FX Trading Buddies
Here’s a wonderful piece by George about the merits of building your own network of Trader buddies, something I fully endorse.
One of the reasons I started the London Traders Network was to allow the chance for private traders to mix with like-minded souls and build strong buddy-buddy networks. The military works on the ‘buddy-buddy’ networks system to make sure the entire team works well. Now admittedly in private trading you’re on your own, but it still helps to have a good buddy to help ensure you don’t make/repeat silly mistakes and to cover your blind spots.
Furthermore private trading is a lonesome endeavour so its good to get out from behind the screens and mix with your fellow traders. We are after all social animals, and even the most committed shy introvert needs to speak to someone now and then. Also no one really understands your journey quite like another trader does. They understand the bad days and the good days far better than anyone else.
I thoroughly enjoyed meeting my trader buddies and getting the chance to socialise and learn from each other. We used to meet every two weeks for a session of trader chat, sharing tales and experiences and helping develop each other. They were immensely useful and enjoyable sessions.