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Affirmations Definition and Use

Lets look at some famous affirmations to help motivate you generally and then look at the 10 I use and say out loud each trading day. First let's define what an affirmation is:

Something declared to be true; a positive statement or judgement”

When you do daily affirmations in currency trading or in any area of your life, you are simply asserting something to be true in relation to yourself – you are making a statement in relation to your trading and what you can achieve. Its a great way to start the day and will motivate you and focus you on achieving your goals.

Forex Trading the Road to Financial Freedom For All

In terms of achieving trading success, trading currency markets is the one area of life which is a level playing field for everyone to achieve success – you can be a man or a woman, have a degree or no formal education, work part time or see it as full time job but the fact is - anyone can achieve what they want trading currencies. 

This is why, affirmations are so powerful - they confirm that you can do it and make you believe it. The facts also show that anyone can achieve currency trading success if - they have the belief in their own ability and have the right education.

What I want to do first is to look at some affirmations which are famous which will not only get you in the mood for success in trading, they will also help you lead a better and more rewarding life. Here are my persona favourites and what they mean to me:

Six Famous Affirmations to Get You on the Road to Success

An affirmation opens the door. It’s a beginning point on the path to change. (Louise L. Hay)

This means changing your lift and its the start of change and its the basic first step to changing your life be it in Forex trading or starting a diet – you are making a commitment for a better and more rewarding life.

First say to yourself what you would be; and then do what you have to do”. (Epictetus)

In Forex trading and in life, you will achieve nothing unless you have a way of getting to your goal and this means, having a set plan to get you to your destination.

We cannot always control our thoughts, but we can control our words, and repetition impresses the subconscious, and we are then master of the situation. (Florence Scovel Shinn)

If you read, your affirmations out loud each day - they reinforce desire, belief and commitment to your goal and keep you on track.

The difference between success and mediocrity is all in the way you think.” – (Dean Francis)

This is true in life and FX trading – those who have desire and the motivation to do what is needed to do, can win. As we have already said - anyone can win in Forex trading if they want too.

Affirmation without discipline is the beginning of delusion”. (Jim Rohn)

If you make affirmations you need to follow them up and keep going towards your goal. If you fail, you try again and keep going until you reach your goal. Discipline is one of the key traits for in success in life and probably the biggest ingredient for success in trading currency markets.

We are what we think. All that we are arises. With our thoughts, we make our world” (Buddha)

This is true you get out of life what you put into it – we make our lives and successful people don't believe in easy short cuts ( currency robot traders take note) they believe in making things happen with a plan and working towards a goal with discipline.

The next 6 affirmations are the ones I use in my Forex trading each day and complement the ones I have used above in terms of executing my Forex trading strategy and signals:

Six Forex Affirmations

My currency trading affirmations focus on the key areas of my strategy and there short and sweet – I don't need to say - I will cut losses for example because that's in my trading plan anyway.

I am a successful trader no one is Better than me”

This is not an arrogant quote, its simply one I do which means I am a success at what I do and can compete with anyone. Do I care if a major bank tells me a currency is going up when I think its going down? No - my opinion is as good a anyone else's which leads me on to my next quote.

I will follow my Trading Plan and Never Listen to the opinions of others”

I will follow all the rules of my plan this means – that I cannot deviate and must remain disciplined and to remain disciplined, means not listening to anyone else. As soon as you start listening to opinions, you can get distracted so I don't do it. I focus on my plan and my judgement and nothing else.

I will only trade Signals which Fulfil my Trading System Rules”

Were all tempted to trade sometimes without waiting for all our trading system rules to be fulfilled but if you do this – you don't have a system because you have let your emotions get involved and your discipline ha gone. If you can't stick to your plan with discipline, you simply have no plan.

All Trades are Equal in Terms of Loss Potential”

Any trade can lose money and sometimes the trading signals we think are the best are dogs. Never be tempted to think any trading signal will not lose or is a sure fire winner and commit to much capital to it, because every trade is equal in terms of it can lose money.

My Account Equity is More Important than Anything Else”

Individual trades are not as important to me as account equity and the above statement reinforces using proper money management at all times – Furthermore, when I am losing bet size is reduced until the losing streak is over and expanded when I am winning. The key to building account equity is to preserve capital and hit hard on home runs.

Trading is a means to an End Only”

Many traders let trading take over their lives but for me its a job, I have a set amount of time I spend on it and then forget about it and also take regular breaks from it. I don't enjoy trading and don't think many professional traders to its a means to an end to provide an income to allow you to do the things you really enjoy.

Final Words

Affirmations have worked for some of the most successful people in the world and will work for you to help you achieve success with your trading strategy or in any other area of life you choose to apply them.

I figured that if I said it enough, I would convince the world that I really was the greatest. (Muhammad Ali)

A light hearted affirmation and  he was the greatest but you can achieve greatness at your own level too – just make a commitment to be successful and repeat your affirmations daily and you will be on the road to a Forex profits and a better life.

 

 

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