The benefits of mindfulness to our physical and mental health and our relationships have been established through numerous studies. Yet, few people associate this pathway to well-being with financial success. If mindfulness means being focused and aware of the present without passing judgment, the same discipline can be applied to money management, too.
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Becoming a Successful Trader: Develop Trading Psychology
Achieving success in the financial markets requires one to develop and harness a number of sharp skills. Traders combine their understanding of the market with emotional intelligence to make timely trading decisions. But while having cutting edge technical skills is undeniably crucial for successful trading, the psychological aspect of trading is even more important. This explains why only the people with a certain mindset make it big in active trading.
Regardless of your education background, training, or experience, you can succeed in trading provided you get the psychological part of it. This article will help you understand trading psychology and how you can set up your mind for success in trading.
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How Debt Affects Your Health
Are you stressed about money? If so, you’re not alone — 72% of Americans report feeling stressed about their finances. In a country that has tripled its consumer debt since the 1980’s, money-related stress is everywhere, and it’s wreaking havoc on our physical and mental health.
Tips for Fighting Depression Caused by Financial Problems
In a country that runs on credit cards and is teeming with frivolous lawsuits, it’s not surprising to see a substantial majority of Americans in debt and depressed over their finances. The uncertainty over the government healthcare program, student loan issues, looming retirement, mortgages and credit card debts hound baby boomers, Gen Xers, and millennials, which is why more people are suffering from depression and anxiety than before.
Financial problems-induced depression cannot be overcome by medications and a bury-your-head-in-the-sand approach. Debts don’t go away because you ignore them. And taking pills will only add to your expenses, not pay for them. Alleviate your worries and despondency by taking concrete action. [Read more…] about Tips for Fighting Depression Caused by Financial Problems
