Wednesday, May 6, 2009

DO ALL YOU CAN DO...

In reaching your dreams as a normal human, there are plenty of obstacles and challenges along the way that you need to clear out before you can get to to your final destination or goals.

Most of the time, you will probably not reaching there at all especially if your efforts are not supported with proper tools and sheer determination.

What does it take to become successful in anything then?

Regardless of what you are doing at the moment, in order to become successful, I realized that the first thing that you should understand is the overall puzzles that define success in the first place. Most of the time, this is very subjective according to individuals.

Say for example, you want to become a successful forex trader. What does successful means and what does it take to become one?

Base on my understanding and definition on the overall puzzles, successful forex trader means:

A trader who could earn over USD20k average per month and make trading as his full-time career.

Then, in order to achieve the vision that I mentioned above, I listed out all the possible things that I need to do in order to become one. Among the key things that need to be done are:

1. Learn the market basics, terms and definitions.

2. Continuous learning and understanding on what the market is all about... easiest way is through reading.

3. Really understand on how do people make money and lose money here.

4. What risks involved in pursuing my goals in this field

5. Continuously searching and scouting on what do I need to know to become successful.

6. Find a role model and duplicate his technique. If it works, stick to it. If not, keep searching.

7. Develop my own plan according to weeks, months and years to come. What should be achieved by certain period of time should be foreseen upfront in order to accelerate development.

8. Detail course of actions in case things are not going well according to plan.

9. What level of equity is comfortable to me before I can do it full time. This has to be defined now.

10. Read... read... read...

These are only part of the puzzles, the major ones. Of course, if you break it down further, there are numerous things like technical analysis, fundamental analysis, market collective psychology, money management, news etc etc that need to be fully comprehended.

End of the day, all you need to do is just do all you can do to become successful. Most of the time, this is very much depending on your own attitude in perceiving things that you are doing. Success will not come easy, or may not come at all. But knowing that you have done everything you could within your power will provide you with the satisfaction knowing that you have tried your best.

This is more meaningful especially when success shows itself at the end of the day.

But be careful not to define 'try your best' too soon as many people only attempted the tip of the icebergs but claimed they he had done everything he could. Rather than effort, this is more like an excuse for not being successful. Surely you can deceive everyone else except... yourself...


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