GOALS
In this chapter we will cover the importance of goal setting and how it can psychologically affect your overall performance when trading the Forex market.
What are goals?
Goals are considered as set desires regarding results that one seeks or a system visualises, plans and commits to achieve: a personal or organisational desired end-point in some sort of assumed development.
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By making the decision to take this course, you have sub-consciously made the decision to strive for greatness by wanting to become a profitable trader, which in itself is a key goal. Setting goals for yourself is a way to fuel your ambition. Goal setting isn’t just about creating a plan for your life and holding yourself accountable, it’s also about giving us the inspiration necessary to aim for things we never thought possible.
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There are many other key goals which ensure traders stay on the right path especially re-assuring them when the road gets bumpy facing losses. It gives traders a meaning to why they are trading the market; money, freedom and so on.
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Goals allow traders to visualise the maximum potential of their life and living life to your full potential.
Financial Freedom
We have all experienced that Monday morning feeling; working a job you don't enjoy just for the money. A horrible feeling at the time, but it’s just temporary.
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Financial freedom allows us to do whatever we want to do, whenever we want to do it; it allows us to find ourselves and experience our true potential.
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To be financially free it’s important for you to understand it’s a process of growth, improvement and gaining spiritual and emotional strength to become the most powerful, happy, and successful “you” possible. The ability to make life decisions without worrying about financial constraints and the ability to quit the job you despise without worrying about your next pay-check.
Family
To be able to provide for your family is one of the biggest goal’s that should keep your engine going no matter your circumstance. The benefits of being a Forex trader is that you are able to work from anywhere; you are able to spend as little as 4 hours a day trading which will free up a lot of time for your family.
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It’s important to have the freedom to spend quality time regularly with your loved ones, from taking your son to a football match or taking your daughter to a dance class, quality time together will make the biggest difference in their life. Family time is priceless.
Keep Yourself Motivated.
Dream House – One of the biggest and most common life goals is owning that dream house, visualising yourself in that house can be one of the best way to keep yourself motivated and on track.
Supercars/Luxury Cars – We’ve all dreamt of having a super car, it’s important to visualise yourself with these things, once you do this it’s all a matter of following your plan and staying consistent.
Holidays
The luxury of being a Forex trader is that you are able to trade anywhere at any time (apart from Friday 10pm till Sunday 10pm London GMT) which means you are granted the opportunity of generating a great income while potentially traveling the world.
Now ask yourself, when was the last time you treated yourself to a holiday without having to worry that you were spending too much or that you generally can’t afford it. The first step is visualising yourself on that holiday, believe in yourself that this is something that you absolutely can achieve.
Things to do to keep you motivated.
Write down a future plan regarding the cities you would like to visit. Write down when you wish to visit these places and give yourself a deadline for each.
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Keep it realistic. Visualise yourself in these selected destinations, visualise what you will do when you get there.
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The reason we say visualise it, is because if you can visualise it then you can truly achieve it.
Whatever your goals are make sure it motivates you every day to strive for your best; in the forex market and in life itself.
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It’s important for you to have a clear visualisation of your goals and desires for a number of reasons but here are the 4 most important.
1.) It activates your creative subconscious which will start generating creative ideas to achieve your goal.
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2.) It programs your brain to more readily perceive and recognise the resources you will need to achieve your dreams.
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3.) It activates the law of attraction, thereby drawing into your life the people, resources, and circumstances you will need to achieve your goals.
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4.) It builds your internal motivation to take the necessary actions to achieve your dreams.
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