{"id":215228,"date":"2019-02-03T11:37:45","date_gmt":"2019-02-03T11:37:45","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=215228"},"modified":"2019-02-03T11:38:12","modified_gmt":"2019-02-03T11:38:12","slug":"path-to-emotional-control","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/path-to-emotional-control","title":{"rendered":"The Path to Emotional Control"},"content":{"rendered":"

\"\"Today we are fortunate enough to have a guest post by Rich Friesen, trading psychology guru, talking about emotional control and how to obtain it with forex trading<\/strong>.<\/p>\n

Traders have a major problem. After over two decades of trading on the floors in Chicago and San Francisco, building my own options and equity trading firm, training traders to trade my own capital, coaching traders, building trading courses, and facilitating online mastermind groups, it has become obvious that most traders have a major problem.<\/p>\n

The path to trading mastery is often sabotaged by subconscious emotions we bring to the market. I have seen the subconscious emotions and desires cost big money, not only for myself, but the traders in my own firm. That doesn\u2019t even start to add up the millions lost by other floor traders whose emotional biases have limited their own profits.<\/p>\n

As I work with independent traders, I see these \u201cMind Traps\u201d preventing smart, experienced, and determined traders sabotaged by what they don\u2019t know. And by that I mean what they don\u2019t know about the subconscious emotional patterns in their brains that are preventing them from getting the success they want.<\/p>\n

Our subconscious emotions are often connected to the deepest survival instincts in our brain. Some of these instincts come hardwired from our evolutionary past and their development in tribal cultures on the savannas of Africa. Other subconscious patterns we create all by ourselves when we were much younger as a way to survive challenging situations or even trauma as we grow.<\/p>\n

These emotional Mind Traps are skilled at camouflage. No matter how good we get at seeing the market as it is without our biases, our Mind Traps will get even more creative.<\/p>\n

As a result, many traders repeat the same trading behaviors. The repeated patterns reduce their potential profits, or even prevent them from becoming consistently profitable.<\/p>\n

Do you recognize any of these trading patterns that no longer serve you?<\/p>\n

\"\"<\/p>\n

What if, imagine what if you could uncover these emotionally driven trading behaviors? By this I mean the patterns that are rooted the subconscious patterns in our brains. Imagine what if you could stop fighting your own brain!<\/p>\n

Can we change from internal struggle to an internal rapport that feels better and gets us to our goals? My three decades of trading experience along with training traders tells me that we can\u2019t discipline ourselves out of these behaviors that we repeat over and over again. A more productive way to create new behaviors that serve us better is to become aware of the subconscious patterns, realize the positive intent from which they were created, and then build rapport with all parts of ourselves that contribute to our trading decisions.<\/p>\n

How do we do this? This prescription is only helpful if we have a methodology of awareness and discovery that creates additional choices for ourselves in real time. However, we recognize this process that is the most challenging one we will face as traders. You see, our emotional desires are very skillful in pulling us back to our dream zone.<\/p>\n

What can you do right now? One easy exercise is simply to set a timer on your phone for 10 minutes while trading. When it goes off, write down:<\/p>\n

Your physical sensations (breathing, heart rate, muscle tension, abdomen)
\nYour emotional state of mind (depressed, angry, happy, sad, frustrated, exhilarated)
\nThe quality of your thoughts (self-critical, over confident, demeaning, encouraging)<\/p>\n

You don\u2019t need to do anything\u2026just become aware. That\u2019s right. No need to correct anything, just become aware of each state, write it down with the time. Now, set the alarm again. With practice you will be able to become aware of more and more subtleties of your current state. This in and of itself is valuable.<\/p>\n

At Mind Muscles, this is the foundation that leads to trading success. We base our change and development process on the three \u201cGolden Keys.\u201d<\/p>\n

Awareness
\nAcceptance
\nAction<\/p>\n

With this exercise you are well on your way to laying a foundation for the growth to trading mastery.<\/p>\n

Best wishes<\/p>\n

Rich Friesen<\/p>\n

PS Lifetime members can book me for a free consultation (usual fee $350) to book any issues they may be having.<\/p>\n

In the first instance contact me and we can arrange a time to talk (make sure to tell me you are an FMP lifetime member)!<\/p>\n

rich@mindmuscles.com<\/a>
\nPhone: + 1 415.488.6505
\nUTC \u2013 8 PST -7 PDT
\nSkype: mindmuscles
\nhttps:\/\/mindmusclesfortraders.com<\/a><\/p>\n

If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below<\/strong><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Today we are fortunate enough to have a guest post by Rich Friesen, trading psychology guru, talking about emotional control and how to obtain it with forex trading. Traders have a major problem. After over two decades of trading on the floors in Chicago and San Francisco, building my own options and equity trading firm, […]<\/p>\n","protected":false},"author":35,"featured_media":347,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"This week Marc Walton talked about trades he was considering and looked at opportunities in the Australian Dollar while remaining cautious around Brexit related pairs such as the GBP and Euro. Below is an excerpt from Sundays trading plan which is produced weekly.\r\n\r\nEuro\/$:<\/strong> Brexit also impacts the Euro & it has its own problems with Italian banks and French unrest. The main area, for me to consider a short is now 1.1640 however if it doesn\u2019t get there keep your eye on 1.1600 & 1.1500. The final option is a bounce back up from the recent low around 1.1200, so lots of possibilities!\r\n\r\nEuro\/Yen:<\/strong> In a weekly triangle which could yield some big gains. Leaving for now\r\n\r\nEuro\/Gbp:<\/strong> Leaving\r\n\r\nGBP\/$:<\/strong> I said in recent weeks (and the advice is the same) \u201cBe very careful because of Brexit, the best advice is half your usual stake on any Gbp pairs. The strongest area for a short for me is back up at 1.3150. Clearly its a long way off, but anything can and does happen in forex.\r\n\r\nAud:<\/strong> Engulfing candles on this and Aud cross pairs. I want to short, but it may not pull back and there is a good chance of a gap at the open. One to watch at the open and real-time to try catch an entry.\r\n\r\nAud\/Yen:<\/strong> 82.50 to 83.00 for a short. Might just gap or drop. If only limited pull backs watch 81.20 and 82.50 (not forward orders for me).\r\n\r\nAud\/Nzd:<\/strong> Lot of negative Aud news last week, my bias now turns to short this pair. 1.0590 is where I would like to short. Again might just drop. If it breaks and closes (daily candle) below 1.0500 then I will look there for an M2 pullback to short.\r\n\r\nIf you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below\r\n

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