TRADING PSYCHOLOGY 104 : THE MIND, ONE'S HIGHER SELF AND FOREX EP 2

 Hello and happy weekend traders, I hope you're all doing great and enjoying your weekend from the hustle of analysis during the busy week. As you enjoy your weekend, here are some nuggets to think about concerning our psychology as traders in relation to the mind, one's higher self and forex. Trading forex is more of a mental and emotional game than it is a physical game. Most traders focus on the technical and fundamental analysis and neglect the psychological aspect which is very important. One's ability to perform technical analysis may be good but the psychological and emotional aspect may be missing hence leading to unprofitable results even when presented with profitable setups. This reaction is usually linked to previous losses and holding on to the emotional pain caused by losses in the markets that one should instead convert into lessons to learn from positively rather than giving negative energy towards them as losses are part of the business and how to handle them is what matters. Anxiety, fear, and greed can be linked to past market experiences and traumas buried deep within the subconscious mind.
One can probably think back to a traumatic experience and as one visualizes the scene and thinks about it, one may feel past emotion rise again. The specific scenario was deeply programmed into the subconscious mind with a strong emotion. If one experiences a large winning streak in the markets and gets overconfident, the wins become deeply programmed into the subconscious mind that if a loss occurs, it damages one's ego leaving an emotional wound that hurts and if not well managed tends to become the beginning of disaster especially for amateur traders. For professional traders, one tends to perceive such an encounter as a lesson to become better and learn from the loss. If one experiences a losing streak in the markets, one tends to be afraid to take the next trade due to the results of the previous trades which become programmed into the subconscious mind leading to missing of potentially profitable setups due to fear of a repeated result. In most amateur traders, this experience is what makes people quit forex. However in more experienced traders, such a situation is taken as a lesson to assess one's strengths and weakness in order to improve and become a better trader. When one is operating within the illusion of fear, the mind sends your body chemical messages in the form of fight or flight. Powerful vibrations of fear and dread are sent into the universal field, ultimately forming a barrier of resistance. Resistance is the ultimate form of blocking the universal flow. A major problem for most people is that they're only aware of their conscious beliefs and behaviors, not of subconscious beliefs and behaviors. Most people don't even acknowledge that their subconscious mind is at play or even exists. Your subconscious beliefs either work for you or against you.