Forex

Private traders usually come to the market after a successful career in business
or in the professions. An average private futures trader in the United
States is a 50-year-old, married, college-educated man. Many futures traders
own their own businesses, and many have postgraduate degrees. The two
largest occupational groups among futures traders are farmers and engineers.
Most people trade for partly rational, partly irrational reasons. Rational
reasons include the desire to earn a large return on capital. Irrational reasons
include gambling and a search for excitement. Most traders are not aware of
their irrational motives.
Learning to trade takes hard work, time, energy, and money. Few individuals
rise to the level of professionals who can support themselves by trading.
Professionals are extremely serious about what they do. They satisfy their
irrational goals outside the markets, while amateurs act them out in the marketplace.
The major economic role of a trader is to support his broker - to help him
pay his mortgage and keep his children in private schools. In addition, the
role of a speculator is to help companies raise capital in the stock market and
to assume a price risk in the commodities markets, allowing producers to
focus on production. These lofty economic goals are far from a speculator's
mind when he gives an order to his broker.