Trading is a more psychological work and your success or vice versa, your failure in the forex market depends on your psychology. If you decide to move into trading systematically, it does not reduce the emotional pressure in making decisions when trading.
Often, Forex Traders argue that the absence of emotions can help when trading. But worries, fears, greed, hope, confidence, regret and happiness come together in the process of trading. Suppressing emotions when there is a feeling that includes you, means you ignore your sixth sense, intuition and ultimately your insight. Emotions also deliver information flow for us. We are guided by this information, acting on that information. But it is given to us to control our emotions and to turn one sentiment into another.
There are several ways to control your emotions:
First, you can change your emotions by changing concentration objects. this method is very effective. The thing that interests us so much will be made real to us. You can feel the loss, or otherwise imagine the chance to gain profit.
Second, by changing beliefs and beliefs that you can change your emotions. Every belief that we maintain during our lifetime becomes a kind of filter for us, affecting all the information we receive. All the views accumulated during our lives affect the interpretation that our conscious will accept.
And finally, the third step to change our emotions is with a change in physiology. Changes in breathing, mimic, body position, tone and the tempo of your voice, all this affects the emotions not only for forex traders, but also everyone.
Attention Center The center of attention is the most significant element of your emotional state. Because when you focus on something in the process of trading Forex, something is not just an ongoing reality but also a factual reality.
All actions affect your interpretation of events and consequences affect your emotions. All of this manipulates your behavior, and your decision accepts the meaning of emotional connotation. In this case, it is necessary to clarify the priority:
What are you waiting for? Do you anticipate potential losses? or do you expect profit? Those who only see losses seem hesitant to enter the market or even abandon the transaction. But when deciding to enter the market, they quickly make a profit. Trading is an attempt to balance.
A trader should focus on the advantages and disadvantages and try to balance the two. A trader should concentrate on the probability of his method, and concentrate on the information provided by the market, because that is the most accurate and reliable. Physiology It has been proven that our bodies manage our emotions, and emotions influence our thinking.
The easiest and most consistent step to change the emotional state is to change our physiology-the tempo and the length of our breath, the sound or even your posture. Notice your position, the way you sit, breathe, whether your facial muscles, shoulders and muscles all over your body are tense. If you feel uncomfortable, you should sit in a comfortable position for you. A really simple physiological manipulation can be an effective instrument for controlling your feelings / emotions. Take control of your emotions, and this will really make you a more successful trader!