Mental exercise to strengthen trading skills
Financial markets, from stock markets and digital currencies to forex and commodity markets, have always had their charms and challenges, and each of them, along with its fluctuations and risks, has provided a great opportunity to earn profit. Traders as the main players to succeed in these markets, need to have a combination of specialized knowledge, analytical skills and emotional intelligence.
It can be said that the thing that is most important and perhaps less discussed is the ability to manage the mind and psyche against the pressures of the market. Man is always guided by his mind and thoughts, so it is not unexpected to say that you need to strengthen your mind to strengthen your trading skills. As a trader, you need to train your brain with mental exercises to take full advantage of your mental abilities. Mental exercises are a set of techniques and methods that help traders strengthen their mental and psychological skills.
These exercises will help improve decision-making, increase self-confidence, increase concentration and reduce stress. It can be said that many successful traders in the world always use these mental exercises in their daily routine. In this article, we will examine five mental exercises that can help strengthen trading skills and make traders more prepared to face challenges and market pressures.
visualization
Visualization is an effective technique for preparing the mind and predicting different scenarios in the financial markets. As a trader, you must visualize the profit or loss path of your trade before starting the trade. Traders can visualize themselves in different market conditions and predict appropriate reactions. This technique will help traders to be more prepared in the face of market fluctuations and unexpected events and make better trading decisions.
meditation
One of the most effective ways to increase concentration and reduce stress in transactions is meditation; Meditation is a very practical mental exercise that is used to master the mind in critical situations. In meditation, instead of paying attention to the outside world, a person turns his attention to the inner world to achieve peace of mind and body.
Meditation will help traders to direct their mind to a single central point and avoid mental distractions, reduce stress and anxiety and maintain calm in the face of various situations, increase patience and concentration. Raise your mind. Strengthening these features will greatly help traders in trading and sudden market conditions. In the following, we will describe some effective techniques for meditation suitable for traders, which you can use:
Focused meditation
First, be in a quiet place without traffic, sit or lie down in a comfortable position; Take a few deep breaths to calm your body and mind, then focus on an object or point (such as a spot on the wall, a candle, or a mental image). Give it your full attention and if your mind wanders, gently bring your attention back. Doing this exercise for 10 to 15 minutes a day increases concentration and calms the mind.
Breathing meditation
in a quiet place without traffic, sit or lie down in a comfortable position; First, take a few deep breaths and focus on your breathing. Breathe slowly and naturally and pay attention to the flow of air in and out. Pay attention to how air enters and exits the body; If the mind wanders, slowly bring your attention back to your breathing. Do this exercise for 10 to 15 minutes during the day, continuous practice of this exercise will increase concentration and peace of mind.
Deep breathing
Deep breathing has many benefits, including reducing stress, improving concentration and attention, increasing the sense of relaxation and increasing self-awareness. This helps traders to keep calm in stressful market conditions and perform better and more accurate analysis. Deep breathing can also help regulate emotions and reduce negative emotions. Below are some effective breathing techniques for traders that you can easily do:
Diaphragmatic breathing
Lie on your back or sit comfortably, place one hand on your chest and the other on your stomach. In this position, breathe in slowly through the nose so that your belly rises and the chest remains almost stationary, and exhale through the mouth, so that your belly moves inward. Repeat this cycle for 5 to 10 minutes.
Breathing 8_7_4
Lie on your back or sit in a comfortable position, inhale through your nose for 4 seconds and hold your breath for 7 seconds, then exhale slowly and fully through your mouth for 8 seconds. Repeat this cycle 4 to 8 times.
Intermittent breathing
In alternating breathing, you breathe in through one nostril while keeping the other closed, then switch nostrils and repeat the process. This breathing technique should be done for 5 to 10 minutes.
Box breathing
Lie on your back or sit comfortably, inhale for 4 seconds, hold your breath for 4 seconds, exhale for 4 seconds, and hold for 4 seconds. This cycle should be repeated for 5 to 10 minutes.
yoga
Yoga is a combination of physical exercises, breathing exercises and meditation that helps to increase concentration and attention, reduce stress, increase decision-making power and improve mental and physical flexibility. Here are some effective yoga moves for traders that you can easily do:
The state of the mountain
To perform this movement, first stand and put the legs together, keep the two arms on the sides of the body and straighten your spine and pull the shoulders down slowly, take a deep breath and calm your mind. Stay in this position for 1 to 2 minutes.
The child’s condition
Sit on your knees and then bend forward until your forehead touches the floor, then stretch your hands forward and take a deep breath. Maintain this position for 1 to 3 minutes.
The status of the tree
To perform this movement, first stand, shift your body weight on one leg, raise your hands above your head and put your palms together, while maintaining your balance and focusing on one point. Stay in this position for 30 seconds to 1 minute for each leg.
personal discipline
One of the most important factors that help traders succeed in the financial markets is having personal discipline. Having personal discipline means the ability to control emotions, decisions and behaviors in an orderly and stable manner. Personal discipline increases focus and attention and helps traders control their anxiety, make decisions based on analysis and strategy, and avoid emotional decisions.
Also, having personal discipline will help traders to increase their trading productivity and improve their performance. Following a regular routine and having personal discipline creates constructive and positive habits in life and increases the trader’s self-confidence.
Solutions to strengthen personal discipline in traders
Setting goals: It will help traders to know their path better and stay focused on it. The goals set must be specific and measurable so that the trader can track his progress.
Daily Planning: Following a daily schedule will help traders to manage their time in the best way. For best results, divide your time into different activities such as studying, analyzing the market, and resting.
Regular yoga and breathing exercises: Regular yoga and deep breathing exercises that we mentioned will help calm the mind and increase concentration.
Regular rest: Taking regular breaks throughout the day will help traders to renew their energy and prevent mental fatigue.
Performance evaluation: record your transactions regularly and accurately, this will help you to identify your strengths and weaknesses well and always strive to improve your performance.
final word
Success in financial markets requires a combination of knowledge and awareness, different skills and mental abilities. Doing the mental exercises that we have mentioned in this article will help you to strengthen your mind, to trade in the market with more focus and calmness and to perform better in the trades.