Blimey Pipstream, I had not conceived that the geo-political situations across the EU, UK and US would have had such an individual impact..
Well, you
did ask!
Seeing as its the weekend, I'll expand on this issue some more. It is always good to reflect on why we are doing things and thanks for raising the issue!
I think the disillusion started to set in with the salvaging of Greece and the suspicions of "creative" accounting from many southern European nations. That was followed by the refugee crises and the reluctance of EU countries to find a joint and fair solution to it. Then the UK bails out. I am very pro Europe on all levels and love travelling around it. But if we are to have an EU and a Euro then Europe either has to integrate or disintegrate, and the latter is so negative!
Equally, the US used to be a fascinating and powerful nation, but when headlines become more concerned with the implications of small hands and petty, childish tweetings than one can only become totally distanced from it.
In fact on many levels I can't really understand what you're saying. To me these things are just numbers and price charts and candlesticks. I don't think of real people and societies when I look at forex pair price charts..
I understand that. It is good that we are all wired differently. But we all make our choices. First there is the choice of whether to trade or not. Many people I speak to have no conception of what trading is, and others have no interest in it whatsoever, and others are totally horrified at the thought of risking losing money in order to maybe make some.
Then we decide what to trade. Nobody trades everything, so how do we decide what to trade? I guess for most people the deciding factors are embedded in the criteria for trading in the first place: volatility, liquidity, tight spreads, etc. For many (most?) the
only objective is to make money. But I guess we all have to have at least some interest in the underlying commodity/product/security as well?
But, I have to appreciate what you're so open and honest to say. Which is to say, that if these things are really having such an impact on you, the most rational thing to do, the only rational thing to do, in response is indeed to get out until it all calms down..
I see trading as a skill which we then apply to a selected product or products. For example, a musician can play any kind of music but will always have a favourite that "speaks" to them personally. A person who enjoys playing live jazz in a club will not be so content as a session musician recording film theme music.
And a car restorer could rebuild almost any model but would always choose one that they felt a passion for.
I also need to feel the passion for my underlying market otherwise the charts are dry and meaningless. I do not trade fundamentals, I just trade what the majority is doing as revealed through my charts, but I want to also know
why they are doing it and feel inspired by it and learning and growing from it.
Perhaps nothing focuses the mind more on a topic than having an open financial exposure to it, and that is the kick in trading. But surely it is better that the topic is positive and inspiring than negative and depressing!
But, like I said, we are all different. I cannot think of anything less attractive or more boring than trading cryptocurrencies that are totally characterless, but others love them
There's no doubting the oil market will give an interesting ride thatis for sure. Good luck with it.
Thanks!
Yes, it is not one for the faint-hearted or trainee trader. Its potential is enormous and so are the risks. On the other hand, it is more logical and consistent and, in my opinion, TA friendly than many currency pairs.
