If you are anything like me, you probably find yourself often thinking of new projects to start, new things to achieve.I did that in my beginning on Internet. That in itself is very beneficial and indeed a required ingredient for success. The
trick is to know where to draw a line.
The trap I kept falling into was hoping and looking for new and better programs all the time,easy to find new once,but i forgot about them the next day,instead of working on the programs you already joined and going for the results there.
I would often actually get dragged into gathering more and more information on new opportunities. I would spend time on eveloping them right then and there. I would be stealing the precious time away from the current project I was
supposed to be working on. Obviously, it was a trap.Be aware of this trap! The current project would suffer, because there is only so much time in a day.No one gets results form Surfing the Internet for "Get Rich Tomorrow "and
thinking,there must be an easier way!There is not,only hard work will give you success.Focus and work on your Business !
Then I would get discouraged with my current project and drop it because I didn't see any results. Think long term!One of my future projects would become my current project for the time being, until I'd drop it in favour of the next project.Its a trap,yes.
This is how most of New to Internet do it!!Dont do the same! Can you see the trap? And it gets even worse: If you keep on doing this for long enough, you will actually program your subconscious mind NOT to complete a project EVER. You will forever keep on failing. Eventually it may even filter through to other areas of your life.I did the same in the beginning,so much waste of time and money!
There is to many Traps out there.It's easy to see how working on your online business can become such a trap quickly. Internet is overloaded with information. I won't even mention the plethora of rubbish that exists online. But there is so much valuable information out there, go and find them,that developing your online business to a profitable stage can take forever, UNLESS you start employing the tremendous power of focus.Its the only way to do it,when you understand this you will get results!
Here is only one way,focus.To be a success in your online venture, you must not be working on more than two projects at a time, EVER. And preferably work on just one project, particularly if you only do your online venture on part-time basis.
And by that I mean, don't get distracted. Don't dilute your precious time. Work on your project, whatever it may be, until completion.Learn the program,take the training section over and over again,until you really know how it works!
Many programs can be difficult to understand,but take your time to understand it!
Learn how to!By all means, plan you future. If you want to work on the future ideas, set an hour per week aside for doing just that. And then each week spend that hour thinking about your new projects, write them down. When the time is up, go back to your current project.
I will guarantee you one thing: If you develop and use the power of focus, your success will get better and better with each project. Thats how i got from not getting any results to see great results every week. Focus.
On the other hand, if you keep falling into the trap of working on too many projects at the same time, the chances are you will get nowhere.
Friday, March 5, 2010
tradeking. currency trading
Forex currency trading has been a hot subject lately. Imagine a business with no employees, no customers, and no inventory; with possibility of reaping great profits every single month, week, or day. It is only you, lap-top computer, and your favorite sofa… Attractive? Sure, but the secret ingredient of success is missing in the formula.
It is estimated that only 5% of retail forex traders have consistently profitable currency trading system. It is usually based on deep understanding of economy (fundamental analysis), awareness of the patterns of market reaction on specific economic events (technical analysis), and proprietary set of "tools and instruments". Clearly, you want to jump in to get your feet wet in forex trading, but what if your toolbox is almost empty. One way to start is to follow professional trader guidance. It does not break your wallet to subscribe to quality forex trading signals (for instance, I offer them free), then test their consistency on your training account and finally apply these alerts for live trades.
I call this "forex news trading alchemy", loosely referring to the clandestine process of transmuting substances of no or little value into pure gold. Economy news that people watch on TV just to have something to chat with their friends later apparently aren't of great value. The very same news disturb currency market, providing possibilities to make money on the market movements and therefore become remarkably tangible. Training and experience is required to interpret news into the trading terms and the final product of such interpretation is called Forex Trading Alert or Signal.
High-quality FX trading signals provide final price projection based on the deviation between prior number, actual number and possible revision combined with support and resistance levels. Timing of the indicator is of crucial importance here as well as the same deviation may have completely different impact on the market. It is advisable to eventually get familiar with these forex technical terms; however generally you can follow the simplified summary explaining optimal trading strategy for this particular news event including entry and exit points and stop loss limit.
Following news trading signals is a good way to reap some profits, but more importantly it is extremely beneficial for the general forex trading education. The trader is able to observe elements of fundamental and technical analysis comprised into the signal that pertain to the certain economic situation. Live trade execution teaches various trading strategies besides educators agree that practice is by far the best way to increase the comprehension level and retain the knowledge. After trade follow up with step-by-step scrutiny is simply invaluable.
Remember, your goal is to establish your very own perfect business by making it into the five percent of successful forex traders. If you read this article, that means you already have computer with internet access. The only thing between you and your dream is that illusive secret ingredient of proper currency trading education.
It is estimated that only 5% of retail forex traders have consistently profitable currency trading system. It is usually based on deep understanding of economy (fundamental analysis), awareness of the patterns of market reaction on specific economic events (technical analysis), and proprietary set of "tools and instruments". Clearly, you want to jump in to get your feet wet in forex trading, but what if your toolbox is almost empty. One way to start is to follow professional trader guidance. It does not break your wallet to subscribe to quality forex trading signals (for instance, I offer them free), then test their consistency on your training account and finally apply these alerts for live trades.
I call this "forex news trading alchemy", loosely referring to the clandestine process of transmuting substances of no or little value into pure gold. Economy news that people watch on TV just to have something to chat with their friends later apparently aren't of great value. The very same news disturb currency market, providing possibilities to make money on the market movements and therefore become remarkably tangible. Training and experience is required to interpret news into the trading terms and the final product of such interpretation is called Forex Trading Alert or Signal.
High-quality FX trading signals provide final price projection based on the deviation between prior number, actual number and possible revision combined with support and resistance levels. Timing of the indicator is of crucial importance here as well as the same deviation may have completely different impact on the market. It is advisable to eventually get familiar with these forex technical terms; however generally you can follow the simplified summary explaining optimal trading strategy for this particular news event including entry and exit points and stop loss limit.
Following news trading signals is a good way to reap some profits, but more importantly it is extremely beneficial for the general forex trading education. The trader is able to observe elements of fundamental and technical analysis comprised into the signal that pertain to the certain economic situation. Live trade execution teaches various trading strategies besides educators agree that practice is by far the best way to increase the comprehension level and retain the knowledge. After trade follow up with step-by-step scrutiny is simply invaluable.
Remember, your goal is to establish your very own perfect business by making it into the five percent of successful forex traders. If you read this article, that means you already have computer with internet access. The only thing between you and your dream is that illusive secret ingredient of proper currency trading education.
tradeking. Expert Advisor
As the Forex market gets more and more attention with the deficit of the dollar looming, so are the Expert Advisors that drive the more powerful players of the Forex game.
Why do 90% of forex traders lose? Traders are humans and like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions) we lack confidence, we have fear of what might happen and most importantly, we are usually (90% of the time) - inconsistent.
Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistantly give away their money to the other 10%. This, together with the illusion of
becoming millionaires overnight trading some "guru's" trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and the so called guru's.
An Expert Advisor is a "robot". Robots beat humans at chess and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain
parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterises most traders.
The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you.
Some quick highlights of the Kiss Trading System:
* Requires no technical indicators
* Uses a "Set and Forget" strategy to free up your time
* Makes only 1 trade per day at the same exact time
* Requires only 3 minutes per day (or less)
* Is fully automated with a metatrader Expert Advisor (EA)
* No losing month for over one year
* Averages +75 to +150 pips per month
* Average returns of 5-25% per month
Why do 90% of forex traders lose? Traders are humans and like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions) we lack confidence, we have fear of what might happen and most importantly, we are usually (90% of the time) - inconsistent.
Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistantly give away their money to the other 10%. This, together with the illusion of
becoming millionaires overnight trading some "guru's" trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and the so called guru's.
An Expert Advisor is a "robot". Robots beat humans at chess and they beat humans at trading. An EA robot will watch the market for you, placing trades under certain
parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterises most traders.
The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you.
Some quick highlights of the Kiss Trading System:
* Requires no technical indicators
* Uses a "Set and Forget" strategy to free up your time
* Makes only 1 trade per day at the same exact time
* Requires only 3 minutes per day (or less)
* Is fully automated with a metatrader Expert Advisor (EA)
* No losing month for over one year
* Averages +75 to +150 pips per month
* Average returns of 5-25% per month
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