Are Accountants Good Traders? | Forex Factory

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Are Accountants Good Traders?

  • #1
  • First Post: Oct 21, 2014 2:46am Oct 21, 2014 2:46am
I have heard people say that accountants are good traders. After thinking about why people say this I decided to do some research on my own and came to the following conclusion. Trading is a vocation where attention to detail is needed. Simple trading rules must be followed. And same method/system is to be applied repeatedly to ensure consistent profitability.

Since accountants are looking at details, following rules, and doing repetitive tasks I believe that accountants have potential to be good traders.

Your views on the above is appreciated.
  • #2
  • Oct 21, 2014 4:12am Oct 21, 2014 4:12am
not any better then a truck driver, a cashier, a baker...
all above has simple rules to follow, and do that repeatedly and consistently.

in my opinion a good trader is who can detach himself/herself from the emotions of trading money, especially when his/her own money.
there is always, always another trade!!
  • #3
  • Oct 21, 2014 9:05pm Oct 21, 2014 9:05pm
Quoting candlesticks
I have heard people say that accountants are good traders.
Hmm.. could you tell us where exactly or from whom did you hear this?

Quoting candlesticks
Trading is a vocation where attention to detail is needed. Simple trading rules must be followed. And same method/system is to be applied repeatedly to ensure consistent profitability. Since accountants are looking at details, following rules, and doing repetitive tasks I believe that accountants have potential to be good traders. Your views on the above is appreciated.
My two cents (from observing accountant-types and auditors in the organizations I worked in):

Accountants collate, analyze, and make reports on, other people's data. They don't have "skin in the game". They're in the same category as "analysts" i.e. they will usually be useless at trading.

I would tend to agree with profitfarmer with a slight variation e.g. that a baker would probably be a better trader than an accountant for no reason other than the fact that a baker has more "skin in the game" than an accountant does i.e. a baker is more committed to put out a good product. An accountant produces nothing useful to himself.

Noted, there will probably be accountants among us coming out of the woodwork to dispute my statements above.

No worries, guys. Read my sig below.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #4
  • Last Post: Oct 22, 2014 3:03am Oct 22, 2014 3:03am
Quoting candlesticks
I have heard people say that accountants are good traders. After thinking about why people say this I decided to do some research on my own and came to the following conclusion. Trading is a vocation where attention to detail is needed. Simple trading rules must be followed. And same method/system is to be applied repeatedly to ensure consistent profitability. Since accountants are looking at details, following rules, and doing repetitive tasks I believe that accountants have potential to be good traders. Your views on the above is appreciated.
I don`t think every Accountants Good Traders. In my view`s if anyone want to be a good trader then he/she must have this:

Forgetting academic qualifications, any one who is patient, calculating and willing to learn from mistakes can be a successful trader. Markets have a way of following patterns; if you take the time to watch markets up close for a long period of time, your odds of success will increase dramatically.

Who agree with me? if you are not agree with this then share your opinion.....Very much looking forward to hearing from you

Thanks
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