June 2020 – Forex Book: PIPS, Profits & Power

AFFIRMATIONS & FOREX MINDSET MASTERY

Affirmations are what you say and/or write down to create positive statements for FOREX Mindset Mastery. This is to help you create the lifestyle you desire. If your thoughts are holding you back, this article is for you! Become your own BEST cheerleader.

WHAT ROLE DO AFFIRMATIONS PLAY IN MINDSET MASTERY?

So, what role do affirmations play when it comes to MINDSET MASTERY for FOREX? In addition to meditation, affirmations are one of the most powerful tools to prepare the MINDSET for FOREX trading. Affirmations are powerful and influential in behavioral implications. Affirmations can help shape and mold a desired pathway towards your ultimate destination or goal.

Thoughts configure your experiences. Thoughts paint and influence perception, positive attitude and supportive thinking. This attitude supports a planned, positive and prosperous outcome! Studies have shown that the act of choosing positive thoughts (affirmations) has a direct effect on your central nervous system, day to day experiences, choices made, and the interactions with others, all impacting your outlook on FOREX trading and your life.

HOW POSITIVE AFFIRMATIONS WORK

I used positive affirmations to write the book PIP$ PROFT$ & POWER FOREX Mindset Mastery and the matching JOURNAL for FOREX traders. Affirmations create an atmosphere in which a gigantic project can be broken down into steps and made manageable. This project was not meant to be two books, however, after careful consideration about how they could be BEST used, the decision was made to separate them.

Positive affirmations continue to mold my thoughts and behaviors as I write the articles for this blog. The positive thoughts I have, will hopefully be passed on to you. I continue to trade each day and as I do, my affirmations project what I wish my outcomes to be. I am rarely disappointed.

WILL POSTITIVE AFFIRMATIONS WORK FOR YOU?

Practice positive affirmations is no different from trading, exercising or learning a new skill or language. The more you practice the stronger and more efficient your FOREX entries and exits become. The stronger your muscles become as you exercise them. The better the results you will see as the new skill or language is practiced. However, we as humans are always thinking thoughts. If the thoughts are empty, negative or unplanned, the results will be indiscriminate, without purpose and unprofitable.

We must remember that our thoughts are things and they are constantly influencing our present and our future. Positive affirmations repeated regularly allow the human brain to begin to believe them. This practice is growing around the globe as the positive benefits are becoming more and more apparent. Affirmations have also proven to break bad habits, reduce FEAR and erase DOUBT. All of which impair FOREX trading. Strengthen good habits and build Constant Confidence with affirmations for FOREX trading.

WHAT IS THE BEST TOOL FOR AFFIRMATIONS FOR FOREX?

These positive and encouraging statements will help you create the Abundant Gratitude lifestyle you so richly desire. Consider that choosing encouraging supportive thoughts will teach to you better love yourself and provide you with FREE help to reach your ultimate goals.

PIP$ TIP$: Counting PIP$ is different with the Japanese Yen.

PROFIT$ PRO$: Maintaining proper Risk Management is achieved as the balance in your accountgrows. What should be considered when you make a profit?

POWER POINTER$: Starting today, I will use affirmations to MASTER my MINDSET for FOREX trading.

Mindset Mastery: (Question from a customer.) How do you get ready to trade? I use any tools in Mindset Mastery that I need at any given time. I could use my tools. I re-read the chapter on Passion and Greed, in Pip$ Profit$ and POWER FOREX Mindset Mastery and completed Challenge #47. Power word: PASSION. That really helped me.

The genesis and history of FOREX trading on the world markets dates back, to the bartering system. At the same

time Mindset Mastery was born. Inherently, in the bartering system there were issues making payment fair and equal. Some of the early trading tools were the Cowry shells, the Koku which is a unit of rice or a Shekel which is how barley was measured. Coins came onto the trading scene much later.

WHAT ROLE DOES THE GENESIS AND HISTORY PLAY IN MINDSET MASTERY?

The genesis and history of early trading set up the inception of coins, paper money and now electronic monetary exchanges. This evolution occurred because trading was becoming more widely accepted and larger amounts of money were being traded over longer distances all the time. The benefits of using coins was that a uniform weight could be adopted and accepted. Coins were far easier to transport than sheep, goats, cattle, grain or large bags of clanking coins.

Paper currency was introduced by the Chinese during the Tang dynasty during the 7^th century but did not appear until the 11^th century. It was not used in the Untied States until 1690, and this is how the civil war was paid for. The most common issue with a paper currency is that it is easily counterfeited. This problem still exists and men have lost their lives as a result of passing off counterfeit paper currency to this day.

The Gold Standard for paper currency was based on the idea that notes or certificates could be traded as if they were gold. The United States adopted the same world view. In 1913 the U.S. congress created the Federal Reserve to stabilize the prices for gold and currencies. This remained in place until August 25, 1971, when then U.S. President Richard M. Nixon removed the gold standard. No longer would gold back the U.S. dollar, even though the Federal Reserve continues to attempt to stabilize gold and currency prices worldwide.

So, when did MINDSET MASTERY for FOREX start? When the Floating Exchange Rate were created for the FOREX market. This was determined by supply and demand for a specific country’s currency. The U.S., Canada, the current Euro-zone and England all participate. However, ironically, China does not. Understanding the genesis and history of trading should provide knowledge and understanding for FOREX MINDSET Mastery. Knowledge is powerful and influential in behavioral implications and can help shape and mold a desired pathway towards your ultimate FOREX goals.

HOW GENESIS AND HISTORY KNOWLEDGE WORKED FOR ME

I use the GENESIS AND HISTORY knowledge to remind myself how the Federal Reserve regulates the pairs I like to trade. When I wrote the book PIP$ PROFT$ & POWER FOREX Mindset Mastery and the matching JOURNAL for FOREX traders, I was able to incorporate this knowledge in to helping the new trader understand the process.

Knowledge and understanding continue to mold my thoughts and behaviors as I trade and write the articles for this blog. Knowing how the Federal Reserve works can help you make well informed decisions each time the head of this agency speaks. Note that most any move in the U.S. interest rates will be dictated by this body.

WILL UNDERSTANDING FOREX HISTORY WORK FOR YOU?

There is an old saying… When we know and understand our history, we are less likely to repeat it. This is true of poor history, in which people and economies are stressed and fail and of great history where people, communities and countries thrive and prosper. It is also important to remember that decisions made in the past do impact our daily lives. The decisions you make today about FOREX trading will impact your future in trading also. Can your account handle what you are planning to do today if the market goes against your plan?

Practice listening to and learning what the Fed Chair says and how it directly impacts you. It is just like your affirmations. The more you practice the stronger and more efficient your FOREX trading decisions become. The better the results you will see. Soon you will be able to recognize the impact this person and the agency has on the Central Banks, interest rates and how policy is sometimes driven.

WHAT IS THE BEST WAY TO APPLY HISTORY FOR FOREX?

This knowledge of history and understanding that you can watch and be a part of FOREX history every day will help you create the Abundant Gratitude lifestyle you so richly desire. Consider that choosing understanding will also help you pass accurate information on to the next generation of FOREX traders.

PIP$ TIP$: Counting PIP$ should be considered for each FOREX trade.

PROFIT$ PRO$: Don’t let a winning trade turn into a losing trade… waiting for more profits. What should be considered when you make a profit?

POWER POINTER$: Starting today, I will use GENESIS AND HISTORY to MASTER my MINDSET for FOREX trading.

Mindset Mastery: (Question from a seasoned trader) Are you happy with your broker? I had to answer that I do not use a traditional broker. I use a brokering platform. The platform I use can be found here. Use the Password Spartan123! if you are interested in joining me. I love the spreads and the control I have over my account!

I also use any tools in Mindset Mastery that I need at any given time. I re-read the chapter on Mindset Mastery, in Pip$ Profit$ and POWER FOREX Mindset Mastery.

Month: June 2020