I'm sure many of you have read Mark Douglas' excellent book, "Zone Trading. So how do you get into the "zone", that state in which you are most productive and make smart decisions? You can put into practice a highly effective exercise that will allow you to focus your attention and also allow you to take your focus away, especially from any negative thoughts that may be griping you, from any doubts and fears that could cause you to close a position too early or move your stop loss.
One of the key aspects of getting into the "trading zone" is the ability to stay in the present and focus on current events. Practicing the specific concentration skills outlined in this article will not only help you better focus and master the related skills, but will also help you more deeply develop your ability to stay present, notice and pay attention to those factors that are critical to your trading performance, while being able to avoid the distractions and obstacles that typically lead to poor performance, frustration and lack of discipline.
Exercise on Concentration for Entering the "Trading Zone"
1. Begin by focusing on your breath. Concentrate on the inhale and exhale. Just focus on the periodicity of your breathing.
2. Continue to focus on your breath for a set period of time, aim to do this for 10 minutes.
3. You will probably find that your thoughts lag behind your breathing. This is natural, this is how our mind works. Just focus on your thoughts. Let them go. Then focus back on your breathing.
4. Repeat this further until your allotted time for this exercise is up.
This is a simple but very powerful exercise that helps you develop not only the ability to sustain your attention, but also the ability to turn it on. Two very important activity skills.
Do the exercise daily for 10 minutes.
Visualization
Perhaps one of the most powerful and useful aspects of psychological training as a forex trader is the use of visualization.
Every action, feeling and behavior you have is the result of the activation of neural pathways in the brain. Neural pathways are the connection or system of connections between neurons in the brain. Essentially each pathway is a morphological model for a particular intellectual skill, feeling or behavior. These neural pathways are created and then developed and reinforced through practice and repetition, developing into a particular psychological concept, and after a while they become automatic - habitual. It is somewhat like walking through a field of wheat. The more often you walk along the same path, the more you tread the wheat, and the clearer and more visible your path becomes.
Using visualization will give you the opportunity to practice and take part in Forex trading even if you can't access the real markets, thus accelerating your development. You can use visualization more effectively in order to cope with losses or drawdowns, to overcome unhealthy habits and develop new ones useful for trading, to access and create in yourself a sense of confidence to be mentally prepared to trade in the markets or to contribute to achieving your trading goals.
Visualization should involve several senses (vision, hearing, sensory perceptions); it is better if it is preceded by a brief relaxation; visualization should be performed for 5-10 minutes.
Psychological training increases your potential for trading results and by applying it regularly in practice, you can develop new neural pathways in your brain, which will raise your stress threshold, provide conditions for the development of various emotional reactions and states, new and desirable principles of behavior in trading. Try the above exercises in practice.
One of the key aspects of getting into the "trading zone" is the ability to stay in the present and focus on current events. Practicing the specific concentration skills outlined in this article will not only help you better focus and master the related skills, but will also help you more deeply develop your ability to stay present, notice and pay attention to those factors that are critical to your trading performance, while being able to avoid the distractions and obstacles that typically lead to poor performance, frustration and lack of discipline.
Exercise on Concentration for Entering the "Trading Zone"
1. Begin by focusing on your breath. Concentrate on the inhale and exhale. Just focus on the periodicity of your breathing.
2. Continue to focus on your breath for a set period of time, aim to do this for 10 minutes.
3. You will probably find that your thoughts lag behind your breathing. This is natural, this is how our mind works. Just focus on your thoughts. Let them go. Then focus back on your breathing.
4. Repeat this further until your allotted time for this exercise is up.
This is a simple but very powerful exercise that helps you develop not only the ability to sustain your attention, but also the ability to turn it on. Two very important activity skills.
Do the exercise daily for 10 minutes.
Visualization
Perhaps one of the most powerful and useful aspects of psychological training as a forex trader is the use of visualization.
Every action, feeling and behavior you have is the result of the activation of neural pathways in the brain. Neural pathways are the connection or system of connections between neurons in the brain. Essentially each pathway is a morphological model for a particular intellectual skill, feeling or behavior. These neural pathways are created and then developed and reinforced through practice and repetition, developing into a particular psychological concept, and after a while they become automatic - habitual. It is somewhat like walking through a field of wheat. The more often you walk along the same path, the more you tread the wheat, and the clearer and more visible your path becomes.
Using visualization will give you the opportunity to practice and take part in Forex trading even if you can't access the real markets, thus accelerating your development. You can use visualization more effectively in order to cope with losses or drawdowns, to overcome unhealthy habits and develop new ones useful for trading, to access and create in yourself a sense of confidence to be mentally prepared to trade in the markets or to contribute to achieving your trading goals.
Visualization should involve several senses (vision, hearing, sensory perceptions); it is better if it is preceded by a brief relaxation; visualization should be performed for 5-10 minutes.
Psychological training increases your potential for trading results and by applying it regularly in practice, you can develop new neural pathways in your brain, which will raise your stress threshold, provide conditions for the development of various emotional reactions and states, new and desirable principles of behavior in trading. Try the above exercises in practice.
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
