Follow Us

Forex Meditation

meditation_4Is it possible you secretly want to lose? Like those mass suicide whales hurling themselves on to the rocks. They threw themselves on and on until they reach the sand and die. Actually,self-destructive behavior can easily expose itself in the forex trading , particularly among day traders.

When the price is dancing on the monitor, it can take a grip of you. You can start to feel like it's playing a joke on you. This is why you have to be very, careful to avoid emotional trading.

If you're a boiling cauldron waiting to explode, then you're heading for a big trouble seriously in the market. So, the word is “Don't get emotional about trading”. Remember this trade is just one of a long series of trades. You are here for the long term. Remember that and don't, ever, get emotionally attached to any one trade.

You are a professional trader. At the start of each trading day, before the market opens, take a few minutes to meditate.

Close your eyes. Start visualizing the market. See the real-time chart on your computer screen. Watch as the price gyrates up and down.

See yourself entering a trade. Notice you feel relaxed. You're alert but calm. Completely unemotional. Observe how the price moves after you enter. How it comes close to your stop loss. Mentally place a number of trades. Follow them through.

Now suppose you get a losing trade. Look at the big picture. You are completely unemotional and calm. You put on another trade. Again, another small loss. You are unmoved. Next a goes a winning trade. Again, you are relaxed. It is just a job nothing else.

This takes practice. And you must do it regularly to get the maximum benefit. Try it every morning, and any time you even begin feel stressed or you lose your focus. The advantage of this technique is it's free. And the payoff is excellent.

Read also

Top Forex Brokers Reviews here