Gary Dayton – Trade Mindfully Exercises and Workbook

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Salepage: Gary Dayton – Trade Mindfully Exercises and Workbook

In his application of the Mindfulness-Acceptance-Commitment (MAC) method to peak performance, a model of human behavior based on cutting-edge psychological research, Dr. Gary Dayton stands out as a trading psychologist. Dr. Dayton introduced traders to the practice of mindfulness to help them overcome fear and other unwanted trading emotions in his thought-leader article, Fear Not: A Mindful Perspective for Traders, which was published in Stocks, Futures, and Options Magazine (December, 2009). He also discussed how mindfulness can help traders develop the concentration and focus required to trade successfully. Take Control of Your Trading: Concentration on High-Value Activities is another essay by Dr. Dayton that was published in the June 2010 issue of SFO Magazine. In this article, he teaches traders how to maintain focus on important trading actions rather than give in to “emotional hijackings” during trading.
Dr. Dayton discovered that traders’ struggle with the mental and emotional aspects of trading is their biggest issue after learning trading tactics. Almost all traders attempt to manage their emotions, however this is frequently unsuccessful and causes problems for the trader. 90% of all ambitious traders fail, and the struggle with unwelcome emotions and the irregular trading behaviors that ensue may be the main cause. In order to assist traders concentrate on what is most important for their trading and refrain from indulging in diversionary emotional and mental chatter, Dr. Dayton employs the MAC model.
Dr. Dayton and Peak Psychology Inc. help traders avoid the psychological traps particular to trading while also assisting traders in developing the ideal attitude required for success through seminars, workshops, and coaching. He concentrates on both fixing issues and imparting the precise skills needed to develop trading proficiency. Dr. Dayton uses cutting-edge understanding from the fields of sport psychology, mindfulness-acceptance, cognitive-behavioral therapy, and behavioral finance to assist people in methodically acquiring the skills and abilities necessary for optimum performance. His ultimate aim is to provide each person the capacity to serve as their own peak performance coach.
Describe forex.
Simply said, one can trade two currencies against one another on the worldwide market.
You might earn if your prediction that one currency will be stronger than the other turns out to be accurate.
If you’ve ever gone abroad, you know that finding a currency exchange station at the airport and then changing your wallet’s cash into the local currency are routine steps.
Foreign Currency
When you approach the counter, you see a screen showing various conversion rates for various currencies.
The relative cost of two currencies from two distinct nations is known as an exchange rate.
You come across “Japanese yen” and think, “WOW! My $1 is worth 100 yen, what gives? I also have $10 on hand! I’m getting wealthy soon!
You have practically joined the FX market when you do this!
A currency exchange has taken place.
Or, if you’re an American visiting Japan, you’ve sold dollars and acquired yen in terms of forex trading.
Money Exchange
You stop by the currency exchange counter to exchange the yen you miraculously have leftover (Tokyo is costly!) before your flight home and discover the exchange rates have changed.
You may profit from these fluctuations in currency rates by trading in the foreign exchange market.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.