How to reach Olympus In The Market

Trade, like sports, is aimed at achieving the highest discipline and a trader, like every great athlete will periodically seek the best results. Each participant went through the Olympics is very hard physical training, but the difference between those who won the Olympic medal and those who do not have is the psychological mood of victory. Most of the time of initial training focuses on the trader's trading strategies and market analysis. But what are the necessary components to achieve Olympus to trade? What are the tools for the formation of the psychological part of the game and exit the inevitable crises that may arise in the work?

Attitudes
First, what attitudes necessary to achieve the peaks in the trade? It will eventually enter into the rhythm? There is nothing better than to feel the "flow" - especially in trade. This is what keeps us in the game, because trade is sometimes very cruel business.

There are several key common components, which make you the best (see right column), regardless of the type of activity.

Key components of achieving the peaks in their

1. Passion. You must be passionate about what you're doing and get pleasure from it. First, passion, and achievement.

2. Confidence. The highest achievements depend on the availability of a high degree of confidence. You must be sure that will be able to take control of the situation and get out of a difficult situation. You should also be sure that you have a favorable result over time.

3. Concentration. Requires extreme concentration. You should focus on process rather than the result.

4. Flexibility. Achieving results depends on the ability to rapidly switch and forget about the mistakes.

5. Call. Higher requires pushing yourself to overcome obstacles. Stay in the safe zone becomes your brake. Drop me a call - take this difficult transaction. If it does not work, then do not worry - your risk was limited, and you will be able to praise themselves for having at least tried.

6. See and do - do not think! The highest achievements are obtained when the cord and switching to autopilot. It means "to be in the Zone." You can not deeply analyze the market during the trading day.

7. Relax. When you're relaxed, your reflexes and excellent sense of time, because you are free

Expected success. It begins with your samonastroya. You kill yourself in case of error? Or are you talking about yourself - the next time I dobyus greater success, because I have excellent management of trade and I am an excellent trader!

Motivate themselves and believe in yourself. Positive samonastroy leads to a positive certainty. If you believe that you can do something, then you will eventually find a way to achieve this. When you are there is confidence that the end result will be positive, you are psychologically and physically more relaxed. You then have a better concentration, which leads to more effective enforcement, which, of course, leads to the heights in the work.

On the other hand, negative samonastroy sow seeds of doubt. This reduces the self-confidence that leads to a negative system of confidence. Then it creates anxiety, which leads to impaired concentration. Hence, a trader becomes a tense and uncertain, which in turn leads to low efficiency. The vicious circle is closed!

Positive samonastroy
What could be more specific tools to interrupt the vicious circle and get out of crisis? Number one tool for beginners is a positive SAMONASTROY. It is important that we talk to ourselves. You need to know about things that you yourself say. Reading is also a powerful tool. Read the speech and a book on positive thinking. Norman Vincent Peel, Napoleon Hill and others may be useful for this purpose by the authors. Richard Martsinko wrote a book called "warrior-rogue." He spoke of the desire of gains and the belief that any circumstances can be overcome. This is a very inspiring book for traders.

Next - act as if you are already a fact, you'd like to be. Over the manner, the inner spirit and it the best traders. In addition to samonastroyu reading of relevant literature and develop Mental picture. Visualize what you're going to do with your money or how to look like something you want to achieve in life. Think of the possibilities, which will give you money for any enterprise that you want or to make the lives of others better. Visualizes the home of your dreams. Programs your subconscious, as if you're already there. Laugh dream.

So - samonastroy, literature and painting. What next? Look at what surrounds you. Your success in the trade will also be a result of your environment and it is not only a place of work. Look at the people who surround you. They support your actions? Surrounded himself with people who believe in you, that smile, and who are enthusiasts of the business. Top Olympic athletes have had friends and family supporting them at every stage of the road.

Preparation
All these factors relate to the external side and internal system of self-esteem. Now let's move on to part of the implementation! Each trader must be ready before the opening of the market, that is, do their "homework"! Prepare your daily trading plan, how to find new deals, and for the management of existing positions. So, assuming that you have done your daily "homework" as a trader, the next stage, you must learn how to enter into a rhythm. There is no better tool for this than the presence of certain traditions and rituals. Predrynochnye rituals help calm the nerves, include you in the rhythm of working, as well as helping to shut down the logical part of your brain - the part that wants to analyze everything too. Perhaps there is a sequence of actions that you perform before the opening of the market. Perhaps, in the middle of the day you wish the price schedules or take periodic market activity data. Perhaps you are running the magazine and make a mark. At the end of the day, what you're doing a report on their transactions? What do you do to relax? Baseball players, for example, have a certain ritual which calms the brain and puts them into autopilot. This supports their involvement in the process and not thinking about the result. For example, one of the most common rituals in the exchange hall is to be the same insipid, but "lucky" tie every day. If the brain is believed that the tie is happy, then, from the benefits already.

Another important factor: in a healthy body - healthy mind. Perform the exercise! This ensures the inflow of oxygen to the brain and supports the normal period blood. How can you hope to become a specialist in-class, if you eat meat substitute and are hesitant insulin? Or perhaps you drank too much wine the previous evening, or perevozbuzhdeny of too many coffee. As you can concentrate well, if you do not rest, as can be seen at night? Undoubtedly, most of this only a minor factors, but they all can attack on your work. An attack of coughing can lead to what you forget to set a stop order or allow a bad position to be in the market for too long. Then, a bad deal would be detrimental to your self-confidence. You must protect your level of confidence. Good habits will keep your confidence at the highest level. If you have good habits, it will allow you to increase the size of your transactions.

To move to a higher level of trade and increase the volume of transactions, you must have a solid foundation of good habits.

Setting Goals
There is another extremely important point, which is an integral part of your success - it is Setting Goals. When you set your goals, they must be specific and measurable. You should also share your goals into smaller parts. Maybe your big goal is to make a 7-digit sum for the next three years, but as you reach it? Make a more detailed business plan, which would not be focused on money, but will help you ultimately reach your targeted money goals. Perhaps it includes - what deals you have to do during the week how much time you should devote every evening training and study schedules, and plans for risk management. And short-and long-term goal of helping to reach the top in the trade.

You should also have specific ways to measure their results. Champions know what they are worth. They know their capabilities, their allowable percentage of errors and their competitive level. The same should apply to your trade. Watch for her weekly Win / loss, its frequency and the average number of trading profits or losses for the month. Only with measurable results, it is possible to judge the increase or not the effectiveness of your work and whether you're moving to its goal!

The field of battle - this is not the market, but that inside you. The more you talk with other traders, the more you realize that everyone goes through different variations of a similar experience. Each performs many of the same classic mistakes. But what distinguishes those who can eventually overcome them?

. Wish. The most successful players - those who have the burning desire to win.

. The theory of failure! Do not get out of the game. Do not throw!

. Sequence. Be consistent. Stay active, stay involved and be in motion.

. Patience. Be patient. Do not force a deal that is not ripe. Wait, when the time comes.

. Management. When you have a good attitude, go for it. Manage it. Move stop-order. Do not rush to leave.

. Flexibility. Be flexible - if what you are doing is not working, change what you are doing!

. Confidence. When experiencing recession, add a bit of rhythm and confidence will come. Do not be afraid to be overly ambitious.

. Concentration. Focus on your game. Do not let external stimuli disturb you. They violate your concentration.

. Know yourself. To measure their strength with market conditions.

. Rationalize your actions. Avoid stupid mistakes and voluntary losses. This includes absence from the bad deals that you know that are wrong.

. Positive attitude. Many players will play much better when they are positive.

The accompanying commentary (see right column), were chosen from the book Brad Gilbert "winning an outrage," which was written about tennis. There are many parallels between tennis and trade - both an individual activity.

And finally, remember that the relationship - that's all. The way you form personal experience, your future success depends. You accept the trade or losses during the recession as a serious obstacle or do you view this as an experience from which you can understand how to stay on the right side of the market in next time. Many traders use the great periods of recession, to get back to work on the trading strategy. Some of the best trading systems and approaches have appeared after periods of crisis. What is the incentive to learn and something to improve, if everything goes like clockwork, and we are satisfied and happy? But when hard times come, we must stand up and prove that we can overcome any obstacles in our way. First a small moral victory - is the first step to conquer Everest. And if you continue to make small steady steps, you will eventually reach the Olympus. Sometimes the trader is a strong sense in the world - is to play back all their losses, no matter how long it will take, because as soon as you did, you understand that something standing.

Forex Magazine
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