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We often don’t notice that our actions are irrational, and personal abilities are deeply hidden in the subconscious, «closed» by a previous negative experience, psychological complexes, or simply imposed by someone else’s opinion.
There are many methods for independent overcoming such psychological blocks. We offer the most simple, free, and effective one − the technique of positive affirmations.
It is a sequence of special psychological «phrases» that can be sound and/or visual. By repeating them in a certain order, you gradually replace your unproductive beliefs with more effective ones.
Strong motivational signals for your subconscious mind provoke inner dialogues and formulate arguments that help you to assess the situation differently, adjust your goals and make effective use of practical experience (both your own and others’). We offer you a proven «set» for creating an effective trader’s attitude.
For whom is this article?
Let’s not exaggerate – today, positive affirmations will be useful for everyone. It is no accident that those traders who are forced to work in constant stress become frequent visitors of psychotherapists.
If it has become difficult for you to carry out your usual actions, chronic fatigue interferes with perceiving something new, and even small failures cause a prolonged loss of self-control, we warn you: there is one step remained to the diagnosis of “depression” (check here Daily Affirmations for Business Success).
«It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.»
You can formulate a personal program for an effective trader’s attitude independently; the main thing is to increase personal self-esteem and «program» yourself for success.
The first group of affirmations: personal motivation
I am a successful trader!
It means that:
- I like what I do.
- I can achieve success.
- I set real goals for myself.
- I am ready to change myself to become successful.
- I am the guarantee of my success.
- I am confident in my actions.
In this mental installation, it isn’t allowed to change the time: you shouldn’t remain in the past − it is necessary to draw conclusions and move forward; you cannot wait passively – you need to achieve the goal «here and now», and not «later and in the future».
I’m not afraid of the market!
It means that:
- I am ready to make trading decisions.
- I always control my actions.
- I fix the losses in time.
- I take into account all the nuances when entering the market.
- I disable all destabilizing factors.
- I always analyze the results of transactions.
I admit my mistakes!
The bottom line is as follows:
- No one is responsible for my losses except me.
- A deal that is open not in accordance with my strategy or without Stop Loss is my fault.
- Loss of the transaction that contradicted the strategy is my mistake.
- Profit from the transaction that contradicted the strategy is my fault.
- Violation of the money management principles is my mistake.
- External factors do not affect the process of analyzing my mistakes.
«A problem well stated is a problem half solved.»
I’m ready for any situation on the market!
It means that:
- My aim is to understand the market and thereby earn money.
- Even if I haven’t made a profit yet, I will follow my goal.
- I always submit the trading discipline.
- I control a transaction calmly, regardless of the current result.
- I am always ready to close the order, if this is required by the money management.
- I always try to be in a state of inner harmony.
«If you look at what you have in life, you’ll always have more. If you look at what you don’t have in life, you’ll never have enough.»
So lets move on …
The second group of affirmations: Rationalization of the actions
I want to receive a stable profit!
It means that:
- I have to secure my trading privilege in the market.
- I open deals in the direction of major players.
- I prefer long-term transactions instead of short-term scalping.
- I fix a profit regularly instead of waiting for «super profits».
- I need to maintain an effective trader’s attitude.
- I do not open orders without a clear strategy signal.
I only trade on strategy!
The bottom line is this:
- I trust myself and my strategy.
- I understand that the conditions of the strategy are more important than personal ambitions.
- I can withstand a period without transactions before receiving a trading signal.
- I understand the reasons for opening a transaction, including the risk/profit calculation.
- I will not give up the strategy until the loss exceeds the level of risk.
- I am always ready to adjust the strategy for the new market conditions.
A period without trade is much more profitable than a losing trade that was open in spite of the strategy – because of boredom or emotions.
I only trade according to the trading plan!
It means that:
- I always make a trading plan before opening deals.
- I do not allow transactions beyond the trading plan.
- I analyze the market situation before each transaction.
- I wait for a signal and make a decision in time.
- I always control open deals.
- I can adjust the trading plan in the bidding process (check Forex trading plan).
I control the level of risk!
It means that:
- I trade with minimal risk.
- I do not use dangerous money management tactics.
- I do not increase the risk in a profitable transaction.
- I do not add the volume in a losing trade.
- I open transactions only with a high profit/risk value.
- I stop trading when the level of risk is exceeded.
My main goal is to save money, and only then, to make a profit.
The third group of affirmations: overcoming obstacles
I always control my emotions!
What’s the bottom line?
- I form an effective trader’s attitude before the bidding.
- I have no fear of loss and opening a deal.
- I do not make decisions in an unstable psychological or physical state.
- I do not feel greed or excitement when the transaction shows a profit.
- I do not experience anxiety or panic if the transaction shows a loss.
- I know my psychological problems and can overcome them (read here Emotions in trading).
I make a decision myself!
It means that:
- My mind is free of financial illusions and «commercial commotion».
- I do not allow someone else’s opinion to influence my trading actions.
- I make maximum use of the external information for the decision-making.
- I critically evaluate other people’s signals and recommendations.
- I am attentive to the fair criticism of my trading.
- I get moral pleasure from working in the market.
I want to be a professional!
No doubt about it, because:
- I do not gamble, I work in the financial market.
- I do not set a goal to win the market, but I want to earn in reasonable limits.
- I work for myself and my loved ones;
- I am willing to engage in charity.
- I am ready to invest profit in other business projects.
- I am grateful to the market for the opportunity to work on myself.
«Genius is one percent inspiration and ninety-nine percent perspiration.»
I have to use my chance!
Do you want to learn how?
- The market cannot be defeated, but a loss can be avoided.
- Even if I do everything right, I can get a loss.
- Loss is not an excuse for violating a trading strategy.
- I can suspend trading and analyze the situation.
- I can correct the mistakes and return to the market.
- Loss does not influence my effective trader’s attitude.
What is the result?
An practical method of autosuggestion is based on the real self-assessment, critical evaluation of trading actions, and behavior during the work in the market.
The process should be individual and reasonable so that not to become a zombification technique because the main task of such an adjustment is to increase your psychological stability and efficiency of your trading system (check «115 Affirmations For Traders: …» by Adam Gregg ).
As well as a trading strategy, affirmations can be practiced on a demo account. As a result, you should get your effective trader’s attitude, calm sleep, and profit on your trading account − in this very sequence.
Don’t forget: excessive autosuggestion leads to unreasonable self-confidence, after which losses are inevitable. Moreover, no affirmation can replace real knowledge, practical experience, reasonable logic, and a strong character.
Try It Yourself
Trading psychology is one of the essential pillars of the Forex success, so even if you are an experienced trader, you shouldn’t dismiss a trading psychology advice.
Do you need a comfortable space in order to take control over your emotions and get prepared to the live trading?
Simply download Forex Tester for free. In addition, you will receive 23 years of free historical data (easily downloadable straight from the software).
Grow your patience, boost your trading skills, learn to avoid psychological traps without drawing your live account.
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