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There are lot of similarities between sports and Trading. In this article I am will talk about various sports persons, who are legend in their respective careers. A legend is not merely determined by ascent to the peak of their chosen trade but by their tenacity and enthusiasm of same level of superlative performance to stay at the peak despite various challengers over long term.
Sounds familiar to a trader, I bet it does. How many of us have many outbursts of best performances followed by major losing streaks. We all know if we can allow us to trade at our best let’s say 10 years and be consistent performers, we can be legendary traders. There is one aspect sports persons area of expertise is ‘Sports Psychology’. And I will try to analyze those aspects in this article.
So let’s began with the legends.
1. Michael Schumacher

The name needs no introduction, Michael Schumacher is one such extraordinary legend, who reigns in the privileged extremely competitive and alluring world of Formula One (F1) auto racing. He has broken the most world records for most wins and most championship points in F1. Schumacher holds the records for most world championship titles(7), The most Grand P…
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AnnaZhurina avatar

Good job!

hrustiashka avatar

Very good article

fx211pips avatar
fx211pips 20 July

well done, very interesting article

kettle avatar
kettle 20 July

very interesting article, thanks !!!

Mepcuk avatar
Mepcuk 17 Aug.

Great

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43/65
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A typical conversation with a ‚Wannabee’ pro trader goes like this:
Me: Soooo, what’re you doing?
Wannabee: I’m gambling on forex ????
Hahaha… no.
This statement is apparently innocent and most Wannabees tell it as some sort of a joke, but the truth is – it’s a dangerous one. Do you know why? Because it shapes your actions. Yes, the way you think and talk about yourself shapes your actions.Have you ever talked to a professional trader? If you ask one what does he do on forex, he will tell you:I’m making money.Notice the difference? He is totally aware of the risk and he knows he’s gonna lose some money in the process, but, he still states that he earns money. You will never hear him calling himself a loser.There’s a reason to why professional traders make money on Forex – experience, good trading methodology, good risk management etc, etc. But there’s also one factor that usually slips away unnoticed.
Have you ever talked to a professional trader? If you ask one what does he do on forex, he will tell you:
I’m making money.
Notice the difference? He is totally aware of the risk and he knows he’s gonna lose some money in the process, but, he still states that he earns money. You will…
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gargantua avatar
gargantua 21 Apr.

very interesting

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41/94
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    - WHAT DOES FREEDOM MEAN FOR YOU?     - WHAT DOES SUCCESS MEAN TO YOU?     - WHAT DOES FAILURE MEAN TO YOU? Are Traders PROGRAMMED TO FAIL?... I wrote this article not as much about FAILING as it is about Your Successful Mentality of Gaining Financial FREEDOM...     I've noticed most people never think of FREEDOM.     Most people have an illusion of their Success because they never think beyond what they were thought from their Family, School Education, Society, Mass-Media, Work Environement, Life Experience... etc.     Most People don't realise that what they consider as "their SUCCESS" could be more often "THEIR BIGGEST LIFE FAILURE".     I SAY: NEVER SETTLE FOR LESS THAN WHAT YOU ARE ABLE TO OBTAIN.. AT ANY TIME... BEYOND TIME     You can win as much as Your GOALS try to obtain. If you run for Failure, Your will get it.    If PROS TRADERS, that have been trading FULL TIME for more than 5 YEARS.. are not yet financially FREE... From my perspective you can consider that all their experience could be a dis-advantage instead of an advantage... although most New Traders lose more money...     Could They Have "trained" themselves (or let themselves trai…
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