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Mind Set by John Naisbitt

Mind Set by John Naisbitt

The next big thing in thinking from the best-selling author of Megatrends and Megatrends 2000. John Naisbitt explains the attitudes and skills anyone can use (in whatever walk of live) to anticipate the future and respond to the realities of globalization.

John Naisbitt’s book Megatrends sold more than 14 million copies and was on the New York Times bestseller list for more than two years, mostly as #1. It was one of the biggest successes in publishing history. Megatrends was followed by the NYT bestsellers Reinventing the Corporation and Megatrends 2000. He wrote about the increasing importance of women in business in Megatrends for Women in 1992. In 1995 Megatrends Asia anticipated the extraordinary rise of Asia and China, which John Naisbitt has been studying and visiting since 1967. The successful professional collaboration with his German language publisher resulted in a private unification when the couple married in 2000 on the banks of the river Danube.

Asia continued to be the center of interest of John and Doris Naisbitt, and they divided their time living in Vienna, Austria and in Tianjin, China. In 2007 together with Chinese partners the couple established the independent, non-for-profit Naisbitt China Institute at Tianjin University. As a result of their research John and Doris Naisbitt co-authored China’s Megatrends:The 8 Pillars of a New Society. The book is has been published in more than 15 countries and is a bestseller in many of them. John and Doris Naisbitt’s latest book Innovation in China: The Chengdu Triangle was published in China in December 2011. It has become China’s #1 translated book.

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.

Salepage : Mind Set by John Naisbitt