Quoting Far From AverageDisliked
1. A good system
2. Proper Psychology/Discipline
3. Money ManagementIgnored
- | Membership Revoked | Joined Oct 2005 | 295 Posts
The framework is there; we just have to work on our frame of mind.
FF "Rags To Riches" Millionaires! 304 replies
2020 Will Be Millionaires! Challenge after 10 years of losing 14 replies
Quoting Far From AverageDisliked
1. A good system
2. Proper Psychology/Discipline
3. Money ManagementIgnored
Quoting Far From AverageDislikedYou need the magic trifecta to succeed:
1. A good system
2. Proper Psychology/Discipline
3. Money Management
None is more important than the others. You need all three, otherwise you'll be like a bar stool with two legs. Don't concentrate on one to the neglect of the others, or you will fail.Ignored
Quoting merlinDislikedthe short answer is yes, you can make 100k/month. i know 3 or 4 traders who do it, and i have read about many more. but dont expect to do it in a year or two, or even three or four. its hard to grasp the reason that this level of trading takes so long to master, the reasons are complicated and i have a hard time articulating it to people. anyone else want to take a shot?Ignored
Quoting accreteDislikedWell if you knew these two "Pros" and their hearts you would know that "Making Money" is NOT what their life is about...Ignored
Quoting Neilg36DislikedHello Accrete,
This would obviously be a wonderful position to be in. However, if you are neck deep in debt and money is your biggest worry in life, it is difficult to imagine having this type of laid back approach.
The question is, how can you achieve that mind set, without having inherited a fortune in the first place?
Neil.Ignored
Quoting MoneyMa$terDislikedNeil,
It's usually many of those in America we refer to as the "lower and middle classes" who love money and feel they can't live without it that end up quite miserable and deep in debt.
For example, using credit to maintain an "image" that one can't really afford, trying to impress family, friend and enemies. How many people do you know who are defined by their externalities such as occupation, the right address, the right club, the proper schooling, yachts, cars, clolthes, etc. etc.?? Actually that's low self-esteem seeking approval and acceptance through possessions.
There is a more excellent way.
An internal peace comes on you when you know yourself and trust yourself enough to pursue and do that which you truly love in life. When you do that, the money will follow you. Even if you accept meaningless, low-paying jobs or work for a blithering idiot on your way to your ultimate goal, that's okay because moving toward that love of yours is part of the process.
Conversely, the love of money is the root of all evil; there is nothing inherently wrong (or right) in having money. But loving money, putting money in front of eveything and everyone else almost always leads to correspondingly high degrees of dissatisfaction.
Don't get me wrong, I like the things money can buy just as much as the next guy. Just keep it in perspective, maintain balance in your life and live from the inside out.Ignored
Quoting MoneyMa$terDislikedThere is a more excellent way.
An internal peace comes on you when you know yourself and trust yourself enough to pursue and do that which you truly love in life. When you do that, the money will follow you. Even if you accept meaningless, low-paying jobs or work for a blithering idiot on your way to your ultimate goal, that's okay because moving toward that love of yours is part of the process.
Conversely, the love of money is the root of all evil; there is nothing inherently wrong (or right) in having money. But loving money, putting money in front of eveything and everyone else almost always leads to correspondingly high degrees of dissatisfaction.
Don't get me wrong, I like the things money can buy just as much as the next guy. Just keep it in perspective, maintain balance in your life and live from the inside out.Ignored
Well ,let me explain something first .
Quoting Mr TrendDislikedIf you spend twenty hours a day trying to learn every indicator and reading every book, you will:
a) Go mad.
b) Not have a girlfriend/boyfriend/spouse
c) Have no life
d) Will not make any money because learning every indicator in the world is the reason why most people lose money.
e) Will become a hermit living on cornbread and beans.Ignored
Quoting sknkDisliked
also neil i dont know that its such a great idea to be trading with a shitload of debt. your head needs to be clear, and i doubt debt would be helpfull in being able to take a large hit, as everyone will do once in a while.
Ignored
Quoting nimakhakiDislikedMy question is:
Can you earn 100 k on month trading forex....
Assume you know everything...
Can you make millions , yes or no??
Thanx for a great forumIgnored
Quoting EnrothDislikedMoney Master I agree 100% that people use material things and titles to make themselves feel valuable. Looking rich and being rich are one thing but feeling rich is what is what is most important.
Wealth is having and doing what you want with your life . If you have what you want and do what you want then you are rich - if not you are poor - there is no dollar figure that makes a person feel wealthy.
Money should be a means to an end - you want money so you can have the life you want. Making money is not the end.Ignored
Quoting diallistDislikedMerlin ol' buddy,
Please don't reveal any names.
I like my privacy.
DialIgnored