Forex Trading and Hypnosis
April 19, 2009 by Admin
Filed under Hypnosis for Forex Trading
As I mentioned in the previous post fear and greed are two enemies of trading. One of the ways to deal with them is through hypnosis.
It is not easy to be calm when you lose money for some period of time. One of the ways to deal with it is to go for hypnosis sessions. This will help you eliminate irrational fears, substitute your greed with steel self-discipline and find your lost confidence.
Hypnosis is something to consider on an ongoing basis if you want to trade Forex for some time that’s why it is better to learn the basics and do it yourself.
What is self-hypnosis?
Self-hypnosis is based on complete relaxation and positive self-suggestions while in a deeply relaxed state and as such it is no different from positive affirmations and visualizations techniques.
There are three parts to this process:
1. Learn to relax deeply using the progressive muscles relaxation techniques. You should feel heaviness and warmth in the entire body.
2. After that you should be able to go into deeper states using “going down stairs” method for example, or “taking an elevator down” method or any other method that will allow you to enter even a deeper relaxation state. Using these methods you should visualize going down and at the same time relaxing even more.
Here you should be able to visualize perfect scenery and feel it with all your senses. It is better to do this before you enter this hypnotic, deeply relaxed state. Just write on a piece of paper your ideal place in all details including all the smells, textures, etc. so you will have a vivid, real picture in your mind.
3. When you learn to enter these deep states you can start repeating positive self-suggestions to yourself. It is better to write them down in advance. You can also record the whole process and just play back to yourself while in a relaxation position.
These self-suggestions or affirmations should be in the present tense, positive and not extreme – something you would believe.
For example, “I have a sound trading strategy and I always follow it no matter what”; “I am self-confident and follow through my trading plan”; “my trading plan is a sound, back-tested and forward tested plan and I know I will gain money if I stick to it”.
Never mention any negative emotions in your self-suggestions such as fear and greed since subconscious mind doesn’t understand negations. For example, if you say “I don’t have fear anymore”, what you are in fact saying is the word “fear” – this is the main point of your suggestion from the point of view of your subconscious mind. So your fear will be amplified.
If you really want to master hypnosis you will need an in-depth program to do so. I recommend you try this one.
