विस्मेल लाईरंग्मान रहीं विआ तोब लागर करन्शी लिस्क मैंच्में यस में आंग्म विस्ट्खाक तरेडिएं को अपनी सेद्गाड करें from the उसक्सबसेक्तिक लिए विज्याझन भी तरेटू करन्शी लिस्क आजका जो वहान डव्पक आव वो करन्सी रिस्के साथ तो है लेके विस की एक और औल आम्म्म्लियगेशन भी है तो जस नोद रिस्ट्ग यो मैंज कि इज मैम सेद अफ करन्सी मेनिजमेंट की बात कर हैं या पे योंई भी तो दिशास करने लगें, या among tool discuss करने लगें, दाई तीज़ा आप पलिगें टीट अद ड़ाईप सित है दे those tools discussed, that is applicable in all types of investments. तो इत �コरी आईदबास्में थे भी था and investment way or investment style, rather than just the risk management of the currency. आद is active currency trading strategies जो हम यहाँ बात करना लगे है बात करना लगे है कि क्या? active trading when we say active trading it means we are going to have more frequent trading transaction अभ ये यही हुँई अपी हुँई एक इस्वेस्में कि औसकती है आभी आब आत कर है करन्सी उसकी बहुँई हो सकती है other than that stocks, bonds, any other assets underlying that may be possible the opposite side of this is that that is passive first we talk about that then you can understand active more better I have some money I have bought some currency and I say when I need at my retirement or after 5 years then I will see what happened to my portfolio so this is a passive investment I bought once and then I hold with that investment so it is buy and hold whereas in contrast active investors or active trading is different they buy, sell buy, take active positions sometimes they buy more sell less increase positions but they are very much engaged following market trying to beat market this is active strategy so it is act of buying and selling based on short term movements to profit from price movement on short term stocks chart stocks or currency can impact us mentality associated with an active trading strategy different from the long term or the buy and hold strategy passive investors or index investors and they just hold and watch active trading is a popular strategy for those trying to beat the market average in this we think we are expert we are fast we are quick so we can beat the market if one year's market return I got 12% by our active strategies we can beat it to 14-15 the case may be one of our expectation is that we can beat the market with our more frequent trades there are various methods used to accomplish an active trading strategy each with a property and market environment and risk inherent in the strategy active can be further there are strategies but overall spectrum is same that we are more into trade we want excessive return alpha hunter i.e. we want to return rather than bad return market offer we take it as a passive active trading is a strategy that involves beating the market through identifying and timing profitable trades often for short holding periods we are not talking about long positions we are talking about taking frequent positions short positions with active trading there are several general strategies that can be employed there are many categories so there are ways which we can discuss day trading position trading now we will discuss immediately next we will be discussing each of them in more detail swings trading scalping are four popular active trading methodology but these are not the only one there are more combinations active trading seeks profit from price movement in high liquid market because active market means we will like to go in such market where there is liquidity because we do not want to take up position and then we are not able to sell that so the situation of illiquid market does not support active traders so they want a more liquid market when they want to buy for this reason active traders generally focus on stocks foreign currency futures and option with lots of volume which allow them to get into and out of the position at ease you can easily buy 1 lakh share 5 lakh euro no problem in any currency any amount huge volumes you can enter easily and you can exit easily always the case that we should buy first sometime we are even expecting we feel that if we want to fall then we sell first and then later on buy it so the both the case can be active traders typically use a high volume of trades to make profits to capture break out they use a stop an order stop order I have also said that we have conditional orders what are the conditional orders that you give order that if something happens then that trigger one thing I call and say 1 lakh dollar for me at this time the rate is 168 you buy for me I think it will come on 154 so I give them all order that when it comes to 154 then you purchase then that's a conditional order we are having it placed and if that rate comes then the order will execute not possible for example if there is a resistance at 50 dollar they may set up stop buy order at 50.05 if we think that it is at 50 then we say that it is at 50.05 then we make a transaction and if price breaks 50 so as soon as it goes to that level then our order will execute so they are making an estimate and in their ranges they lock the preferred rates in the market to capture a favourable price active trader may use limit orders which I was talking about if stock is trading at 30 but a trader wants to see that if they can buy it at 29.5 then if they buy it at 30 then they will get it but if they want it at 29.5 then they will place their limit order if stock reach that level they will get it now we will discuss day trading as its name says to one day trade you will take a position in the morning and close in the second time not carrying on to next so all trades are closed in one first you buy in the morning then you sell in the evening but it will not be overnight there are two types of investors who are taking it there are institutional investors they have heavy positioning in the morning they look at the liquidity and close in the day then we have retailers or independent traders second strategy after the day trading is the position trading position trading there is some debate about position trading which is true in itself what is position trading in day trading we are buying in this we are buying it for a longer position for a longer period we keep that position some people say passive strategy but its right its passive strategy you buy and hold but if you are doing it more frequently and if your intentions are to do it more frequently then its more towards active strategy as well so active trading may be our first day trading then the second one is position trading so as it says some actually consider position to be a buy and hold strategy and not active but our intention our frequency is gauge whether it is active or passive and even also the holding period for which we are locking the transaction position trading uses long term charts anywhere from daily to monthly in combination with other methods to determine the current market direction so while looking at the markets we keep it for a day overnight in position for weeks and months so they can depend have a long position kept with them this type of trade may last for several days to several weeks and sometime longer even if you feel the market has to move in favor or your direction is coming your target rate is not coming so you even keep it for long trend traders look for successive high or low highs to determine the trend of our security what are our expected movements what are expected changes in currency, stocks we are determining the period of our position by jumping on riding the wave trend traders aim to benefit from both upward and downward movements basically followers also they take position in their long course so if the market is going up then they will enter into market and as soon as the fall starts they will immediately take the exit trend traders look for determine the direction of the market but they do not try to forecast any price level so these are basically fundamental rates they move with trends when they are moving they see if it is going down and as soon as the rise starts they buy so that they square their position so they are moving with the trends typically trend traders jump on the trend after it has established itself i.e. they themselves do not forecast the trend when the trend becomes a really that the dollar is increasing so i take position in the dollar when the euro is increasing i sell it so they come into established trends not making trends or forecasting trends this means that in periods of high market volatility trend trading is more difficult and its positions are generally reduced volatility has a lot of fluctuation so because they are following trends when fluctuation is going up and going down means there is no pattern so in that case the role of trend traders their volumes are reduced and they are not taking much position so these are two rest we will do in our coming session thank you


Communication is a lot messier than most people think. It's tempting to think that language works like this, that there are a bunch of words out there. Those words have objective definitions. And all communication is, is assembling the correct words in place with the objective definitions and everybody knows exactly what you mean. Unfortunately, language doesn't work this way because there's a massive amount of imprecision and vagueness and confusion when talking about the definitions of words. People mean different things when they use the same word. Now, don't get me wrong, I'm not saying there is no objective truth. We cannot communicate effectively. What I'm saying is there may be clarity in terms of how one conceives of the world. But how one conceives of the world is going to be different than how somebody else conceives of the world. And we have this very sloppy medium of communication called language. So effective communication is not about perfect precision. It's not about, it's not a science, it's more of an art. It's about trying to paint a picture in the mind of somebody else that somewhat mimics the picture in your own mind. This is pretty easy to see when we're talking about very abstract ideas like justice. What is the definition of justice? Well, there's people who have been philosophers who have been talking about that for thousands of years. It's not been resolved. And that's because people mean different things by the term justice. There's not an objectively correct definition of justice or an objectively incorrect one. You can use the word justice in whatever way that you like insofar as you satisfactorily and effectively communicate what you mean. An excellent example of my own work is logic. Logic is something I focus a great deal on. I wrote my first book on philosophy on the topic of logic. And I mean something very precise. People mean different things by logic. That's fine. They're not necessarily right or wrong. But what I mean by that word is the rules of existence. And what do I mean by the rules of existence? Well, you have to pick up a copy of my book to find out. This comes up all the time when talking with people about philosophy or really any given topic when they get stuck in their own definitions for words. If I use words differently than you, which definitely is the case, then the other person can't recognize okay, like this is how he's using that word. It's not how I use that word. But that's fine as long as we clearly communicate what we mean by the words we use, we can still have effective communication. If you're stuck in this idea that there are objectively incorrect and correct ways to use words, I'm not going to make a lot of progress. I'll give you an example. Take the word hamablot. Does that mean anything? Well, it would be very silly for somebody to say hamablot isn't a word. Now it may not be a commonly accepted word, but I can just make up a word. I can use syllables in the way that I use any other set of syllables. Let's say that hamablot means a blue house on a beach. I can use hamablot in a sentence. Someday I would like to purchase a hamablot. It would be very silly to say, oh, well, that's not the objective definitions. Like, you can't use that? Well, of course I can. I can use hamablot like I can any other. This is the way that words work. You have the syllables. I have a concept that I mean by the syllables. I try to clearly communicate that concept by virtue of the syllables that I choose. And if I've effectively communicated, you understand what I mean by hamablot.  There's no way to effectively communicate because people mean different things by the same word. Well, that's not the case either. Word choosing is all about effective communication. And I can effectively paint a picture in your mind based on the words that I choose. So the concepts or the pictures that are sparked in your mind resemble those that are in my mind. There's another example. Let's say that you and I are in Grand Central Station, which is a train station in New York City. Got a bajillion people running through there every day. And I turn to you and I say, look out for the man. Now, in that particular context, it sounds like I'm trying to effectively communicate something for you. Look out for the man. But I've not been very precise. There's, at any given time, a thousand men walking around. Maybe somebody's got a gun or a knife. But I haven't effectively communicated because of my word choice. It's not because of objective definitions or whatever. It's just I'm painting a picture and I've done a bad job and you're going to get stuck. Now imagine I say, look out for the six foot form and wearing the trench coat with a big purple hair on the gun pointing at you.  Thanks for the effective communication. And of course you karate chop him and then the threat is resolved. That would be a circumstance of effective communication. I had a concept that I wanted to communicate to you. And if I said, look out for the man, I've not effectively communicated the concept. If I say, look out for the man and here's some particular descriptions of the man you should like out for, well then I have effectively communicated. This is one example of what happens with every single case of linguistic communication. Whether it's reading a book on philosophy, that's what the authors are trying to do. They're trying to paint a picture in your mind to effectively communicate those parts of their conception that they think are important. And the last point on this topic, extremely, extremely important. Like I said, people take this idea and they run with it and they go, oh, nihilism. We can't know anything about anything. No. In one respect there are objective definitions or objective meanings in the following way. Whatever the speaker or the communicator intends to communicate is the meaning of the word. It's a hamablet that in a sense has an objective meaning insofar as what I mean to communicate is a green house or a blue house on the beach.  What I think you mean is you're going to be jumping on a pogo stick at three o'clock in the afternoon. Well, that's on your end. That's not a measure of ineffective communication on my end. That's because you don't understand. You don't speak the English language, but that is objectively imprecise communication. So when reading texts or when listening to somebody speak, don't think about, is this the objective definition for this word? Is he using this word the exact way that I use the word? What you should do is say, OK, what does he intend? What is he intending to say with that word choice? When you do that and you try to look at the picture that the person is painting rather than focus on the paint that they're painting with, you will find this whole world of imprecise communication, which is absolutely essential if you want to try to learn from people and communicate your ideas to somebody else and have them effectively communicate to you. Intellectuals who are genuinely pursuing the truth have two responsibilities. One, we need to recognize that other people don't use words and don't have concepts the way that we have them. And therefore, we need to try to understand what they intend, not what they say. And two, we have to recognize that when we're communicating with other people, the crystal clarity with which you write something and think it's absolutely clear nobody can misunderstand you, well, other people use words in different ways. And you have to be able to rephrase things in different ways to be able to paint that picture in somebody else's mind. If you write something that you think is very clear and somebody misinterprets it, well, that's just a function of the imprecision of communication. It's not something necessarily to get upset about. Maybe it's because they have poor reading skills or maybe it's because you have poor writing skills or what's more likely is either the communicator or the communiquee gets frustrated because they think, oh, this other person isn't using words the correct way. Words have this meaning and they have those things. It's just imprecise and they get frustrated never realizing that they don't understand the nature of language. It doesn't work that way. Communication isn't art. It ain't a science.


What's up everybody, Jason here for jazzybyscasebrakes.com.  So first, guys, we're going to do the break. We're going to randomize the customer names team to distribute the hits out of the value pack here for Chronicles. Then at the end, we're going to randomize the original 32 names here. I'm going to copy and paste them and put them over here right now. And then top seven out of the 32 get spots in the hip-raid break, which will be coming up next. So let's do the break first. Roll it. Got a six and a five, 11 times. Good luck. One, two, three, four, five, six, seven, eight, nine, 10, 11. Martin, down a Dean. All right, five and a six, 11 times, 11 times. One, two, three, four, five, six, seven, eight, nine, 10, 11. Detroit down to Dallas. All right, there you go. That stick to what you got. All right, here we go. So let's do this really quick. Chuba Hubbard rookie. We got a Terence Marshall, little Mac Daddy Jones, Granny Moss, and a little Zach Wilson. So there we go. Now let's switch scenes and let's do the main giveaway here, guys. So seven, top seven, get in. Here we go, roll. One, two, three times, top seven, get in. One, two, three. Boom, three times. So again, sad times from eight on down. Extra sad times for number eight, which is Alex not in, buddy, sorry. One and a two, three times, but top seven are Kevin, Martin, Dean, Martin, Martin, Martin, and Adam, congratulations. So there you go. Top seven there.  Appreciate it, guys.


I think too many people are focused on goals and not enough on the daily systems that naturally lead to a good result. So, let me tell you a quick story that I read from the book that really had a profound impact on me. The book is called The Practicing Mind by Thomas Stirner, and the story goes like this. This is a true story. There was a coach, an archery coach for the US Olympic team. And he mentioned that the biggest problem that the American archery team faced was that they were so fixated on their scores on the results of their shots. It's like they were drawing the bow and releasing the arrow only to hit the bull's eye and earn a good score. That was their full focus. Doesn't that sound reasonable? Isn't that what we're all trying to do in business? We're trying to get more clients, get more profit. And so we focus on that, get more followers, get more money. So we focus on that. And archery, we're focusing on hitting the bull's eye in the center of the target. Isn't that what the whole point? Shouldn't that be where our energy and focus goes? Interestingly, he went on to say, this Olympic coach went on to say that he also noticed that the Asian teams were very different. They had grown up with the training to focus on the technique, on the proper execution of the technique that led up to finally releasing the shot. And he noticed that, you know, it's almost like they didn't care where the arrow landed.  They were saying, let me make sure I'm doing it the best I can, the way I'm pulling the bow and releasing the arrow. I'm just going to do the best I can. And the arrow hit where the arrow hits. They viewed the result with a detached indifference, right? The desired goal, and I'm going to read the quote here, for them, the desired goal was a natural result of prioritizing the proper technique. They operated in a completely different paradigm. And because of it, they were very difficult to beat. And because of those archers were quiet, uncomplicated, and free from mental turmoil, the ones who were just focused on the technique. There was the irony was that when compared to the results oriented archers, the technique oriented ones were winning. So now that shaped how the coach helped their team going forward. It's interesting to me because I made that shift from goal to systems. I think about seven to eight years ago when I had a profound kind of spiritual transformation. And ever since then, my business has gotten better and better and better. And my life has become more and more meaningful. Because I am no longer my subconscious mind is no longer telling me every day, oh, you're not at the goal yet.  Get one million followers, make six figures in your income seven figures. And those big dramatic goals feel like they're inspiring. And maybe they are inspiring for you, then maybe they get you going to say yes, I can see myself doing that would not be wonderful. But what happens on a day to day basis. What tends to happen is that your subconscious mind, if you keep focusing and visualizing the six figure income or the million follow whatever whatever it is that that's quite far from you. The more you focus and visualize on that. The more your mind tells you every day, you're not there. You're not yet enough. You haven't yet arrived. And that kind of wearing down wearing down wearing down. Oh, I'm not yet there. I'm not enough. Have you know, can help some people to hustle to work hard. That is a good thing. But for many of us who are more sensitive and more heart based that kind of wearing down wears us now. We get discouraged more easily, perhaps, then then some other people who are who do respond well to the daily hustle kind of message. Some of us don't respond as well. And so we get worn down and discouraged by that kind of results oriented being this. So my suggestion, what I've been doing really for seven plus years is, yes, I still have a vision for the future for my life. I still have milestones leading up to that vision. Oh, I'd like to achieve this and then that and then that. It's good to have those milestones and visions. It's fun. It's uplifting to think what the future might hold. I hold loosely to how it really turns out. And I spend my daily energy focused on the process that I'm doing today. So I use the future vision to say, okay, I'm going north. Okay, I'm going north. Okay, if I'm going north. That means I need to travel in this direction, rather than that direction. The future vision informs my systems design. And then the system is there for what I focus on today and every single day rather than think it's like once the vision has been set. I don't have to think so much about it. No, I don't. I rarely think about it. All I think about is what am I doing today. What am I doing right now. I can do this today. Well, if I can do this our well, then naturally, of course, it has been designed to lead up to that vision. So I'll give you a couple of simple examples. All right, instead of saying, I'm going to write a book one day. How about the cyst the goal is write a book. It's fine to have fun thinking about that. The system is right. One page a day. If you write one page a day after a year you have, well depending on how many days per week that you work but after a year you have at least 200 pages that you've written 200 pages is longer than most of my books, and longer than all of my books actually my all my books are somewhere around, you know, anywhere between somewhere around 70 to 100 pages something like that but right one page a day. And even if you just work five days a week, you'll have 200 pages at the end of your, you know, at least 200 pages 250 pages, taking some vacation you have 200 pages by the end of the year and then now you can edit that down taking the next three to six months. Every day your system becomes edit three pages or whatever maybe right and then you have a book. After a year and a half or whatever it may be two years. Okay, whatever, two years every two years publish a book. And that's more than most people do. But you see how simple this becomes right one page a day. Oh, I could do I could do one page a day writing a book sounds daunting writing one page today. Which I might not use and it can be sloppy because I have an editing phase right just one right one sloppy page today. If you're intimidated just one sloppy page today. So that's an example another example. I want to get five more clients, five more clients, five more clients how many get five more clients. That's the goal. Now, every day, you focus on the system every day, five days a week I'm going to contact one person today, one person today. Just today that's my goal. I'm, that's my system. Essentially, what I'm talking about is a process goal. You have a results goal, which you have fun thinking about that helps you design the goals that will naturally lead you there so contact one person today. Right. Now if the system feels even that the system itself feels daunting to you. Right. Then you need to specify smaller, more doable steps for your system so if contacting one person every day feels daunting, then let's make it more doable. Step number one, schedule a focus mate session for an hour, you know that the focus mates are sessions are one hour each so schedule one focus mate session, step number one, step number two is during that session. You write down the names of three people that you might want to reach out to three, look, look into your contacts list look at your Facebook friends list. Look at your LinkedIn content right down three people. Next step, from those three people, which of the three do you most feel energized to contact today. Okay, pick one of the three whichever the three. Pick one person. Alright, next step, maybe take five minutes and look at their social media what had it been up to. And then next step, take the last 15 minutes to write a thoughtful email to them, maybe bringing in something that happened to them on social media that feels relevant. But you see what I mean like doable step by doable step. You can get anywhere. You can accomplish anything. Step by step. That's the truth. What would you like to accomplish. Yes, you can get there. Step by doable step. So let me let me let me take it one more level and then we'll finish up this video here. We have now reframed our goal to be something more visionary, something that is inspiring and fun to think about something that helps us to therefore design a daily system. That if we do the system will naturally lead us to achieving the goal just inevitable. Right. The daily system is now what we're focused on. Now, I wanted, I want to take you to the next step. Take the daily system. And let's see a deeper purpose underneath that system. The steps that you're taking. What is a deeper purpose to these steps that you're taking the simplest way to answer that question is that it will grow you. It will develop your skills and your character.  Reach, for example, contacting one person a day that takes courage, doesn't it. But you realize, okay, it's not about contact. That's what I'm saying here. It's not about, it's not really about contacting someone every day. It's really about reconnecting with your source, where you where you develop your courage. I believe the source is that we will always be taken care of. Somehow, mysteriously, it is all going to work out beautifully for you. That's what I believe that's my faith. And perhaps you have a statement of faith that you can revisit as well. What do you deeply believe about life. What is the source where you can tap into on a daily basis for your courage, and your compassion, and your patience, and your joy, and your curiosity, and your fill in the blank on whatever character traits that you want to develop and your humility. And that is really the reason that we do anything at all every day. So that's the that's the step I'm taking. The first step was to vision. Yes, have an inspiring vision. Second step is design the system that leads you there, but third step, which perhaps is the most important for joyful productivity is to see the deeper purpose behind every step. It's not about contacting the person is not about whether they say yes or no, not even about whether they respond or not. It's what it's really about is for me practicing courage, what it's really about is for me practicing compassion for that person, and the joy of connecting with another human being or at least reaching out to connect.  What can I control, I can control whether I reach out to that person and whether I do it with compassion with connectedness with joy with patients. That's all I can control and if I do that, I just grown.  Vision. Yes, start with that goals, whatever inspires you systems that will naturally lead you there. And then most importantly, purpose underneath every step in the system, what is the deeper purpose. So focus on systems purposeful steps every day, rather than goals, and you will naturally achieve your vision. You may even find yourself surpassing it one day. I hope this is helpful. George cowl authentic business coach. Love talking about how do we develop a business from a truly deep place that develops the most important aspects of ourselves. And I hope you find this helpful and I will see you in another video. Take care.