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

[warnisw]

this article is very good, now you can now why you cheap ea;s or ebooks doesn't work. forex is patience and you need put loads of effort in it, to get results and to get your money doubled. dont believe in luck, you wont be lucky all the time,but go thru every single course about forex you can,

[Maham Gill]

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.

boss mujha lagta ha k trading main ap na boht acha or best profit earned ka ha es lyaa ap ko trading ke boht practice ke ha ap na mujaa lagta ha or ap na trading ka bara main boht achi or best jankari ke ha es laya or ap na boht achi or best post ke ha mara jasa newbie es sa kafi profit earned kar sakta han,

[aarti]

thank you my dear jo app ne itni achi post ham se shre ki hane main to app ko yahi kahoun ga k ager ham forex trading main esi taran se achi habits apnatey rahen to waqi he ham es main kafi profit ho ga

[najaf12345]

hi
i agree with you in forex patience is must and most important thing, if we want to rich with forex then its must we made a trading system that totally
base on a good strategy good money management trading without greed and emotion. if we trading in that way then we will become rich,

[elektra]

I think that the beginning of the road is learning patience and understanding and the search for any new information and learning from the mistakes of others, and this is the way to becoming a successful trader

[jg6073727]

test your self on demo account. if you want trading then open a demo account 1st and then play on demo account at least for 1 month. this will gives you experience. It will help to remove your mistakes

[elektra]

When you are in a trade, you want to think exactly as you would if you didn�t have a trade on. To do this requires a relaxed disposition. This is not a football game. Don�t get psyched up. Relax and try to enjoy it.

[kalponick]

It is good to see that you have gained profit in your trading. Forex trading become so enjoyable when we start hitting the profit again and again. Now you should focus on emotion control and avoid the greed. Less consistent profit is better than high risk trading.

thats true.. making loss always is one of the most horrible experience in forex.. I suffered with this nightmare for the last three years.. But now I started to make medium profits from my trading.. And really life looking good right now.. there is no such of addiction as real money in this world..

[silenteyes]

There is no point trying to force the market to get into a position, wait patiently until the market gives you a strong signal and you will be rewarded.
If you do business based on long-term and following the trend, you can earn large sums of money per month.

The problem with novice traders is that they don't really have the patience, so there is no point that they will be going for long term trading. Regarding making good trades, it is must that we know the right time for entry and exit from the market to maximize our chances of making positive results.

[kaji]

It is good to see that you have gained profit in your trading. Forex trading become so enjoyable when we start hitting the profit again and again. Now you should focus on emotion control and avoid the greed. Less consistent profit is better than high risk trading.

yes, in forex trading the first thing we should do is avoid the high risk in trading. then after that we made ​​a profit target. This is a trading method that prioritizes security ....