Why Do You Want to Become a Online Trader?
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:
==> http://www.ultimate-trading-systems.com/stocks.html
-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=- |
Other Trading Tips Articles
Futures Trading Analysis Futures trading involves a buyer and a seller. The seller is liable to provide the agreed commodity at a fixed price to the buyer at the time specified on the futures contract. The profits or losses incurred are determined by the contract's price changes that are in relation to the price fixed at the beginning of the contract.In futures t ...Investor or Trader... Which Are You? Most market participants consider themselves to be "investors." But if you look at a list of the really big winners on Wall Street, you will see that most of those who make big profits, list themselves as "traders."By "big profits" we mean doing better than the S&P 500 Index or Nasdaq 100 Index by a substantial margin over any three year ...Relationship Advice: J is for Just You and Me It's been a whole lot of years since the music group Chicago sang "Just You and Me."More than thirty years later, there is still an important principle we can lift from these lyrics to strengthen our relationships.Just you and me timeLife just seems to get more and more hectic, and it doesn't look as if that is going ...Venture Capital Firms While the terms and conditions of venture capital are not standardized, there are some salient features of venture capital arrangements. The venture capital firm is inclined to assume a high degree of risk in the expectation of earning a high rate of return. The venture capital firm, in addition to providing funds, takes an active interest in gu ...Commodities Futures – The Best Contracts to Trade Here we look at the best contracts to trade, for long-term trend followers - and how to blend these commodities and futures contracts, to obtain good diversification - and great profit potential. We also reveal the one commodity contract, which any trader should be looking to trade.One of the great advantages of commodity futures trading ...Choosing the Right Investments for You With all of the investment opportunities out there today, it might seem difficult to decide which one is the right one for you. When it really comes down to it, though, having such a large variety of options is more of a benefit than a hindrance… it allows you to customize your investment portfolio to your individual tastes much more than you wo ...Investors - What Separates the Good Traders from the Bad Traders? There are many forms of investing online. While I can give you a list that is a mile long, these are the most common forms of successful investments. Some of the following know how to invest terms are:1. Option trading 2. Future trading 3. Currency trading 4. Stock trading 5. Future trading 6. Forex trading (or ...A Little Bit about the Pug The Pug is known as the Carlin in France, Mopshond in the Netherlands, Mops in Germany and Chinese Pug or sometimes the Dutch Pug in Great Britain. So how did he come about with a name of the “Pug?” The name Pug may have come about from the shape of the dog’s head or the name refers to the dog’s resemblance to a marmoset or monkey.The P ...Currency Trading Seminars – The Best Way To Learn and They Can Be FREE The best way to learn to trade currencies is to attend a currency trading seminar, as you will gain a far greater insight into trading than by simply reading books.Many currency trading seminars not only allow you to learn theory, but also to apply what you have learned in practice in real trading situations, so you can test what you have ...Can You Time The Market? Every day on TV we hear yet another idiot telling us that you can't time the market. What a line of Wall Street BS. Of course they have to tell you that. If they told you that you should only put your money in the market from November to May, what would they do in June/July August? How would fund managers justify their existence? They couldn ...Futures Trading Forums A forum is a medium of expression, whether through newspapers, television or an open discussion in a public place. It's a place where ideas can be put forth. Discussion on viewpoints can be exchanged at forums. Futures trading forum is also a forum that is a medium of exchange, of ideas and discussion on matters concerning futures trading. ...Currency Trading Systems - Making Money from the Longer Term Trends Currency markets never sleep and several trillions dollars are traded everyday, making currencies the world’s biggest and most exciting investment market.In recent years, mechanical currency trading systems, using technical analysis to predict trend movements have become increasingly popular as a way of locking into, and profiting from th ...FOREX Trading - The Secret to Making Profits from the Big Moves In FOREX trading, it’s a fact that many traders simply can’t let their profits run - they enter trades correctly, but only ever, bank marginal profits.“Let your profits run” is accepted market wisdom - but how do you do it in practice? How do you maximize your profits?Many FOREX traders get in on a good opportunity, and take a marg ...English And Its Usage In The Workplace English language is widely used in two kinds of communication in workplace. It can be used among members of the same or a closely related profession. In other cases, it can be used when a member of the profession is dealing with a member of the public. In this essay, I will discuss the choice of language, the use of jargon and different features ...Gold is Where yo Find It There are many ways to own gold, many forms: jewelry, bullion, coins, mutual funds, gold mining stocks (indirectly) and ETFs (Exchange Traded Funds). The latter are similar to mini mutual funds, but usually have few stocks and they remain constant rather than have internal trading as mutual funds do. So you can own gold. So what? Why bother when ...Day Trading Stock Picks Day trading stock picks are the best stock deals that are available for day trading. Awareness regarding day trading stock picks allows a day trader to gain maximum returns from the market. The day trader has to capitalize on intra-day price volatility in the most active stocks to reap a regular profit from the stock market.The main advan ...Top 7 Tips to Ditching Sales People If you are in a small business you probably hate all the salespeople constantly harassing you and I especially hate it; how about you? If you run a retail business and put a sign on the door that says; No Soliciting; that only stops about half of those little bastards.Some people think that whatever they are selling is so darn important t ...Real Time Data Management Real time data management is vital for providing decision-makers in any enterprise immediate insight into changing business events and reducing information delays. This also helps in improving revenue and reducing risks. A wide number of real time data services are available nowadays. They can capture and distribute the data non-intrusively via ...How To Make $20.00 For Every $1.00 Invested It has been said you can lift the Rock of Gibraltar if you have a fulcrum point and long enough lever. When we refer to "financial leverage" we are talking about the same principle. If you buy a business building for $100,000 with $5,000 down, this is using leverage of 20 to 1. For a mere 1/20th of the purchase price, you actually own and contr ...The Benefits Of Keeping A Trading Journal Every day billions of dollars exchange hands on the stock market. That is a fact that I'm sure you knew already. What you may not have known is that the very same market is comprised of an astonishingly large number of non-professional investors. Just people interested in increasing their wealth in a way that when done right can bring rich rew ...The Advance/Decline Line "Every day I hear about the "advance/decline" line and more times than not its negative even if the market is up. How can that be?" Great question and its a bizarre situation. Let's look:The advance/decline line is very simple, it is the difference between the number of stocks moving higher on a day versus the number moving lower. So nat ...Relationship Advice: 5 Tips to Make a Strong Marriage Even Better 1. Time together is time during which the complete focus is on each other. That means no TV, no newspaper, no kids. I know, I know, that's hard in our over-busy culture. But stop and consider for a moment: Can you think of many things that are really more important?"So what do we do with this time together?" you might ask. Simple: Talk to ...Is Your Autoresponder Truly Promoting Your Company? Getting other people to promote your web site is one of the most popular Internet marketing methods around, today. Affiliate relationships are all the rave with people who have web sites. Web marketers worldwide are trading links everyday, in hopes of driving each other's traffic to their respective sites. This is certainly something any hard ...Commodity Futures Trading Online If you would rather sit in the comfort of your own home and play the commodity futures game, then the World Wide Web has a host of possibilities for you to indulge in playing the markets.Many brokerage firms have set up websites that allow you to trade in commodities. They require you to register for an account and then download a trading ...An Introduction To Forex Trading Foreign Exchange Trading, commonly known as FOREX, is the trading of different currencies in the world. FOREX is not a new concept. Since the dawn of man, people used exchanging of currencies for transactions, but not necessarily in the form that we are currently familiar with.When man started practicing early forms of ‘business,’ they le ...Effective Importing-Exporting with Trade Leads Ever wonder, how some importers and exporters get suppliers and buyers from other countries so easily? After trying their hand on eBay an increasing number of people are looking for either a foreign supplier for the items they are trading locally or global buyers for the unique product that they sell. If you are one of them, or you have recently ...The Stock Market 101: Part 1 IntroductionApart from the glitz and panache of Hollywood or the iconic World of the pop star the stock market is probably seen as the most glamorous way of making a living (and a very healthy living at that!). Over recent times advances in technology have made the Stock Market far more accessible to the general public. This ha ...Bear on a Leash The market was going down, down, down and suddenly it has taken off to upside. What happened? Did someone put a leash on the bear or is he just tired and is taking a rest? Maybe the bull has killed him and has taken charge again. I like that last idea. Let’s examine the facts and I don’t mean those told me by those pretty cheerleaders on CNBC-TV ...10 Tips on Choosing Best Discount Stock Broker Discount stock brokers are ideal for those who know the trade industry well and do not need extensive information about the market. Since an investor can obtain high discounts, these brokering services are very significant.Notice! Your individual trading style will determine which discount stock broker is best for you.#1- How do ...Tips for Online Currency Trading Did you realize that currency trading is the world's largest business? Yes, it's true. Over three trillion dollars worth of transactions take place each and every day in the world's currency markets and online currency trading is now available to everyone.The markets are extremely volatile and fortunes can be won and lost in mere minutes ...
|
