The Expert Mind

The Expert Mind<o></o>
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Studies of the mental processes of chess grandmasters have revealed clues to how people become experts in other fields as well<o></o>

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By Philip E. Ross <o></o>

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A man walks along the inside of a circle of chess tables, glancing at each for two or three seconds before making his move. On the outer rim, dozens of amateurs sit pondering their replies until he completes the circuit. The year is 1909, the man is José Raúl Capablanca of <st1:country-region w:st="on"><st1lace w:st="on">Cuba</st1lace></st1:country-region>, and the result is a whitewash: 28 wins in as many games. The exhibition was part of a tour in which Capablanca won 168 games in a row. <o></o>

How did he play so well, so quickly? And how far ahead could he calculate under such constraints? "I see only one move ahead," Capablanca is said to have answered, "but it is always the correct one." <o></o>

He thus put in a nutshell what a century of psychological research has subsequently established: much of the chess master's advantage over the novice derives from the first few seconds of thought. This rapid, knowledge-guided perception, sometimes called apperception, can be seen in experts in other fields as well. Just as a master can recall all the moves in a game he has played, so can an accomplished musician often reconstruct the score to a sonata heard just once. And just as the chess master often finds the best move in a flash, an expert physician can sometimes make an accurate diagnosis within moments of laying eyes on a patient. <o></o>

http://www.sciam.com/article.cfm?cha...9E83414B7F4945

key points
1.key to achieving success in chess,classical music or forex etc.. motivation is a more important factor than innate ability
2.memory is a result of training weather you are a grandmaster or a forex expert
3.10 year rule states it takes approximatly a decate of heavy labor to master any field.

a.i say 1 hour to know some basics.
b.10 hours you have a pretty grasp of the basic .
c.100 hours you are a fairly expert .
d.1000 hours of experience and intense labor,you are an experienced expert.

4.what matter is not experince per se but "effortful study",which entails continually tackling challenges that lie just beyond one competence.
5.motivation is key factor, and success builds on success, an accomplishment can strengthen motivation.
6.in sum,apperception theory --pay a large role in expert mind --building up associations between different ideas and experience in the mind...

good day

Let's see...
d.1000 hours of experience and intense labor,you are an experienced expert.

10 hours / day... Nah forget that and let's just say 5 hours / day.

1000 / 5 = 200

Therefore 200 days [~ 1 Trading year] of experience and intense labour should make me an experienced expert?

I think you will find some people around here who have 10 to 20 fold that amount of exposure, intense labour & experience [myself included] that would not claim to be an expert. Pretty good? Maybe. Expert? I don't think so.
Doctors, for instance [this actually includes carpenters and the rest of the gamut], have to be continually upgrading their education on not only what works, but also what are todays current problems or risk being swept aside.

Whatever the number is, [I have no clue what it is but would be interested to know] there is a finite maximum combination of moves in the board game of chess. I do not believe such a number exists in these markets.

Self Confidence is a huge factor in this business and it is very encouraging to see that you apparently do not lack in that department. However, if you feel that you will be an expert in roughly a year, I feel you may be setting the bar [to quote Bob Uecker] "Just a little high."

I was going to point out the same thing, that a lot of experience in a field (e.g. computer programming), just makes it much easier to grasp new concepts that you have to learn.

[quote=Bemac]Let's see...
d.1000 hours of experience and intense labor,you are an experienced expert.

10 hours / day... Nah forget that and let's just say 5 hours / day.

1000 / 5 = 200

Therefore 200 days [~ 1 Trading year] of experience and intense labour should make me an experienced expert?

I think you will find some people around here who have 10 to 20 fold that amount of exposure, intense labour & experience [myself included] that would not claim to be an expert. Pretty good? Maybe. Expert? I don't think so.
Doctors, for instance [this actually includes carpenters and the rest of the gamut], have to be continually upgrading their education on not only what works, but also what are todays current problems or risk being swept aside.

Whatever the number is, [I have no clue what it is but would be interested to know] there is a finite maximum combination of moves in the board game of chess. I do not believe such a number exists in these markets.

Self Confidence is a huge factor in this business and it is very encouraging to see that you apparently do not lack in that department. However, if you feel that you will be an expert in roughly a year, I feel you may be setting the bar [to quote Bob Uecker] "Just a little high."[/QUOT

"You can become an expert in chess and I guess the forex markets pretty quickly if you have an expert by your side teaching and guideing you along the way. When I was playing chess I had International Masters, and National Masters teaching and coaching me and my game quickly had gotten stronger but I peaked at the expert level. Of course as in all things, talent plays a role also. Not to say that I was talented, but I think some people have a talent for trading and some do not, it's just harder for the other group. I remember Grandmaster Kotov in his book "Think like a Grandmaster" said something to the effect that the greatest masters came into there own at a very early age most before 21 years of age, he wanted to become a grandmaster and learned the game at fourteen years of age and it took him well into his forties to accomplish that title of Grandmaster. Ok back to tradingl"

10 years is just the time it takes for the earth to revolve around the sun 10 times, and nothing else. But, I agree that exprerience teahes you a lot, and of course...motivation makes you successful. I think having goals also helps. In forex, maybe something like a certain % return a year, or maybe just more +ve pips than -ve pips.

The reasons why I post this article is show (as far as I see it) and reinforces the general principles (often written about here @ the factory) to increase your forex potential.” Pretty good” vs. “ experts” (as they say “that’s only sematics),if a trader has maximized his forex potential by operating “well” under certain conditions and certain circumstance I’m guessing his an expert. The reason why the so called “expert”, whether a doctor, physicist or economist (all occupations associated with innate distinguished mental abilities) are not necessarily guarantee success in this business. Instead on the other things associated in this field (psychological factor, organized systematic approach and a countless number variable including those only come with experience or “exposure).when a person knows a number of things, and understands how they are categorized and systematically interrelates, then that individual has a great advantage over one who has the same or more knowledge without such distinction. If a forex novice (like me) wishes to understand and max his potential, it’s important to be aware of other things associated with it.

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Regards