THE 8-STEP ULTIMATE TRADING PLAN CHECKLIST

Making an effective trading plan is the number one rule for success as a trader.

A trading plan should detail your motivation for trading, your stop losses, your goals, your risk-reward ratio, which trading strategies you’ll implement, and so on.

Most importantly, a trading plan is designed to change with your needs: as you progress in your trading, you’ll likely find you need to make changes to your strategy, your hours, or your goals.

Make sure you save a version of each plan on your laptop before you begin a new one - this is so you have each document ready to access should you choose to revert to a previous version!

In this blog we will be looking at all the things you should include in your trading plan, and how to make it as effective as possible. Here’s the checklist.

1) Motivation

Why do you want to be a trader?

It may feel ridiculous to write this down at first, but it will help to clarify your reasons for trading in your mind.

Whether it’s earning more income for traveling the world or raising your portfolio to trade full-time, it’s important to write your motivation as clearly as possible to enhance your focus and keep your goals to the forefront of your mind. Be bold!

2) Goals

Make your goals as realistic as possible without losing your ambition. How much do you want to increase your portfolio? Is that realistic in the timeframe you’ve given yourself?

Like your motivation, it’s important to write your goals down to keep them clear. If there’s space, you could even print these to tape above your desk for a little inspirational boost when you need a reminder to keep persevering!

3) Hours to commit

How much time you have to commit to trading will shape your trading plan, your goals, and your style. Will you trade in the evenings, or on your day off? Will you block out time in your Google Calendar every week, or trade whenever you have a spare few hours?

Finding the right hours for you will take time, so many traders find this requires trial and error. This is what your trading plan is for: to keep track of your changing strategies, hours, or stop losses.

4) Risk-reward

Your risk-reward ratio is one of the first elements you should incorporate into your trading plan. Put simply, a risk-reward ratio measures the difference between the profit potential of a trade relative to its loss potential.

So - what should your risk-reward ratio be? It’s a personal choice that will depend on your available capital and how much you are willing to risk, but it’s generally recommended that you risk no more than 1-2% of your capital per trade.

Any more than 4 or 5% is considered high risk, so it’s best avoided if possible! Generally speaking, a good risk-reward ratio is usually anything greater than 1 in 3.

5) Strategy

Which strategies will you implement? Will you use technical or fundamental analysis - or both? Will you try scalping or trend trading? 

Your strategy should match your trading level as well as your mindset: for example, using daily pivots can be suited to a trader of any experience, while scalping is generally better suited to those who are comfortable taking risks.

It’s important to make sure you note down which strategy you’ll be using so that if you need to change it later on, you’ll have a note of exactly what you were doing beforehand.

6) Stop loss

Setting a stop loss - an order placed to buy or sell once an asset reaches a certain price - is a key part of trading as it will help you to minimise and manage your losses.

But make sure you’re strategic here: choose a stop-loss percentage that allows the market to fluctuate day to day while preventing as much loss as possible.

For example, setting a 5% stop loss on a stock that has a history of fluctuating 10% or more in a week would not be the best idea - so make sure what you choose is realistic, both for you and the markets.

7) Capital

How much capital are you willing to put aside for trading?

This can be a tempting one to skip over, but it’s important to write it down as you’ll be far more willing to commit to it. It’s important to be realistic here: only risk what you can afford to lose.

8) Assessment

How will you assess your trading as you go? Once a week? Once a fortnight?

It’s important to reflect on your trading as you go so that you can monitor your performance. What’s going well, and what could be improved? Are the strategies you’re using working for you? Are you willing to invest more capital? Is your risk-reward strategy too high, or too low?

As mentioned above, you’ll likely need to amend your trading plan as you go along, so make sure that once you decide to make some changes you save a version of each plan on your laptop, as you’ll want to refer back to the previous one.

Good luck!

The Short Guide to Billions

We all love a good show. There is nothing better than to relax and have a marathon of your favourite TV series, but guess what’s even better? When a show can teach you things you can use in your life as a trader. That’s when the show ‘Billions’ comes in handy.

CBS’s Showtime TV series ‘Billions’ is back, and it is a wild ride. A must-see for any trader, this show might become your guideline to the Forex slang and main events that might happen any day in the daily life of a Forex broker (some extreme situations excluded, it’s a work of fiction, after all).

‘Billions’ is a story of Bobby Axelrod, a hedge fund king, and his daily fight for success (including legal battles). Is it the most accurate representation of all Forex traders? Probably not. But does this show teach us important things we can use in our trading? Oh, yes, definitely.

If you are watching this show for the first time or you are relatively new to the world of Forex, some terms might be extremely confusing and hard to understand, so let’s take a quick review of the most basic terms you will hear throughout this show.

Billions from A to Z

Alpha: the excess return that a hedge fund gets. You use it to see how well a fund manager performs.

Blue-chip: the most stable companies with an impeccable reputation, known for their stability.

Cut bait: selling all the losing positions and making room for new, potentially much more successful investments in your portfolio.

Dead cat bounce: brief stable point in the price of a declining stock, followed by a downtrend.

Expense account: corporate account used to pay the company’s employees who used their own funds while conducting business.

Family office: a private company that manages the funds of a person, their family and, possibly, of their company’s employees.

Hedge funds: a pool of funds gathered from a high net worth investors used to create a portfolio managed by a tried-party company.

IPO: an initial public offering. When a company goes public for the first time, its shares are available to the public to raise capital.

Lock-up period: a timeframe within which investors cannot sell their shares. This period may last 3 months or longer.

Mosaic theory: an investment method that suggests gathering and analysis of information from different sources to create a strategy for investment.

Non-solicitation agreement: a contract and employee of a hedge fund signs that prevents them from soliciting clients or investors in case of contract’s termination.

Prime broker: an investment bank that offers services to the hedge fund.

Quant funds: an investment fund where statistics is preferred over human analysis.

Rally: an increase in the price of a security over a specific time period.


Spinoff: the new company created after a split of a previous one.


Takeover: buying a majority stake of a company to get full control of it.

Window dressing: selling losing stocks and purchasing strong stocks before the quarterly financial statements. Often used as a deceiving strategy.

‘Billions’ gives us a glimpse of what a life of biggest investors and fund managers is, but it also gives us a chance to learn new things in a fun and entertaining way, so, basically, it’s a win-win situation. Don’t miss the 5th season premiere on May 3, 2020.

How The Gift Of Giving Can Bring You Closer To Success

The gift of giving is perhaps one of the most important things you can do to get you closer to achieving success. It's definitely important to focus your efforts on getting to your goal, but the one problem with goal setting is that you tend to have a "Me" focused attitude. You should focus on the gift of giving, and find a way where you can add value to someone else. Zig Ziglar said it best: "You can have everything you want in life if you will just help enough other people get what they want."

If you want more courage, use the gift of giving and find a way to encourage someone else. If you want confidence, instill confidence in someone who needs it more. My mentor told me a story about how one of his employees developed self-confidence by simply instilling confidence in someone else. In this article, let's call him Amin. When my mentor conducted a performance review, he discovered that Amin lacked the self-confidence to perform his role to the highest standards. He knew that Amin had a great deal of potential, so he decided to help him build his self-esteem and self-confidence.

My mentor knew that pep talks and positive reinforcement were not enough for Amin to boost his self-confidence. He knew that Amin would need to help someone else gain confidence in himself before he could develop his own confidence. So he encouraged Amin to spend some time with someone who lacked self-confidence. Amin knew a friend who lacked confidence. Amin talked to him and found out that he enjoyed rugby, but did not excel in it, so he didn't feel confident in himself. Amin excelled at rugby, so he decided to coach his friend as his gift of giving. After spending time coaching him, Amin noticed that his self-confidence grow dramatically. When Amin saw how his friend grew in confidence right before his eyes, his own self-confidence started to grow because he knew the value he was contributing to his friend's life. Once his self-esteem and self-confidence expanded, my mentor mentioned that his performance increased dramatically.

While it's important to stay focused on your goals and doing everything you can in your power to achieve them, take a step back once in a while and think about what area in your life you would like to develop. Then find someone who needs it more, and helps that person develop in that area. Through that gift of giving, you will see yourself making improvements in that area without even thinking about. Just remember what Zig Ziglar said about helping enough people get what they want first, and then you can have anything you want.

x

Perjalanan

23 Ogos 2015 - Tarikh yang akan diingat sampai bila-bila kerana itulah tarikh aku membuat keputusan untuk berhijrah ke bumi Kuching, tanpa pengetahuan sesiapa pun termasuk keluarga aku sendiri. Bukan sebab ingin membelakangkan mereka, tapi aku sendiri kurang pasti berapa lama aku akan berada di sini. Hanya selepas beberapa minggu baru aku memberitahu mereka.

Terlalu banyak sebab untuk aku meninggalkan bumi Tanah Melayu; terutamanya Lembah Klang. Desakan kehidupan yang semakin menekan aku satu-persatu adalah punca utamanya. Aku dapati KL bukan lagi tempat yang sesuai untuk aku.

Jenayah, ekonomi, perkauman, cinta dan banyak lagi.

Sesuatu harus dilakukan atau aku akan terus hanyut; dua pilihan.

Dalam Islam telah diajarkan agar kita berkelana - untuk menimba pengalaman dan mencari rezeki.

Begitu juga naluri Bangsa Jawa aku juga memainkan peranan untuk aku merantau - sesuai dengan kuatnya Bangsa Jawa ini yang suka berkelana sejak dulu.

Mungkin juga secara tidak langsung aku perolehi dari kesan bermain ragbi; yang telah diajarkan bagaimana untuk berundur seketika bagi mencari jalan dan taktik baru untuk mencapai ke garisan try lawan - objektif.

Dan hari ini, 23 Februari 2017; genap 1 tahun 6 bulan aku di sini. Alhamdulillah; aku merasa tenang. Kedamaian itu ada di sini.

Kenapa Kuching?

Aku jatuh cinta dengan Kuching pertama kali sampai di sini dulu untuk tugasan luar ketika itu.

Cuacanya sendu - tidak terlalu panas. Mungkin faktor geografi Kuching itu sendiri yang dikelilingi hutan dan gunung-ganang, banyak sungai dan berhampiran pantai serta kerap hujan.

Aku suka pantai.

Kuching berhampiran dengan banyak pantai.

Aku rasa luas pandangan bila duduk di pantai.

Tenang.

Sungai.

Kuching punya rangkaian sungai yang banyak dan berselirat.

Niat aku satu masa nanti untuk mempunyai sebuah bot sendiri untuk teroka rangkaian sungai-sungai di sini.

Di sini tiada rasa benci membenci antara satu kaum dengan kaum yang lain. Mereka hidup aman damai tanpa ada rasa sengketa. Tiada rasa kau Cina, duduk meja sana. Kau Melayu, duduk kedai lain. Kau Dayak, jangan masuk sini.

Itu semua boleh terjadi di bumi Malaya kini. Aku tidak tahu kenapa. Tapi tidak di sini dan aku harap keadaan ini akan berkekalan hingga bila-bila. Mungkin juga sikap pemimpin-pemimpin di sini yang tidak suka membangkitkan isu perkauman ketika berkempen politik. 

Ya, aku rasa politik punca semuanya. Politikus yang berkepentingan peribadi.

1 tahun 6 bulan dan aku masih punya banyak sebab untuk terus mencintai Kuching.

Borneo

8 bulan di sini.
Hijrah untuk merubah.
Masih jauh lagi.

10 Reasons Your Second Serious Relationship Is Better Than Your First

They say love can be sweeter the second time around. Could they possibly have it right? It falls to reason that it just may, because even though you may possibly have been hurt immeasurably in your first relationship, that also means that you have learnt things the hard way. And it is only when we experience trying times that we fully appreciate the wealth of knowledge that such circumstances bring.

So even if your first relationship was a cacophony of drama as bad as the Kardashians, you can now say that you have at least, if nothing else, gained an understanding of how to eschew said drama, and steer clear of all sources of it.

Whether your relationship ended on a bitter note or with an entente cordiale the likes of which would put France to shame, you would now have learnt how to approach simple matters pertaining to courtship. So, here are 10 reasons why your first relationship will not only provide you with insight, but also enable your second relationship to surpass the first.

10. Mistakes taught you the lesson they ought to

Mistakes are instructive. Sure, they can feel painful and frustrating, but we can all say without a shadow of a doubt, that mistakes help us grow as a person. For instance, if you were anxiously attached to your partner in your first relationship, you obviously know what not to do now. It is essential to remember that your mistakes do not define you. They only pave the way for a better relationship.

9. You have acquired great personal growth

If your first serious relationship took place when you were in leading strings (you may take that to mean high school) and the second during your wise university years, you need not be told of the personal growth that you would have undergone between this period. But this is still pertinent regardless of your age, because having faced with all the things you don’t want, you now have a clearer idea of what you do want. And knowing who you are and what you want is the first step towards acquiring it.

8. You let the little things go

Oftentimes, in our first experience of a relationship, we either tend to make a mountain of a mole with regards to arguments, or simply abandon hope and succumb to the quiet weight of a seemingly conflict-riddled relationship. When in fact, what we truly ought to be doing is refusing to capitulate and endeavouring to realise the significance of letting the little things go.

7. You’re emotionally balanced

Sure, we have all been forced to contend with that familiar pang of heartache, and been through an experience or two that exemplifies it, but all of that has now made us into an emotionally mature and well rounded individual. Being in a mature adult relationship means that you understand that there are certain things over which you yield no control and thus cannot change, and are therefore, capable of fully accepting said things. For instance, if you know your partner’s past upsets you, then you don’t question them about it. And if you do, then you accept the answer they give you.

6. You’re more pragmatic

After you have weathered the storm and endured the loss of a relationship, you are more realistic and better acquainted with the norms and rules that govern a relationship. This also means that you are privy to the fact that love is not without charge; you have to pay your way by giving a part of yourself every day.

5. The sex is infinitely better

Science has spoken. According to research, women tend to have a better capacity for multiple orgasms with age. As for men? They tend to be less self conscious in bed with experience. So, there really is no getting away from this fact; sex only grows to be finer with time and experience.

4. You know the importance of communication

Our need to communicate with another human being is inescapable. And to be able to articulate our needs and desires is crucial to any relationship. In your first relationship, you may not be recognisant of the craft or importance of good communication with our partner. Discussions pertaining to how the day was spent are not the only things that a good conversation make. According to a research, being able scratch beneath the surface and have in depth conversations makes a couple feel more connected and stimulates the same brain signals as sex.

3. You know honesty is not overrated

Your first time around, you may let your partner get away with concealing aspects of his/her life. You may turn the other cheek while he/she decides to be dishonest with you, whether it is the little things or large ones. But as you advance into your relationships, you learn the anguish and misery that such acts bring. And your second time around, you are determined not to settle for a deceitful partner and relationship.

2. You grasp the significance of commitment

This works in close association with maturity. If an individual is invested in a relationship, he/she will show markedly distinct signs of it. In your first relationship, you or your partner or both may not be fully aware of the meaning of being committed to a relationship. It doesn’t only mean calling when you say you will, or showing up on time to a date; but also seeing your future with each other, and setting up goals to reach that future.

1. You know your worth

You have seen the world, you have come to terms with yourself, and your standards have now been raised. And if, in the past, you settled for less than you deserved, you don’t any longer, because you now know your worth.

source : http://www.relrules.com/10-reasons-your-second-serious-relationship-is-better-than-your-first/

Teknik Forex Sebenar - Suatu Perkongsian Pengalaman

Assalamualaikum dan salam sejahtera,

Agak poyo sedikit posting saya yang lepas yang dibuat dalam bahasa omputeh. Terpaksa buat sebab nak memenuhi requirement google adsense. hahaha.  

Ok. Berbalik pada cerita asal, tentang Teknik Forex Sebenar. Bagi sesiapa yang tak tau apa itu Forex, mungkin akan menganggap forex ni adalah skim cepat kaya atau yang macam MLM nak kena cari-cari orang. Maaf, anda silap kerana forex bukanlah skim cepat kaya, bukan Multi-Level Marketing dan bukan skim kena cari-cari orang. 

Sebelum ini saya beranggapan ramai yang tahu apa itu forex. Rupa-rupanya saya silap sebab baru-baru ni salah seorang rakan saya sendiri mengatakan beliau dah orex ni dan bagi satu website untuk rujukan saya. Bila saya check website tersebut, ternyata bukan walaupun sememangnya website tersebut berasaskan urusniaga forex. Saya cuba bertanya lagi pada rakan saya tadi, rupanya beliau tidak tahu apa itu forex dan join skim tersebut atas desakan sepupu. RM500 dah dikeluarkan dan apa yang boleh dibuat hanyalah mengharap pada pulangan yang dijanjikan di website tersebut.

Sebenarnya forex bukanlah skim cepat kaya. Tak perlu pun nak cari-cari orang suruh join skim untuk buat duit. Tetapi melalui forex anda boleh kaya atau paling tidak pun sebagai pendapatan sampingan, hanya dengan berdagang matawang atas analisis sendiri tanpa perlu mengharapkan orang lain. Tetapi jika anda masih baru, anda semestinya perlukan guidance dan Teknik Forex Sebenar adalah guide yang anda perlukan.

Pakej ebook dan video tutorial yang disediakan oleh penulis amat berbaloi dan lengkap disamping support yang berterusan di group rahsia facebook kami. Ramai yang telah berjaya hanya dengan mengikuti panduan yang diberikan serta tunjuk ajar dari penulis sendiri. Saya ulangi, jika anda benar-benar ikuti panduan yang diberikan.

Saya tak mahu penuhi ruang blog saya dengan screenshot gambar-gambar dan testimoni mereka yang berjaya sebab tak nak nampak macam blog jual barang pulak nanti, tetapi anda boleh melihat screenshot tersebut di web jualan Teknik Forex Sebenar di sini.

Bercerita tentang pengalaman saya membeli pakej ini, pada mulanya saya agak ragu-ragu untuk mengeluarkan sejumlah wang yang agak besar nilainya pada saya, tetapi saya nekad dan percaya untuk berjaya perlu ada pengorbanan (walaupun kadang-kadang tu ada yang saya korbankan itu agak bodoh keputusannya). Hahaha. Atas alasan tersebut, saya beli, saya baca dan fahami apa yang diajarkan. Memang mudah untuk difahami kerana bahasa Melayu santai yang digunakan penulis amat mudah nak difahami. Terasa lebih dekat dan seperti tidak ada gap langsung. Support di group facebook juga amat hebat dan cepat disamping ramai rakan-rakan lain yang membuat perkongsian tentang forex. Oh ya, penulis juga ada membuat kelas tutorial di setiap negeri dan kelas tersebut adalah atas inisiatif pembeli-pembeli ebook ini juga. Hebat kan? Macam suatu keluarga besar sebenarnya.

Di bawah ini adalah preview dari ebook tersebut. Jika anda mahu preview percuma ini, boleh request dari saya.

Jika anda masih ragu-ragu untuk mendapatkan ebook ini, saya akan memberikan anda preview ebook tersebut secara percuma. Boleh tinggalkan komen dan email anda di ruangan komen di bawah jika anda berminat dan saya akan emailkan review tersebut kepada anda secepat mungkin.

Jika anda ingin terus ke web jualan Teknik Forex Sebenar, boleh klik pada banner di bawah.

Kesimpulannya, apa yang boleh saya jamin ialah, anda tidak akan menyesal jika membeli pakej ebook ini dan jaminan pulangan wang 30 hari juga disediakan jika anda tidak berpuas hati dengan pakej ini. Saya sendiri tidak menyesal dengan keputusan saya untuk membeli pakej ini dahulu kerana ilmu yang diberikan oleh penulis amat bermakna dan begitu membantu saya dalam urusniaga forex saya sendiri. Ebook ini juga amat sesuai untuk mereka yang baru ingin bermula dalam forex dan juga mereka yang telah lama berniaga forex.

Kadar trafik untuk web tersebut adalah teramat tinggi buat masa sekarang dan anda mungkin akan mengalami sedikit masalah untuk web tersebut terpapar penuh.

Baiklah, semoga perkongsian yang serba ringkas ini boleh membantu anda.

The All Blacks Guide To Being Successful (Off The Field)

When England face the All Blacks on Saturday, they will line up against statistically the most successful sporting team in human history. New Zealand's win-rate over the last 100 years is over 75 per cent. It's a phenomenal record, and an achievement matched by no other elite team, in any code.

But back in 2004, something was wrong. The 2003 World Cup had gone badly, and by the start of the following year senior All Blacks were threatening to leave. Discipline was drunk and disorderly, and to make things worse, the All Blacks were losing.

In response, a new management team under Graham Henry began to rebuild the world's most successful sporting team from the inside out. They wanted a fresh culture that placed emphasis on individual character and personal leadership. Their mantra? 'Better People Make Better All Blacks'. The result? An incredible win-rate of just over 86pc, and a Rugby World Cup.

In early 2010, I had the privilege of going deep inside the All Blacks camp for five weeks alongside photojournalist Nick Danziger. It was a unique opportunity to study the way the best in the world stay on top of their game.

Here are five lessons in leadership I learnt.

1. Sweep the sheds

Before leaving the dressing room at the end of the game, some of the most famous names in world rugby – including Richie McCaw, Dan Carter and Mils Muliana – stop and tidy up after themselves. They literally and figuratively 'sweep the sheds'.

Former All Black Andrew Mehrtens describes it as an example of personal humility, a cardinal All Blacks value.

Though it might seem strange for a team of imperious dominance, humility is core to their culture. The All Blacks believe that it's impossible to achieve stratospheric success without having your feet planted firmly on the ground.

2. Follow the spearhead

In Maori, whanau means 'extended family'. It's symbolised by the spearhead.

Though a spearhead has three tips, to be effective all of its force must move in one direction. Hence the All Blacks mantra 'No D*******s', a term shamelessly stolen from the Sydney Swans.

The All Blacks select on character as well as talent, which means some of New Zealand's most promising players never pull on the black jersey – considered d*******s, their inclusion would be detrimental to the whanau.

3. Champions do extra

Former All Black Brad Thorn's mantra, 'Champions Do Extra', helped him become one of the single most successful players in rugby history.

The philosophy simply means finding incremental ways to do more – in the gym, on the field, or for the team. It is much like the philosophy of marginal gains used by Team Sky.

A focus on continual improvement, the creation of a continual learning environment, and a willingness to spill blood for the jersey was at the core of Graham Henry's All Black culture.

4. Keep a blue head

Following their arguably premature exit at the 2003 World Cup, the All Blacks worked with forensic psychiatrist Ceri Evans to understand how the brain works under pressure. They wanted to overcome their habit of choking.

'Red Head' is an unresourceful state in which you are off task, panicked and ineffective. 'Blue Head', on the other hand, is an optimal state in which you are on task and performing to your best ability.

The All Blacks use triggers to switch from Red to Blue. Richie McCaw stamps his feet, literally grounding himself, while Kieran Read stares at the farthest point of the stadium, searching for the bigger picture.

Using these triggers, the players aim to achieve clarity and accuracy, so they can perform under pressure.

5. Leave the jersey in a better place

The All Blacks have long had a saying: ‘leave the jersey in a better place’. Their task is to represent all those who have come before them – from George Nepia to Colin Meads, Michael Jones to Jonah Lomu, and all those who follow suit. An All Black is, by definition, a role model to schoolchildren across New Zealand.

Understanding this responsibility creates a compelling sense of higher purpose. It's a good lesson for us all: if we play a bigger game, we play a more effective game.

Better people make better All Blacks – but they also make better doctors and lawyers, bankers and businessmen, fathers, brothers, and friends.

by James Kerr

source : http://www.telegraph.co.uk/men/active/10427619/The-All-Blacks-guide-to-being-successful-off-the-field.html

Teknik Forex Sebenar 5th Edition Will Be Relaunched on 18th November 2013!!

Good news for you. If your really want to learn forex from the best forex Guru in Malaysia, Singapore, Brunei and Indonesia, you have the chance to learn with Teknik Forex Sebenar (TFS) courses and forex ebook written by Khalid Hamid.

Further information will be given in the nearest period of time. For present, you may download the FREE preview of the ebook here.

Teknik Forex Sebenar (TFS) Secret Group in Facebook

This is the secret weapon of many traders who bought the TFS. They gained access to a secret group in TFS.

What is the best thing being in this group?

This group is the secret weapon for the TFS buyers. The after sales support from the writer himself specially for you. This group is also as an additional support beside from the ebook and the tutorial video included in the package. Should you need additional advice, you may ask the experience traders in the group. The respond and guide are brilliant, with accurate forex analysis (Disclaimer: Trade at Your Own Risk).


As an additional, Khalid Hamid often give updates and his thoughts in this group. For a newbie like me, it can be a very satisfying advice from the Guru himself, Khalid Hamid. Let us look at one of the posts made ​​by Masta Khalid in the group:

You will only get this kind of feedback if you BUY Teknik Forex Sebenar. All buyers will be given a FREE pass to join this FB's Secret Group.

I'M INTERESTED!! WHERE TO BUY?

Sorry guys. Teknik Forex Sebenar is currently still close and will not receive any order until the opening day (18th November 2013). But you may view the Teknik Forex Sebenar website HERE. (if you can't wait any longer. :D) or you can click on the banner on top of the sidebar.

You may contact me should you need any advise or assistance.

Have a blast day ahead!

Change Is Good

Somehow the thought of any real change causes a tightening in your chest, a lump in your throat and a burn in your stomach. Why? Change evokes fear automatically as a human response.

Since the beginning of time, mankind has grappled with change. We all know stories or have loved ones or friends who are so rigid in their thinking that even the most minor deviation from their daily routine sends them into a tailspin.

But change is good! Not for the sake of change, but because it shakes things up, allows you to broaden your scope and opens your mind to possibilities that were never apparent.

Resisting change causes a great deal of stress and can be extremely uncomfortable. But continuing to resist inevitable or positive change immobilizes people and their ability to perform their work at a high level. Some very smart and seemingly successful people have failed for this reason alone.

What can we do? Try this. Every time someone presents you with an opportunity for change or a new set of circumstances hits you square in the face and does not give you a choice, stop, relax and do not resist. Simply be with the news for a while. After all, the change is not usually going to occur instantaneously. I call it the 24 hour rule. See how you feel 24 hours later. By then you have had time to digest the information, visualize what aspects of your daily routine and life it will affect and then purposely look for ways that it could actually be a good thing. For with every change, even when it is perceived as bad, there is always something there that will propel you positively forward if you will let it.

Turn your fear of change into your love of improvement!

*source - http://www.getmotivation.com

The Secret to Personal Change

Most people want to change something about themselves. In this country we have an optimistic tradition about "getting somewhere" and "reaching higher," which includes getting somewhere with the self. Change and optimism go together. It seems, in the current economic downturn, that optimism is lagging, but there's still a strong motivation to succeed, which means overcoming obstacles. Many, if not most of the obstacles that people face in their rise to success, are personal. Which is why almost everyone wants to change a habit, a personality trait, a chronic state of anxiety, and so on.

The problem with personal change is that if you attack your old habits directly, the task is quite difficult. The mind that desires change confronts the mind that is bound by old conditioning. The result is inner conflict, with one side pushing and the other side resisting. Countless people feel trapped inside this war, whether their goal is to stop overeating, manage their anger, become more assertive, or stop being fearful - the desire to change isn't enough, and keeping up the motivation to change soon wears out.

The secret to personal change is to stop fighting against yourself. If the inner war was winnable, you'd have won it long ago. I'm not advising you to give up. Giving up takes you out of the war zone, but that's not enough to create positive change. Your brain is still trained to follow the pathways set down by habit and conditioning. This is where the secret to personal change comes in. Change occurs by giving the brain new pathways. Without these new pathways, your default reactions will remain in place. Brain wiring isn't the same as house wiring. Even if you are "wired" to overeat or to lose your temper quickly, these reactions can be over-ridden.

The process has a few steps that need to be repeated anytime you find yourself having a familiar, undesirable reaction.

1. Notice what you're about to do.

2. Pause, close your eyes and wait until the surge of your reaction quiets down.

3. Ask yourself if you really need to react this way.

What you're doing with these steps is bringing in the higher brain, which is the only part that can decide to change and then carry out the change. The part that keeps you from changing is emotional and impulsive - in other words the lower brain. The lower brain has quicker access than the higher brain, which is why you jump when you hear a car backfire and only seconds later make the decision that you are not in danger. Survival impulses like hunger, aggression, and fight-or-flight aren't stronger than reason; they are just faster and thoughtless.

By pausing and waiting for the surge to pass, you give yourself time to do the things that the higher brain is expert at: considering, reflecting, weighing options, etc. But here comes the tricky part. If you have given in to impulse and habit many times, ignoring the choices available to your higher brain, grooves of habit become the path of least resistance. In a word, the more often the lower brain is favoured, the weaker your decision-making becomes. That’s why over-eaters feel helpless to change their eating habit. They aren't hungrier than other people; they've weakened their other choices.

So your campaign, whatever kind of change you are aiming for, is to take back your power to choose. You must do this over and over. Only repetition can rebalance your brain, allowing stronger pathways to be built and older grooves to wear out. Besides the three steps given above, the following are also very useful.

- Write down how you feel.

- Make a note whenever you make a better choice.

- Appreciate your good choices and celebrate the fact that you made them.

These additional steps reinforce higher-brain awareness. They reconnect you to your emotional brain and teach it to see that it doesn't feel good just to overeat, lose your temper, or act aggressive. It feels just as good to make a better choice. Celebration, which many people leave out, reinforces the positive emotional side of making better choices. When you put all these steps together, they make change possible, not by fighting against yourself, but by adding the fulfilment of knowing that you are the author of your own life story and can turn the plot in any direction you want.

Delaying Gratification - 5 Tips on How to Delay Gratification

One of the hardest things to do for most people is delaying their immediate gratification. We live in a society where we want everything and we want it now, without much consideration to its future impact. This attitude is learned from a young age where kids want things immediately and parents more often than not give in. However being able to delay immediate gratification has a direct impact on our success in life, and not just financial, but in all aspects of life. By now you might know that besides finance my other passion is psychology (not surprising since I studied it for 4 years) and one of my all times favourite study is the Standford Marshmallow Test. If you are not familiar with the test here is a quick summary.

"Years ago, psychologist Walter Mischel conducted an experiment on a group of four-year olds. Each child was offered a marshmallow, and was told that they could have it now, or if they could wait several minutes, they could have two. Some children grabbed the marshmallow on the spot but many of them were able to hold off. The interesting part of the study was that Mischel followed up on the children as adults and he discovered that those who didn’t eat their marshmallows that day were generally more self-motivated, successful in school and considered emotionally intelligent. On the other hand those who simply couldn’t wait generally had low self-esteem and had suffered in school, branded by both their teachers and parents as being stubborn, envious and easily frustrated"

This study has been replicated by David Walsh Check out this YouTube clip. There is a very strong link between delaying gratification and success in life, the earlier we learn this skill the better off we will be. However it is never too late to learn how to delay your immediate gratification; here are some tips that can help you along the way.

1. Make an Advance Decision and Know What You Want

Get your decision in writing. Try to be as detailed as possible about your decision as well as the expected outcome. Sometimes it can be hard to say NO to things, you have to have a clear picture of what you want in order to resist the urge.

2. Know what is Important to You- Know Your Values.

In order to be able to delay immediate gratification you need to know what is important to you, what do you value to most? Is it the satisfaction of owning a brand new car or that you own a pre-owned car debt free? Know your values.

3. Have a Plan

I don’t think that every aspect of one’s life should be planned out in detailed but in order to reach your goals, whatever they maybe, you need to have a plan. You should have a financial plan to reach your financial goals, a career plan to reach your career goals etc. If you have a plan it becomes easier to resists the urge of immediate satisfaction, you may be more conscious of your behaviour and how they fit in your plan.

4. Prioritize

Have clear priorities in life this can be financial priorities or just general priorities in life, such as school comes before entertainment, family before friends etc. Having clear priorities will go a long way in delaying gratification.

5. Reward Yourself

If you have long term goals, I highly recommend you set-up some short term goals and reward yourself for reaching them. Sometimes it can be very difficult to keep focus on long term goals if we don’t see some rewards, giving yourself small rewards can be very powerful.

Delaying gratification is not an easy task, but it is something that can be learned over time, following some of these steps will help you in the process. However do not stop at these there are tones of resources online on this topic take some time and go through some of them.

*source : http://financialhighway.com/delaying-gratification-5-tips-on-how-to-delay-gratification/