Yes, it's Friday and time for a break! Be charge up once again. Let this mind movie brings you closer to your heart desire in attracting what is rightfully yours - Good health, abundance of money, great time with your love ones, desire home etc. Dance to the beat and feel the energy strike your inner self. You might still in the learning curve in mastering Forex market. When you put your heart, mind and soul you will stand up strong and be a successful Forex trader in due season if you faint not.
Showing posts with label 2. Mind. Show all posts
Showing posts with label 2. Mind. Show all posts
Friday, July 31, 2009
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Wednesday, July 8, 2009
Thursday, April 2, 2009
The reality of forex trading
In reality, only 10% of all traders are successful and 90% of the traders who attempt to become a successful forex trader fail.
3 simple rule :
Knowledge = Income
Lack of knowledge = Lack of Income
Correct applications of knowledge = Financial Freedom
Many people source forex trading knowledge through means of books, free e-books, free e-course, forum etc freely available through the internet etc. Sure almost 90% did go for free stuff. Some even paid heavy monetary lessons to the forex market thinking they can learn through their own trading experience. Most or 90% of them went broke.
To really master forex trading you need a very good mentor. Someone, on the trading floor with years of experience. Most might come at a price. But it's really worth as your winning can cover the course. There are some very good mentors that charges for a small fraction of price. But beware, ask for verification as nowadays more and more self claim gurus without real experience and track records evolved!
Yes, you still need to learn through means of books to update and learn from good traders experience. It's a continuous educations.
Benjamin Franklin once said :"If you think education is expensive, try ignorance."
3 simple rule :
Knowledge = Income
Lack of knowledge = Lack of Income
Correct applications of knowledge = Financial Freedom
Many people source forex trading knowledge through means of books, free e-books, free e-course, forum etc freely available through the internet etc. Sure almost 90% did go for free stuff. Some even paid heavy monetary lessons to the forex market thinking they can learn through their own trading experience. Most or 90% of them went broke.
To really master forex trading you need a very good mentor. Someone, on the trading floor with years of experience. Most might come at a price. But it's really worth as your winning can cover the course. There are some very good mentors that charges for a small fraction of price. But beware, ask for verification as nowadays more and more self claim gurus without real experience and track records evolved!
Yes, you still need to learn through means of books to update and learn from good traders experience. It's a continuous educations.
Benjamin Franklin once said :"If you think education is expensive, try ignorance."
I: Tuesday, March 24, 2009
Unsuccessful trader behaviour
Thousands of books and hundreds of seminars relating to investing and wealth creations have flourished throughout the years by successful people. One thing for sure is that successful people will do what unsuccessful people won't or can't do!
Let's look at what an unsuccessful trader does. Once remove the root of the problem, big fruits will grows continuously.
Unsuccessful trader hunt for success in any field or any walk of life. They are like rainbow chasers. They are filled with anger, envy, jealously, greed, arrogance, self-pity, resentment, destructive ego etc. Very seldom do they take responsibility for their outcome and look inside themselves to discover why they have failed.
They go from one business opportunity to another, never achieving their end result, and are clearly locked into self-destructive habits. They repeat their bad habits, ever chasing their rainbows, fail at just about everything they do. Many traders who fail will blame the market or just about anything but themselves. Believe it or not, this is how history repeats itself in their lives. Be it in relationships, work, friends, family etc.
Many new traders underestimate the importance of preparation for success.That is the main reason they get locked into poverty and mediocrity. When fighting in a battlefield unprepared and unprotected their focus turns from the cause they were fighting for to survival and self preservation.
To survive and win in the forex market you need to know who you really are. You need to understand yourself because the market tends to be self-fulfilling. The law of attractions will always give what you are looking for, whether it be good or bad. http://tinyurl.com/cfvy65
Let's look at what an unsuccessful trader does. Once remove the root of the problem, big fruits will grows continuously.
Unsuccessful trader hunt for success in any field or any walk of life. They are like rainbow chasers. They are filled with anger, envy, jealously, greed, arrogance, self-pity, resentment, destructive ego etc. Very seldom do they take responsibility for their outcome and look inside themselves to discover why they have failed.
They go from one business opportunity to another, never achieving their end result, and are clearly locked into self-destructive habits. They repeat their bad habits, ever chasing their rainbows, fail at just about everything they do. Many traders who fail will blame the market or just about anything but themselves. Believe it or not, this is how history repeats itself in their lives. Be it in relationships, work, friends, family etc.
Many new traders underestimate the importance of preparation for success.That is the main reason they get locked into poverty and mediocrity. When fighting in a battlefield unprepared and unprotected their focus turns from the cause they were fighting for to survival and self preservation.
To survive and win in the forex market you need to know who you really are. You need to understand yourself because the market tends to be self-fulfilling. The law of attractions will always give what you are looking for, whether it be good or bad. http://tinyurl.com/cfvy65
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