|
|
|
|
|
|
|
|
|
|
|
Motivational guru Tony Robbins teaches that the reason for doing something rates much higher than the methods you use to get the job done. In order to make your goal REAL, you need to attach severe, horrifying, intense and profound fear to failure.
Open up a notepad either on a desk or on your computer in a quite place and write a 50-page letter to yourself surrounding this question:
-- What is going to happen to me 20 years from now if I do not learn the successful skills I need to know in order to become a brilliant or the best on line trader?
Write your answers in detailed pictured thoughts. I have found that writing in length brings out the hidden agenda into realms of things that are too painful to face. This pain aids you to move into a different direction.
Now do the same exercise for this question:
-- Ask yourself ? Why do you want to become the best trader online?
-- What kind of trader do I want to become? Good proposal examples: online stock trader, online forex trader etc.
-- What trader market research would I like to pursue? The most popular illustrations: online daytrader, online swing trader etc.
-- What systems would I like to learn as a trader? A good example might be as an online fibonacci trader.
See, if you have a strong enough WHY that answers the following questions pertaining to trading ? then you will find a way, no matter how difficult the pain, to get the job done. Here are some ideas for your 50-page letter.
-- Do you want to create a stream of passive income?
-- Do you want to create a sense of security for yourself about where your next check will come from?
-- Do you want to earn income that will act as an extra supplement source cash so that you can afford some of the finer things in life instead of living paycheck to paycheck?
In his "Rich Dad, Poor Dad" series of books, Robert Kyosaki advises against anyone securing a part time job. Instead, Kyosaki suggests starting a part time business.
In my opinion, profitable trading is the perfect business and the best home based business opportunity. It is capitalism's best kept secret that will allow you to work at home. The market makes no distinction about your wealth, educational level, ethnic background or any other aspect of your identity. There is no room for office politics, difficult bosses or tricky employees in this arena. You can trade from anywhere. Follow a few simple rules, and you can run your business as you see fit.
That said; if trading successfully were easy, everyone would reap the profits. The truth is most people that trade will lose money. This is an unpleasant fact for a number of reasons. Nevertheless, the primary cause of why so many people lose money trading is that they simply do not know how to trade.
If you do not know how to trade, that does not mean that you are not smart. On the contrary, many highly intelligent people lose millions of dollars in the market.
If you do not know how to trade, the conclusion is simple ? you do not have a:
+ Coach / Mentor and or a
+ System
Most people never master trading because it seems difficult to win and they seldom have access to an experienced, successful trader or trading methodology that actually works. They usually go it alone or attend countless seminars and read even more books. Not that reading books are bad, but in most cases, nearly but not everyone ever reaps excellent results. How do I know this? Because I have actually been there?
Trading successfully is difficult if you do not know what you are doing. Let me show you how to achieve trading success and shortcut your learning curve dramatically. If you have a strong desire to succeed, put in a little work and after a bit of practice, it will become easy.
-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-
David Jenyns is recognized as the leading expert when it
comes to designing profitable trading systems.
His most recent course Ultimate Trading Systems is a step-
by-step trading roadmap to designing profitable trading
systems. Learn how *you* can become one of his students.
Click Here ==> http://www.ultimate-trading-systems.com
Receive David's free trading tips by sending a blank email to:
==> ultimate-trading-systems@getre
sponse.com
-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-
They call 'em ETFs.There are hundreds of them.The mutual funds don't want you to find out about them.Why?Because they beat the socks off mutual funds in so... Read More
Press releases are a means through which companies can keep the public up to date regarding their recent affairs. It is the duty of every public company... Read More
AbstractA very slim minority of firms distribute dividends. This truism has revolutionary implications. In the absence of dividends, the foundation of most - if not all -... Read More
One of the greatest preconstruction investing issues that I hear from individual investors is that they can't get access to what they believe are good projects. Regardless... Read More
Despite what some people may lead you to believe; day trading, swing trading and trend trading is not anywhere as difficult as they would like you to... Read More
When you start your program to purchase your "ideal" company, you quickly realize that your ultimate success will depend on two primary skill sets: 1) Your ability... Read More
"All human power is a compound of time and patience!" Honore de Balzac (1799 - 1850)Long term investing or "Buy and Hold" is not about hunches, emotions,... Read More
FOREX, the term for the FOReign EXchange market, is an international exchange market where currencies from many different countries are bought and sold. Both long-term hedge investors... Read More
The practice of economy, directed toward a retirement investment plan in the stock market, is in itself a source of great revenue. It is the art of... Read More
Grading coinsThe condition of a coin is commonly summarized by a grade. Because the value of collectible coins often varies dramatically with grade and overly generous grading... Read More
Q: I own a small decorating business and I'll be the first to admit that I don't know anything about taxes or retirement plans. I'd like to... Read More
A trading system consists of a set of rules for viewing markets and making trades. The advantages of trading systems can be hidden when they become associated... Read More
Where is the second biggest deposit of oil reserves in the world?In the oil sands region of Alberta, Canada. Oil sands are a thick, viscid mixture of... Read More
Q. What is a basket?A basket is a group of up to 50 stocks that you can trade, manage and track as one entity.In another article, I... Read More
1. How to Treat Gap Openings A gap up or gap down open is an emotional move, and it often will reverse course and turn in to... Read More
Stock market trading is a fascinating activity.There are so many layers to it. And so many paths that you can go down.Soon after we first got interested... Read More
You have probably been hearing, seeing and reading that real estate investing is the best thing since sliced bread. There are many late night cable television infomercials... Read More
Here is a small summary of the three major approaches to investing:1. Fundamental AnalysisTruly superior companies exist, are sometimes undervalued by markets, and can be identified by... Read More
Have you had one of those huge investment winners ? a stock that went from $2.00 to $80.00? Or any other numbers you want that gave you... Read More
Many people hear "retirement" and think- what? 401K? Roth vs. Traditional IRA? Stocks, bonds, mutual funds? Do they?Or do many people put money away according to the... Read More
If you're like many people, your retirement savings have not been growing consistently over the years. We're not referring to the wild fluctuations in the stock market,... Read More
The word 'investments' is one that most of us are familiar with hearing in financial context. For many of us, it may make us thing of big... Read More
For many investors, and even some tax professionals, sorting through the complex IRS rules on investment taxes can be a nightmare. Pitfalls abound, and the penalties for... Read More
Computerized investing. Online investing. Have you taken the next step yet? These days among savvy investors, online investment resources are synonymous with opportunity.The capabilities that we currently... Read More
The forex market is what is called an international exchange currency market, where currencies are exchanged on a daily basis. There are five forex market centers around... Read More
What CA Needs To Do To Address Issues in FranchisingWe should not allow anymore degradation of California through incessant over regulations in the franchising sector. No other... Read More
People tend to feel sorrow and grief after having made an error in judgement.Investors deciding whether to sell or buy a security are typically emotionally affected by... Read More
Everyone knows T Rex was the most fearsome of all dinosaurs. He could and did kill everything in his path for food or maybe stupid meanness. His... Read More
First of all, I want to give everyone the disclaimer that I am not a registered financial advisor and I don't play one on TV. Therefore, I... Read More
Unfortunately, many investors who are seduced by the lure of easy money try to become "active" investors before they have the skills, the resources, or the appropriate... Read More
"Through wisdom is a house built. And by understanding it is established. And by knowledge shall every room be filled with precious and pleasant riches!" --BibleAlways do... Read More
I am good at a few things. I can certainly market well and I consult with others about how to bring more attention to their products and... Read More
Larry, Moe and Curley were sitting in their favorite restaurant just off Wall Street having their usual 3 martini lunch and were discussing the day's events and... Read More
With visions of an ATM in every neighborhood in China, foreign banks and investment firms are queuing up to join the "China Club."Moneybags CommunismThe initiation fee for... Read More
Okay, so I can tell you I have sat in front of countless numbers of people who have made mistakes when purchasing and owning annuities. And I... Read More
Investing in New Zealand might be much easier than investing in other western countries, thank to the excellent infrastructure, the low taxes and the assistance of the... Read More
Here is a small summary of the three major approaches to investing:1. Fundamental AnalysisTruly superior companies exist, are sometimes undervalued by markets, and can be identified by... Read More
The following lists of questions are suggested questions to ask before you plan to purchase residential real estate outside of your neighborhood.It's probably best to speak with... Read More
When you invest, it simply means that you are putting your funds in products, in this case short-term savings vehicles, which will allow you to reap high... Read More
Pre-1933 Gold Outperforms Today's Gold Bullion...Since 1970, an investment strategy that included Pre-1933 gold has been proven to outperform modern gold bullion, gold bars, Krugerrands, Canadian Maple... Read More
You have rowed a boat at some time haven't you? Yes, put the oars in the water and pull. Of course, you don't know where you are... Read More
For better or worse, most option trading investors purchase stocks with the intent of holding their shares for an extended period of time.We do this mainly because... Read More
"To drift is to be in hell, to be in heaven is to steer." -George Bernard ShawFormer Homeland Security Director, Tom Ridge, has said it's not a... Read More
If Johannes Kepler, the renowned 17th century astronomer and discoverer of the planetary laws of motion, could speak from the heavenlies, he might have a few words... Read More
Soft dollars, a form of legal kickback, is a sly way you can get ripped off by mutual fund managers. Full service brokers give these kickbacks to... Read More
Some time ago I attended a seminar where participants were told to burn some money; a reasonably-sized amount of money. You should have heard the gnawing and... Read More
An option is a traded security that is a derivative product.By derivative product we mean that it is a product whose value is based upon or derived... Read More
Have you ever noticed how some words in the English language are so perfectly named for what they describe? And how some words seem to be, I... Read More
A fickle stock market encourages good-humored mockery.Recently, as I watched the premiere of a sitcom, an obvious omission breached television etiquette. Silence followed every exaggerated comedic set-up.... Read More
So you have learned how to trade the markets by mastering a few trading tools like Moving Averages, Channels, Stochastics, MACD, or RSI - that is a... Read More
Investors are still too slowly realizing what the academics have long pointed out ?- adding foreign stocks to your portfolio will, over the long term, increase your... Read More
You wouldn't build your home on anything less than a solid foundation. Similarly, you can't build wealth and financial independence without first having sound foundational principles to... Read More