I’m going to discuss trading in groups and why this can be beneficial for your journey when trading Forex. Trading in a group setting can benefit you in many ways by having other people around that are going through the same Forex process journey as you are, because not only can it be comforting because they know how you are feeling, it also just feels good to know you’re not alone in times of distress.
As a individual going through the journey of becoming a successful trader, you need to embody your own trading “persona” I should say. I say persona because when you take the plunge and decide to be a successful trader, you need to change certain character traits of yourself in order to be successful. Some people are visual learners, some people learn by actively doing the task themselves, and some people learn by reading all the information they can about the task.
Networking in a foreign industry is very important. We tend to gravitate towards other people especially when we are in uncomfortable situations, we seem to seek comfort from others. When dealing with something foreign, something that's unknown and new to us, it makes perfect sense to lean on others that are going through the same thing. The world of Forex has been opened up to complete beginners and most new traders enter the market with very little understanding of all the challenges they will face, which can bring a lot of overwhelming anxiety at times.