Double Your Income - Guaranteed - Using a Fascinating Little-Used FREE Idea

In this article, you will learn:

• How to dramatically increase the income of your current business, whatever it is, using one little-known and totally-free technique

• How to create sales from zero selling educational products you don't even have yet

• How to track your most important numbers

• and, much much more ...

Dramatically Increase Your Business Income

The idea is to create educational audios or videos or articles. And, then offer these as inducements for people to buy your service. For example, if you are a Realtor, and you are desiring to list Ralph's home for sale, you could say: "Ralph, I am the only Realtor in this city who is willing to give you this amazing CD called HOW TO SELL YOUR HOME FASTER AT A HIGHER PRICE". If you are interested in the extra bonus, then please list with me and you may have this valuable CD as my gift.

How do you create educational content? There are three ways, and two of them do not require you to know anything!! I will summarize them here:

1. Create your own educational content from your own wisdom

2. Create your own educational content by searching on Google and reading the top-ranked websites

3. Create your own educational content by interviewing experts

Dramatically Increase Your Income by Selling Educational Products (that you don't even have right now)

Simply stated, you first select a topic of interest to you. Then, using the three ways to collect content shown above, simply audio or video or type information.

Be Sure To Leave Comments

Leave me whatever comments you wish. Do you really like this article? Great. Then, rate the article.

By Raymond Aaron

Raymond Aaron,
New York Times Top Ten Bestselling Author,
"Double Your Income Doing What You Love" published by John Wiley and Sons, New York City

Raymond interviews the most famous people on earth once a month and sends these audio CDs to his subscribers around the world. Get TEN of the best interviews (Robert Kiyosaki, Brian Tracy, Bob Proctor, Dr. John Gray, T. Harv Eker, Stephen M. R. Covey, etc.) for only $1 at http://www.WealthCreatorSource.com

Raymond's blog has brilliant business insights twice per week at http://www.DoubleYourIncomeCHALLENGE.com

Join Raymond on Twitter @RaymondAaron and also on Facebook

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Creating Wealth - How to Get Intimate With Your Money and Why You Should

Creating wealth by getting intimate with your money may seem like a strange concept. However, consider any relationship. The more time and energy you invest in it the greater the return on your investment.

"If you spend quality time in your intimate relationships, if you connect with your families and your friends, those relationships will flourish."

Anthony Robbins

Yet, many people invest little time or energy in their money apart from the time that they actually spend it. And, for many people, even when they spend money there can be a degree of dissociation, a touch of indifference or perhaps some other negative emotion.

For instance, when some people pay a bill such as a utilities bill they may feel resentment. If you fall into this category bear in mind that although rates may be high, at least you're in a position that you have electricity, gas, running water, etc. There are many people who are not in this position. Also, think about what these things allow you to achieve on a daily basis and the quality of life you're able to experience. So why not feel a sense of gratitude when you pay such bills.

At other times, when some people spend money there appears to be little emotional attachment to the act. Picture a man throwing down some change on the bar counter after he's had a few drinks. Or think of a woman who goes to a restaurant to enjoy a meal with some friends. She pays the bill without giving it too much thought. However, it's not because she's flush with cash. Her situation may be quite the opposite. She may not have enough money to pay for the meal and so she puts it on a credit card and decides to worry about the payment later.

Even how someone shops at a supermarket is a telling way of how that person treats their money. Some people pay close attention to the prices of the items they're buying. Others simply pile items into their trolley, buying what they need but also ending up with lots of items that they don't need. When they get to the cashier they don't keep their eye on the screen displaying how much each item costs and they don't check their receipt afterwards.

In fact, many people have no idea of how much money they spend on a daily, weekly or monthly basis. They are in a financial haze.

So how intimate are you with your money? Do you carefully file your receipts and keep a record of your spending? Or are your receipts carelessly tossed aside, if indeed you keep them at all?

In order to improve your money management you need to keep careful records of how, when and where you spend your money. This act alone will give you greater awareness regarding exactly how and where your money is spent. It will also help you to identify where you can make savings. And I'm not talking about budgeting. Often once you complete and maintain this detailed analysis of your outgoings you can identify several areas where your money is simply being wasted. And even small areas of wastage over time can add up to huge financial losses.

You may experience times when your finances may not be at their best. These are the times when your intimacy with your money needs to be at its greatest. Yet, during times of economic crisis there's a tendency for many people to turn a blind eye to their finances and hope that somehow it will get better.

When things look bleak it's better to have a complete financial picture and keep your financial goals in mind no matter what your current position is. Aim to spend 5-10 minutes a day on your finances and gradually increase that time to 15-20 minutes and then perhaps 25-30 minutes. These small investments of time in your money management will pay huge dividends in the long-run.

The bottom line regarding creating wealth is that the more intimate you are with your money the more money you'll attract and the more your money will stick around.

By Nickolove Lovemore

For a FREE report other money mistakes you may be making visit http://www.AchievingFinancialIndependence.com And to learn more about the psychology of wealth visit Millionaire Mind

Article Source: http://EzineArticles.com/?expert=Nickolove_Lovemore

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Creating Extra Income During a Recession

It's no secret that the economy has taken a toll on everyone. Layoffs, forced early retirements, and factory shutdowns have many turning to creative ways to produce extra income. Whether you need to save a little more or you need extra to make ends meet, finding alternate solutions to create income is not that difficult if you do your homework. Creating extra income during a recession is simply a matter of brainstorming and getting those creative juices flowing.

Not everyone is able to work a second job. Family obligations, the increasing rate of single parent homes, and the lack of work in general, makes it difficult to find part-time employment, but there are other means to make money, some of which don't even require you leaving your home.

Creating Extra Income

Many individuals underestimate the power of the internet, especially if they only use it for surfing the net or paying bills. Truth is, the internet can be a powerful money making tool if you know the right avenues to explore.

Selling items on eBay - You can start by cleaning out your garage and looking through your closets to find things to sell. Another option is finding a drop shipper (you sell their products and they take care of shipping them to the customer). You can even sell your product from the drop shipper on eBay. eBay has proven to be a great money making opportunity for those willing to put in the work.

Affiliate Marketing - This is a method where you sell products and earn a commission from the sales. This can include EBooks, software, or even physical products. You will have to have a place to promote the products, i.e. a website, a blog, etc., but many have started out by promoting on free classifieds websites such as Backpage or Craig's List.

Local Seasonal work - Cleaning up leaves and shoveling snow has long been thought of as jobs for the kids in the neighborhood. The fact of the matter is that teenagers don't want to do these jobs, so pick up their slack and make some extra money. If you have a snow blower, you'd be surprised at how many people will pay good money to clear their walkways or driveway. The same holds true for yard work; pruning, cutting grass, planting flowers, etc. You can contact your neighbors and help them with other miscellaneous chores that they cannot do themselves.

Freelance work - If you have a way with words, you can find freelance work on the internet writing content for those who don't have the talent to write for themselves. This can be financially rewarding if you find an individual or a company that is willing to pay you what you're worth. You are not limited to writing articles. This can include blog posts, information research, or even graphic design if you have the skills.

These are just a few options for making extra money. If you think a little harder, you can come up with creative ways to make ends meet without neglecting other obligations you may have and sometimes without ever leaving home.

By Kimberly Best

Freelance content writer, committed to delivering fresh content on time, every time. http://www.e-contentcreator.com

Article Source: http://EzineArticles.com/?expert=Kimberly_Best

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An Ancient Fable - With a Moral to Help You Double Your Income in This Troubled Economy

An Elder was about to captivate the children with a Fable passed on down through the ages. It always worked. It always taught a great lesson. And, this time was going to be as fascinating as the first time it was ever told.

The tale has a moral which you can apply right now especially in this troubled economy to make yourself immune from the Bad News and ensure that you thrive and make lots of money in 2009.

The wise Elder began the Tale like this:

"You have 2 wolves inside you. One wolf is called NO. That wolf causes you to think of previous failures and be overly cautious. It reminds you of doubts, of fears, of errors, of mistakes, of punishments, of scoldings. It holds you back, drains you of enthusiasm, reminds you of the safety of doing things the way they've always been done. In this economy, it is the wolf who reminds you that the newspapers don't lie. Times really are tough."

One of the children called out to the Elder: "And the other wolf?"

The Elder continued: "The other wolf is called YES. It causes success, encourages taking chances, praises curiosity, rewards bravery. It reminds you of progress, of honor, of doing what is right no matter what, of challenging the status quo. It sees mistakes as a learning opportunity. It reminds you that the headlines talk about the worst disasters and don't even mention good news."

Then, the Elder added the final line of the story: "These 2 wolves are at battle inside you, inside every person."

There was total silence. Not a child moved.

Then, finally, one little child asked the same question that children and adults have asked down through the Ages: "Which wolf wins?"

The Elder, ready with his answer, gave the same response that noble and wise Elders have been giving for generations:

"The one you feed."

The Moral

You have goals. You will either stick to them and be the success you want; or you will let them wither away. Which one will it be THIS year. Forget other years' successes or failures. Just THIS YEAR. Which one will it be? The answer is: "The one you feed."

Give attention to friends who laugh that they have already abandoned their goals. Give attention to memories of your own previous failures. And, for sure the wolf of NO will win. For sure, your well-intentioned Resolutions will slide down the drain.

However, give attention to winning this year, no matter what. Give attention to those friends who are doing something to ensure that their resolutions will be achieved. Give attention to ideas which will move you towards your goals. Give attention to those actions which are positive and uplifting. Then, my dear friend, the Wolf of YES will win.

That is my desire for you because I am determined to win this year. This year will go down as a year of deep trouble for most. But, not for me. Not for you.

This is my year. Join me so that it can be your year too.

By Raymond Aaron

Check out Raymond Aaron's Wealth Creator Source...access over 90 powerful interviews with business experts and thought leaders from across the globe...go to http://www.WealthCreatorSource.com

And, enjoy Raymond's blog at http://www.DoubleYourIncomeCHALLENGE.com where you can get a free gift from Jack Canfield

Article Source: http://EzineArticles.com/?expert=Raymond_Aaron

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Trading Pro System - Trading With Confidence

Whenever you would like to enter the trading industry, Trading Pro System can facilitate your way to success. It is frequently difficult to acknowledge whenever failure or a lack of achievement in the trading industry is the effect of inferior marketing strategies or lack of cognition about the ins and outs of the trading system. Either way, whenever affairs begin to falter, you may wind up believing that the scheme you are taking appears to be somewhat a get-rich-fast strategy.

This may not be the case at all. This kind of idealism is, for the most part, purely misconception. Merely the inquiry is to prove that indeed, Trading Pro System works. Without any doubt, it certanely does. It basically is about trading with confidence - to build focus on risk management and establishing a portfolio of trades that can be carried off by the client in numbers regardless which way the economy goes.

Trading Pro System is a one of a kind software that aids your trading. This system software is created to assist clients by precisely pointing out when to purchase and trade, in addition to what sort of earnings to anticipate. For a lot of traders, among the biggest profits of applying the Trading Pro System is that it give them more control over their trading. Being trained and withdrawing ineffective emotions from trading endeavors will help any trader to be fruitful in the end. This, naturally, is presuming that one has fully digested the teachings of the Trading Pro System modules.

However, since this is a program software ultimately configured by a human being, you still get to marvel how precise it can be.

The Trading Pro System establishes its usefullness on definite technical analysis tools. Since it is highly effective, this software can safeguard their clients' investments no matter what the financial status of the country's economy is. It predetermines the whole financial scenario. This is where matters get really good and exciting. This system software basically maneuvers the clients on what position to take and to determine the when's and how's of the financial market.

What befalls once our numbers do not appear beneficial? This is where the problem starts. The key component to this attack is to adjust. Learn the art of adjustment because in most cases, trades can be salvaged to generate profit. The basic concept of navigating your way all throughout the financial market confidently and still come out strong is what Trading Pro System is all about.

By Mike Darwin

Did you know that many average investors are making accurate stock investing decisions with top stock trading software? Find out more about stock trading robots here

Article Source: http://EzineArticles.com/?expert=Mike_Darwin

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Making Your List of Penny Stocks to Buy

For a stock trading newbie, making a list of penny stocks to buy may be the last thing to think about. What is surprising is that making that list is the first thing you should think about when investing in penny stocks.

There are thousands of penny stocks in the market. This makes it extra difficult to find which stocks are good to buy and which ones to avoid. Also, there are a lot of fraudulent sellers out there so it pays to be vigilant and investigative before blowing your hard earned money on stocks.

So, how do you build your list? The first thing to think about is what penny stocks are. These are offered at low prices, making it the perfect stock to be invested in by a newbie stock trader. This does not, however, prevent veteran traders from investing in penny stocks because, in fact, even veterans buy penny stocks once in a while when they see a good deal.

The next thing to do is to identify which penny stocks are legitimate. This will prevent you from losing your money to frauds. Finally, you must choose what stocks to buy according to what seller will realize good profits because, after all, if the company realizes profits, so will you.

You must not make your list too long. You will just be torturing yourself with hundreds of penny stocks. Of course, there are a lot of attractive penny stocks in the market, so it would take a clear mind and a lot of focus to choose which ones are the best. Seeking advice from veterans will do much good for this. Choose only a few, say, around five stocks. Your list of penny stocks will serve as your checklist in your venture into the stock trading business.

By Mike Darwin

Did you know that many average investors are making accurate stock investing decisions with top stock trading software? Find out more about stock trading robots here

Article Source: http://EzineArticles.com/?expert=Mike_Darwin

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Doubling Stocks Review - Why This Product Offers Tremendous Value and How You Will Make Money

Today I am going to share my Doubling Stocks review with you. Since I started using this product, it has correctly picked stocks 90 percent of the time! Now, that may not be perfect, but what product is? That is a pretty good percentage if you ask me.

In my Doubling Stocks review, I want to talk about Marl the Robot. This is the robot Doubling Stocks uses to perform technical analysis.

With Doubling Stocks, you get a newsletter every from Michael Cohen, an expert in penny stocks trading. He gives you recommendations on what stocks to buy. Sometimes, the newsletter will tell you the picks are being delayed by a couple of days. Usually when that happens, the picks that are made turn into real winners!

These recommendations tell you which stocks you should buy and why. You are also told what price to pay, and at what price you should sell. I have found that these picks are usually recommended a week before anyone else has them.

My Doubling Stocks review also found that this newsletter offers incredible value for the price that you pay. Often, you will make your money back on the first trade you make! Seriously, they could charge thousands for the information that is offered in the newsletter. And if for some reason, you are not successful, you are not stuck with a subscription, because you are given a full money back guarantee for any reason at all. But if you are like me, you will never need to take advantage of that money back guarantee!

By Richard Bartlett

Go to http://www.moneytradingadvice.com/doublingstocks.html for another Doubling Stocks review plus a look at how you can get this product

Article Source: : http://EzineArticles.com/?expert=Richard_Bartlett

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Penny Stock Success - Trade Penny Stocks to Make Money

If you want to have success trading penny stocks the most important thing that you do is to get as much advice as possible. There are many publications that you can subscribe to that will keep you informed as to which stocks are the best ones to buy. There are many benefits to investing in these types of securities and one of the best is that you have a lot of leverage when buying the stock. You can get a lot of shares for a small amount of money so when the price per share rises just a small amount you make a good profit.

Some people get nervous when the stock market is down but the smart people know that is the best time for you to make money. You want to get acquainted with Penny stocks before you jump in and invest all of your money. The best way to do this is to educate yourself and find great advice. Many day traders use Penny stocks to earn a living and you can do the same. Is not hard to do but you must be careful when you first start because you do not want to lose all of your money quickly.you always wanted to keep updated on the companies that you are investing in.

Remember if you want to make a lot of money trading penny stocks then it is important for you to be informed. Most people more successful learn the ins and outs of trading these types of stocks. There are many publications that are available to you so make sure you take advantage of getting all the information you can.

By Bryan Burbank

How to: Trade Penny Stocks

You Can: Get Rich Trading

Bryan Burbank is an expert in the field of Finances and Investing in Stocks

Article Source: http://EzineArticles.com/?expert=Bryan_Burbank

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Here's to a Little Stock Market Education

The stock market is actually a platform of a commercial nature that individuals and companies use to trade with a commodity that is better known as company stocks and of course, the derivatives of these stocks. They are most often described within the same breath as the bonds market, as well as some other often traded commodities all over the world. Like most markets, the stocks and bonds market can sometimes be of an over the counter nature, which is slightly different from other commodities, which are sold in specific market with their own specific systems of buying and selling.

The most popular place where stocks are traded is of course the NYSE or the New York Stock Exchange, followed by other locations like the Amex and OTCBB. This is in the united states of course, and other countries have their own places where they can trade. The stock market currently stands at a value of slightly more than 20 trillion dollars, which is just half the size of the bonds market. However, the derivatives of the stock market stand at an astounding three hundred trillion dollars, with their most major participants being the US banks. When it comes to trading on the stock market, there are many ways that one can do and most investors base their decision on the price of the stock that they come across.

A good price can sometimes mean that the stock is of good quality and has the potential to rise in value; but that does not mean that that is the only way that stock investing can be done. Always know what you are investing in and knowing the nature of the company or corporation attached to the stock will allow you to have much better insight into the nature of the stock and its intended movement in the market. One of the things that many investors press upon is the option to never choose a load bearing mutual fund - which means that you have to fork out some money for a sales fee that is up front.

This is an unnecessary manoeuvre because in the case of the stock market, there are plenty of mutual funds that will allow you to enter without paying up front with 'no load' involved. The best way to know how your stocks are going to do is looking at the growth curve of the corporation in question, and this is important because most companies and independent analysts would provide independent growth analysis over a 5 to ten period. This technical analysis of the company is very important when it comes to deciding how the company is going to look in the next few years and what value your stock will hold. In the case of any investment, how much you put in is usually co related to how much you are going to make, but always ensure that your capital is risk free - meaning this is the amount of money that you can afford to lose without hindering your life style.

By John H. Anderson

John H. Anderson is a specialist in Forex Trading with more than a decade of experience. He owns Trade-currency.org where he provides his Forex Trading Review!

Click here to get your "Master Plan of The Forex Millionaires" FREE!

Article Source: http://EzineArticles.com/?expert=John_H._Anderson

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3 Aspects of Online Options Trading

To say that the internet is a place where almost anything can be done is a sort of understatement and one that cannot fully qualify the massive potential of the web in creating opportunities for individuals all over the world. In fact, no study has shown how much power the internet truly has, it is something we all learn through anecdotal experience and hearing of some monumental stories of how the internet has made things possible and changes the lives of humans all over the world.

Now, with the internet, another thing has made possible. It has freed up the shackles of financial trading - which has always been the purview of the seasoned and of those in the know, and released it to the rest of the world. Online trading has become something of a common site and more than 20% of the human population is said to be involved in some sort of trading or other. The number of retail traders has exploded of late and this is because of the internet and how it has made it easy for part time traders to come out of the woodwork and impact the market in the way that it has for the past few years. Today, this article will be talking about online options trading and what it is all about.

I am sure that other articles have discussed on more popular versions of trading, but this subject is somewhat of a niche in the internet arena. Online Options trading, is just like its offline counterpart, is another activity that involved the trading of options on the financial marketplace. Online options trading is all about the evaluation of the cost of commission and choosing an online broker that is charging you too much will leave the whole venture moot in the first place. You need to know what to do and who to do it with, and choosing a broker who you can communicate with and can give you a reasonable rate of return is one of the most important things in the world.

The good thing about online options trading is that there is a centralised platform and database where all the information about the options and how they should and have behaved is stored within the banks of the brokerage that you choose. This is the second aspect of this form of trading and its this ease of information reach that has allowed more and more people to be knowledge savvy on their options and make the right investment decisions.

Of course, the last aspect of this sort of trading is that it is readily available for you at any one point in time. The barriers to entry have been greatly reduced and the initial investments are modest enough for part time investors to start to try their hand on the online options trading market. These are some of the things you should know about this market and never before has it been so easy for anyone to be a potential investor and open up a second or even third revenue stream for themselves.

By John H. Anderson

John H. Anderson is a specialist in Forex Trading with more than a decade of experience. He owns Trade-currency.org where he provides his Forex Trading Review!

Click here to get your "Master Plan of The Forex Millionaires" FREE!

Article Source: http://EzineArticles.com/?expert=John_H._Anderson

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Million Dollar Traders

There's a great show on British TV - Million Dollar Traders. There are two very important lessons that every trader must understand, that have been perfectly illustrated in this documentary, and I want to discuss those here. Any trader who doesn't understand these lessons is doomed to fail, just as many of the traders in the show are failing.

Before I continue, here's a quick resume of the show for anyone who hasn't seen it. London City trader and hedge fund manager Lex Van Damn (great name!) decided to set up an experiment to see if he could teach anyone to trade. He interviewed hundreds of applicants, and finally selected 8 people. Those he chose came from all kinds of backgrounds - there's an environmentalist - who wants to try and trade only ethical stocks - a soldier, a boxing promoter, an entrepreneur, a retired IT consultant, a vet, a student and a shopkeeper.

Some of these folks are better educated than others, which is important because it relates directly to one of the lessons that this show has so wonderfully illustrated - which I'll come to in a moment.

The ex-vet (I'm talking about animal doctor here, not the army kind of vet!) is highly educated, and comes from a wealthy family. The retired IT man spent 40 years working as a computer programmer at IBM. The shopkeeper studied at university before joining the family business.

At the other end of the scale, we've got the fight promoter who has no such privileged education. The soldier and the environmentalist are of average education as far as I can tell, and the student is obviously still studying.

The eight who were picked were given two weeks intensive training by Van Dam and his team of traders. They covered all bases, including fundamental analysis, technical analysis, trading psychology, and all the practical aspects such as how to work their Bloomberg terminals and place trades.

Following that, they were straight onto their own trading floor for six weeks of live trading, with real cash. Quite a lot of it in fact - one million of Lex Van Dams own hard earned dollars.

In the first show we saw highlights of this training, and the first week of trading. As you can probably imagine, their first week was pretty traumatic, and they were all over the place. By the end of the first day, only one of them had placed a trade. By the end of the week, they all had, but they had all lost money.

In the next episode, we saw them trade for another two weeks. And this is where it gets really interesting, because we're starting to see who gets it and who doesn't. Depending on your own experience in trading, you may be surprised at the results so far...

Ok, so here's the first lesson: Success in trading has very little to do with intelligence, and everything to do with personality.

Before I go on, let me just make a disclaimer. What constitutes intelligence is something that is often debated. Is a high IQ intelligence? What about creative types? For our purposes here, I'm going to go with the popular conception of intelligence being a reasonably high IQ and good education.

On that basis, we'd expect the computer programmer, vet, and university educated shopkeeper to do well. The soldier and the fight promoter should find it tougher.

And yet exactly the opposite was true. In fact, the Simon the computer programmer (remember, he worked as a consultant for IBM for 40 years) actually ended up walking out halfway through the experiment. He just couldn't do it. It didn't suit his personality. He said, and I quote as best I can remember it:
"This is the second most stressful thing I've done in my life, after my divorce". He was a wreck. His results were so bad, he was losing the team more than the winning traders were making - put together!

Why would someone apparently intelligent, well educated, and used to working with numbers, struggle so much with trading? Well he said it best himself:
"I'm used to writing computer programs. Once they're written, either they work, or they don't. If they work, they continue to work forever. If they don't, then you find the bugs, fix them, and then the program works and continues to work forever. With this, I keep doing the same thing but I get different results. Why? Because there are humans involved".

I couldn't have put it better myself. Despite the thousands of "program trades" that are made every day, trading is essentially a human activity, driven by emotion. And boy have we seen some emotion in this show. Cleo the ex-vet has spent 3 weeks sat in front of her trading screen and barely made a single trade - she's paralysed by fear. She's not made a huge loss, but she's not made a profit either - she can't - she won't trade! Another of the traders whoops for joy every time one of his trades ticks up. They're both totally controlled by their emotions.

But lets get back to this thing Simon the computer man said. He's trying to apply rules to trading, in the same way his computer programs are essentially just sets of rules. He can't cope with the fact that doing the same thing over and over, doesn't always produce the same results.

This is the second great lesson that Million Dollar Traders is exposing: Trading is not about rules, it's about principals.

What's the difference? Hollywood screenwriting legend Robert McKee puts it brilliantly:

"A rule says 'You must do it this way'. A principal says 'This works...and has through all remembered time.' The difference is crucial."

To paraphrase what he goes on to say:

"Anxious, inexperienced traders obey rules....Artists master the form."

Trading is more art than science. You cannot apply rigid rules. If that worked, we'd all set up automatic trading programs, everything would become automated, and the market would just stop working because nobody would have an edge any more.

Instead, we must learn the principals of what makes prices move. Understand the humans making the decisions. Understand the emotions and responses to prices on a screen. And have a set of guiding principals to lead us to our trade decisions in any given circumstances.

Understanding principals and being able to apply them in any situation is far more valuable than just blindly following a set of rules.

And that's why the computer man failed. He's spent his entire working life following rules. Put him in front of a chart, and he just carries on applying rules.

The vet on the other hand, was simply a slave to her emotions. She was completely controlled by her fear. The worst thing is she knew it! Her screen was covered in post-it notes telling her "you can't win if you're not trading" and "just pull the trigger!" and so on. But despite knowing what she should do, she couldn't actually bring herself to do it. Her education, privileged background, and apparent intelligence were worthless to her.

And then we had the winners. By far the most successful trader so far is single mum Caroline, the entrepreneur. Her experience in setting up her own business and overcoming all the obstacles and difficulties that come with that (not to mention the difficulties of being a single mother of twins), prepared her nicely for the trading floor. While those around here were either leaping up and down with joy at having made a minor profit, or crying into their coffee cup after suffering a loss, the entrepreneur was calmly watching her charts, entirely emotionally detached from the market.

With ruthless precision, she was cutting her losing trades as I can imagine she might fire under performing employees. She greeted her winners with the same total lack of emotion as her losers. When Lex Van Dam called her into his office to congratulate her on being "...the best trader on the floor", her response spoke volumes:

"I'm only the best at this point," she said. "All my trades could turn round against me this afternoon and then I'll be the worst."

As Lex rightly replied:
"That's why you're the best - because you understand that".

The soldier has been doing pretty well too. His training has prepared him to examine situations, think through possible options, and then choose his action carefully, based on a set of guiding principals. No doubt the strength of character and ability to keep emotions under control that come with battleground experience are an asset to him on the trading floor.

Now I'm not saying that only battle hardened ex-army types, or successful entrepreneurs can ever make it as traders. What I am saying is that most people fail to recognise how important personality, emotional control, and a certain flexibility are when it comes to the markets. If you go into the game knowing the challenges ahead, you have a much higher chance of success.

At the time of writing, there's a final show still to be broadcast, and from what I understand, only three of the traders make it to the end of the eight week experiment. Maybe the vet will make a comeback, but I'm not counting on it!

Let me then summarise the two lessons that Million Dollar Traders has so beautifully crystallised on screen:

1. Success in trading has very little to do with intelligence or education. It has everything to do with character. More specifically, strength of character. Those who can control their emotions rather than be controlled by them, are far more likely to succeed.

2. Learning to trade is about learning principals, not rules. Understanding principals will enable you to make money in any market, under any kind of conditions. Rules might make some money for a short time, but as long as there are humans in the market, rules will never produce fixed predictable results every time. If that's what you're looking for, put your money in the bank. Actually, on second thoughts....!

By Harvey Walsh

About The Author:
Harvey Walsh is a full time trader, and author of the Day Trading Freedom multimedia trading course. He also produces the popular Day Trading Freedom video podcast, available free through iTunes. You can find out more about day trading at Harvey's website: http://www.daytradingfreedom.com

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