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September 19, 2010

Personal Development & Improving your Trading!

Category: FOREX,Personal Development – Tags: , – Brett Gossage 8:24 am

Today I found myself reading one of those thin ‘Personal Development’ paperbacks (Which I managed to read in a day or so – quite fast for me!) and one of the ‘exercises’ was the ‘wheel of life’ which is a common theme in these sort of books.

Pick eight facets of your life eg. health; wealth; money; relationship; friendship etc. and score them 0 to 10. I thought this would be a good exercise for a trader, to list eight trading related facets and see where any improvements could be made.

The idea is that you will like to improve the ones which already have a high score, but you should concentrate more on those that have lower scores, for an all-round ‘healthy’ life as a trader.

Some of the areas I thought of were: record keeping/Admin; entry/exit strategies, trading plan, goals, routine etc. To be a good trader, you need to be good in all areas of trading, so this exercise can only be tremendously useful – give it a go!

September 17, 2010

Travel the World whilst FOREX Trading – Bliss!

Category: FOREX – Tags: , – Brett Gossage 11:38 am

This has always been my passion – To be able to travel from city to city and spend a few days in each (or until you feel like a change!) – and supplement your travelling by trading the currency markets.

I’ve just been away on a long holiday over the summer period for my two months per year break and actually appreciated ‘not trading’ for a while.

I was still eager to get back into it when I got back though. It seems like the ultimate freedom, as all you need is a laptop with an internet connection!

The only thing you would need to be careful of is what time zone you are in and so what would be the best currency pairs to trade. You might need to get up early, or stay up late to catch the best, most liquid trading.

I haven’t yet made the first move of taking the laptop on holiday with me, although it could easily be done!