Know Your Limits
Most people work better when they have a set goal in their mind, I know that I most certainly do. This goal does not have to be set in stone but something to work towards and aspire to that can be reconsidered as you approach it. When it comes to trading I believe that one of the hardest things to do is to keep your emotions in check. At the end of the day we have to rely on money to keep our heads above the water and so when losing or winning sums of money it is hard to not become attached or emotionally involved. The best advice ever given to me when I was a young, budding trader was ‘know...
Read MoreTrading and Technology
It’s pretty evident while walking the streets of London that the world has changed drastically over the past 10 to 15 years. I’m not going to harp on about how I remember when the first mobile phones were released (but I do, and well). In fact, I think it’s quite astounding how accessible everything has become by carrying a smart phone with you. Back in the day it was hard to get information that you were looking for even using the internet or a library it seemed like such a prolonged process but now everything is available to you with just a few clicks on your phone. In a market as volatile...
Read MoreThe one mistake you make that keeps you from being successful in Forex
More and more people consider becoming traders in the foreign exchange market. Their enthusiasm will soon be diminished due to information overload and early stage losses. Can this be avoided? Many beginners lack a clear guidance during their critical early stages. It is very easy and highly likely to simply get lost in the ocean of knowledge online, since it is hard to evaluate the quality and relevance of the information presented on the Internet, especially as a beginner. So what does a beginner need? Human interaction. It is crucial to find a successful trader who has been through the...
Read MoreTrading in Pairs
Sometimes it’s really hard to get motivated. I think that the majority of us suffer from this lack of motivation from time to time. We all have things that we want to accomplish and we make excuses – there are not enough hours in the day, I was going to do it but then XYZ came up. The truth is if we want to do something we should push and motivate ourselves to do it. Believe me, I understand that it is easier said than done. One of the most underrated and underused ways to get motivated and keep motivation going strong is by taking part in an activity with someone else. You push each other...
Read MoreThe Truth About Financial Freedom
Financial freedom, or financial independence, is generally defined as a person having enough funds to be able to live their life the way they desire without being burdened by financial worry. In this day and age, I believe that financial freedom is more of a mindset – it is about more than having disposable money and it is about more than being rich. Financial freedom is a state of mind that allows us to be carefree and to do the things that we desire and act in a way that truly represents who we are. Everyone seems to be striving to become rich and to score a job with a six-figure salary...
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