand and do this.

 

So, what you guys think, is it true?:haha:

[Savant 10]

The most important thing is iron discipline. And business people usually have that (or athlets, or some1 else) and therefore you can be more certain that business people will gain profits in forex. But it is not necessary...

[SIUYA 11]

it is often said that trading is a business.......but this does not mean that either good business people will succeed at it, or that it is any way a traditional business.

it has nothing to do with traditional businesses of sales, marketing, logistics, inventory, employees, health and safety, etc; etc.....

 

IMHO it means you should approach it as you would a business - have a plan, work out how you will make money, how you will fund accounts, deal with drawdowns and such.....how will you organise your day, pay your taxes, expand profits.....

 

but trading is not only for business people, i might even be that successful business people dont make good traders - the skills that helped in one area may be harmful in other areas.....who knows.

Why not just say, 'trading is only for loners/introverts/autistic savants/agressive passive personalities"

[Angelnish 10]

No forex is for every one for business man old and young peoples and for student and rich or poor every one can trade in the forex market there are not any restriction from the market. :missy:

[Obsidian 10]

not being under capitalized may be the only advantage they have...

[TheNegotiator 13]

Most businessmen or people said many times that this job is related to business so only business students or people can understand and do this.

 

So, what you guys think, is it true?:haha:

 

I think that there are certain skills which can help you to succeed in trading over the long run and being able to run a business is part of it in my mind. However, being good at trading and being good at running a business are not necessarily synonymous.

 

It's also worth pointing out that businessmen and running a business are not the same thing either. A businessman as I see it, is someone who is looking for opportunity here and there and to invest or speculate with their capital in the real world. This is quite different to trading. Someone who runs a business is someone who is looking after the day to day work of the company, making sure everything is running efficiently and well. Part of being a businessman might be identifying companies which do have a good business but aren't run well and buying them in order to take advantage of this. But the two things aren't the same.

 

Then there's the fact that not all business people are good at what they do (whether they are businessmen or run a business). Now not all businesses fail because of the lack of ability of their owners/operators however, it must be a factor in many cases and lots of businesses do fail (just like traders).

 

[Eddie Z 10]

Most businessmen or people said many times that this job is related to business so only business students or people can understand and do this.

 

So, what you guys think, is it true?:haha:

 

I totally disagree with that statement. Trading is not like any other job. The skills needed to master trading go beyond what they can teach at any Business School. Of course you will have to understand math but the most important thing a trader will need is the "discipline" to be able to follow the rules and the trading plan.

[straddle 10]

Dont quite understand the definition of a business person . Do you mean a man wearing a suit and a tie carrying a briefcase ??

 

In any case a trader must have among other things a good knowledge of the market , good knowledge of the products (stocks, bonds , fututres etc), knowledge of fundamental and technicl analysis and some years of experience .

 

Anyone with a newspaper a computer and a phone can trade but that doent make them traders .