Indeed, you really do need to hone your skills at self-discipline and become a virtual Zen Master if you truly want to succeed in the fluid Forex market. Trading 24 hours per day (the market does close from Friday afternoon until Sunday) thanks to a network of inter-linked computers in financial institutions around the world, the Forex market is by far the largest and literally dwarfs the commodities and futures markets. Nearly 1.8 trillion dollars change hands each day and you can profit from the interchange of currencies—if you can control the four most dangerous emotions that tend to cloud judgment and cost you profits. These four emotions include:
• Greed
• Fear
• Hope
• Faith
With the right investment strategy, the Forex market can certainly be very profitable but greed is always a factor in any human endeavor—especially investing. Greed causes perhaps the greatest problem when it comes to investing in the Forex—overtrading. When an investor overtrades, there is a greater potential to risk too much and enter too late in the trend. Back testing should identify trends and help you determine whether the window has already passed so be sure to stick with your investment strategy and remember that the market is always right—greed can cloud our judgment quicker than anything else but self-discipline and homework can help you maintain focus and profits.
Fear is another emotion that has helped drive the markets from the very beginning and will surely continue to do so in the future—predictably. Fear always leads to panic selling but the market will always correct itself. The best way to combat fear is to learn and understand how the emotions affect the markets and then identify long term trends. These trends will help you plan the best investment strategy so that you can maximize profits but you need to have patience and look at what your charts are telling you.
Hope is something we all need but it can definitely cause some mistaken investment decisions—especially when it comes to staying with a position too long. Exit points exist for a reason so stick with them because the numbers don’t lie—period.
Unfortunately, we can sometimes have too much faith in our numbers. The short term trend can look fantastic and cause us to invest before we have properly researched all the facts—like the long term trends. If these two trends do not agree with one another, it is probably a bad idea to invest in a position.
The market may be driven by emotions but it can also be predicted—because it has ALWAYS been driven by the same four basic emotions. To keep your head in the game, the profits up, and your analysis accurate—use these simple tips:
• Block out noise—short term factors can affect long term profitability if you make rash investment decisions
• Look at what the charts are telling you—the charts are your lifeblood so never ignore what they are saying because the market is always right and ego investing will kill any great strategy
• Stick to investment strategy—this does not mean ignore the charts…simply continue to back test and refine analysis of charts to improve a strategy where the results have not been panning out as planned
You don’t actually have to be a Zen Master to be successful on the Forex market. However, you do need to understand that there is a psychology to investing and that emotions are very powerful forces in any investment market—especially the very fluid Forex. A good investment strategy will consistently produce profits over the long term if properly followed so be sure to control your emotions, do your homework, and stick with your plan—and the pieces will fall in place.
The GRE Registration is offered year-round.The most convenient way to register is online at The GRE Website, or you can call (1-800-GRE-CALL). You can also register by mail. In order to register by mail, you will need to complete Authorization Voucher Request Form that can be downloaded from www.gre.org. or visit Psychology Graduate School Search.
Reading aloud may be the single most important activity parents do with their child.
That’s because a child who is read to is more likely to enjoy reading and will want to learn to read. Once a child becomes passionate about reading-he or she will have the opportunity to enjoy a lifetime of learning.
According to Dr. Andrea Pastorok, education psychologist for Kumon Math and Reading Centers, reading aloud stimulates the brain and serves as the foundation for literacy development.
Studies show that the more a person reads, the better he or she becomes at it and students who read the most are more likely to stay in school and experience academic achievement.
Dr. Pastorok recommends these tips to make reading aloud fun and interesting for your children:
1. Begin reading aloud to your child as soon as possible. Reading to infants helps them develop a sense for the rhythm and pattern of language.
2. Remember, the art of listening is acquired. It must be taught and cultivated gradually. Read slowly enough for your child to build mental pictures of what he or she has just heard.
3. Reading aloud helps children develop their imaginations and creativity. Looking at illustrations also encourages an appreciation of art.
4. If chapters are too long for one reading session, find a suspenseful stopping point.
5. Use plenty of expression when reading. If possible, change the tone of your voice to fit the dialogue and adjust the pace of your voice to fit the story.
6. Avoid long descriptive passages until the child’s imagination, vocabulary and attention span are capable of handling them.
7. Unusually active children may find it difficult to sit and listen. Paper, crayons and pencils allow them to keep their hands busy while listening.
8. Encourage conversation about what is being read. Foster a child’s curiosity with patient answers to their questions.
9. Remember to set aside regular reading times each day for your child to read on his or her own.
Dr. Pastorok is an educational specialist with Kumon Math and Reading Centers. She has a doctorate in educational psychology, a master’s degree in counseling psychology and more than 30 years’ experience working with children.
The GRE Registration is offered year-round.The most convenient way to register is online at The GRE Website, or you can call (1-800-GRE-CALL). You can also register by mail. In order to register by mail, you will need to complete Authorization Voucher Request Form that can be downloaded from www.gre.org. or visit Psychology Graduate School Search.
How good do you really think of yourself mentally? If you ask yourself if you are intelligent, do you answer with a nod and a smile, or with an ashamed “maybe”? In answering this question, you should know that there are a lot of things to consider, and your IQ score is just one of those. The reality is that if you think of yourself as better, your brain will perform better.
Your outlook and perspective on things like this will definitely influence the performance of your brain. If you really believe that you are good enough, then your brain may just start performing to level with your expectation. Some may say that basic intelligence would never change after the childhood stage of your life, but then there are still some who believe that psychology has an influence in this.
The Influential Psychology in Brain Function
You may have heard of stories wherein the protagonist, who never even stepped into high school, was able to work his way from rags to riches. He just used his guts and determination as he climbs his way to the top. His childhood may have shown him that he can be as rich as his friends if he would only work hard for it. Because of this, he followed what he knew, and because he knew that he too can be rich, he did work hard for it. His outlook was that he can do if others were able to do it.
He never received any money from his rich friends, and he never received any assistance as he worked his way. But what he got from his friends was his expectation. If he never met his rich friends, if he never knew that it is possible to be rich, he would not have worked hard to be where he is right now. He had a goal when he met them, and all he had to do was to just work hard to reach that goal – and so he did.
See, expectations of yourself can play a big role in your life. It serves as your motivation. It makes you feel that you are on to something possible, something that is just within your reach if you just work hard enough. This is the influence of psychology. Don’t you think that it is possible that by just thinking that you can think harder and learn faster, your brain might just do the same thing for you?
Experiential and Evidential Learning
After you have viewed yourself with better perspective, then it is time for you to be more attentive to the things around you which can serve as an evidence that you are about to reach your goal. After you have done all the affirmations, you need hard proof. Take note of your progress regardless of whether they are too small or too big. Focus on these developments. You will soon realize that the more you appreciate your small developments, more of them would soon follow.
So, in applying to your brain development, if you think hard enough that you can improve your brain performance, and then your brain would soon perform better. The improvements may not be as drastic as you expect, but there will surely be some changes. Take note of these changes, and soon you will realize that the cumulative effect of these small changes will amount to a big alteration to your brain functioning. Think of yourself as better, your brain will soon live up to your expectations.
The GRE Registration is offered year-round.The most convenient way to register is online at The GRE Website, or you can call (1-800-GRE-CALL). You can also register by mail. In order to register by mail, you will need to complete Authorization Voucher Request Form that can be downloaded from www.gre.org. or visit Psychology Graduate School Search.
