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8 Major Currencies in FOREX Trading

These currencies have nicknames which enable you to research them individually by their nicknames or abbreviations. They are convenient when you are communicating with other Forex traders.

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U.S Dollar (USD) Buck or Greenback – Greenback comes from banknotes issued during the American Civil War in 1861, related because of the color green on their backs. Buck comes from “buckskin” used by Native Americans as a bargaining chip with Europeans.

European Euro (EUR) Single Currency or Fiber– Fiber simply because the currency bill is made of pure cotton fibers. Single Currency because it is used in several states.

Japanese Yen (JPY) Yen – the 3rd most traded currency and the 4th most important reserve currency. The most traded currency pair containing the yen is USD/JPY; EUR/JPY and GBP/JPY.

British Pound (GBP) Sterling or pound – comes from when the pound sterling had a value equal to one pound of sterling silver.

Swiss Franc (CHF) Swiss – Swissy is a nickname but also for the currency pair that includes USD USD/CHF.

Canadian Dollar (CAD) Loonie – the currency of one Canadian dollar has the image of a common loon, a widespread bird in Canada.

Australian Dollar (AUD) Aussie or Ozzie – originated from the fact the term refers to an Australian.

New Zealand Dollar (AUD/NZD) Kiwi – comes from the national symbol of New Zealand, a bird.

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Understanding risk and why you must take some…

No pain, no gain… you’ve heard this saying time and time again, and its true.  If you are not willing to take risks and accept failure is inevitable, then you will never succeed.  You’ve already failed.   Many stars, like Denzel Washington, admit to failing many times before success came.  Like Denzel, you just need to be prepared to ‘fail forward’.   For it is in the trying and failing that you see what needs to be tweaked and completed.

It’s your frame of mind that is most important.  It’s all in your mindset.  Change your mind, change your life.  This is so true.  There have been times I’ve thought there was no way people would want to hear what I have to say in this very blog.  However, I continued speaking my mind, telling my experiences and now I have a very large following.  This can happen for you.  Be it a Blog, podcast, or an e-commerce store.  You can do whatever you set your mind to.  Just don’t let the negatives, naysayers bring you down.  Sometimes its simply best to keep your thoughts to yourself with negative people.  Friends, even if negative, mean well, but that doesn’t help you when you’re struggling with your goals  So keep the friends and keep your thoughts separated until you are on sounder footings.

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One Great Way to Relieve Unreachable Muscles

For years now I have read and talk to people who have experienced muscle spasms, muscle cramps, and various other muscle-related issues. More than simply having muscle pain and uncomfortable experiences, everyone had one thing in common, including myself. We simply could not reach the areas that needed relief. Massaging was impossible. Rubbing anything of relief was not possible. Simply unreachable. Until now.

So you see, I had a car accident over 15 years ago and sustained injuries to my cervical area. While I walked away from that accident and attended physical therapy for a short period, it has now come back to haunt me. Waking up one day with severe left back pain was an experience so devastating that I went to my local emergency room. After being discharged in January 2020, yes right before the public found COVID-19 was in the United States, my neurologist referred me to a great physical therapy group. Day one gave me relief after one hour of massaging, heat treatment and basic exercises I was pain-free. But don’t let that fool you. I still continued my physical therapy and learned a lot. Then came the pandemic that closed the physical therapy group down.

Although I managed to continue my exercises at home, my posture suffered and the pain came back. So here I am starting up physical therapy again. Day one of my new therapy, my therapist, Pam, recommended a tool she purchased from Amazon that allowed me to reach areas in my back and shoulders and massage the hard knots out while at home. I tried hers and was convinced It was simply a miracle. Hard to believe was that it would relieve my tight muscles by simply placing it on the tight areas and pulling. At such an inexpensive cost I was able to help myself. It actually worked and I use this tool for everything from my shoulders (I have very short arms) to my feet to my back thighs. It works on everything. This is one of the most recommended items for anyone who can’t reach those areas and want to be independent. Get the tools that help you help yourself.

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3 Ways to Show Great Leadership

Today I was meeting with my Trading Team, AWG, and realized that even though I was the Team Leader, I was quite comfortable interacting with my colleagues on their level. When you have colleagues that are not selfish, afraid, or negative there’s always opportunity to grow. Being a Leader does not mean you can’t interact with your team. It means you can learn what others have to contribute as well. Being a leader doesn’t mean you need to oversee everything. Leaders collaborate, delegate, and trust the system or process. While your guidance is needed, it is not imperative that you be the sole vocal in the meeting. Allowing others to participate and contribute actually helps you realize what you don’t know enabling you to learn a little more.

MINDSET – When you have a positive mindset, optimistic mindset, and a communicative mindset, much can be accomplished. Your ability to teach and learn becomes much easier. No barriers up means everyone will learn and be creative in their own right. I’ve watched team members walk away from a great team, great opportunities, and have unbelievable potential only because they didn’t have the right MINDSET and would not stay around the ‘campfire’ long enough to allow anyone to contribute what was needed to improve and/or change their mindset. Many people walk away with many excuses and blame on others before they examine themselves and admit, even to themselves, that change is needed. More positivity and less negativity can carry a long way. Give people a chance to show our productive they can be. Let them participate in their own success. If not, again I say, they will feel useless, frustrated and quit. There’s nothing that can’t be accomplished with the right mindset.

GROWTH – allowing growth is another great to show leadership. In doing so, you actually learn what you really don’t know. Most people don’t know what they don’t know. Opening up and learning from others is a great way to help others by showing them that you’re not perfect and they are not expected to be perfect. It is a ‘learning’ process. On my trading team, my downline can pass me on the way up to their increased income so why not train them properly and allow them to grow?

NO MICROMANAGING – When leaders have their hand in everything, attend every meeting, never delegate, its showing the team little trust in their skills and abilities. You may finish what you started out to do, but it will leave a taste of mistrust and anxiety. There’s been times when I was not able to do a presentation and felt no hesitation on asking one of my members to Present. At seeing how anxious they were to handle the request I realized that member actually was much smoother at the Presentations than I was. One less job/responsibility on my shoulders and one more team member whose confident was built larger. Other members felt comfortable enough to call on their colleagues for help instead of waiting for me to have time to help. As a result, the team grew. It was a win-win for everyone.

INTEGRITY – As you strive to be ‘perfect’, don’t forget your integrity. Perfectionism creates fear in your leadership. This causes procrastination and will eventually cause you to micromanage, which is not what leaders do. Always show your honesty; be direct and truthful. Leaders allow each person to carry out what their responsibilities are on their level with room for growth. Leaders teach by example. In the field of FOREX TRADING, there is no time or room for one person to do everything, other than their own personal trading. Leaders show trust, vision, inspiration, communication, and a positive attitude. In doing so it allows to see your integrity and creativity. People tend to work harder and longer when shown trust and respect. It makes them strive to do better and many ‘think outside the box’ allowing more growth. If you are a team member, my advice to you is to focus on your abilities and they will expand. Build on those abilities, don’t be afraid to step out and step up.

So there are many other characteristics of LEADERSHIP but for now focus on how you present yourself to others. How would you like to be led? What would you do different? Focus more on your potential instead of perfection. Perfection says no one can do it as well as you. Potential opens the door and allow others to participate and create. That can only lead to growth. With as large as a team can grow, there are so many opportunities for growth and I have learned there is no I in Team and my team will have the energy and enthusiasm to meet the increased demands of growth even when I may be exhausted. Let your team in. You’ll find they have the greatest ideas.

Please continue to visit our BLOG. We are still doing a series on FOREX TRADING. If you are interested in learning trading, from home, reach out to us. The pandemic has slowed us down a bit, but we will be posting more information soon.

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