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

[abdul hamid p]

learn and learn again is the good habit to get succeed in the forex business i think. we must treat that this is long term business so that we do learn step by step to become a professional trader

[julianambas]

The fastest way to get rich is forex trading. with very little capital will generate a lot of advantages.
so that it would be picking on us in a failure.
due to the above is definitely wrong
in forex also takes hard work and diligent and thorough in terms of analyzing the way open to get the best position

[naijafx]

Most traders also see forex as a get rich quick scheme, which mostly cause them to ignore money management just to earn quick and easy profits there by making them trade too many lots.

[waleedkhan]

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.

kafi acha thread start kia hai app na aur may app say bilkul agree karta hun agar hum na aik achi trading karni hai tu humaya yah sab chezzon ka khayal rahkana parah ga

[golpo20]

Forex currency trading is actually additional towards the way we see the best facet from the tactic that any of us use to get wealthy by means of Forex currency trading, since merchants which is precisely what it's excellent we usually do not definitely dare to find chance when your being familiar with remains inadequate Forex.

[moonletter]

To rich in Forex it is not possible to overnight . If someone think it is possible to rich overnight he may be loss. It is a better way to practice trading more and more . More we trading more increase our winning probability .If we can control our emotion and greed it is better .

Yes I agree with you, all things there is the process, so if we want to be rich, it takes a relatively long process and require struggle and sacrifice. we have much to learn from the experience of self and others' experiences are used as a reference. there are rich people in a short time, but it is very rare. if we are patient and keep trying it will be achieved wealth through this forex trading.

[nazia]

yes I agree with you and believe it that if you want to be a rich then you should be regular practice on demo account and got experience because practice is so important in forex trading which make you a perfect trader then you should be able to got some thing from trading.

[otongzi]

Thank you friends with the article that you write. at least you can add insight and our knowledge of the forex trading business further. but it all returned to ourselves, whether we can do it ..? because although there are various theories that we studied, but if we can not apply it, then it would seem futile

agree...a lot of knowledge that we can get from other traders or ebook are all great and really help us in studying the forex.but to be successful there many factor other that have to support such trading psichology wich can only be learned through experience not just theory.

[iwan]

Thank you friends with the article that you write. at least you can add insight and our knowledge of the forex trading business further. but it all returned to ourselves, whether we can do it ..? because although there are various theories that we studied, but if we can not apply it, then it would seem futile

[Rizwan]

seedhi see baat hay kay demo may keuun kay asal paisa nae hota
iss liay her koi relax ho ker trading kerta hay. jaisay hi real account
may aata hay to phir tension start ho jaati hay.