FX COACHING
There are three key phases to adopting this solution focussed approach: 1. 2. 3.
Identify your strengths Utilise your strengths
Focus on, and build on your strengths
But what about my weaknesses I hear you ask? When tennis legend Steffi Graf was a junior she had a very strong forehand and a not so strong back hand. Te coaches had a decision to make – develop the backhand or develop her game to enable her to play to her natural strength – the forehand. The proviso was that the back hand had to be good enough that it did not become a weak link in her game. Over the years the coaches harnessed Graf ’s forehand into a phenomenal force which was assisted by playing to another of her strengths her extreme athletic ability which enabled her to ‘run around’ the shot to hit the forehand, and they developed a backhand that kept her in the game and wasn’t adversely ‘hurting’ her performance. What would had been the case had she worked and devoted time and effort to developing a good backhand at the expense of having the ‘killer’ forehand? We will never know, but without the legendary forehand she would have certainly have been a different player.
The same is true for your trading. Develop and play to your strengths first and foremost, then notice what happens, what is left over in terms of ‘weaknesses’ and then decide to what level they need to be developed , if at all, so that they are not ‘hurting you’.
IDENTIFYINg STRENgTHS
In my experience as a coach one of the most difficult questions for people to answer with sufficient depth seems to be ‘What are your strengths?’. This is even more interesting in comparison with the ease at which people can answer the question ‘What are your weaknesses?’. One of the reasons behind this is our biological conditioning and bias towards negativity as a survival mechanism, helping us to assess risk and worst case
24 FX TRADER MAGAZINE July - September 2011
scenarios, another maybe cultural conditioning where self-deprecation of our character is often seen as more acceptable than ‘blowing our own trumpet’. So how then can we effectively elicit our trading strengths? The answer lies in recent developments in
As a junior, Steffi graf had a very strong forehand and a not so strong backhand
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