Forex Market Psychology

3. Visualization – a strategy for success

Strategy
Written by forex

Many professional and ultraspank leaders in sport use the power of visualization to achieve all possible levels. Far from “hocus pocus”, the art of visualisation is fast becoming the recognized method of successful work.

The most ardent supporters of visualization – athletes, but there are surgeons, entertainers, and even businesspeople who imagine how they will act and react to various adverse situations that can happen during an important meeting.

How visualization can help traders? Here is a real example of a successful trader that uses it. “At the entrance to the building where my office is, there is a fountain. One morning I arrived too early, so sat on a bench and stared at the fountain. I imagined myself at my Desk. I saw myself calmly executing each transaction, according to his well-laid plan. When triggered my stop loss, I came out of the transaction without emotion. When was reached the profit target, I quickly assessed the situation and decided to proceed with the deal or exit. I spent in my dreams just a few minutes, soon got up from the bench and went to his office. “In that day happened a wonderful thing,” he continued with a smile. “I made some of the best deals in your entire career. In fact, the day went similar to how I imagined it. Now every morning I sit in front of the fountain and imagine yourself making transactions as easy as possible. At the end of the day I leave the office with a saved energy and tangible results.”

Try to use this simple but effective method before starting your trading day. Go to a quiet place where You will not distract for several minutes. Sit quietly and picture yourself working effectively throughout the day. Following the example of the trader, see yourself calmly and confidently commit the transaction according to his plan. The more You practice visualization, the better will be able to maintain calm and focused approach to trading.

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