The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Don braves gruff rebuffs

If you ask a trader to explain the emotional relationship he has with his positions, you will usually be met with a gruff rebuff.

But one brave academic, Nigel Nicholson, has carried out an extensive study based on a interviews with 120 traders in the City of London for a book that is scheduled for publication in October.

Speaking at the Euromoney Forex Forum last month, Nicholson, who is professor of organizational behaviour at the London Business School, offered some insights into the curious workings of a trader?s mind.

?I love my positions. I hate them. I live with them, sleep with them, eat them,? one trader said. This person seems to need a holiday.

Nicholson found that people who work in finance tend to be more moody than the general population. People with illusions of control over the markets they trade are bad traders, he notes. And although there are few women traders, they are generally better at the job than their male colleagues.

To seek to explain the odd behaviour of your staff and colleagues, read Traders: managing risks and decisions in financial markets. 

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree