I decided to make this topic to provide valuable free psychology articles to trading to help the babypips community out, ENJOY! yes i have permission to post these articles from the individual too.
Issue 1 – Introduction to Mindset Written by Adrian Leach
Welcome to the psychological aspect of life…. That part of your brain that you don’t know about, take for granted, don’t consider, or don’t really care about?
Over the following weeks and issues of Mindset Weekly, I hope to explain in simplistic terms what the brain does and why it does it, therefore, shedding some light as to why you react and respond in the way that you do. This is not limited just to trading but how you cope in your general day to day life. And, ultimately, to offer some solutions that will help you change the way that you think, feel and cope with life on a daily basis.
After all, you’re in control of your life, right? You chose when to get up, what to wear, how you’re going to get to work, what you’re going to eat and every other decision that you’ve ever made? Of course, you’re in control, you’re an intelligent human being; you’re educated, smart-n-savvy, you know what you want and you’re going to get it!
So why then at times does life feel so bad? That no matter what you do nothing seems to go right? In fact, the harder you try the worse it gets? At times you can’t cope, life’s stressful, you get angry and emotional, you argue for no apparent reason. Then everyone else seems to get what they want but not you?
Does that sound familiar? Well, you’re not alone, most people have felt that way to some degree at some point in their life.
It is said that the ability to trade the forex market is 20% analytical and 80% mindset. In fact, 95-98% of what you do on a daily basis is under the complete control of your subconscious mind. So, in reality, your ability to make conscious, rational, analytical decisions on an ongoing basis equates to just 2-5% of your daily experience.
95-98% of everything that you do is programming; a set of experiences that created a programme along with a belief. The programme allows you to engage with the world; a coping method, skill or strategy that allows you to deal with every life experience and, a belief system to go along with that programme. The belief system is based on and linked directly to your life experiences that created the programme. If all your initial experiences were good and positive then, your belief system will reflect that and you will feel strong, confident, capable and that no matter what you do, you will succeed.
However, if most of your life experiences were bad, negative and unhelpful, then once again, your belief system will reflect those experiences and you will go through life with hesitancy, fear and doubting your skills and abilities - in fact, it can seem like why should I bother?
So, right now, you’re probably wondering if you’re able to change your current mindset and develop those skills that are required to be a consistent, successful trader and those are the right questions.
The answer is yes you can change the way that you think, feel, react and respond - not only as a trader but in every aspect of your daily life. Whether it’s a skill or ability, a coping mechanism, or money, business, finance, health or even sport. All of them can be improved.
Why not become one of the 10% that think about it…
In the upcoming issues, I will go into detail of how to get your mindset reprogrammed, understand why you are thinking or feeling the way you are and how to apply the solutions to the markets, plus all other aspects of your life.
Adrian Leach
He is the senior mindset coach at a trading company. While studying and practising many energy healing systems spanning 40 years (EFT, TAT, TCM, Yuen Method, NLP, Applied Kinesiology, Qigong etc.),He gained qualifications in Massage, Reflexology, Hypnotherapy and Psychotherapy. His goal is to continue to help his clients experience freedom from life’s emotional trauma, stress, negativity, limiting beliefs and to holistically balance the Mind, Body and Spirit.