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Unusual Things That Will Help You Become a Better Trader. Part I.

6:22 AM Aug 7, 2020
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Trading Psychology

Any person that wants to become a professional trader with a stable income needs only a minute to google phrases like "how to improve trading psychology" or "how to improve trading skills". But such publications usually have much advice that has been known for a long time. So what makes you a better Forex trader?

Professional traders’ success lies not only in a solid trading plan and a well-developed risk management system. Good Forex performance starts with personal growth. You should develop discipline and a set of good habits that can make you a better trader and a more successful person in general.

Start With Healthy Sleep

Let's begin with a quite obvious but important thing. To trade successfully, your brain must work to its maximum capacity. If you don't get enough sleep, your performance will inevitably drop, which will affect your trading results.

Healthy sleep depends on many factors. Not only on the number of hours. The following tricks will help you:

  • Don't look at screens an hour before bed. This applies to any device: computers, televisions, tablets, telephones, etc. Due to the special blue glow and light in general, the level of the sleep hormone decreases which makes the quality of rest decrease.
  • Remove any excess items from the bedroom that might distract you from sleep. The cleaner and freer the space around you, the better you sleep.
  • Get yourself a comfy pillow and quality bedding that won't irritate your skin.
  • Take care of a comfortable temperature. If the room is cold, use a warmer blanket. If it's hot, turn on the air conditioner or fan.
  • Avoid eating a few hours before bed to keep your body focused on rest and not on digesting food.

I hope there is no point in reminding you that you need to sleep for at least 8 hours. And we are talking about actual sleep, not time spent in bed. Pay attention to how much it takes you to fall asleep and go to bed a little earlier. You will be surprised how much your standard of living and your trading results will improve when you start getting enough rest.

Build a Healthy Morning Routine

Have you noticed that almost every successful person believes that you need to get up early in order to achieve something? The secret is that the maximum brain activity occurs in the first half of the day. But before you get to work, you will probably need to complete a number of morning procedures that will set the tone for the whole day.

I advise you to get up at least at 6 am. Most rich and successful people do the same. Many of them start their day at 5 am and here's why:

  1. In order to tune in the right mood, you need to build a morning routine. It will take time that you gain from an early rise. I will tell you how to build your morning routine later in this series of articles.
  2. By getting up early, you train the self-discipline that will come in handy in your trading.

Remember that in order to get up this early, you will need to go to bed no later than 9 pm. Revise your schedule and rebuild to make sure your sleep and morning routine fit perfectly into it.

I understand that these are strange tips for a trading blog. But the title of the article speaks for itself. In the following articles, we will talk about a few more unusual things that will improve your trading and your daily life performance.

In the meantime, you can try the tips from this article and see how they will affect you.

Click to Start.
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Forex advantages of forex aggressive EAs applications apps ascending triangle ask auto-management auto-trading averaging balance bar chart bars base currency bearish bearish spike bears beginner mistakes beginner trader beginners belt hold bias bid bid/ask bitcoin bonuses breakeven breakeven stop loss breakout breakout strategy breakout trading breathing techniques broker brokers budget bullish bullish spike bulls business buy buy trade buy/sell candle candles candlestick chart candlestick pattern candlesticks carry trading cashback cent account cent accounts cent trading central banks channel chart charts chasing the market checklist clicking the button close trade coins commission commodities competitive advantage confidence confident trading consistent profits consolidation consumer price continuation pattern copy trading coronavirus corrections correlation counter-currency counter-trend trading criminal risks cross currency cross pairs cross-currencies cross-currency cryptocurrency cryptocurrency market currencies currency currency market currency pair currency pairs currency rate currency wars daily candle daily chart daily charts dark cloud cover day trader day trading dealing with losses demo demo account demo accounts demo trading deposit bonus deposits descending triangle devaluation diamond discipline disposition effect distribution divergent triangle doji double bottom double top downtrend drawdown economic calendar economic indicators economic news economic sentiment economical calendar education emotion control emotional trading emotions emotions control end-of-day trading engulfing engulfing candle enter trade entry point entry price equity ethereum euro evening star excessive trading exit point exit trade exotic currencies exotic pairs exotics expanding triangle expert advisors export false breakout false signal fast trading fear fears fed rates decision fees female traders figure figures financial education financial intelligence financial literacy 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streak loss loss control losses lot lot size low low-frequency trading low-hanging fruit low-risk trading lows major news release major trend majors mam margin mark-down mark-up market analysis market balance market cycle market execution market makers market noise market psychology market sentiment martingale marubozu meditation mentor metals micro-lot million mini-lot minimum deposit minors mobile terminal mobile trading monetary policy money management money manager money managers morning routine morning star morning start motivation on Forex moving average multitasking mutual fund national currency news portal news release news releases news site news trading no deposit bonus non-farm payrolls novice trader novice traders novice trading nutrition oil open trade order order execution overbought oversold oversold/overbought overtrading pairs pamm partnership partnership program pattern patterns payment methods payment systems pending order pending orders pennants perfectionism 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