One of the main problems of traders is not a trading strategy or system. The main issue is the ability to remain calm and emotionally detached from the trade and its outcome. Tormented by eternal enemies such as fear and greed, traders lose the ability to remain psychologically separated from their trading.
Meditation for Forex Traders
The main advantage of meditation lies in creating a clear and pure consciousness where there is no room for fear and greed. Thanks to meditation, nothing will be lost. Emptiness does not come from nothing, but arises as a result of total immersion in self-knowledge and inner awareness. A lack of greed doesn't make you less ambitious in achieving goals and forming desires, and a lack of fear doesn't lead to arbitrary risks.
Meditation is a great way to:
1. Overcome stress
2. Boost your creativity
3. Make your sex life better and increase libido
4. Start developing healthy habits that will lead to weight loss
5. Improve digestion and normalize blood pressure
6. Reduce the risk of heart attack
7. Help yourself to overcome fear, depression, anger, and confusion
8. Reduce pain perception and make cognitive processes better
9. Increase attention and focus on what is happening around you.
So, what is meditation?
The best definition is awareness. This creates space in the stream of consciousness, which allows you to get rid of all that is unnecessary. You will only have an indescribable inner peace and tranquility that cannot be compared to anything else in your life. It may take some time before you feel the results.
The older you are, the more time you will need. Enlightenment is a state of constant meditative peace. Everyone can achieve it without being a follower of a particular spiritual practice. Everyone has a seed for enlightenment.
Basic meditation techniques for traders.
If you want to start with something, then there is a simple meditation method, which anyone can easily master. Just repeat every day for 5 consecutive days, then analyze the results.
Find a comfortable place where you can sit with your back straight. You can sit close to a wall, on the floor or on a chair. Choose whatever you like more. Close your eyes and take a deep breath. You should breathe only through your nose.
When he breathes through his mouth, he can activate a state of fear and trigger a reaction based on the "fight or flight" principle. This may look similar to the exhaustion attempt of an attacking animal.
Concentrate on your breathing and try not to think about anything else. Count to 5 during inhalation and exhalation. Let your breath stabilize. You can imagine a blank white screen in front of you if that helps you to relax more. It can help you to get rid of automatic thoughts and relax.
Keep doing this for the next 5 minutes. If you want to keep track of the time accurately, you can set a timer with a less loud signal. Before you open your eyes, take a deep breath and imagine yourself calm and steady.
Then exhale, stand up slowly and continue your day.
Rest
The human brain is like a computer. We don't control it, it controls us. Its work is subject to a defined algorithm, which aims to solve problems. If there are no problems to solve, then he will look for them and find some. In most cases, they will not be relevant.
It will continue to dig in the past, analyze and work on it. Or will forecast the probability of future events to be ready for them. Should know how to solve problems to stay alive. So, this machine should also rest, and meditation is a very good choice.
There are no side effects to meditation. Try to practice it for at least a few weeks every day.
It's not hard to find just 5 minutes a day, but it will have a significant effect on your life and trading process.
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