When fear contaminates your trading mind, you need to understand the fact that until you learn the art of managing fear, you will not improve in Forex trading. Now the question is how to deal with it. In this article, I will try to present how to conspire over the different states of mind that are eroding a trader's financial dreams. If you accept the assumption that your performance is partially dependent on your emotions then you must need to know the art of having control over them.
Different feelings during trading are just like an experience that is subjected to the emotions which are deeply rooted in your beliefs about yourself. You must know how to adapt the mastery of having control over your fear and doubt. You should make yourself believe that these are just embedded in your beliefs. Just arrange all the pieces of the puzzle by coordinating all the feelings and emotions systematically which overwhelms your trading psychology and ruins the potential of the trader's mind. Unfortunately, your survival in the Forex environment depends on how you manage your emotions.
Let me ask you a question, when do u fear? I think you feel it when you experience any threat in front of you and in the end, you find yourself in an uncomfortable zone. Everything is downhill after a trader is possessed by fear. But once you develop the required skills you may get through all the problems faced while trading with emotions.
Breathing style calms your mind and is a band-aid for your heart!
Learning to take a breath in such a way that can manage your emotional state, known as emotional state management, is the first fundamental skill needed to have the mastery of controlling emotions. It's all about your state of mind that can observe the situation and convert the trader's breathing style into fear-based breathing in order to learn the episodes of the rigors of trading.
Speed brakes to listen to your thoughts!
Just calming your mind is not the complete solution to handling emotions. Make a clear distinction between "you" and the observer of "your thoughts". This is the situation that can be managed by "mindfulness". Give a break or slow down your thoughts and let your mind listen to them.
Ignite your optimistic approach to avoid the internal dialogue!
Here from the internal dialogue, I meant to avoid the negative statements that you hear from your mind like, "I'm going to lose this time", "I can't win "or "I'm not smart enough to learn the tactics of Forex online trading".
Trust me, these sentences would not imply over you until and unless you do not permit them to do so. So think positive and be optimistic. Once you develop this approach, no internal dialogue can dominate you. This simple idiom would work for sure, anytime anywhere.... everywhere!
To get peak performance of the mind, just learn discipline, impartiality, patience, passion, compassion and have a positive attitude towards psychological changes. Once you develop such potentials within yourself, you would be known to be a smart and an awesome forex trader!