Whilst the sport itself may not be to everyone's taste
the fact is you cannot escape the heightened media coverage informing you about
the latest up and coming talent as well as the current 'big players' in the
game.
If you haven't had a chance to attend the championships
in London, UK you need not worry, as you can now get a real feel for the event
watching online, listening on the radio and of course viewing the coverage on
television; whichever media tickles your fancy,
just be prepared to listen to a series of 'oohs' ah's and the rapturous
applause, drowning the 'thwack' of the
tennis ball against the racquet. It is very exciting!!!
So, you may be thinking, how does Wimbledon or even
tennis have anything to do with financial trading?
Well you will be surprised to discover that there are some valuable lessons you can learn
from the annual Wimbledon championships and some of their sportsmen and
sportswomen, who not only have some exceptional qualities which are not often
highlighted, but as you read on you will see that many of their skills are akin
to those needed for financial traders.
(1) Learning the correct techniques
Just like the 'shot' and 'overhead smash' techniques
tennis players have to learn and develop for the game, fundamental and
technical analysis are two of the techniques which are important for financial
traders. The ability to analyse and interpret the market price and an
organisations predicted performance goes a long way in helping you improve your
decision making which is key to selecting those assets which will bring you a
tidy profit.
(2) Consistency
Tennis players undergo a rigorous training programme in
order to ensure that they are physically fit for the game. This not only takes
time, but also effort and consistency.
Before you consider undertaking financial trading you should analyse
your time and schedule, and ask yourself these fundamental questions 'Can I
really commit a block of time on a regular basis to learn the principles of
financial trading' & 'Am I committed to life-long learning'? If you are to work towards reaching the top
of the game in financial trading,
consistency will be required, not only at the outset but on a continued
basis.
(3) Mental Strength and Determination
This is an area which is often overlooked by financial
traders yet it is one of the most important characteristics needed on your
quest to success. Having mental strength includes, the ability to believe in
yourself and to be determined; try to develop a mindset of championing yourself
to the top. There will not always be someone on hand to celebrate your success,
so its good to self reflect about your progress to date (no matter how small)
and celebrate yourself. If you would
like some top tips for building your mental strength you can view the following
article
from Forbes
