"Fx Money Lab Private Limited"

25/03/2015

8 Powerful Questions That Will Change Your Life

Take a look at the questions below and start to make powerful changes in your life:

1.Imagine your life one year from now. If it's the same as it is right now, will you be okay with that?

This question is designed to get you to think about what you're doing now and how you'd like life to be. It puts your current life smack dab in your face and asks you to consider if it is what you want life to be like one year from now. If not, then the question can be a catalyst to change.

2.What are your strengths and what are you good at?

So often when people are anxious, depressed, dealing with relationship issues, or going through a life transition, their thoughts linger on what isn't right, their faults, and perceived weaknesses. Redirecting your attention to what you're good at and your strengths is a powerful step to bring about change.

3.What is truly important to you and what do you value?

Before knowing what you want from your career or relationship, you have to know what you deem to be of great importance and value. For example, in a relationship, one might value good communication, honesty, and shared passions.

4.What are your goals?

Similar to the question above, one must know what they want to accomplish before they can take steps to change. Knowing where you want to go will tell you where to step.

5.What can I control?

Frequently people who worry and who are highly anxious think about things that are way beyond their control. For example, they might check the weather forecast obsessively if they have to go out. Will checking it change the weather? Probably not. Can we really control the weather? No, but we can control how we might dress if it is raining. By directing energy towards what is within our control we'll get to a solution more quickly than if that energy is exerted on things beyond our control.

6.Ask yourself: what's an alternative explanation?

People often jump to erroneous conclusions. They explain away things without any evidence or support for their thoughts. For instance, if your spouse comes home from work at the end of the day and is in a bad mood, rather than personalizing it and thinking that he/she is mad at you, consider alternatives: he had a bad day at work; he isn't feeling well, he is tired. The simple act of not personalizing, but rather, exploring other explanations can help to prevent a lot of anxiety.

7.Suppose I do, then what?

This is a powerful question to ask yourself if you're trying to eliminate an unhealthy behavior. I'll often pose this question to patients who are trying to get past an ex and obsessively check that person's page or other social media. They realize there is no positive outcome from checking. Another example -- someone who might reach for junk food to deal with stress. The question might trigger them to realize how unhealthy the behavior is and lead to exploring more healthy ways of managing stress.

8.If I gave you a million dollars, could you figure out a way to make a change?

Money remains a huge motivator for people and can lead people to dig in deep and think about how they may come up with solutions. Remember when you were younger and your parents offered you a few dollars if you washed the car or did some chores? Without the incentive you probably wouldn't have done it. Well the hypothetical million dollar offer works the same way (of course it's never paid out). It does though trigger a line of thinking that can be productive.
So, next time you feel stumped, stuck, or unsure where to go, ask yourself these powerful questions that will serve as an impetus to change.

18/02/2015

USD/RUB was near 70 when this thread was started. They said it would go to 100. Now its near 60. Not bad for a newly minted reserve currency.

16/02/2015

if you see eurusd 1.1333 buy buy buy

17/11/2014

How to become a millionaire: Here are the 10 steps

1. Follow the money. In today's economic environment you cannot save your way to millionaire status. The first step is to focus on increasing your income in increments and repeating that.

My income was $3,000 a month and nine years later it was $20,000 a month. Start following the money and it will force you to control revenue and see opportunities.

2. Don't show off. Show up! I didn't buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.

3. Save to invest, don't save to save. The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.

4. Avoid debt that doesn't pay you. Make it a rule that you never use debt that won't make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.

5. Treat money like a jealous lover. Millions wish for financial freedom, but only those that make it a priority have millions. To get rich and stay rich you will have to make it a priority. Money is like a jealous lover. Ignore it and it will ignore you, or worse, it will leave you for someone who makes it a priority.

6. Money doesn't sleep. Money doesn't know about clocks, schedules, or holidays, and you shouldn't either. Money loves people that have a great work ethic. When I was 26 years old, I was in retail and the store I worked at closed at 7 pm. Most times you could find me there at 11 pm making an extra sale. Never try to be the smartest or luckiest person — just make sure you outwork everyone.

7. Poor makes no sense. I have been poor, and it sucks. I have had just enough and that sucks almost as bad. Eliminate any and all ideas that being poor is somehow OK. Bill Gates has said, "If you're born poor, it's not your mistake. But if you die poor, it is your mistake."

8. Get a millionaire mentor. Most of us were brought up middle class or poor and then hold ourselves to the limits and ideas of that group. I have been studying millionaires to duplicate what they did. Get your own personal millionaire mentor and study them. Most rich people are extremely generous with their knowledge and their resources.

9. Get your money to do the heavy lifting. Investing is the Holy Grail in becoming a millionaire and you should make more money off your investments than your work. If you don't have surplus money you won't make investments. The second company I started required a $50,000 investment. That company has paid me back that $50,000 every month for the last 10 years.

My third investment was in real estate, where I started with $350,000, a large part of my net worth at the time. I still own that property today and it continues to provide me with income. Investing is the only reason to do the other steps, and your money must work for you and do your heavy lifting.

10. Shoot for $10 million, not $1 million. The single biggest financial mistake I've made was not thinking big enough. I encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.

Apply these 10 steps and they will make you rich. Steer clear of people that suggest your financial dreams are born of greed. Avoid get-rich-quick schemes, be ethical, never give up, and once you make it, be willing to help others get there too.

26/10/2014

Are You Ready to be a Full-Time Forex Trader?

Passion, in its most basic sense, is defined as a strong feeling about a person, thing, or undertaking. It refers to the intense emotion that usually compels you to reach for your goals. As cheesy as this may sound, passion will play a very crucial role in your trading endeavor. How?

For some people who don’t have the passion for it, quitting will become a very welcome thought. On the contrary, those who have their heart in trading will see drawdowns as nothing more than just minor road bumps.

Being serious and passionate about trading is the healthier and more sustainable fire that will help you stick to your decision of going full-time. Despite stacks of losses, you will still trade because you want to. You won’t let your emotions get in the way of you fulfilling your mission of becoming a consistently profitable trader. You will understand that you still need to do what you have to do: update your trading journal, come up with a sensible trading plan, and just suck it up.

You don’t just trade because you know that if you don’t, you won’t have a day job to go back to, you could lose your house, or you may not be able to pay for your kid’s tuition.

So before you take the plunge into full-time forex trading, let me remind you to ask yourself these questions: Do you really want to be a forex trader? How bad do you want to achieve your trading goals? Are you really passionate about trading?

Remember that being passionate does not necessarily mean that you feel intensely positive and eager about achieving your desires. Some say that passion is like an unconditional “yes” to a particular endeavor, no matter how challenging it may get.

If forex trading doesn’t merit an unconditional “yes” for you for now, don’t worry! Passion is not an immediate emotion but rather one that can be developed and that needs to be constantly strengthened. If you feel that you’re not quite there yet, you can still keep learning or practicing on demo to figure out if forex trading is really for you.

23/10/2014

DAMAGE CONTROL...............
Have you ever entered a trade wherein you thought that you have prepared for every scenario only to be blindsided by an unforeseen event? If you have, then you, my friend, have been ambushed by the markets!

Don’t worry! Even the most experienced and seasoned forex traders occasionally freeze when faced with unforeseen events, too. In fact, getting “ambushed” by the markets is almost an everyday occurrence. What separates a winner from a loser though, is how a trader reacts to those unforeseen events.

Studying past price action and forex chart patterns can only go so far in preparing you for surprises. When faced with an event that you haven’t encountered before or didn’t expect, it’s important that you think quick on your feet and make calculated decisions especially when real money is on the line.

You certainly won’t train your mind to react to fear and shock if you just look at the charts. It’s like saying that you can cook a dish just because you read the recipe! In order for you to get used to responding to unexpected events, you first expect them.

Martial arts students usually do well in punching, kicking, and blocking drills while in class. Faced with an actual attack, however, many of the students freeze and are unable to react accordingly. As a result, some still get hurt despite their knowledge of self-defense.

forex market surpriseUnforeseen events could happen just as easily in trading. Let’s say you have entered your orders just before an economic report is released. Suddenly, the report is leaked a few minutes earlier and forex price action goes crazy enough to trigger your orders. Since you didn’t foresee and plan for this scenario, you don’t know how to react and you have no idea how to manage your trade.

If there’s anything common in these two examples, it’s the fact that fear tends to disrupt one’s normal decision-making process. In both instances, the elements of surprise, speed, and violence were present and crippled proper judgment and planning.

As my favorite trading psychologist Dr. Brett Steenbarger mentioned in his book Enhancing Trader Performance, “What we do not envision, we cannot prepare for.” If you don’t take the possibility of market surprises into consideration when training or planning for a trade, you might just end up having a mental block and freezing when one takes place.

Of course it’s not possible to predict every single forex market scenario and determine how you’ll act in each case, but it wouldn’t hurt to try your best to do so. Aside from that, U.S. fighter pilot and military strategist John R. Boyd suggests operating inside the mindset of your adversary by using the OODA (observation, orientation, decision, action) approach. You can apply this to trading by trying to figure out how mobs of traders could react to what’s going on before determining your next course of action.

At the end of the day, it’s all about damage control. Sure, the market came up with something that could potentially screw your trade but always ALWAYS think about how you can manage your risk. If you are unable to pinpoint what’s currently driving the markets, just cut your losses or jump ship instead of crossing your fingers and hoping that the trade will still go your way.

17/10/2014

Buy USDJPY at 105.50 if it comes for a target of 110.5.............500 pips just like that!!!!

14/10/2014

3 Steps to Make it Big in the Forex Market

1. Recognize your fears
The first step, like with all problems, is to recognize and accept that the fear is indeed there. Being defensive or in denial will do you no good, as you’ll ignore the problem. At the end of the day, you will merely end up repeating the same mistakes over and over again.

2. Treat trading as a business
After you accept the fear, you have to learn how to be objective about forex trading and treat it as the serious business that it is. Some months, you may be on a roll and the money will just keep pouring in. Other months however, you may get in a rut and come out with a net loss. You have to accept that this is normal and just the cost of doing business.

3. Stick to what works for you
Next, get back to the basics. Look through your forex trading journal and see what was working for you and what didn’t. Continue to do what was working and change the things that weren’t.

Of course you will never completely eliminate your mistakes, but limiting them and sticking to what initially made you successful will go a long way in helping you cast away the fear.

12/10/2014

Forex in Focus - Raghee Horner 9/29/2014 Register to attend Forex in Focus weekly live webcast: http://goo.gl/7KzUXv

08/10/2014

Pending order should be placed as signal arrives (at "From" time). "Till" time is intended to forced exit. Any open trade is "Filled" when "Till" time is about to be reached. Any pending order is "Cancelled" when "Till" time is about to be reached. Use trailing-stop to maximize profit.

18/09/2014

Money Saving Tips.

Everyone Should Know About These Money Saving Tips from Billionaires

There are plenty of billionaires in this world nowadays, but exactly how they got to that level of financial comfort may surprise you. They are not all the flashy, big spenders we see on many Hollywood tv specials. In fact, many of them attribute their success to living quite frugally. Here are some of the best money saving tips from some of the world’s most wealthy people.

Michael Bloomberg
Net Worth: $34.3 Billion
Stick with what works best for you. Michael Bloomberg is well known as one of the most controversial mayors of New York City, and majority share holder of Bloomberg L.P., an international financial information company. But one thing most people don’t know about Mayor Bloomberg is the fact that for the past 10 years he has only owned two pairs of work shoes. They are both black loafers, and provide the most comfort and functionality for the billionaire. He knows that they are what works best for him and chooses to save his money for other things rather than spend a small fortune on shoes that he will never really wear.

Bill Gates
Net Worth: $79 Billion
Learn from your past mistakes. Making mistakes with money is a common occurrence in life. We all do it, but those of us who ultimately achieve financial success in life not only make those mistakes, but more importantly, they learn from them. Bill Gates, well known as one of the richest people in the world once said, “It’s fine to celebrate success, but it is more important to heed the lessons of failure.”

Ingvar Kamprad
Net Worth: $53 Billion
Avoid unnecessary spending. Ingvar Kamprad, founder of IKEA, believes that some spending is just not needed even if you do have plenty of funds to blow. Like many other super wealthy individuals, he prefers to fly economy class rather than in a private jet. In his memoir, Kamprad wrote: “We don’t need flashy cars, impressive titles, uniforms or other status symbols. We rely on our strength and our will!”

Warren Buffet
Net Worth: $66.1 Billion
Buy a home that fits your needs. Warren Buffet is the classic example of this rule. He still lives in the Omaha, Nebraska home that he bought in 1958 for a mere $31,500. Despite having billions of dollars at his disposal, Buffet finds no reason to live in an enormous mansion just because he can. Instead he is comfortable in his modest 5 bedroom stucco house located in the heart of our nation.

Oprah Winfrey
Net Worth: $2.9 Billion
Find your true passion. This simple tip has paid off big time for Oprah. She has been quoted as saying, “You become what you believe. You are where you are today in your life based on everything you have believed.” Figuring out what you love to do, and then pursuing it with everything you’ve got will often result in the greatest of life’s rewards.

Richard Branson
Net Worth: $5.1 Billion
Set goals and do everything in your power to reach them. British Billionaire and founder of the Virgin Group, Richard Branson once started out with just a list of goals. They weren’t even the most realistic ones, but he set those goals and went for them. Little did he know what his goal setting could one day achieve.

Carlos Slim Helú
Net Worth: $78.5 Billion
Start saving your money early. Carlos Slim, a Mexican businessman who was recently edged out by Bill Gates as the richest man in the world, offers one of the most important tips when it comes to enjoying financial success. Start saving your earnings as early as possible. The sooner you start saving your money and managing it properly, the better off you will be later in life no matter what kind of work you do.

John Caudwell
Net Worth: $2.6 Billion
Use alternate modes of transportation. This English businessman has made his fortune in the mobile phone industry, but that doesn’t mean he finds it necessary to drive around in a flashy car and show off his wealth. In fact, he still enjoys walking, riding his bike and even using public transportation to get from here to there.

David Cheriton
Net Worth: $1.7 Billion
Learn what you can do yourself. David Cheriton was one of the first investors in Google and enjoys quite a nice return on his initial $100,000 investment made in 1998. Yet he refuses to go to a barber and cuts his own hair. Even this seemingly small savings can add up especially when you adopt it to other areas of your life. Just think of how much money you could be giving other people to do things that you are perfectly capable of doing yourself.

Mark Zuckerberg
Net Worth: $30 Billion
Drive a modest card. Even the founder of Facebook lives frugally in many ways. One of which is the fact that he drives a modest, $30,000 Acura, entry-level sedan. He could have any car he wanted to drive him from here to there, or a fleet of them for that matter, but instead he chooses this simple and practical vehicle.

John Donald MacArthur
Net Worth: $1 Billion at death in 1978 ($3.7 Billion Today)
Make a budget and stick to it. MacArthur, who was the sole shareholder of Bankers Life and Casualty Company of Chicago, started his business career off with one small acquisition and then built around it. Despite living in an era that was all about Hollywood glitz and glamour, MacArthur refused to buy into this craze and lived very frugally. He never owned extravagant luxuries, never had any press agents, and kept a $25,000 annual budget.

Rose Kennedy
Net Worth: Unknown at death in 1995
Be creative and look for alternatives in spending. Rose Kennedy is most famous for being the infamous family’s matriarch, but her money saving tactics were quite surprising considering the amount of wealth the family had accumulated. Instead of buying scrap paper reams, she would wait until the end of the year and buy old desk calendars that had just worn out their usefulness. These tended to be much cheaper than the scrap paper, allowing her to save on even the littlest things.

T. Boone Pickens
Net Worth: $1 Billion
Make a shopping list and only carry the cash you need for that list. Oil mogul and billionaire, Pickens always practices one sure way to help save money; he never carries more money in his wallet than he needs. He makes a grocery list before heading to the store, only buys the items on that list, and only carries with him enough money to make that purchase. You can’t spend money you don’t have, right?

Jim Walton
Net Worth: $34.7 Billion
You don’t always need the latest and greatest. Walton, youngest son of WalMart founder Sam Walton, lives a frugal life just like his father always taught him. Despite Walton’s great fortune, he still drives a pick-up truck which is over 15 years old. He realizes that it is better to get all you can out of your vehicles rather than driving around the flashiest or most expensive one you can get your hands on.

Donald Trump
Net Worth: $3.9 Billion
Work hard. Donald Trump attributes all of his success to his work ethic. Many outsiders see Trump as “lucky” in the world of finance, but Trump says that luck comes from hard work. “If your work pays off, which it most likely will, people might say you’re just lucky. Maybe so, because you’re lucky enough to have the brains to work hard!” he says.

Robert Kuok
Net Worth: $11.5 Billion
Seize opportunities while you can. Robert Kuok, the richest man in Malaysia, lives simply by the rules he learned from his mother, to never be greedy, never take advantage of others, and always have high morals when it comes to dealings with money.

Kuok explains that in order to become successful financially, you must be courageous and always seize opportunities as they come your way, even when others doubt your ability.

Li Ka-shing
Net Worth: $31 Billion
Live a humble life. This man’s incredible empire spans 52 countries and employs over 270,000, yet he was a school dropout. He attributes his incredible success to living a life that is humble and simple. When you are just starting out, you must teach yourself how to live off less and adapt to a lifestyle that is appropriate and not spectacular.

Jack Ma
Net Worth: $10 Billion
The customer always comes first. Jack Ma, the founder of Alibaba Group and self-made billionaire, believes that customers should always be priority #1. Behind them comes employees and last in line should be shareholders. Ma believes that a person’s attitude how they live their life is more important than their abilities.

Howard Schultz
Net Worth: $2.2 Billion
Realize that money is not everything. Howard Schultz, Chairman and CEO of Starbucks, stated that a person’s values are far more important than their net worth. He is quoted as saying, “I never wanted to be on any billionaire’s list. I never have defined myself by net worth. I always try to define myself by my values.”

26/07/2014