Being successful, whether it’s in trading, business, or even in parenting, takes a lot of personal development.
You are continually tested by your surroundings (the forex market, your employees or coworkers, your children), and how you react before, during and after these challenges all play part in your success.
As currency traders, we all have those days or weeks when things just don’t go our way. Our losses are overshadowing our wins, and we can’t seem to consistently win. We start to wonder if we can ever make any “real” money and if our goals of becoming a full-time forex trader will ever be realized.
“Why did I ever get into forex trading? It’s nothing but a stress builder and a gigantic head ache. Who am I kidding? I think my hair is falling out!”
If you’ve been feeling this way and are asking yourself some of the same questions, it’s time to sit down and work on your positive thinking.
Any successful forex trader will tell you that he has made the mental decision to be as positive as possible in thinking, acting and doing, and that having a positive mind is critical in overcoming the setbacks brought on by trading.
Of course, as much as positive thinking and the Law of Attraction can put you in the right direction, it’s not enough to guarantee positive results. So what do you need to do next? Here are a few tips:
1. Begin the day on a positive note.
Start off the morning by looking at yourself in the mirror and saying “I’m good enough, I’m smart enough, and gosh darn it, people LIKE me!” And say it just like Stuart Smiley from Saturday Night Live… with enthusiasm!
No really, promoting yourself to YOU is a great first step in the right direction.
It helps you get in the right mindset, and helps you to start your day thinking positive thoughts. If looking in a mirror scares you, I’m sorry…try just saying it out loud to yourself.
2. Shake off the negative vibes.
Take note of your negative thoughts and understand that only you can change them. Once you start ridding yourself of those thoughts, you are thinking positively, while also creating a positive attitude.
The market has its ups and downs. Your trading will have the same. Loses are inevitable. They happen to everyone.
Think and visualize yourself as a successful trader. Imagine only positive results. Imagine the wealth you’ve created and the lifestyle it affords you. This type of thinking will help reinforce the ideas that first led you to the currency market and motivate you to stick with it.
3. Bring on the positivity!
Another easy method to assist you in becoming a positive thinker is to surround yourself with a positive environment. This can be your work space or the people around you. The world is filled with doubters and people who want to “help” you by destroying your dreams or shooting you out of the sky.
Make it easier on YOU by surrounding yourself with other positive thinkers who reassure and support your forex trading. And liven up your trading space so it’s inviting and makes you want to be there. Maybe it’s time to replace this crusty keyboard?
4. Spread the good vibes
Help yourself by being a positive talker to others and about yourself. Speaking positively fills your head with positive thoughts and ideas. Negative self-talk only helps to hinder your potential as a trader and keeps you from growing.
Do your best to welcome the currency market’s obstacles and view them as your opportunities for profits and success. Dealing with these obstacles will only help you to create a better trading experience.
Small changes in the way you think about yourself, think about others and think about trading will go a long way in your overall success as a trader.
While positive thinking doesn’t necessarily guarantee success, it puts you in the mindset you need to help you win your trades. And in the cutthroat jungle that is forex trading, you’ll need every advantage you can get.