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Traders mistake Real trade is when you analyze the decisions of other traders. You are trying to understand Price Action in the context with the actions and decisions of other traders. You need to understand where the others are mistaken. Their error will lead to an increase in the opposite movement, as the feet will begin to work. Our task is to enter this point or earlier and earn. Simply put, we need to find losers on the graph. Yes, it sounds very selfish). But the truth is that trading is a mercenary game, and most will not earn here, they will lose. This is the nature of the trading, the money is not taken from the air, as it seems to many) the money that you had, belonged to those who lost it. You have earned their mistakes. It is simple, but most traders do not understand this. Trading is people's solutions. If we know how the price moves, we can determine the zones to which the price can reach and many traders will fall into a situation where they will have to make a decision. All this will move in price in a predictable direction. @Businessminds101

The New York Kill Zone Time: The Land of Opportunities For traders dealing with major pairs coupled with the dollar index, the New York Kill Zone is an essential timeframe to watch. Similar to other Kill Zones, this period often sets up optimal trade entry patterns, providing potential gains of 20 to 30 pips for scalp trades. The New York Kill Zone occurs between 8:00 AM to 11:00 AM Eastern Time. This time is favorable for major pairs and benefits from the overlap with the London session, making it a golden opportunity for traders. @Businessminds101

Consolidation: Consolidation is when price is moving inside a clear trading range. When prices are consolidated it shows the market maker placing orders on both sides of the market. This is mainly due to manipulate the un informed money. @Businessminds101

💻 Successful Traders Traits and Habits 🟢Successful traders often share several common traits and habits. Here are some key characteristics and practices that are frequently observed among them: ➡️Knowledge and Expertise: They have a deep understanding of financial markets and relevant instruments, staying updated on trends and news. ➡️Discipline: They follow a well-defined trading plan, avoid emotional decisions, and remain consistent during market fluctuations. ➡️Risk Management: They employ strategies to control risk, using stop-loss orders, position sizing, and diversification. ➡️Patience and Long-term Perspective: They don't expect instant profits, patiently waiting for high-probability setups and thinking long-term. ➡️Continuous Learning: They engage in ongoing education, learning from mistakes and adapting strategies. ➡️Emotional Control: They make rational choices, avoiding decisions influenced by fear or greed. ➡️Adaptability: They adjust strategies as market conditions change and remain open to new ideas and technologies. ➡️Strong Analytical Skills: They effectively interpret and analyze market data using technical and fundamental analysis. ➡️Persistence and Resilience: They learn from losses, bouncing back from setbacks, and viewing obstacles as learning opportunities. ➡️Effective Money Management: They manage their portfolio, avoid overexposure, diversify holdings, and allocate capital wisely. 🟢Remember that these traits are generalizations, and individual traders may have their own unique approaches and characteristics. However, developing these qualities can significantly improve one's chances of success in the trading world. @Businessminds101

10 SIGNS YOU WILL BE RICH 💵 - 1★If you study money and have a good understanding of how it works. 2★If you have a high_income skill, or you're currently building or learning one. 3★You have a mentor who is at list earning 10 times higher than you and is willing to show you the way. 4★If your friend have a good understanding of money and discuss ideas. 5★You will be rich if you have knowledge of sales and your not shy to sell. 6★You know how to communicate ideas clearly and boldly. 7★If you have a good leadership skills.  8★If you have a good saving habit. 9★You will be rich if you know how to invest and make money work for you. 10★If you know how to use the internet as a money making tool. @Businessminds101

"Wealth Secrets of the One Percent" 📚

Here are 10 lessons from "Wealth Secrets of the One Percent" 📚📚📚 A Modern Manual to Getting Marvelously, Obscenely Rich by Sam Wilkin: 1. Wealth Requires Unfair Advantages Building extraordinary wealth often involves leveraging unique circumstances, monopolies, or exclusive market positions. 2. Control Beats Ownership Wealthy individuals often prioritize control over assets (like trusts or holding companies) rather than outright ownership to maximize benefits and reduce risks. 3. Monopolies and Oligopolies Are Key Industries with few competitors or significant barriers to entry create the conditions for immense wealth accumulation. 4. Connections Matter Networks of influential contacts and relationships often provide access to exclusive opportunities and protect wealth from competitive pressures. 5. Understand the Power of Scale Businesses that scale efficiently, especially in global or digital markets, provide exponential returns with limited additional costs. 6. Government Policies Shape Opportunities Many wealthy individuals capitalize on government incentives, regulations, and policies to create or protect their fortunes. 7. Exploit Arbitrage Opportunities Leveraging differences in costs, regulations, or markets (e.g., outsourcing, tax havens) can significantly boost profitability. 8. Timing and Luck Play a Role Economic shifts, technological breakthroughs, or political changes often create unique windows of opportunity for massive wealth accumulation. 9. Reinvestment Fuels Growth The ultra-wealthy often reinvest their earnings into their businesses, ensuring continuous growth and compounding returns. 10. Think Long-Term Wealth-building strategies often involve patience and the ability to withstand short-term losses for long-term gains. @Businessminds101

10 Lessons from the book "So Good They Can't Ignore You" by Cal Newport 1. Skills Trump Passion: Newport argues that the advice to "follow your passion" is flawed. Instead, developing rare and valuable skills is the path to a fulfilling career. 2. Craftsman Mindset: Focus on what you can offer the world rather than what the world can offer you. This means continuously improving your skills and seeking mastery in your work. 3. Career Capital: Accumulate skills and abilities that are rare and valuable. These are your "career capital," which you can then leverage to gain more control over your career and life. 4. Control Traps: Gaining more control in your career is crucial, but it's only possible if you have enough career capital. Without it, trying to gain control can backfire. 5. Deliberate Practice: Engage in deliberate practice to develop your skills. This involves pushing yourself beyond your comfort zone and seeking feedback to improve. 6. Mission-Driven Work: A compelling mission can make your work more satisfying. Finding a mission comes from identifying an intersection between your skills and your interests. 7. Small Bets: To find your mission, make small, low-risk bets to explore various paths and see which ones lead to breakthroughs or opportunities. 8. Law of Financial Viability: Work on skills that people are willing to pay for. Your passion should align with market demand if you want to sustain your career. 9. Be So Good They Can't Ignore You: This core lesson emphasizes that becoming exceptional at what you do makes you indispensable and gives you more career satisfaction and control. 10. Avoiding the Passion Trap: Newport advises against waiting to "discover" a pre-existing passion. Instead, passion often follows mastery and skill development. Focusing on building skills can lead to passion for your work over time. @Businessminds101

12 Key Lessons from the book "Secrets of Closing the Sale" by Zig Ziglar: 1. Selling is Serving: Ziglar emphasizes that selling is about helping others meet their needs. By serving customers, you build trust, create long-term relationships, and ultimately close more sales. 2. The Importance of Listening: A successful salesperson listens more than they speak. Understanding your customer's needs, concerns, and desires is critical to offering the right solution. 3. Empathy is Key: Showing genuine empathy helps build rapport and trust with customers. Understanding their problems and putting yourself in their shoes strengthens the connection and makes closing easier. 4. Ask the Right Questions: Ziglar stresses that asking open-ended, thoughtful questions helps uncover the customer's true needs, allowing you to offer the most appropriate product or service. 5. Handle Objections Positively: Rather than seeing objections as a roadblock, view them as opportunities to provide additional information and build confidence in your solution. 6. Create Urgency: To close sales effectively, it's crucial to create a sense of urgency. Ziglar teaches that you can do this by highlighting the benefits of acting now and the potential risks of delaying. 7. Confidence and Enthusiasm Matter: A salesperson’s confidence and enthusiasm for the product or service is contagious. If you believe in your offering, the customer is more likely to believe in it too. 8. The Power of the Assumptive Close: Assume the sale will happen. This mindset allows you to guide the conversation naturally towards a close, asking questions like, "When would you like to get started?" 9. Focus on Benefits, Not Features: Customers care more about how a product or service will solve their problems rather than its technical specifications. Highlight the benefits that directly address their needs. 10. Persistence Pays Off: Ziglar advocates for persistence without being pushy. Sometimes, customers need more time or information before committing, and a gentle follow-up can be the key to closing the deal. 11. Use Positive Language: The words you use can influence the outcome of the sale. Ziglar recommends using positive, action-oriented language that moves the customer toward a decision. 12. Close with Confidence: At some point, you need to ask for the sale. Ziglar emphasizes doing so confidently and naturally, presenting it as the logical next step in solving the customer’s problem. These lessons reflect Ziglar’s practical, relationship-based approach to selling, focusing on serving customers and understanding their needs to drive long-term success in sales. @Businessminds101