Dear reader,
My trading club (TAC) is a constant source of ideas on how to improve myself and what traders need, difficulties they experience and how can I be helpful to them. Being able to provide the solution to a problem is only half the job though, you MUST identify the problem first of all! I was asked for general tips when it comes to trading, as most articles on the internet on the subject, lacked diversity. They all discuss same questions, over and over again. This article is about 7 Secret Forex Tips i believe are of essential importance to anybody.
In today’s post I want to reveal 3 (out of the 7 in total – read part 2 here) secret tips that you won’t really find on the internet. I have come to these conclusions after years of trading and experience and I strongly believe that, for those of you (especially the beginners) who are still on the road to success, these tips could be very helpful.
These tips are the fundamentals, the foundations on which you should continue building your knowledge and your personality. They could and should be applied to any business and generally in life. I want to make you think like a professional, successful trader, who is already on top. You must accept yourself as one, than your success is inevitable and only a matter of time.
FOREX SECRET TIP #1 – STAY AWAY FROM NEGATIVE PEOPLE
I don’t even know where to start on this one. Let me give you a very simple example of what negativity and bad energy could do to a living organism. Watch the experiment below:
Negativity could be your worst enemy. Negative people around you, have more influence over your life than you could imagine. Some people envy, some people just don’t want YOU to succeed even if they are doing good, and some are just wired this way.
How to spot these “energy vampires” in order to keep distance from them?
For them glass is always half empty, they can’t enjoy small victories and the daily, the routine things that create the big “happiness”. They can’t enjoy and share other people’s happiness. After a meeting with such people you will feel tired and exhausted. We all have these “energy vampires” around us – they are in our office, among our friends, the local butcher, sometimes even in our family.
Try to avoid intended rendez-vous with them. It is impossible to completely cut them off and ignore them but the less contact you have with these guys, the better you will feel.
Many times I hear people saying: “Oh man, i can’t wait for Friday to come and do….”. That’s extremely wrong in my opinion. If you always wait for the weekend to enjoy life, you are in bad risk-reward. You will be happy only 2 out of 5 days, and you can easily make that 1.5 days as once Sunday is past noon you start thinking about Monday already.
You have to teach yourself how to cherish every moment, spread joy around you – it is contagious. You will notice that you start attracting more and more positive people. I can’t really explain how and why but it is true! Try and you will see.
Negative people will always tell you that you can’t do it, that you won’t do it and that there is no reason to even try. IGNORE them. Never ever listen to such statements. Remember that you can do anything and everything you wish you want to do! Just make it your goal and work HARD for it. Trading forex, even though so many people fail, is not an easy job but once you master it, it could be the sweetest job in the world.
- 100% financial independence for you and your family
- 100% location independence
What’s not like? Is it worth working hard for it? – Yes, definitely yes!
Note that this is the first tip i’m giving you for a reason. I believe this is fundamentally important for any person’s success – career wise and in personal life. Now let’s move on to the next one.
FOREX SECRET TIP #2 – NEVER STOP LEARNING
When I was younger I really wanted to make it and this is why i was reading books on successful people! Really anything i could’ve get my hands on. Three things that got stuck in my mind, which at that time I couldn’t realize, were that successful people wake up early in the morning, they are organized and they never stop learning and improving! Never!
Now here is the logic behind. If you run a multi-billion dollar corporation, there are literally billion of things you must take care of on daily basis. However on the other hand, if you get yourself berried in daily tasks and routines you won’t have time to continue improving and stay on top. World is a rapid moving place, and if you want to be one of the best you MUST keep up. Otherwise you will be another analog gadget in a digital world.
So what is the solution?
The recipe for the solution has 2 ingredients: wake up early and be as organized as possible.
That works for me, that works for most successful people in the world and that will work for you too! I promise you.
I’m a father of two and run multiple-online businesses, yet i ALWAYS leave time to keep up with new things in my area of business. I scan for new trends on the market, I follow the financial news and fundamentals in the world, i check for new strategies and methods. I constantly try to improve myself, so I can move FORWARD.
Remember that there are two modes in live: Forward and Backward.
You are either moving forward or you are going back. There is no such thing as staying at the same place. If you stay at the same place, world and people around you, are moving forward which means you are going backwards!
Dedicate at least one hour of your time every single day to improve yourself – mentally! Keeping your body in a good physical shape is another subject – which by the way i also strongly recommend you to do so – strong body, strong mind = successful person. That brings me to the next tip.
FOREX SECRET TIP #3 – TRY TO WORK CLOSELY WITH SUCCESSFUL PEOPLE
Think of it this way. If you go to the gym or do any other kind of psychical training, you can very easily boost your results by simply combining the training with healthy food and healthier life style. Also if you hang out with other athletes you will see a lot better results rather than hanging out with PS 4 gamers, fans of pizza, chips and no exercise whatsoever.
What do I mean?
Jogging will help you lose some weight but if you also cut the coca-cola and switch to plain water, forget about the donuts and sugary snacks in between meals or late in the evening right before bed, stop drinking alcohol in excessive quantities, rather stick to a glass of wine at dinner at most.
Now this will tremendously increase the loss weight and will decrease the time that it will take for you to reach your goal, isn’t it?
Same applies in forex trading and any other business. Working closely with people who have made it already will boost your results. Ask them for advice, and not somebody who only knows things in theory. There are many self-proclaimed “fx gurus” that know forex in theory very very well, but ask them to show you a trading statement and you will hit at rock.
Another reason is making contacts. Believe me, knowing the right people is gold! Pure gold. Once your entourage is made of successful people, want it or not you will start thinking like them. You will start thinking as a winner. I’m even not going to mention all the ideas that people share inside these closed circles.
Imagine some of the big names that have changed and influenced the history of the world, put in a room together. I’m talking about Newton, Einstein, Confucius, Galilei, Elon Musk, Steve Jobs.
Imagine what could these guys invent if you put them in the same room to brain storm. How would the world change if they lived together and worked together for years?
I think you get my point. Surround yourself with people you can learn from and people that can be your role model.
That would be all for Part 1! I hope you enjoyed it. Stay tuned for Part 2 which I will post next week. In a meantime think about what you just read. Don’t jump to the next tab on your browser. Allow yourself 5 minutes and really think about these things.
Yours,
Vladimir
