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Michael Owen: Five Tips for Great Sportsmen and Traders

Just a week ago we told you about the wonderful campaign Celebrity Trader by top UK Forex broker City Index and tried to guess who will be the next renowned public figure to try to get their best at trading and raise some cash for charity causes. An exciting piece of news is that the Celebrity Trader for this month is (drums, please) Michael Owen, the famous football player who is also known for his passion for horses. 

 
While making his way through the field of online trading, helped by City Index experts, of course, Michael Owen decided to share his insights into the things that sportsmen can learn from traders and vice versa. And here are his top five tips on what makes a great footballer and a trader.
 
1. Discipline.
 
Many people are good at different fields but they can actually succeed if they apply discipline in their efforts and show some work ethic.
 
2. Work under Pressure.
 
The key to success is the ability to remain calm under pressure. In football, the case is often that the bigger the game, the bigger the need to focus. Successful businessmen and football players are those that make great decisions even under high pressure.
 
3. Determination.
 
There will always be obstacles but smart people know how to overcome those and find a way around. Regardless of the problems, the successful sportsmen don't give up: they want to be the best  and have the necessary determination to get what they want.
 
4. Strategy.
 
It's important to have a strategy. In football, the players have to know who they are playing against, how to beat them and how to implement that strategy. The same goes for trading.
 
5. Learning from Mistakes.
 
The ability to learn from past mistakes is crucial. One needs to analyze past mistakes, see where he went wrong and try to beat that in the future. At the same time, one should analyze his strong sides too and learn to improve them and build on them. That's what Michael did – he has a lot of speed as a footballer and has sought to make use of this.
 
 
 You can watch a video about the tips on this page
 
 
 
To see whether Michael Owen manages to stay true to his own words and to be a successful trader, keep up with his trades here. He is raising money for three charities close to his heart: Alder Hey Children’s Hospital in Liverpool, Manchester Royal Eye Hospital and Prostate Cancer UK. At this point, his trading is profitable and we hope that he succeeds in his endeavours. 
 
 
 
 

About City Index

 
City Index is a leading provider of spread betting, CFD and Forex trading, regulated by the Financial Conduct Authority (FCA) in the UK. After being established in 1983, the company has grown and now employes more than 400 people worldwide in offices not only in the UK, but also in Poland, Singapore, China, Israel and Australia. The company offers its proprietary trading platform Advantage, which comes in a downloadable, web-based version and as an app for mobile devices. MT4 is also in the lineup. With a single trading account you get access to all of the platforms.
TAGS: michael owen  city index  city index forex broker  forex trading  uk forex broker  football  soccer  forex trader  trading tips  celebrity trader  charity  tips  advice  online trading  football player 

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