It’s Never Too Late To Start

April 3, 2006 on 8:45 am | In Guest Articles | No Comments

Many people never start anything because they think the bus has left them standing at the station.

They think it’s too late for them to jump in the game… any game… and all the good opportunities have already been snatched up by somebody else.

All the good domain names are gone… (wrong!)

All the best businesses have already been started… (nope!)

Traffic is too expensive… (uh-uh!)

It’s too complicated… (negative!)

I don’t have the right skills… (hire someone cheap!)

If only I knew how to do this or that… (so learn!)

If only I knew so-and-so… (introduce yourself!)

I don’t have a list of subscribers… (build one!)

All of these are lame excuses that actually have no basis in reality.

If you want to get in the game online… just do it!

If you want to start an online business… just do it!

If you want to start a newsletter… just do it!

*** Here’s a real “secret,” something I learned about 14 years ago when I was a “green” loan officer at my first mortgage bank:

“The more things change and the faster they change, the easier it is to get into the game even if thousands have gotten in before you.”

Why?

Because when something changes, EVERYONE goes back to square one and has to learn how to deal with the new information that impacts the marketplace.

All you have to do is get in the game, things will change, and you’ll be right up there even with everyone else.

Since things change so fast, the Internet actually makes it easier to start late, catch up fast, and even PASS the “old hands” and established players by adapting to change faster than they do.

The biggest mistake most people make is simply not believing in themselves enough to start… and if you never start, you can never cross the finish line.

But, just by starting…. you are on your way to winning!

Nigel Owen is a 36 yr old Englishman living in North Wales! Married with three children and a highly motivated individual who decided 3 years ago that he should retire at the age of 40. Through Network marketing and the internet he is working towards his goal.

His websites include:
http://makingmoney.isour.biz
http://www.forextrading.isour.biz

Forex Training Follow Your Gut or Your Broker

April 1, 2006 on 8:44 am | In Guest Articles | No Comments

Which way will the forex market move? Do you just follow your gut feeling? Or do you have Neo s sixth sense that would let you be one with the market and feel the underlying currents.

Trading forex is a non stop action movie but a good one, where you really don t know who will win at the end. Every forex trader is trying to predict the winner of his own movie.

The forex markets move fast. Can we understand why they move? Yes, we can but only by having a feeling for the market, the instinct to know in which direction to move. Will our intuition enable us to predict the forex markets every move? Of course not. But understanding what makes the markets move will give the edge in making better trades.

What do we need to know!

- Who trades forex?

Traders, investment funds, corporations, banks and governments.

- Why do they trade?

Traders go for a quick speculative profit. Investment funds avoid risk and follow the long term trends. Corporations are trying to hedge on currency fluctuations. Banks are short term traders, market makers and hedgers. Governments trade currencies to keep there countries markets stable.

Now that we know who the players are we must understand ourselves. As the other players trades will impact greatly on our own. We need to decide on our trading strategy. There are just too many strategies to be covered in this article so please visit Forex Value Guides to for more information. http://www.forex.value-guides.com

But no matter our strategy, we must be disciplined and not let our emotions take over. That is not an easy thing to do when the markets go wild. We need to keep calm to analyze the other players to reach our profit goal.

Don t believe anyone who says trading is easy. You need a lot of will power not to keep changing your mind every minute and sharp analytical skill. Not only to understand the other players but to comprehend world events that have an impact on the markets.

What strategy should you choose? Each trader needs to develop his or her personal approach to the FOREX. Some traders rely solely on technical analysis while others prefer fundamental analysis, but many successful FOREX traders use a blend of both to get a broad overview of the market and for plotting entry and exit points.

There are many valid tools available to recognize market movements. The novice FOREX trader is well advised to study each one individually for getting a working knowledge of their concepts and use. Once one has been understood, keep on using it while studying others. Each method tends to reinforce the others.

David Jones is a freelance writer and world traveler who writes about subjects in which he has a personal interest. Forex Trading

Introduction To FOREX

March 30, 2006 on 8:04 am | In Guest Articles | No Comments

The Foreign Exchange Market, better known as FOREX, is a worldwide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day, and American stock markets exchange about $100 billion a day.

The Foreign Exchange Market was established in 1971 when fixed currency exchanges were abolished. Currencies became valued at ‘floating’ rates determined by supply and demand. The FOREX grew steadily throughout the 1970’s, but with the technological advances of the 80’s FOREX expanded from trading levels of $70 billion a day to the current level of $1.5 trillion.

Who Trades in FOREX?

The FOREX is made up of about 5,000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency. There is no centralized location of FOREX; major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt. All trading is done by telephone or Internet. Businesses use the market to buy and sell their products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.

Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements.

With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots. Each lot is worth about $100,000 and is accessible to the individual investor through ‘leverage’ loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.

Advantages to Trading in FOREX

Liquidity - Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day ensures there is always a buyer or a seller for any currency.

Accessibility - The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.

Open Market - Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time–there can be no ‘insider trading’ in FOREX.

No Commission - Brokers earn money by setting a ’spread’–the difference between what a currency can be bought at and what it can be sold at.

How does it work?

Currencies are always traded in pairs: the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros.

The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction. At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor, and a number of software tools exist to minimize loss.

About The Author:

Ron King is a full-time researcher, writer, and web developer. Visit http://www.forex4u-now.com to learn more about this fascinating investment medium.

Copyright 2005 Ron King. This article may be reprinted if the resource box is left intact.

Adaptation to the Realities of the Market

March 28, 2006 on 8:03 am | In Guest Articles | No Comments

Do you think adaptation to the realities of the market is the most important thing?

Many times in the past I ve written about the need to adapt, the need to be able to change your behavior relative to the market because the markets are ever changing. I ve stated that mechanical systems may be workable, but for only a short time relative to the life of markets. You must learn to trade what you see and to understand what you see on a chart.

When I first began trading there was no such things as futures contracts for foreign currencies. Why didn t they exist? Because there was no need for them! In the 1970 s all that changed when the US dollar went off the gold standard and began to float against other currencies. Following that, the Chicago Mercantile Exchange began to create currency futures to provide a place where currency traders could hedge the risks associated with dealing in foreign currencies. Some of these risks are direct and some are indirect. Direct risk is involved for those who deal directly in foreign exchange. Indirect risk involves companies who export or import and receive payments or make payments in the currency of another country. Ever since currency futures were created, they have been in a state of flux. More recently, for purposes of futures trading, currency gyrations have centered on a massive move away from currency futures to more direct trading in the forex markets. Currency futures, while maintaining their volume and open interest figures, are actually less liquid than they had been previously. Volume and open interest do not reveal the picture of what is happening in the currency futures pits. Volume and open interest levels are being maintained by fewer and fewer futures traders.

In the period from 1992 to the present, we ve witnessed currency futures moving from red-hot to cool and now hot again insofar as speculators are concerned. Foreign exchange, which in 1992 was one of the hottest plays, first turned dull and then back again to exciting. That this has happened can be seen in areas of which most futures traders are ignorant. Five years ago foreign currency traders were being paid huge salaries and anyone with a track record could virtually name his price. Following that, currency traders were no longer in great demand. Now, again, there is a huge demand for successful currency traders. Currency futures are but a small representation of the $1.5 trillion dollar foreign exchange market. Professional currency traders use forex, forwarding contracts, derivatives of all kinds, and the futures pits, to deploy their various trading and hedging strategies. Looking at only the futures is like the blind man trying to tell what an elephant is like by feeling only the tusks.

In past years, foreign exchange desks at banks, insurance companies, brokers, and other institutions were seen closing down and firing hundreds of employees. Today, they are again looking for currency traders. In the 1990s, Midland Bank closed its foreign New York office laying off dozens of people. Frankfurt Bank had pulled out of New York and Tokyo closed down its foreign exchange desk. At that time, the world s largest foreign exchange trader was Citicorp. In the D-Mark alone, they shrank from 39 traders working at 17 different locations around the world to 4 D-Mark traders all working in one room. Keep in mind that these were traders who had been to a greater or lesser extent using the currency futures. The result at that time was that there were fewer big fluctuations in the currency futures than there once were and therefore much less profit.

However, today, just the opposite is happening. Central banks are presently making much greater interventions in the currency markets. They have stopped publishing targeted exchange rates. Such action by the central banks leaves currency speculators at a loss for what to do, and the result has been a huge surge in forex trading. Because today forex brokers abound and are actively marketing the idea of currency speculation, it is having a profound effect on the foreign exchange planning of individuals, companies, and nations.

If some day the major currencies would be the US dollar, the J-Yen and the euro, who would need thousands of traders to trade them? There would be far fewer currency misalignments to provide a basis for trading. But that is not the way the world is moving. The picture I just presented ignores the rise of China as a major economic force on the world scene. Almost certainly, the Chinese currency will become a major trading vehicle. The same is true for other emerging countries. Some of them will no doubt have important currencies from the point of view of world trade. But will these currencies be traded in the futures markets or in forex?

The changes in just this one area currency trading are an example of how things rapidly change and point out the need for traders to adapt. There have of course, been many other changes in recent years. The advent of all-electronic markets has produced markets of a completely different kind. Computers have brought about the ability to trade in various time frames. New exchanges have created new markets and new contracts so many, in fact, that it is difficult to know exactly where to direct ones trading efforts. It is now possible to trade virtually around the clock. It seems that somewhere, some market is trading.

All the best in your trading,

Joe Ross
Trading Educators Inc

Joe Ross has been trading for more than 47 years, and is a well known Master Trader. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.

Joe is the creator of the Ross hook, and has set new standards for low-risk trading with his concept of “The Law of Charts .” Joe was a private trader for most of his life. In the mid 80’s he shift his focus and decided to share his knowledge. After his recovery, he founded Trading Educators in 1988 to teach aspiring traders how to make profits using his trading approach. He has written 12 major books on trading. All of them have become classics and have been translated into many different languages.

Joe holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, VA. Joe still tutors, teaches, writes, and trades regularly. Joe is still an active and integral part of Trading Educators.

How To Handle A String Of Losses

March 26, 2006 on 8:00 am | In Guest Articles | No Comments

Everybody hates to lose and unfortunately no one is blessed with the ability of foresight, therefore losses are an unavoidable part of trading. When we enter a trade we will either be right, or wrong, and even if we broke-even we’d still be classed as being wrong - as nobody enters into a trade just to break-even! When unsuccessful traders encounter a string of losses they begin to engage in self-destructive patterns that help them escape the pain they are experiencing.

In this article we bring to light these self-destructive actions that can help you realize what you are doing before it takes hold of your physical health. If you find yourself already engaged in these patterns hopefully this article can help you to get you back on track as quickly as possible.

The Destructive Patterns

If you find yourself caught in a string of losses or a bad performing week/month be sure to monitor your behavior. It is during this time that you will be at your most vulnerable. You will begin to indulge in activities that at first seem harmless, but upon excessive use (or in time), begin to cause physical damage to your health.

Ask yourself the following question: during during drawdown periods do I find myself over-indulging in these activities:

> Food (especially junk food - eg. chocolate, ice-cream, chips)?

> Sex (includes viewing pornography)?

> Alcohol?

> Drugs (includes excessive smoking)?

> Laziness (find it difficult to wake up in the morning)?

> Entertainment?

All of the above taken in excessive doses can be detrimental to your own physical health (some even in small doses!).

These activities above during your losing period are only covering up the pain of confronting the true issue, and your body tries to rid the emotional pain by trying to “fix” it with physical pleasures. Unfortunately it is going about it in the wrong way, so what should you do?

Firstly… REALIZE WHAT YOU ARE DOING AND STOP IT!

You need to realize what you’re doing and you need to STOP doing it immediately! You can either decide to stop, or you’ll be forced to stop when your body eventually breaks down and prevents you from any form of movement. It will be much more beneficial to you in the long-term if you can decide to stop *NOW*.

Once you have stopped you now need to figure out a way to solve the pain - not by cutting out or neglecting it, but by staring it in the face. Bring your problems out into the light, be honest with yourself. There can be no growth without pain, you are experiencing the emotional pain, now it is time to find the error and therefore your growth.

Begin Your Review

The review process begins in two separate areas: You & Your System. Here are some checklists for you to go through to find out where the problem could lie:

“YOUR SYSTEM” CHECKLIST

> Was your system thoroughly tested prior to trading it (or paper traded if you do not have the capacity to programme your system into backtesting software)?

> Did you test with out-of-sample data?

> Do you even have a system???? If you do not, how do you even know if the method that you are trading is even profitable??

> Is your system’s code correct?

> Did you over-optimize your system? (what have we discussed about over-indulging?)

> Did you paper trade your system prior to placing capital on it?

> Did you trade with a small amount of capital prior to placing the rest of your funds on it?

> Do you know the system’s limitations?

> Did you properly drill your system? (see our blog article on why I am the system designer from hell)

“YOU” CHECKLIST

> Is the current drawdown you are exhibiting with your system normal?

> Are you comfortable with your system’s historical drawdown performance?

> Are you fully aware of the risks involved with your system and the instrument(s) you are trading?

> Are you trading with funds that you are comfortable risking?

> Are you relying too heavily on your performance?

> Have you set realistic goals?

As you can see there are generally two areas that you need to explore: the mechanical aspect - your system - and the emotional aspect - you. Both can be responsible for making the way you feel the way you do. It will either be an error on the system’s side with how the system was tested and/or programmed, or it can be your own psychological profile not being comfortable with the system’s performance.

Your Answers = Change = Your Growth

What steps should we now take? Now that we have begun a corrective process where we have stopped the evil nature of our over-indulging ways to take control we should continue our “corrective nature” by invoking our findings and taking ACTION in correcting our errors.

If the problem was mechanical - fix it, if the problem was emotional either go about setting up new thought patterns, or change your current system. The answers lie in whether you need to expand your knowledge in system development, or whether you need to grow emotionally as a person.

Unfortunately there is no easy road, and even if there was everybody would be doing it. Hopefully this article has made you ponder over some of your behaviors during drawdown periods, be sure to keep an eye on yourself and as always take care of your body, because there’s no use in making all the money in the world when you don’t have the physical capacity to enjoy it.

Ryan Sheehy is the author of http://www.currencysecrets.com where you will find more free articles and resources on forex trading. You can also subscribe for free to their monthly newsletter.

Forex trading for the little guy

March 24, 2006 on 7:44 am | In Guest Articles | No Comments

Since alot of these systems are dealing in Forex, we thought that we should provide a overview of what “Forex” is.

The FX Market Structure

The foreign exchange market is the generic term for the worldwide institutions that exist to exchange or trade currencies. Foreign exchange is often referred to as “forex” or “FX.” The foreign exchange market is an ‘over the counter’ (OTC) market, that means that there is no central exchange and clearing house where orders are matched. FX dealers and market makers around the world are linked to each other around-the-clock via telephone, computer, and fax, creating one cohesive market. Since there is no centralized exchange, competition between market makers prohibits monopolistic pricing strategies. If one market maker attempts to drastically skew the price, then traders simply have the option to find another market maker. Moreover, spreads are closely watched to ensure market makers are not whimsically altering the cost of the trade. Many equity markets, on the other hand, operate in a completely different fashion; the New York Stock Exchange, for instance, is the sole place where companies listed on the NYSE can have their stocks traded. Centralized markets are operated by what are referred to as specialists; market makers, on the other hand, is the term used in reference to decentralized marketplaces. Since the NYSE is a centralized market, a stock traded on the NYSE can only have 1 bid-ask quote at all times. Decentralized markets, such as foreign exchange, can have multiple market makers - all of whom have the right to quote different prices.

Centralized Markets
By their very nature, centralized markets tend to be monopolistic: with a single specialist controlling the market, prices can easily be skewed to accommodate the interests of the specialist, not those of the traders. If, for example, the market is filled with sellers from whom the specialists must buy from but no prospective buyers on the other side, the specialist will be forced to buy from the sellers in be in a situation where they cannot sell a commodity that is being sold off and hence falling in value. In such a situation, the specialist may simply widen the spread, thereby increasing the cost of the trade and preventing additional participants from entering the market. Or, specialists can simply drastically alter the quotes they are offering, thus manipulating the price to accommodate their own needs.

Hierarchy of Participants: While the foreign exchange market is decentralized, and hence employs multiple market makers rather than a single specialist, participants in the FX market are organized into a hierarchy; those with superior credit access, volume transacted, and sophistication receives priority in the market. At the top of the hierarchy is the interbank market, which trades the highest volume per day in relatively few, mostly G7 currencies. In the interbank market, the largest banks can deal with each other directly, via interbank brokers or through electronic brokering systems like EBS or Reuters. The interbank market is a credit-approved system where banks trade based solely on the credit relationships they have established with one another. All the banks can see the rates everyone is dealing at, however, each bank must have a specific credit relationship with that bank in order to trade at the rates being offered. Other institutions such as online FX market makers, hedge funds and corporations must trade FX through commercial banks. Many banks (small community banks, banks in emerging markets), corporations, and institutional investors do not have access to these rates because they have no established credit lines with big banks. This forces small participants to deal through just one bank for their foreign exchange needs, and often times this means much less competitive rates for the participants further down the participant hierarchy. Those receiving the least competitive rates are customers by banks and exchange agencies. Recently technology has broken down the barriers that used to stand between the end-users of foreign exchange services and the Interbank market. The online trading revolution opened its doors to retail clientele by connecting market makers and market participants in an efficient low cost manner. In essence online trading platform serve as gateway to the liquid FX market. Average traders can now trade alongside the biggest banks in the world, with virtually similar pricing and execution. What used to be a game dominated and controlled by the “big boys” is slowly becoming a level playing field where individuals can profit and take advantage of the same opportunities as big banks. FX is no longer an old boys club, which means opportunity is abound for aspiring online currency traders.
Our Basic Rules for High Yield Investment Programs (We have Been Asked ALOT about this)

1. If you can’t afford to lose it, do not invest it. This is undoubtedly the Golden Rule, as no matter how much “due diligence” and research you perform on a program, some will always just disappear, for whatever reason, and when they disappear your money disappears with them.

2. Get your initial investment back out of the program as soon as you can. This way the money invested is pure profit, so it will hurt far less if it disappears. This also frees up your original investment capital to invest in a new program. If a program is going well it will be very tempting to break this rule. We know, and we have and lost because of it. Stick to this rule and you will not regret it.

3. Diversify. Ideally you want only 5-10% of your overall investment fund in any one program, obviously this does take a while to achieve, but is the safest strategy. The tough part is finding enough long standing, stable, paying programs to invest in.

4. If you get scammed just move on and learn from the experience. Notifying the authorities is certainly an option that is open to you and is your choice. The important thing is to work out if you broke one of the basic rules and exposed your capital unnecessarily, i.e. learn from your mistakes and try not to repeat them.

We hope you find these “rules” or tips useful. They are the guidelines that We follow and we have found that We have greatly reduced the number of occasions where we lose money. In fact our greatest losses in HYIP were when we first started and did not understand these rules. We now make a profit.
www.str8junk.com

About the Author

An elite team of regular “Joes’s” fighting back & making huge cash online one day at a time.
dDawg as a team has been able to create a profit on the internet.
http://www.str8junk.com

Time Management

March 22, 2006 on 7:43 am | In Guest Articles | No Comments

Does it ever feel like there is never enough time in the day? Are you always rushing? Do you feel stressed at the end of the day? Do you believe that you are not accomplishing what you hoped? Better time management may be the answer.

Dr. Respect at http://marcusgentry.blogspot.com says we must protect, organize and prioritize our time . If you are having any of the above listed difficulties, then my guess is you are missing at least one of those elements.

Protecting our time is important. We all have the same amount of time in a day. It s what we do with it that is critical. Do you find yourself doing things you really don t want to do or spending time with people who take more than they give? These are examples of not protecting your time.

Your time is your gift to spend, as you will. You can spend it wisely or you can waste it. It s your choice. However, one thing you can t do is get it back to do over again.

Sometimes we all do things that we don t really want to be doing but when we do, it should be in furtherance of a bigger goal that we have. Maybe we don t want to be going to work today but we want to collect our paycheck at the end of the week, so it s something we choose to do to get to the bigger payoff.

However, there are things that we do that just aren t important, don t lead to anything and waste our time. Can you think of any activities that fall into that category for you? Do you know that the average American watches on average three hours of television each day? How is that for a time waster?

I know when I first got my computer, one of the things I unwisely spent my time on was computer games. I don t mean an occasional game here or there. I m talking about an addiction, an obsession—playing solitaire until 2 AM. If I didn t get that under control, I would have not only been wasting my time, but I would have been wasting my life.

I have three general categories for which I like to protect my time. One is for making progress toward my work/life goals. These are the things I do to move me forward in life. These are generally geared toward helping people in some way, generating more clientele, and increasing my revenue streams.

In this category, it is my sincere hope that one day I will have enough income to hire out all those necessary jobs that I don t love to do so that I can focus all my time on the things that are my passion but until that time, there are still things I do to move myself forward that I don t totally love. However, I try to get them done as quickly and as painlessly as possible.

The second category would be spending time with people I care about—those people who nurture me. I protect time for the special man in my life, my sons, my extended family and my friends. There are some people whom I avoid when I am protecting my time. They are the ones who generally take more than they give. Do you have people like that in your life? If they can t be totally eliminated, at least minimize the time you give to these people.

The third category would be simply things that bring me pleasure or joy. There are things I do that I can do alone or with others when I need relaxation. I like to read a good book, watch a good movie, horseback ride, canoe, ski, walk in the woods and something I got to do this weekend—swim. Protect your time so that you get to do the things that bring you joy.

Organizing your time has to do with having a good time management system. Don t wait until something is due tomorrow to start on it. Have a good plan and systems in place so you are in charge of your time instead of your schedule being in charge of you. Learn more about time management systems in our Time Management teleclass.

Another aspect of organizing one s time is maintaining laser-like focus. Did you know that the average person s mind wanders around seven to eight times a minute? Developing good work habits that include staying focused until the job is done is critical to organization.

Prioritizing your time has to do with deciding what s most important. I said I have three categories—goal-oriented actions, time with important people and time doing enjoyable activities. They don t necessarily prioritize in that order.

There must be a balance. I know that when I spend too much time working, I start to feel on edge and tense. This is generally a strong indicator that I need to switch my focus to one of the other areas. A person cannot be in control of their time if all they do is goal-oriented activity. A healthy balance is necessary for good time management and a healthy lifestyle.

To learn about stress management, visit www.Coachingforexcellence.biz and schedule a time management workshop for your workplace or check our events calendar for upcoming teleclasses, chats and workshops.

Time Management

March 20, 2006 on 7:43 am | In Guest Articles | No Comments

Does it ever feel like there is never enough time in the day? Are you always rushing? Do you feel stressed at the end of the day? Do you believe that you are not accomplishing what you hoped? Better time management may be the answer.

Dr. Respect at http://marcusgentry.blogspot.com says we must protect, organize and prioritize our time . If you are having any of the above listed difficulties, then my guess is you are missing at least one of those elements.

Protecting our time is important. We all have the same amount of time in a day. It s what we do with it that is critical. Do you find yourself doing things you really don t want to do or spending time with people who take more than they give? These are examples of not protecting your time.

Your time is your gift to spend, as you will. You can spend it wisely or you can waste it. It s your choice. However, one thing you can t do is get it back to do over again.

Sometimes we all do things that we don t really want to be doing but when we do, it should be in furtherance of a bigger goal that we have. Maybe we don t want to be going to work today but we want to collect our paycheck at the end of the week, so it s something we choose to do to get to the bigger payoff.

However, there are things that we do that just aren t important, don t lead to anything and waste our time. Can you think of any activities that fall into that category for you? Do you know that the average American watches on average three hours of television each day? How is that for a time waster?

I know when I first got my computer, one of the things I unwisely spent my time on was computer games. I don t mean an occasional game here or there. I m talking about an addiction, an obsession—playing solitaire until 2 AM. If I didn t get that under control, I would have not only been wasting my time, but I would have been wasting my life.

I have three general categories for which I like to protect my time. One is for making progress toward my work/life goals. These are the things I do to move me forward in life. These are generally geared toward helping people in some way, generating more clientele, and increasing my revenue streams.

In this category, it is my sincere hope that one day I will have enough income to hire out all those necessary jobs that I don t love to do so that I can focus all my time on the things that are my passion but until that time, there are still things I do to move myself forward that I don t totally love. However, I try to get them done as quickly and as painlessly as possible.

The second category would be spending time with people I care about—those people who nurture me. I protect time for the special man in my life, my sons, my extended family and my friends. There are some people whom I avoid when I am protecting my time. They are the ones who generally take more than they give. Do you have people like that in your life? If they can t be totally eliminated, at least minimize the time you give to these people.

The third category would be simply things that bring me pleasure or joy. There are things I do that I can do alone or with others when I need relaxation. I like to read a good book, watch a good movie, horseback ride, canoe, ski, walk in the woods and something I got to do this weekend—swim. Protect your time so that you get to do the things that bring you joy.

Organizing your time has to do with having a good time management system. Don t wait until something is due tomorrow to start on it. Have a good plan and systems in place so you are in charge of your time instead of your schedule being in charge of you. Learn more about time management systems in our Time Management teleclass.

Another aspect of organizing one s time is maintaining laser-like focus. Did you know that the average person s mind wanders around seven to eight times a minute? Developing good work habits that include staying focused until the job is done is critical to organization.

Prioritizing your time has to do with deciding what s most important. I said I have three categories—goal-oriented actions, time with important people and time doing enjoyable activities. They don t necessarily prioritize in that order.

There must be a balance. I know that when I spend too much time working, I start to feel on edge and tense. This is generally a strong indicator that I need to switch my focus to one of the other areas. A person cannot be in control of their time if all they do is goal-oriented activity. A healthy balance is necessary for good time management and a healthy lifestyle.

To learn about stress management, visit www.Coachingforexcellence.biz and schedule a time management workshop for your workplace or check our events calendar for upcoming teleclasses, chats and workshops.

Where to Get Forex Training

March 18, 2006 on 7:01 am | In Guest Articles | No Comments

For those of you who are interested in forex trading, you may want to start off by getting some good forex training. Forex training is a necessity for anyone with this interest. This is because a lot of money is involved in forex trading. If you don’t get some forex training, you are bound to lose a lot of money.

Some of you may not even know what forex trading is. If you don’t know this, you defiantly need some forex training. Forex stands for foreign exchange. Forex trading is basically the exchange of one countries currency for another countries currency. This is done simultaneously in hopes of gaining a profit.

You can get forex training from several different places. The first place you should get forex training from is online. There are many websites that offer free forex training. The forex training these websites offer is both reliable and accurate. The forex training on these websites often offers a free demo account to teach you how to trade without actually using any real money.

A second place to get Forex training is at your local college campus. Forex training courses at college are usually inexpensive and very thorough. The forex training courses offered should also include hands on experience with trading, to help you get the edge. You can also get some books on forex training or research forex training at your local library. The best place to get forex training is from someone who is already involved in forex trading. The forex training these individuals provide will be more realistic for you and give you different aspects of the forex trading game.

The forex training you get should first start with learning how the foreign trade market works. The trade market is always changing, so you need to understand it first. The second part of your forex training should be about risk control. You never want to invest more than you can afford. The right forex training should teach you how to cut your losses and have less risks of failure. Next, your forex training should teach you how to open and manage a forex trading account. But this should be done with a demo account. All forex training should be done this way first, before you try the real thing.

With all of this in mind, you should be able to find some good forex training. Learn the ropes of forex trading and take the time to learn it well. Be sure to try a demo forex trading account before you start a real account. With the right forex training, you will soon be on your way to a profitable way to supplement your income.

About The Author:

Jay Moncliff is the founder of http://www.forex-center.info a blog focusing on the forex training, resources and articles. This site provides detailed information on forex training. For more info on forex training visit:http://www.forex-center.info

Where to Get Forex Training

March 16, 2006 on 7:00 am | In Guest Articles | No Comments

For those of you who are interested in forex trading, you may want to start off by getting some good forex training. Forex training is a necessity for anyone with this interest. This is because a lot of money is involved in forex trading. If you don’t get some forex training, you are bound to lose a lot of money.

Some of you may not even know what forex trading is. If you don’t know this, you defiantly need some forex training. Forex stands for foreign exchange. Forex trading is basically the exchange of one countries currency for another countries currency. This is done simultaneously in hopes of gaining a profit.

You can get forex training from several different places. The first place you should get forex training from is online. There are many websites that offer free forex training. The forex training these websites offer is both reliable and accurate. The forex training on these websites often offers a free demo account to teach you how to trade without actually using any real money.

A second place to get Forex training is at your local college campus. Forex training courses at college are usually inexpensive and very thorough. The forex training courses offered should also include hands on experience with trading, to help you get the edge. You can also get some books on forex training or research forex training at your local library. The best place to get forex training is from someone who is already involved in forex trading. The forex training these individuals provide will be more realistic for you and give you different aspects of the forex trading game.

The forex training you get should first start with learning how the foreign trade market works. The trade market is always changing, so you need to understand it first. The second part of your forex training should be about risk control. You never want to invest more than you can afford. The right forex training should teach you how to cut your losses and have less risks of failure. Next, your forex training should teach you how to open and manage a forex trading account. But this should be done with a demo account. All forex training should be done this way first, before you try the real thing.

With all of this in mind, you should be able to find some good forex training. Learn the ropes of forex trading and take the time to learn it well. Be sure to try a demo forex trading account before you start a real account. With the right forex training, you will soon be on your way to a profitable way to supplement your income.

About The Author:

Jay Moncliff is the founder of http://www.forex-center.info a blog focusing on the forex training, resources and articles. This site provides detailed information on forex training. For more info on forex training visit:http://www.forex-center.info

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