Monthly Newsletter – Forex Psychology with Saira Khalid

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“Most people do not listen with the intent to understand; they listen with the intent to reply.”

Stephen R. Covey

Somehow it is true of the markets too. Most people look at the technical currency analysis with the intent to react not with the intent to specifically make money. The desire however to make money remains constant at the back of their mind, perhaps at all times. I will share in the following segment how to align your desire to your observation so you use a selection process that effectively helps you to make money from this multi-Trillion Dollars business called Forex.  I am a certified trainer in the Demartini method which is designed by Dr Demartini to produce excellence in human behaviour and peak performance. I have developed the following exercise that I believe will support you in becoming more confident about yourself when trading. To support all our graduates I will create this week’s mid-week market focus to support you in implementing this process.

I have used the following 5 step process to shift my focus from outside to within me and every time it has helped me to evolve to another state of consciousness. I trust it will do the same for you.  I suggest that you simply do the exercise till you have a breakthrough!

Step 1:

Clearly and precisely define the character trait, action or inaction you most like or admire about yourself.

Step 2:

As you define this trait concentrate on how specifically you express this action or trait.  Consider location in your mind, distance (far or near).  How specifically you express this trait.

Consider answering the following question technique to get all your answers on paper:

What makes you to admire this trait in you? Write atleast 5 reasons and you can use just 1 word each to express the reason.

What is the positive impact of this trait?

What is the negative impact of this trait?

What other trait is in the way of you expressing this trait consistently.

Who will you be if you dropped this trait completely?

(The last question is the most powerful and impactful of all)!

Step 3: How does this trait helps you in creating wealth from trading?

Clearly and precisely define the character trait again now in relation to making money.

What purpose this trait/ traits serve in your life?

What is the highest purpose it serves?

Step 4:  How does this trait get in the way of you creating wealth from trading?

Who will you be if you dropped this trait completely? (Yes, complete this section again independent of the Step 2 response).

Step 5:

Now that you have completed this exercise close your notebook. Give it 24 hours and visit back.

Read your response.

Visit again in 48 hours. Read your response and then ask yourself the following.

What charge does this trait now have on me?

Do you see it as the most admirable and desirable trait still or do you see it as less desirable or you have been able to drop the charge?

“But until a person can say deeply and honestly, “I am what I am today because of the choices I made yesterday,” that person cannot say, “I choose otherwise.”  Stephen R. Covey

 

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I would love to hear back from you. Visit our Facebook page or write back to me on [email protected]

I want to hear about the Breakthrough you experience within this week.

Keep trading profitably,

Saira Khalid

USDCAD – Daily Chart 

USDCAD – Daily Chart

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