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What Are The Tools For Goal Setting?

2010-05-21T01:03:00.000-07:00

Goal Setting is a tool that enables us to navigate through life with confidence. Once you know where you are going and you have the right directions, you will not feel discouraged if the way appears to be long. Why? Because you will know when you get there. That is what goal setting is all about.

Most people don’t achieve their goals because their focus is on the big picture. Yes, it’s great to think big and see the big picture. But it’s essential to think small as well. The key is to chap your goals into little pieces. Stop looking at the elephant. Take a bite instead — one piece at a time.

Every achiever sets goals. Companies set goals. Personally, I have achieved some powerful goals. I have set and achieved many small and big goals. To this day, I continue to set more. That’s the way to go. I strongly encourage you to give it a try. You will be rewarded immensely for doing so.

It’s your life, LIVE BIG!

It’s important to know what you want because if you don’t know what you want then how can you work hard to make it happen. As I wrote in The Energy Bus, every journey begins with a desire to go somewhere and do something and if you have the desire then you also have the power to make it happen.

My best advice is a little different than most. I don’t believe in setting “number’ goals. I believe in setting “purpose driving goals” It’s not the numbers that drive the people but the people and their purpose that drive the numbers. If you focus on your purpose then you will fuel up with the power to achieve great outcomes.
There are some people that are very successful without setting goals at all. Before we can say what is important for success we first have to define “success.” That definition is going to be different for everyone – and there’s a secret right there: figure out what you want. With that said, setting goals won’t hurt – as long as they are inspiring and attainable.

If you can see it, you can achieve it. A goal written down makes a dream visible, and lets you see what you’re aiming it. Think of goal setting as a treasure map. The better the goal you set, the more specific of a goal you set, the better you can visualize it, and the greater chance you have of achieving it. That’s why goal setting is so important.

I fall short of the goals I set because I lose focus, and I get distracted by the latest “shiny object” or whatever is new and fun for me. I fall short because I don’t stay the course to the end. I also sometimes fall short because I lose momentum and get right to the end, but not quite.
Both of these problems can be overcome by finding great partners to help you be accountable and achieve your goals, and this is something I am committed to doing in 2010 and beyond!

Three pieces of advice on goal setting have stuck with me over the years:

First, be as specific as possible in the end of your goal… but don’t worry so much about the process. Stay focused on that end, and success will come.

Second, goals need rewards for achieving them. Sometimes the thrill of accomplishing a goal is reward enough, and sometimes you need something else to keep you driving towards what you seek.

Last but most importantly, don’t do it alone. Share your goals with people who can help you be accountable to your goal. Ask for help when you fall down. And if you have a goals partner, you have someone to share your successes and struggles with. And life is way more fun when you can share it with someone great!

Goal Setting It’s laser focusing on one thing that matters the most to you.

It enables an individual to focus their energy on being effective instead of busy.

If it doesn’t move you, make your hair blow in the wind, cause your heart to skip a beat then why do it anyway. It has to be something meaningful.

If you don’t have a clear goal, you don’t really know where you are going and what actions will get you there. Setting a goal programs your subconscious mind and causes you to take actions that bring you closer to it. It also gives you a scoreboard to follow and know where you are in relation to where you want to be.

I think a lot of people don’t do critical thinking about their goals and often just adopt ones they think will be acceptable to others. Many don’t write them down and clarify them. Your goals need to be bold and real to you, so they pull you toward them.

I am a big believer in reinforcement things such as affirmations, prosperity maps, daily mantras, pictures on your refrigerator, mirror, steering wheel, etc. The more you feed your dream, the more emotional it becomes and emotion is a big driver to keep you focused and active.

I like to cover both bases and use negative and positive reinforcement for my goals. I will often “paint myself into a corner” by committing publicly to having something done by a certain date. This creates pressure in a good way to keep me working towards accomplishment of the goal.

I also use positive reinforcement, giving myself rewards for goals. If it’s a small goal I may promise myself to get a massage when it is accomplished. For major goals, I may give myself a Hawaiian vacation or even a new sports car. Doing both angles like this keeps me always achieving goals and setting the next ones.

I hope you found the ideas Randy shared helpful. Remember that ideas alone won’t create positive change — it’s the application & implementation of the ideas you learn that can allow you to reach your intended destination!

First of all why set goals?

The biggest predictor of success is direction. If you don’t have something to aim for in life, the chances are you will end up achieving very little. Almost every successful person in the world started with a clearly defined goal in their mind of what it is they wanted to achieve. This provided them with a fundamental sense of purpose and direction.

The beauty of setting goals is that they help to streamline your life, adding a focal point and something tangible for you to work towards.

In some ways goals are like beacons helping you to stride through life towards something that holds special importance to you. What that special something is, is up to you.

Working out what you want

It amazes me how many people work towards goals that they don’t really want.

Usually the motivation to achieve these goals comes from a feeling that you should want them. Fame, recognition, and a high status job, are some of the modern day desires that society conditions people to think that they want.

It is important that all goals and aspirations come only from a place of wanting and not from a place of should.

When you cut out all the noise that society deafens you with, and directly ask yourself, “what is it that you want?” honestly and whole heartedly, you are able to generate goals that come from a place of inspiration, and not from a place of conditioning.

It is from inspiration that all worthwhile goals are created. When you work from this place your commitment to your goals is full of desire, passion, and zest.

Set goals based on your values

Working out what your goals are is often the hardest part of the goal setting procedure, and the part which requires most thought.

The first step to working out what you want is to establish what is important to you in life.

If for example you value your friends and family above anything else, then it makes sense to set a life goal of spending as much quality time with these people as possible.

If financial independence is valued highly you may chose to construct a goal that focuses on reaching a specific sum of money within a set time frame.

Ask yourself a series of incisive questions that force you to address who you are and what is important to you in your life.

Consider answering the questions below and start devising goals around the answers you produce:

What would you want to achieve if you knew you could not fail?
If you could leave one message to the world what would it be?
Who are you when you are at your best?
If you had one day to live, what would you do?

The responses to these questions should provide you with some information about what is important to you in your life and aid the goal setting process.

How will you know when you have reached your goal?

Your goal needs to be as clear and precise as possible so that you know exactly when you have reached it. One way to do this is to set the goal as a numerical figure. If you can produce a clear ‘yes’, or ‘no’ response to whether you have reached your goal then you have successfully created a measurable objective.

For example, consider the goal of generating a financial target of ₤100,000 by the end of the year. The numerical and precise nature of your goal allows you to effectively evaluate whether or not you have successfully reached your target when the end of the year arrives.

Does your goal make you go....?

It is important that the goal you set is wildly ambitious.

Old schools of thought believe that goal setting should be realistic and attainable, avoiding excessive ambition. On the surface this makes perfect sense, because you want to set goals that you have a good chance of hitting. And arguably, failing to hit your goals because of aiming too high may leave you feeling a little despondent.

The reason why I suggest that goals should be set as high and as ambitious as possible, is because there is no logical reason why you cannot achieve whatever it is that you want.

It is only through your negative internal belief systems that you decide what is and what isn’t realistic. Years of conditioning have encouraged us to develop a warped view of our potential.

This is why unrealistic and wild goals ironically are sometimes closer to what is realistically possible compared to your conditioned view on what is realistic.

If you set the outrageous goal of making ₤1,000,000 in 1 year, work with dedication and drive during that time and end up making ₤600,000, I am pretty sure that you will not feel despondent at the end of the year.

It is certainly better than aiming to make ₤50,000 within the year, and hitting the target easily, without having to push yourself in any way.

Aim for the stars and you will catch the moon

Have you written down your goal?

Once you have precisely and clearly established what it is that you want to aim for, write it down.

Your goal needs to be written down in a specific style in order to be successful.

Although goals are inherently in the future write your goal in the present tense. For example; instead of writing ‘I will have a successful business’, write ‘I have a successful business.’ This will add immediate impact to the strength of your goal.

The second point is to make sure when you write down your goal it is something you want instead of something you don’t want.

If you focus your energies on what you don’t want unfortunately you will attract what you don’t want into your life.

It is always more powerful to move towards something, instead of away from something.

For example wanting to make more money is much more effective than focusing on getting out of debt.

Might you be able to apply this to any hurdles to goal setting and life success right now, or will you do it when something comes up later?

1. See if you can mentally identify the top one or two major things that are causing you 80% of the current negative feelings that may be hindering your goal setting and life success.

If you can't think of them, then spend some time alone writing down whatever ‘problems' you can think of until you hit on the aha's of greater concern.

Do you know what are the biggest emotional dramas revolving around your life at present?

2. Write down all of the little and medium and large responsibilities, tasks, projects, time-stealers, etc that you possibly can think of that are relevant to your goal setting and life success for your life in the short term.

Good Work is most likely the work you do most of the time, and you do it well. It’s necessary stuff that moves things along and gets things done. Organizations are primarily set up to do Good Work: create a product or service, do it efficiently, sell it to the world.

There’s nothing wrong with Good Work– except for two things.

First of all, it’s endless. Trying to get your Good Work done can feel like Sisyphus rolling his rock up the mountain, a never-ending task. And second, Good Work is too comfortable. The routine and busy-ness of it all is seductive. You know in your heart of hearts that you’re no longer you stretching yourself or challenging how things are done. Your job has turned into just getting through your workload week in, week out.

And then there’s Great Work. Great Work is what you were hoping for when you signed up for this job. It’s meaningful and it’s challenging. It’s about making a difference, it matters to you and it lights you up.

It matters at an organizational level too. Great Work is at the heart of blue ocean strategy, of innovation and strategic differentiation, of evolution and change. Great Work sets up an organization for longer-term success.

The challenge is that Great Work carries with it uncertainty and risk as well as impact and reward. We’re pulled towards what Great Work promises and pushed away by its threat. We want to free ourselves from the regularity and comfortable rut that is Good Work, and yet we’re tugged back by the familiarity and certainty that it provides.

By capturing it all on paper you might be surprised at just how much more satisfied and under control you feel. Even if there is an absolute ton of items to note down, it is much less taxing on the brain to be able to see it clearly rather than constantly be wondering if you have missed or forgotten anything.

How complete is your life of ‘things to do'. Does it scrape you through the day with minimal abrasions, or is it a rock solid comprehensive status of your affairs?

3. Reward yourself in some way for your efforts and small success's in goal setting and life success.

I used to have a problem with doing this as I felt it was an indulgence given that there really REALLY was so so SO much to be getting on with.

However I have learned that the mind actually needs to be ‘tricked' into efficient performance and stamina, and giving yourself rewards actually programs your deeper mind to stay on top of things more.

You might dedicate 30 minutes to a relaxing bath. Or a few pages of that novel that has been collecting dust on your bed side table until now. Self-rewards can sometimes seem childish, but it is the deeper part of our mind that functions in that way, so accept and utilize it for your benefit.

4. Prioritize goal setting and life success in a way that accepts the facts of finite time.

That is, you have 24 hours in a day. Better it is to do a good job on one major project dedicating 2 hours to it, than to attempt work on multiple projects which dilutes your effectiveness for any one. Stay mindful that good learning, good writing, good work of any kind, requires a certain amount of time. Where do you need to invest a good quality block of time on one of your projects over the next day or two?

Every day I get up I ask how can I make a difference. My purpose is to inspire millions of people, one person at a time and this purpose keeps me energized. By focusing on my purpose driven goals I am reaching more people than I ever thought possible. I don’t care about numbers and I have never focused on money. I focus on my purpose and doing my best and let God do the rest.

Success Ways To Goal Setting

2010-05-20T04:01:00.000-07:00

Starting to Set Personal Goals

Goals are set on a number of different levels: First you create your "big picture" of what you want to do with your life, and decide what large-scale goals you want to achieve. Second, you break these down into the smaller and smaller targets that you must hit so that you reach your lifetime goals. Finally, once you have your plan, you start working to achieve it.

We start this process with your Lifetime Goals, and work down to the things you can do today to start moving towards them.

Your Lifetime Goals

The first step in setting personal goals is to consider what you want to achieve in your lifetime (or by a time at least, say, 10 years in the future) as setting Lifetime Goals gives you the overall perspective that shapes all other aspects of your decision making.

To give a broad, balanced coverage of all important areas in your life, try to set goals in some of these categories (or in categories of your own, where these are important to you):

Artistic:
Do you want to achieve any artistic goals? If so, what?
Attitude:
Is any part of your mindset holding you back? Is there any part of the way that you behave that upsets you? If so, set a goal to improve your behavior or find a solution to the problem.
Career:
What level do you want to reach in your career?
Education:
Is there any knowledge you want to acquire in particular? What information and skills will you need to achieve other goals?
Family:
Do you want to be a parent? If so, how are you going to be a good parent?
Financial:
How much do you want to earn by what stage?
Physical:
Are there any athletic goals you want to achieve, or do you want good health deep into old age? What steps are you going to take to achieve this?
Pleasure:
How do you want to enjoy yourself? - You should ensure that some of your life is for you!
Public Service:
Do you want to make the world a better place? If so, how?

Review your plans, and make sure that they fit the way in which you want to live your life.

Staying on Course

Once you have decided your first set of plans, keep the process going by reviewing and updating your to-do list on a daily basis. Periodically review the longer term plans, and modify them to reflect your changing priorities and experience.

Goal Setting Tips

The following broad guidelines will help you to set effective goals:

State each goal as a positive statement: Express your goals positively – 'Execute this technique well' is a much better goal than 'Don't make this stupid mistake.'

Be precise: Set a precise goal, putting in dates, times and amounts so that you can measure achievement. If you do this, you will know exactly when you have achieved the goal, and can take complete satisfaction from having achieved it.

Set priorities: When you have several goals, give each a priority. This helps you to avoid feeling overwhelmed by too many goals, and helps to direct your attention to the most important ones.

Write goals down: This crystallizes them and gives them more force.

Keep operational goals small: Keep the low-level goals you are working towards small and achievable. If a goal is too large, then it can seem that you are not making progress towards it. Keeping goals small and incremental gives more opportunities for reward. Derive today's goals from larger ones.

Set performance goals, not outcome goals: You should take care to set goals over which you have as much control as possible. There is nothing more dispiriting than failing to achieve a personal goal for reasons beyond your control. In business, these could be bad business environments or unexpected effects of government policy. In sport, for example, these reasons could include poor judging, bad weather, injury, or just plain bad luck. If you base your goals on personal performance, then you can keep control over the achievement of your goals and draw satisfaction from them.

Set realistic goals: It is important to set goals that you can achieve. All sorts of people (employers, parents, media, society) can set unrealistic goals for you. They will often do this in ignorance of your own desires and ambitions. Alternatively you may set goals that are too high, because you may not appreciate either the obstacles in the way or understand quite how much skill you need to develop to achieve a particular level of performance.

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Tools for Extraordinary Success

2010-05-19T02:56:00.000-07:00

Let's talk about what is personal growth for you!

Let's begin to look at how you can achieve the improvement you want in your life. The first step to lasting personal change and development is putting together your plan of action called a Personal Development Plan (PDP). This will become your road map to success. It will establish your clearly defined goals and the steps you need to take to accomplish them.

A Personal Development Plan is always a work in progress. As you complete one task, you will need to add new growth and educational opportunities to your plan. Before we begin to put this plan together you need to answer a very important question that only you can answer. The question is "WHY?"

Why are you seeking personal growth?

Why do you want to change?

Why do you feel you need to change?

Why are you not content with who and what you are now?

What is Personal Development for you?

Well, the answers to these "WHY?" questions will help you to determine the level of Desire you have for making these changes. Without desire and a burning passion to change you won't get far in creating your personal development plan. And without your PDP, your "road map", you will not succeed in making changes because you will not stay on track long enough to accomplish anything meaningful.

Okay, I am assuming you have adequately answered all the "WHY?" questions and you have confirmed your desire to make the necessary changes in you life. Now we are ready to begin to put together the Personal Development Plan that will dramatically change your life. I can hear you saying it now, "Whoa, dramatically change my life? I am just looking for a little improvement and not a massive change".

Hey, here is the deal: if you are going to take the time to think about and write your PDP, then you better be thinking about a dramatic change that will get you motivated and excited or otherwise you will lose focus quickly. Trust me, I have been there like so many others. People who need to lose 5 or 10 pounds do not get too motivated, but the person who needs to lose 40, 50 or more pounds gets motivated with a burning desire that cannot easily be quench. Baby, they are on Fire to achieve their Desire!

These people understand what self-improvement is all about. They understand it takes a passionate commitment and burning desire to get the results they want with their body and their health.

So back to the point, if you are going to write a detailed Personal Development Plan then you need to be thinking in terms of major life-changing goals. So we know you have the desire and motivation to seek self-improvement change in your life. Let's begin to put together a plan itself.

Start by getting a thin spiral notebook that you will only use for this purpose. This notebook will become your own personal playbook or, maybe better yet, your own personal Business Plan that you will use to build the new and improved you with over the next few weeks, months and years.

Now that you have that spiral notebook open it up to the first page and write the words, My Primary Goals and Mission In Life, across the top of the page. This goal and mission statement states where you want to be in your life, NOT where you currently are now.

This is what you will return to on a daily basis to remind you of where you are going. This mission statement must be as detailed and specific as you can make it. Be creative and do not limit yourself in your thinking, but make sure you are being realistic.

The next part of your Personal Development Plan is the self-assessment part where you have to determine exactly where you are now and what you want to improve.

A watch. Highly successful people are intensely time- concious. They don't spend their time, their energy or their lives on trivial pursuits. They wear a watch and they use it to stay on task until they achieve their goals and create the life they want. Time is your most precious asset and our most under-valued commodity. Wear and USE a watch!

A list. Highly successful people plan their day. They make a list of their most important priorities. They choose the things that will make a major, long-term, difference, and they focus on them all day long. Last thing in the evening, or first thing in the morning, create a list and work from it during your day.

Finally, you need to make a list of all the areas in your life you want to make significant improvement. Be very specific in establishing your goals. As an example, it is not enough to say you want to lose some weight. You have to say I want to lose 30 pounds by December 31 of this year through a low-fat diet and aerobic exercise program.

There are no "secrets" of success, but there are tools that make success and achievement much more likely. Use the tools of highly successful people, and watch your own accomplishments soar!

How To Achieve Extraordinary Success

2010-05-17T13:04:00.000-07:00

Think that you're a success? You may need to think again - or, more to the point, you may need to stop thinking altogether and start doing - that's how to become a real success. Real success does not involve hard work, it does not involve compromising one's work life balance and it does not involve wanting for anything. The problem is that people deem themselves to be successful based on the norms of society - and the word "norm" simply means that enough lunatics got together.
The best way to improve your financial literacy is to learn as much as you can about money and how it works and this is why thinking Financial education is paramount to you achieving wealth.

It is at the heart of what you would like to achieve - the ability to understand and make informed and effective decisions about the use and management of your money.
Learning how to create the success that you desire in any area of your life can seem like a daunting task at times. There are always going to be those days when it just seems like things aren't going your way or you feel as though you will not be able to achieve the dreams that you do have. In these moments, it is necessary to take a step back and re-frame the situation or else you risk the chance of getting knocked off track.
While in the pursuit of a successful life there are a few things you can be certain of. You will face adversity at some stage and you will also fail at some point in your life.

However, what separates someone who is successful from someone who is not is how they deal with adversity and failing.

"The successful people are the ones who learn how to overcome it [failure] and the unsuccessful ones...are the ones who want to wallow in it.

Mindset for Financial Success

2010-05-15T05:56:00.000-07:00

Although we can learn from professional money managers, as private traders, we should not fully emulate their approach to the markets. Here’s how individual trader and money manager goals differ and how the differences affect a key component: money management.
This month’s record shows a relatively low trading frequency. Most of the trades were based on some form of trailing stops. As such, the average loss is smaller than the average gain. Such exit strategies can go a long way towards enhancing the overall profitability, because we can stay with the occasional strong trends for rather long, and exit quickly when the market is choppy.
The accumulation of wealth is a common goal among many people. Despite the many ways in which people seek to achieve their financial goals, very few really achieve financial freedom. In my years of working with traders and investors (and business-people as well), I realise that the mindset very often outweighs the methods in one’s pursuit of wealth. Also, I have seen many people working so hard to accumulate their wealth, only to lose it when the tides of the economic cycle turn around. On the other hand, there are those with humble beginnings who “unexpectedly” achieve huge financial goals. One of the more reliable indicators of one’s wealth-creation ability is whether the wealth created can be retained or made to grow even when the economy and Forex market turn bearish.

We all know rationally that markets don’t remain bullish all the time. Yet, I’ve been continually surprised how ill-prepared most investors (including many well-heeled and sophisticated investors) are when it comes to preserving investment capital or even growing it during rececssionary periods. Even if the recent recession were to have ended, we must not manage our finances and investments as if the market is going to be bullish all the time from now onwards. As a successful trader and investor, one of my most cherished beliefs about the markets is based on what the legendary trader, Jesse Livermore, once said, i.e. “The market is designed to fool most people most of the time.” Even when I conduct my training workshops, I continually tell people that long-term and sustainable success in trading or investing (and I suggest, even in managing your finances and businesses) is largely dependent on your ability to distangle your thinking patterns from the crowd. Indeed, I’ve noticed again and again that most people have a high tendency to “buy high and sell low” with regard to their investments.

Winning traders and investors are different not so much because of their intellect or educational qualifications; they distinguish themselves primarily due to the way they think - the way they synthesize available information to form superior decision-making strategies. Being able to emulate the successful traders, investors and business-people on this regard will go a long way towards your financial success!

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Money Management Risk Control For The Traders

2010-05-15T02:57:00.000-07:00

There is one thing more important than any method of trading anyone could teach you. Money management and risk control are critical to successful trading. It is not complicated, but there are some very specific rules that you should follow:
Unless a trading system is 100% accurate in all cases, a sound system of risk management and risk control has to be part of it. If you have poor money management skill, you could have the best trading system in the world, on that is right 90% of the time, and you will still lose all of your money.
One the other hand, with good money management skills, you could have a fairly inaccurate system, and still get respectable returns. Money management is so important that studies have shown that up to 90% of the variance in fund manager performance can be directly attributed to it.
Without a proper money management plan, it is difficult to cut losers and let gaining trades run. Many traders also overstay when the market goes against them, they are not flexible enough to change their minds or opinions when trend is clearly against their positions. Instead of limiting their losses, traders tend to add to losing positions.
The first thing that you have to decide is the size of your trading account. It is advisable that your trading account must be separate from your investment account. It should be a small portion, perhaps 10% to 20% of your total investment account. This is your high-risk business. If you are successful, that is good. If you are not, you do not want to get badly hurt.
Never mix your trading account with your investment accounts. Go to the extreme of having your trading account with a different brokerage firm.
What is money management and risk control is the portion of one's business plan (trading system) that tells you how much you can risk on one trade. What is amount of risk should you be willing to take?
A proper money management component to your business plan not only assures your longevity simply by not allowing obscenely large positions, but also by removing significant psychological barriers in trading.

Many traders and investors often experience the frustration of the market going against them “most of the time”. Many people say that “it always goes down whenever I buy, and it always goes up whenever I sell!” Is it a matter of bad “luck”? Or are there some very basic reasons why most traders lose money?

Without a highly systematic and controlled way of engaging the markets, the markets are always rigged against us. It is not unlike going to a casino, where your chances of making money in the long term are practically zero. In the casinos, all the games are rigged against us in the sense that they always have an edge over us. An “edge” is simply a statistical advantage that ensures that you will lose money if you stay long enough in the markets. In trading or investing, that “edge” is largely due to many weaknesses in the human psychology, and the interactions between market movements and human emotions. Removing that edge is largely dependent on mastering the psychology of trading, which is far more crucial than sophisticated technical analysis.

Euro Sinks to 19-Month Lows as Reports Show How Fractured EU Leaders are on Rescue

2010-05-15T02:13:00.000-07:00

Ever since the European Union announced its 750 billion euro financial rescue package last weekend, there has been a sense of skepticism circulating around the market. For risk appetite, the rebound in positioning has been limited to the retracing the losses suffered on the previous Thursday. Fundamentally, there has been little to truly encourage investor optimism; even less to support confidence in the euro or its assets. Essentially, FX traders were bidding their time until the next clear development would come from the ongoing drama with Greece and the other fiscally instable member economies. Unfortunately, the potential for positive news is severely limited and it was just a matter of time before analysts and/or journalists dug up additional troubles. Unfortunately for the euro, a round of particularly disturbing news would be released all at once on Friday. The most sensational claim was that French President Nicolas Sarkozy threatened to pull his country out of the Euro Zone when Germany seemed unwilling to join the bailout effort. While this may have only been grandstanding, it nonetheless tells us how difficult it is to encourage a joint effort to stabilize the region. If there is this must struggle, what will it be like when they actually have to pony the money up? Other news included a Moody’s assessment that there was a ‘greater than’ 80 percent chance of a Greek downgrade in the near future, it also warned Portuguese banks were the most highly exposed to Greek assets and then there was the rumor that France may be downgraded.

THE FACT TO GET TRADE ON...........

2010-05-10T07:50:00.000-07:00

The first point to keep in mind is that 95% of all new currency traders lose money but don't think that because of this currency trading is hard to learn – it isn't. All you need to do is get the right currency trading education then, adopt the right mindset and you can be trading for big currency profits in just a few weeks.

In UNIQUE WAYS FOREX TRADING we will teach you the unque ways to earn your daily profit on your capital daily.

A huge majority of traders do get the right education but they fail to respect leverage, they leverage up their accounts to far and they get blown out the water, when the market spikes against them. While a typical broker might give you up to 200:1 leverage, you don't need to use it all! 10 or 20:1 is plenty for most traders and on this leverage, you can still build huge currency trading profits over time.

It's a known fact that most traders lack discipline and this is the reason why 95% of all traders lost 50 years ago and still lose today. This also shows that more complex trading systems, better and faster news, instant price delivery and more powerful currency trading software, has made no difference, in terms of changing the number of losers – the ratio has remained constant over time, despite all the advances in technology in the period.

Most traders simply cannot control their emotions and can't trade with discipline, if you can't trade your trading strategy with discipline – you simply don't have a strategy! Traders contine to run losses and hope they turn around, cut profits early, over ride their trading signals when they disagree with them and end up losing.

So what do you need to do, to win at online currency trading?

Firstly, you need to accept that you need to learn skills and get the right currency education and this doesn't mean working hard – it means working smart and getting the right currency trading advice. You can learn all you need to know to become a successful trader in just a few weeks and now you need to remember this next point:

Currency trading is simple, simple currency trading systems work better than complex ones and the reason for this is – they are more robust, with fewer elements to break.

You need to base your Currency trading strategy on a simple set of rules you have confidence in which you can apply with discipline. Your trading system, should be geared around cutting losses quickly and running profits. Forget about beating the market or perfection, your interested in making money. Consider your losses as your businesses overhead (and currency trading is a business) and focus on keeping them small and don't worry, if you are patient,the market will reward you with some great trends, you can run to cover your losses and build your account equity over the long term.

In this introduction to online currency trading, we want to stress that you can achieve success and all you need to so is learn the right knowledge (which anyone can do) and then adopt the right mindset, to execute your currency trading strategy with discipline (which anyone can do, if they decide to make the right choice) but you must make the choice before you begin to trade - so decide now:

Do you want to feel clever and be right all the time or do you want to make money?

Make the right choice and understand, that you willm never achieve perfection but that won't stop you making a lot of money and the door to currency trading success is open to you – make the wrong choice and your going to lose!

Anyone can win at FX trading and we hope in this introduction to online currency trading, we have made it clear what you need to do to achieve success – good luck!

Trading System / Indicator

2010-05-10T06:54:00.000-07:00

Yes is true hardworking is not the part of the trading and staying long watching trade on trade make ones greed and at the end of the market you lost most of your profit / capital which is due to greed & over trading. We all need trading system with a good customize indicator which i can help you all contact me on:

mr.giwa@yahoo.com

2010-05-10T04:40:00.000-07:00

Anyone can make money with this simple
Forex trick even with "zero" trading experience...

Contact me on email: mr.giwa@yahoo.com or yahoomessager: mr.giwa

Preparation / Concentration Avantages

2010-05-05T00:13:00.000-07:00

a. Set a trade of what you want to achieve at the end of your trading time and do not set a trade that you
cannot achieve. This may lead to greed / frustration (lost).
b. Regular practice (demo) with past trading will train and encourage you to design your own trading system.
c. Commence trade when both mind and soul are ready and willing to work. This implies that
trading should be avoided when you are away from you pc.
d. Get all materials...... for use during your trading time ready to reduce movement and thus enhance
concentration.
e. Keep your pc free of all distractions such as game, movie, music etc.
f. Trade only when market is trending and do not trade when market is on ranging.
g. To promote active trading, get a daily news on economic / currency to enable you know the direction of market.
h. Forex is highly risk; understand the law binding trading and dont trade (live) if you dont have the troop of trading.

Euro Biography

2010-05-04T02:05:00.000-07:00

The Euro was designed to replace the national currencies of Europe with a currency that would facilitate the flows of capital, goods, and commerce between European countries. A common currency cuts transactions costs and allows for a common price on which European stocks and bonds are traded. The Euro is managed by the European Central Bank (ECB), which in turn was made up of the governors of the national central banks.

At its conception, many economists felt that the participants would be first and foremost Germany, and then France, the Benelux countries, Austria, and some of the Scandinavian countries. It was hoped that Italy would be able to join, but that was by no means considered a certainty. The peripheral countries of Portugal and Spain were considered long shots and Greece wasn't even on the radar.

Nevertheless, Italy, Portugal, and Spain surprisingly squeezed in when the Euro was launched in January 1999, and Greece joined later. Trading began at $1.12 per euro, but after a brief weak spell, the currency appreciated significantly. The ECB proved to be made up of hard-nosed central bankers, who kept stern anti-inflationary watch and appeared immune to political pressures.

The currency union was deemed a success and the euro attracted significant capital to those countries that joined the currency union. Housing prices, which were at one time appreciably lower in Spain, Portugal, and Greece, rose sharply. Qualifying for the Euro was seen as a sign that a country had submitted to fiscal discipline and relegated its monetary policy to tough central bankers.

In 2007, before the current crisis, the Euro rose above $1.60, a level that priced most European goods and services well above what economists call "purchasing power parity," or the level that would have been consistent with a comparable cost of living in other developed countries, especially the United States. Wages also rose in these peripheral countries as workers found it easy to compare pay scales in a common currency and demand compensation levels closer to their northern neighbors.

Forex / Stock a game or gambling?

2010-05-04T01:48:00.003-07:00

Am Writing this point out due to some illiterate ones who count Forex / Stock as a gambling, fraud or game because of this they count it as unlawful market.

Point
Investigation over the years have revealed that various Forex / Stock ..... Trading is never a game or gambling in marketing which have their roots. The buying and selling on Forex / Stock trading are controlling by world economic; for instance, if oil price high, dollar low, and if oil price low dollar high.

Forex / Stock trading is an investment by which is controlling by world economic system just like weather; God is the controller of everything, economy, weather, sustaining. In fact to be a successful trader you have to learn a lot with good sound knowledge on what are the troop that binding your trading system. Forget about Forex / Stock every trader need to pray for successful trading

The Fact
Anyone who trade Forex / Stock in means of gambling is a par-tic because is highly risk. God is the controller of world economy that why is risk to trade forex / stock and what ever......; forget about Forex / Stock Investment trading, every trader need to pray toward their market likewise we live in this world risk too we only need the knowledge binding our living, to be a successful trader you need sound knowledge.

To be a Successful Trader You Need Sound Knowledge.....

2010-05-01T01:29:00.000-07:00

The forex market is the largest market on Earth, and according to the latest estimates, more than US$4 trillion is being traded on a daily basis. Unfortunately, most individual traders fail to make a profit in the long run. Let’s look at the reason why.
People who enter the world of forex is commonly of a fairly high intellect, however, they usually lack the right tools to make profits in the long run. The right tools does not necessarily mean for instance analytical tools, but rather tools that take away the “human-factor”, for we as humans have a number of inherent weaknesses that make us seem almost self-destructive.
Let’s discuss a few human weaknesses…

1. Greed. Often times we let a wining position run back into a loss because we wanted more profit from that trade.
2. Fear. Fear of losses is often the cause for people to make irrational choices and end up losing all their money.

3. Lack of confidence. A lack of confidence can mean taking a small profit on a trend that goes a very long way, and making larger losses all the time. A lack of confidence is the opposite of greed in this case, but a good trading strategy should dictate where entry and exit points are even before the trade is made.

4. Hesitation. When we hesitate when faced with a very important decision, it often has two unfortunate outcomes. One, we confuse ourselves and end up making the wrong decision. Two, we loose the window of opportunity where we would have made a maximum profit.

5. Weariness. Taking a break is something we all need every now and then. However, taking a break in the fast-paced world of forex can often be the difference between making a profit and a loss.

6. Negligence. When trading forex we need to take account of many factors and do so in a very short time. Any negligence could mean some very important information has been overlooked and then you’d make bad decisions that will leave your account in the red.