If You Want to Be Rich…Practice this One Habit.

[fxlover]

everyone want to be rich in his entire life. but some one reaches his destination but someone are fail to reach. to be a reach is require hard work and luck. if we have strong determination about our work then success will come in one day. by forex trading we can accomplish our desire if we properly know about the trading system.

[rahimlakhany]

Yar ek baat ha k bhai practice makes us perfect but than again no one is perfect so i think its better not to concentrate on one habit. If you really want to get success and become a big trader in forex market I will advice you continue learning process with trading.

[kalponick]

When we want to do this emotionally at that time we fail but if we control our emotions and greed than we can earn quickly with ligit target and somehow manay peoplea re earning big from this market and we also can but for that we need to choose right tools.

Quite agree with you.. That many peoples are already earning real good from this market.. and most of all they can earn every month with their strategy.. but its not like they done it only with their strategy or their tools.. but they do it with their experience and knowledge about this market.. So you need to keep study this market you that you can understand this market better than before..

[riya]

As i think all we demand is patience to get success, instead of earning $1000 in one hebdomad and loosing the close close tell. It is e'er change to move and get the becalm profit and chassis the account for far constituent trading

[shemozz]

Nice article I benefited a lot of it _ I see that Trading in Forex market requires patience and the will and continuing education so that we can achieve the goal and reach it

[100 to 1,000]

this is another good article for us traders especially beginners.
Article lifted straight from Adam Khoo's website.All contents of the original article has remained unchanged.If You Want to Be Rich�Practice this One HabitWhat keeps most people from becoming rich is the habit of wanting instant gratification. Instant gratification is the habit of always wanting to enjoy now and not having the patience to wait for future benefits. As a result, these people spend a lot more than theyinvest. By spending on that new car, new widescreen television set or designer watch they get instant gratification. When it comes to investing in books, seminars, stocks or insurance products, they will think twice as they have to wait for future benefits. It is precisely for this reason that whatever money comes into their hands will soon be frittered away and not multiplied.People who want instant gratification will always look for quick and easy ways of making money rather than building a sustainable business that adds value to (repeat) customers. They tend to cut corners on quality and deliver shoddy products to save money and boost short term profits. As a result, their profits rarely last and they will soon go out of business.At the same time, those who desire instant gratification lack thepatience to allow their money to grow and compound through investing. When they don�t see huge sums of money in a few weeks, they abandon their investments and never get to reapthe benefits. They have no patience to wait for the seeds theysow to grow into huge money trees that bear fruit.You see, there are only two ways you can use your money. You can either spend it or invest it. When you spend $100, you get gratified from whatever you bought but that $100 is gone! You get zero returns. When you invest that$100 in a seminar, books or stock, it will grow into $120, $200, $500 or even $1000, depending on yourrate of return.Delayed GratificationOn the other hand, all millionairesadopt the habit of �delayed gratification.� They have the patience to wait for greater abundance in the future. Whether in business or in investments, you must delay gratification in order tocreate massive wealth.People with delayed gratification invest a lot more than they spend. Again, they know that by spending a dollar, they may feel good for aninstant, but their future wealth willbe destroyed. When it comes to spending money, they are extremely frugal. However when itcomes to investing, they do not think twice about writing a check for a few thousands dollars. They know that through patience, that money will multiply into a future fortune.Millionaires never take shortcuts in business. They always look at giving the best value to their customers, even if it means earning less at present. They knowthat by building their reputation, itwill lead to huge profit streams in the future.I cannot emphasize this value enough because I feel that it is what has really set me apart from all my peers. It is why I earn manymore times than most people my age. You see, when I was in collegeand university, most of my friendsspent their holidays partying and having fun. They experienced instant gratification.Instead of partying, I would spend all my holidays taking up speaking engagements to hone my presentation skills, reading investment books, analyzing company reports and writing chapters of my first book. I knew that by �sacrificing� my immediate enjoyment, the rewards in the future would be tremendous! Sureenough by the time I graduated from University I had streams of passive income from my best-selling book and two businesses that I had set up. I was earning more money than many ofmy lecturers while many of my friends were struggling to get theirfirst job with their first paycheck.Frankly, I never felt deprived. I had so much passion for what I was doing that indulging in drinking and idle lounge-lizard chatter just seemed like a huge waste of time. Nor did I miss social companionship. I had a steady, supportive girlfriend (now my wife), and a core of close buddies in these businesses we ran (and had so much fun and profit), while still studying. In fact a couple of them are still working with me today.Let me give you another example. When it comes to spending money, I am extremely hesitant. Once I saw a mobile phone that I really liked. It was priced at $800. I kept staring at that phone over and over again but eventually walked away. I found it just too painful to part with $800 for a phone. My friends thought I was crazy as I was earning over $1,000 an hour at the time, whenever I spoke. But then again, I knew that the moment I spent that $800, it would be gone!On the other hand, whenever I go to a bookstore, I think nothing of spending $800 buying a whole series of marketing, business and investment books. In fact, I once spent $12,000 attending an NLP (Neuro-Linguistic Programming) training course in the United States, without even thinking twice.Why? Because I know that if I spend that $12,000, the ideas that I get from those books and seminars, when applied, will generate me millions and so they have! But most people do the exact opposite. They think nothing of squandering $3,000 on a ring but think twice before buying a good book for $30! No wonder they are poor! So, develop the habit of delayed gratification � andspend wisely � and you will see your money multiply.

this is a very good post and i agree with most of what you mentioned.
it is true that those who can keep their patience and wait for their big returns will receive bigger satisfaction.
we can see this in real life and real business also.
regarding free information versus paid information such as seminars i also agree because really, not that many professional traders want to share their trading secrets for free because they spend a lot of time, money, energy, and stress to formulate their trading success. just like what we used to hear "you get what you paid for".

[puri]

practice and practice and never think to stop learning and practicing as long as become a trader, and also try to think with clear and see the reality with compare our ability and skill then for it just forget to get the money with faster and become a richman in a night,
but if they want to learn and practice with discipline and patience as good habit then they will achieve their purpose as soon as possible they can

[zahira]

The basic knowledge in Forex trading is compulsory for any newbie. Without any basic knowledge we can not understand that what we perform and where is our goal. The basic knowledge is the most important for every newbie and also basic training is better for the start of Forex trading.

in my experience forex is not device for reach win position or profit much.perhaps more traders are disagree with me but profitable strategy is main successful for traders.tech can just little demand your type of trade on consistency in trade.

[william88]

Yes thats very true if you want to know and understand these market it can only mean one thing, understand what yu want and how you want it, dicipline yourself and make sure that your trading does not affect what you do every day. most people usually have bad trades out of frustration and anger, learn to relax and everything will be all right.

Understand what u want and how u want it.really means a lot..Its not easy to get what u want,without knowing how to get it..Knowing how to get it is the key to achieve what u want..
i do it with reading a lot of books and also trade in demo account,,train my money management and trading psyychology,.I think experience makes us more mature by the time..
SO keep practicing,and have patience

[moonletter]

Yes thats very true if you want to know and understand these market it can only mean one thing, understand what yu want and how you want it, dicipline yourself and make sure that your trading does not affect what you do every day. most people usually have bad trades out of frustration and anger, learn to relax and everything will be all right.

I agree with you that the trader who has always had a big loss is the trader who can not control their anger so that it will always have a sense of revenge, in times of great loss he would not let it go and try to restore the loss on that day, so when people suffered a profit and want to always add the profit to be bigger, this could result in the loss. In forex trading one habit that is necessary habits of discipline in all things....