It may not have crossed your mind that forex and meditation might ever go together, but if you consider that psychology is one of the most important aspects of trading, then it’s not so much of a surprise.
Forex Trading Frame Of Mind.
Whenever you trade forex you will know that you have to be in the right frame of mind, you have to at least be trading in a calm and thoughtful manner, you know that the slightest kind of stress from outside sources can derail your trading. This is exacerbated if you have money worries, your trading decisions will be directly impacted by the need to resolve your money problems, and this is probably the fastest way to ruin what might be a situation that could be rescued.
Meditating For Forex.
Now that we’ve established that it is an absolute must to be in the right frame of mind for forex trading, what is the best way to achieve this? There are a number of techniques you can use, like Neo Linguistic Programming or EFT, but also meditation can be very useful, meditation calms your mind and gives you clearer thought processes, you become more pragmatic and in control, which are just the qualities you need for forex trading. Learning to meditate is easy, it’s not a hard thing to do in the first place, but you have to know what to do and there are plenty of videos on Youtube that will help and plenty of websites too.
Direct Forex Meditation.
There are traders out there that simply trade the market by looking at the chart and if it’s going up, then they’ll buy with it, and when it stops they sell, but this takes a lot of control. The way they obtain this control is by meditating about forex, meditation usually involves blanking out your mind, but if you go through this process and then only keep focused on forex charts, and thinking about the rhythms of the market and how they flow, then it can go a long way to help you with your forex trading. Meditation will also help your sleep better, and getting a good night’s sleep is an absolute essential to successful forex trading, you need a sharp, clear, calm mind to trade forex, trading when tired is a good way to start making bad decisions that usually lead to worse ones and that can have a really negative long term impact on your trading psychology and henceforth your profits.