Forex trading is really stressful and the traders who do best are those who are able to keep their emotions out of their trading…
Even getting started in forex is stressful, there’s so much to learn when you’re a beginner!
Now, keeping your emotions out means not to let your feelings make your decisions for you, and simply because it’s hard to make good decisions under stress..Emotional decisions don’t pay in Forex trading…
It’s important to remain calm under stress, your trading should never be driven by fear, panic or dreams of wealth…
Stress automatically sets off a physical reaction in the body, often called the ‘fight or flight’ response. Adrenaline surges around the body screaming at you to take some kind of action, which could make it really difficult to wait for the right signals to open or close a trade when you’re so anxious…
When this happens, it feels like you have an intuition to take a certain course of action, but it is important not to act on it unless you’re a very experienced trader. This kind of intuitive decisions of some successful traders are almost certainly based upon subconsciously remembering and recognizing patterns in the market from their many years of trading…but if you aren’t that experienced, your impulses to act in a certain way when the pressure is on are coming from the stress you are under…
Stress can be caused by fears of failure, in this case the best thing to do is try to see everything as a learning experience. In this way of looking at life, there are no mistakes, you only see learning opportunities everywhere. This should help you reduce your stress levels a lot.
Stress can also be caused by a series of losses or just fear of losses, or from using a system that involves going to a level of risk which would be way outside our comfort zone.
Easy tips to reduce trading stress:
- Try to have confidence in your trading system, you’ll enjoy more peace of mind if you can trust your system and you’ll feel less anxious because you’re confident…Use a demo account for a while to work on your approach to trading so you gain confidence on your system,
- Take a break from the computer and try to do things you enjoy. Theree is no room for stress when you’re fully engaged in an activity you love.
- Stick to your trading system and avoid feeling overwhelmed by the crazy Forex market and its fluctuations.
So next time you are sitting at your screen knowing that you must wait for the right moment and yet dying to jump in right now, remember that’s not intuition, it’s stress bumping up your adrenaline and with the help of these easy tips you should be able to reduce your trading stress levels and learn to have more confidence in your trading system.
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