Gary Dayton – Trade Mindfully Exercises and Workbook
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Dr. Gary Dayton’s utilization of the Mindfulness-Acceptance-Commitment (MAC) method to peak performance, a model of human behavior based on cutting-edge psychological research, distinguishes him as a trading psychologist. Dr. Dayton introduced traders to the practice of mindfulness in his thought-leader article, Fear Not: A Mindful Perspective for Traders, published in Stocks, Futures, and Options Magazine (December, 2009), and explained how mindfulness can help traders develop the concentration and focus needed to trade successfully. Dr. Dayton wrote another article, Take Control of Your Trading: Focus on High-Value Activities, in the June 2010 issue of SFO Magazine, in which he explains traders how to stay focused on essential trading actions rather than succumbing to ’emotional hijackings’ when trading.
Dr. Dayton discovered that the most difficult issue for traders is dealing with the mental and emotional aspects of trading after learning trading tactics. Almost every trader attempts to manage his or her emotions, but this is typically unproductive and frequently causes problems for the trader. The fight with undesired emotions, as well as the irregular trading activities that occur, may be a major reason why 90% of all wannabe traders fail. Dr. Dayton use the MAC model to assist traders in focusing on what is most important for their trading and avoiding distracting emotions and mental clutter.
Dr. Dayton and his organization Peak Psychology Inc. help traders overcome the psychological problems peculiar to trading through seminars, workshops, and coaching, while also assisting traders in developing the ideal mentality required for success. He concentrates on both problem solving and teaching particular skills needed to achieve trading competence. Dr. Dayton uses cutting-edge research in mindfulness-acceptance, cognitive-behavioral, and sport psychology, as well as insights from behavioral finance, to assist individuals in methodically developing peak performance skills and abilities. His ultimate objective with each person is to instill in them the potential to be their own peak performance coach.
What exactly is forex?
Simply said, it is the worldwide market that permits two currencies to be traded against one other.
If you predict that one currency will be stronger than the other and you are accurate, you can benefit.
If you’ve ever gone to another nation, you’ll remember that you had to find a currency exchange kiosk at the airport and then exchange the money in your wallet for the currency of the country you were visiting.
Foreign Currency
You approach the counter and see a screen displaying various conversion rates for various currencies.
An exchange rate is the price difference between two currencies from different nations.
You come to the phrase “Japanese yen” and say to yourself, “WOW! My one dollar is worth one hundred yen?! And I’ve got 10 bucks! “I’m going to be wealthy!!!”
You’ve effectively engaged in the currency market if you do this!
You’ve converted one currency into another.
In other words, if you’re an American visiting Japan, you’ve traded dollars and acquired yen.
Currency Conversion
Before flying home, you stop by a currency exchange station to exchange the yen you’ve magically saved (Tokyo is pricey!) and see the conversion rates have changed.
These variations in currency prices are what allow you to profit in the foreign exchange market.
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