You can’t control the market. But you can control yourself.
By all means, please do. Because in this crazy world of Forex, you’re gonna need a sane YOU.
Once you start this journey, chances are, your mind is gonna mess with you. Like the volatile price movements, your gonna find your emotions running high and low in the same minute.
You may wonder why people bother being in this wild industry. Because like what it can do to your mind, Forex will reward you with insane movements of money. This industry is the ultimate universe hack.
But before you become the master of the universe, you must first become a master of yourself.
How?
Trading Psychology. You will have to also train your mind, your thoughts, your emotions and find a way to use them to your advantage.
If you’ve been following our blog, you’d notice how I’ve suggested to find your trading style. It must be tailor fitted to YOU. So, you have got to seriously get to know yourself.
Ask yourself: Am I willing to sit through my computer for most of the day or I’d rather go out and do something else?
Because this would define when will you check the market and place your trade orders. And each time frame has strategy for entry (probably more on this on the next blog).
Obviously, that’s just the beginning.
After you get to know your basic self, you will discover someone you think is not you. But is actually you. Just your shadow lurking deep within you. When it introduces himself, you may find it as one of the following:
Fear
Regrets
Expectation
Impatience
Angry
Lazy
Disobedient
Blaming
Anxiety
Ignorance
Controlling
Pride
You could say that the root of all these is greed. Because who doesn’t like more money? These shadows show up mostly out of Insecurity. Since it’s human nature to feel such shadows of emotions, you don’t have to remove it. Instead, own it.
You read it right. OWN IT!
Take responsibility. How?
Presence of mind. Self-awareness. Be conscious.
Take in things as they are. NOT how you wish them to be.
When you’re out going somewhere, you will face a road from point A going to point B. You will see and experience a lot in between those points. You may encounter a cuddly dog, a smelly commuter, an oldie who needs help, etc. You may pass by the polluted air of the city or a fantastic lavender field. Take everything as they are.
In between hungry and full, what’s the best part? Eating.
You are faced with a problem, which is hunger. You solve it through Eating. Tell me, do you still mind the result, of being full? It just happens, right? Take it as it is. You will get there.
Between being a baby and being old, I bet you’ll love your energetic young adulthood the most. You reading this means you have the energy to live. You have what it takes to be. So wherever you are, whatever you've become, savor it. It will not take long, anyway.
Take it as it is.
Whenever you feel shadows of emotion, recognize it. Question why you're feeling it. Ask if it's really the truth. See a solution to it.
When you feel being lazy, for example, don't beat yourself up. Be curious as to why you feel lazy. Is it because you were tired? Is it because you only have an ounce of energy left? Now, how true is it that you only have few energy? Then perhaps, a nap would help. Or take a shower. Or eat good food. Or stretch a bit. Take it as it is. Deal with it as it is.
Regardless of points A and B, it’s the ones in between that you would enjoy despite the time, energy, and resources you would have to give. Love the process, the journey instead of the result or destination.
If in case you’re still wishing it to be something else, then find and go do that. We have limited time from point A to B, anyway. Go ahead. Do it. Progress and grow on it.
Yes, I’m still talking about Forex trading psychology. Because it’s just like Life.
Happy trading everyone!
Sincerely,
@marilesaca || Trading Kitten :3
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