Have you ever told yourself there’s never enough time in the day? I think we’ve all thought that to ourselves at one point, but if you’re not willing to shift your priorities to make time for trading, then forget about becoming a trader.
Sorry to put it so bluntly, but contrary to popular belief, trading is not a hobby.
Trading is not a hobby.
Trading is not a hobby unless you want to lose money.
Golf is my hobby. I pay to play golf. Golf is Tiger Wood’s business. Tiger Woods is paid to play golf.
See the difference?
Trading is a business
You have to devote yourself to trading just like you would with any other business in order to be successful.
So, it’s time (pun intended) to ask yourself this: “Can I balance my time and change my lifestyle to make room for trading?”
I’d better hear a resounding “YES!”
But before you can even truly answer that question, you need to first figure out what your daily priorities are and determine whether or not you can make trading THE number one priority.
A good way to find this out for yourself is to list your daily activities, and then prioritize them. If your daily priorities take up all of your time, then forget about trading.
So, take a moment to figure out what is going on in your life because it’s very important to balance your time and priorities, not just to become a successful trader, but also to live a content, meaningful life. We all want to be wildly profitable, and initially we may drop everything else to get there, but in the end an unbalanced life will lead to personal and/or professional failure.
Tuesday, June 24, 2008
the IMPORTANT thing... ...time...
at
15:10
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the way for LAZY's forex trader to profit
HA! Made you click!
If you really thought there actually was a way for a lazy forex trader to get rich, SHAME ON YOU!
No such thing exists. The word "lazy" and "trader" is an oxymoron. You have to be willing to pay the price to become a trader.
Which brings us to our next lesson....
So, you’ve gone through the School of Pipsology…five times, learned basic analysis and money management techniques, and maybe even opened up a demo account and started trading a plan you’ve created. (You do have a trading plan right?) Now you can sit back and relax because it’s easy money from here on out, right?
Wrong!
You’ve just taken the first step.
You’ve only familiarized yourself with the very basic fundamentals of what it takes to become a professional trader. Now it’s time to get on to the real work.
I’m sure you’re now thinking, “There’s more to learn?!”
Well, my friend, the learning never ends.
As with any profession, whether you’re a doctor, lawyer, athlete, assassin, spy, ninja, ultimate fighter, musician or any other occupation that requires a high level of skill, you can never stop learning and practicing. Otherwise, your skills will deteriorate and you’ll slowly forget what you’ve learned.
For those willing to take the challenge and follow through, professional trading can be a worthwhile goal. But before you dive too deep into forex trading, dip your toe or get your feet wet in the shallow end first, and become familiar with the water. As you get more comfortable, make your way slowly to the deeper end. Take your time.
Be honest with yourself.
Be ready to sacrifice your time and money.
Never stop learning and, most importantly, never quit.
Winners never quit and quitters never win.
The price of becoming top trader is extremely high, but certainly worth it.
at
15:04
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Monday, June 23, 2008
...the WORLD'S LARGEST MARKET...
The world has turned a global village, which has afforded too many opportunity to its occupants, which extends to employment opportunities and other financial upliftments too numerous to mention. "If your government cannot meet your employment needs, or even provide for you why not sit inside your bedroom and earn for yourself". Anyway, i dont need to be told that this sound so odd to the hearing of many, because i have been opportuned to meet people from different parts of the world through my computer and see they lack this golden ideas; but for those who knows about it bears me witness and even you that are yet to know about this be my witness. I am overwhelm with lots of joy to bringing this to those who have been blind-folded by physical transactions. Do you know you can make $1.1 billion dollar and more in just one day, like Gorge Soros, who i call a FINANCIAL ACTIVIST. Anyway dont get too mad with that figure, i just mentioned. If you cannot get $1.1 billion dollar like that financial activist, believe me you can get $50 or more in one day. Well, we should base our discussion up something. Get involve in the WORLD'S LARGEST MARKET, trading forex.
at
13:35
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