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Archive for the ‘Money management’ Category

 * Contributed  by Investools coach Shay Aslett

crystal-ball.jpg Happy New Year! (Well, it’s only 20% gone – we still have 80% of the year) In this article, I’m going to predict your future and forecast exactly what kind of results you’re going to get in the next 12 months. Sylvia Browne, step aside… I’m pretty good at this.

What if I could take out my crystal ball and predict with 99% precision exactly what kind of results you will achieve with your trading & investing by year’s end?

Well, no problem, I can do that.

I would claim that I have some kind of “gift” for this, but to be honest, you and I don’t need to be psychic to make predictions like these.

There are two things you can always count on: (1) Nature’s laws of cause and effect, and (2) human nature.

On that basis, here are my 20 currency trading & investing predictions for the New Year:

shaysworthy1.jpg I PREDICT that if you can reach into your pocket on any day this year and pull out a card or piece of paper with all you’re currency trading & investing goals written on it in vivid detail, the odds are 95 to 1 in favor of you achieving every one of those goals before the year is out.

I PREDICT that if you focus your thoughts, on your goals and how you are going to achieve them, all day long, you will reach your goals so fast this year, it will make your head spin. “What you focus on expands”.

I PREDICT that if you focus your thoughts on investing woes and trading problems and if you think about what you don’t want, all day long, your problems will get worse than ever this year.

I PREDICT that if you made a new year’s resolution, but you didn’t turn it into a specific, written goal with a deadline and a strong reason why you must achieve it, you will freely abandon it the moment the going gets tough.

I PREDICT that if you can tell me all the reasons why achieving your currency trading & investing goals are important to you, you will be motivated from within to stick with it when the going gets tough.

I PREDICT that at times, the going is going to get tough.

I PREDICT that if you can tell me today what your life purpose is and what is your lifelong vision for your currency trading & investing, you will still be as motivated and driven at the end of the year as you were at the beginning.

I PREDICT that if you don’t have long term goals and a “big picture” vision for your life that you will lose your New Year’s enthusiasm and motivation in a matter of months or even weeks.

I PREDICT that the way you see yourself in your mind’s eye today will be an exact reflection of what you see in the P n’ L column at the end of the year.

I PREDICT that if you have a setback that seems to get in the way of you reaching your currency trading & investing goals and you tell yourself  “this is just temporary; this too shall pass,” then it will pass and it won’t set you back.

I PREDICT that if you believe the way you’re trading today, is out of your control and you feel helpless or powerless to change, you won’t even make much of an effort this year.

I PREDICT that if you accept complete responsibility for the way you are trading today and you believe that you have the power to change, that you will take action and keep taking action, even through the tough times.

I PREDICT that if you’re unhappy with your trading and investing and you say, “it’s not my fault” or you blame it on “the market”, central bankers or news, then your currency trading will look pretty much the same at the end of this year as it did on New Year’s day.

I PREDICT that the more you have patience, a long term perspective and the ability to postpone immediate gratification, the more likely you are to be a success one year from now.

I PREDICT that the more you seek the, “perfect trade”, “hot tip” or “the perfect trading product,” the more likely you are to be a failure one year from now.

I PREDICT that you will be tempted by many, high risk, quick-profits this year.

I PREDICT that if you hang out with losers and negative currency traders this year, you will become just like them.

I PREDICT that if you hang out with winners and positive currency traders this year, you will become just like them.

I PREDICT that you will run into more negative currency traders and losers this year than positive traders and winners.

I PREDICT that if you recruit just one currency trading & investing partner that stands behind you and the trading changes you want to make this year, you will double your chances for success. If you surround yourself with numerous trading & investing partners, you will become virtually unstoppable.

So how does your currency trading & investing future look for the year ahead?

Based on my “predictions,” if it doesn’t look as bright as you’d like it to be, then don’t worry, because a prediction is not predestination.

You can’t do anything to change the past, but by changing your thoughts, attitudes and actions in the present moment, the future is yours to create.

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