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

  1. #107
    Banned silenteyes is on a distinguished road silenteyes's Avatar
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    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.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. #106
    Senior Member Nabi Ahmed Gill is a jewel in the rough Nabi Ahmed Gill is a jewel in the rough Nabi Ahmed Gill is a jewel in the rough Nabi Ahmed Gill's Avatar
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    Quote Originally Posted by Ammie View Post
    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 RichPractice 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 dont 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.
    miin na kabi training ke ah or ab to mari adadat ban ge ha ro mari habit ban ge ha trading karana ke or abu to muaja obht sara maza a raaha ha tradign karna main or main na bi tak boht sara profit be gain kar layaia ha mauaj ameed ha ap be achit os successful tradign karta hoon ga or karani be chayia.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. #105
    Member anoha will become famous soon enough anoha's Avatar
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    For me I do not want to be rich from Forex. I just want to I can get a good income each month from forex does not think the richness of it now because I am new in forex and this requires patience and a great experience is not impossible but this is why his time ...

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #104
    Banned netra will become famous soon enough netra will become famous soon enough netra's Avatar
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    Intention in trading of forex should not be because trader want to be rich, but because trader want to earn steady income from online. If trader desire to be rich from forex, then trader must have other means of income and other business. This is because trader will need to re-invest profit gained from forex back into trading. This mean that trader cannot withdraw profit often but must compound it.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #103
    Member yaar is on a distinguished road yaar's Avatar
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    yes it is very difficult to get used to controlling our bad trading habits, not all want to be rich? me too
    but we need the credibility that has no missing

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #102
    Member yaar is on a distinguished road yaar's Avatar
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    have good habits from the beginning of a bad start it was very difficult and sisters, we made ​​and in a difficult position because it makes our own decisions just as well own that will have the risk that
    What's wrong with trying to forward a good and orderly planning is a very good

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #101
    Member joget has a spectacular aura about joget has a spectacular aura about joget's Avatar
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    support from family or closest friends was the impetus for us to continue eager to achieve success. but it is up to you, because you must take the chance or even create opportunities for yourself. therefore, it takes patience and discipline to learn and train yourself to improve your trading skills.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #100
    Senior Member johntra is an unknown quantity at this point johntra's Avatar
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    Learning is human nature. If someone has decided to stop learning, then he is dead. For Trading, we must never cease to learn. A Professional Trader course did not stop to learn, so traders should have the attitude to learn more from a Professional Trader. If he does not like studying, I believe, Trader Beginners will never be a Professional Trader.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. #99
    Member playfx is on a distinguished road playfx's Avatar
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    Quote Originally Posted by newentry View Post
    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
    once we stop learning then at the same time we also stop updating our skills, and this is bad for our future trades. good traders will always need the newest strategies inorder to keep up the changing market. if as a trader we could follow it then the profit will fade from our sight.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #98
    Member marjuck will become famous soon enough marjuck will become famous soon enough marjuck's Avatar
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    we can be profited by forex if we show strong endurance to our trade. discipline trader are more benefited by forex. most of the newcomer losses because of their lack of endurance. we can earn more money if we patience and more careful about our trade.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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