FX COACHING
effective at dealing with losses or setbacks; overcome bad trading habits and condition new positive ones; access and build feelings of confidence; get mentally ready to trade the markets; or enhance the achievement of your trading goals. Visualisation should be multi-sensory (see, hear, feel) and is oſten best preceded by a short relaxation and performed in 5-10 minute concentrated bursts.
Using Imagery To Overcome Trading Challenges
Here is an extract from a visualisation exercise that is designed to help you to develop your abilities to cope with specific trading challenges you have. You can utilise the technique below very simply by taking a moment or two to relax and then reading through the script. You will soon be able to perform this by memory alone.
The mind at a neurological level cannot tell the difference between a real and an imagined experience, as evidenced through neuroscience studies using brain image scanning.
that feeling or behaviour. Te mind at a neurological level cannot tell the difference between a real and an imagined experience, as evidenced through neuroscience studies using brain image scanning. In real life we can understand this by thinking about a time when you have had a nightmare. Was the fear any different to in reality? No. Your heart was pounding, you felt scared, you had clammy hands and were sweating. Your body responded just as though it was real. Te utilization of specific visualization techniques can have a big impact on the speed at which conditioning of behaviour and emotional response occurs, and that the appropriate neural pathways are formed. Using visualisation can enable you to practise and get trading time in, even when you can’t get access to the markets, thus accelerating your progress. You can use it become more
28 FX TRADER MAGAZINE January - March 2012
And now take a moment to consider some of the setbacks, problems and difficult situations that occur for you in your trading… Picture one example now… Float forward into your imagination…. Imagine it happening to you sometime in the future….What is it? …Where?... Step into your body and imagine yourself responding positively to that situation… dealing with it effectively… Hear yourself making positive and useful explanations to yourself… Feel your self being confident about your ability to deal with these situations…. Composed and focussed…And experience yourself successfully resolve that problem/overcome the challenge… Coming out on top…
Your Mental Training Plan
Mental training increases your trading performance potential and by practising regularly you can develop new neural pathways within your brain that increase your stress capacity, enable different emotional responses and condition new and desired trading behaviours.
My challenge to you is to commit to one of the training exercises from this article and practise daily for 6 weeks. Look for signs of progress and of the benefits of your mental training regime to your trading performance.
Steve Ward
FX Trader Magazine readers can receive a free Audio Download from Steve Ward’s “Mental Training for Trading Success” program: Choose your download here and contact
info@fxtradernagazine.com to receive it for free.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97