Rest from trading

Forex trader is also human and he deserves a break from trading! Wake up at 7, review of the economic press and macro data calendar, the connection status on the MT4 platform, analysis of charts and an attempt to grab dozens of pips for the next 8-14 hours, and after leaving the computer monitoring the market on a smartphone or tablet. How many of you have become it everyday? Constantly following the market and quotes of currency pairs and tracking macroeconomic events can be extremely tiring for our body and mind. Even more so if we play on real means, which is usually accompanied by considerable emotions and stress.

Initial infatuation

At the beginning of my adventure with financial markets I was so fascinated with them that I could sit down at 8: 00 and learn about it, while observing quotes, almost non-stop to 5-6 in the morning (yes, over 20 hours!) . There was always something that I could still analyze, test or an article I have not yet read. I do not have to write that a long time a man will not pull it and after a while his batteries eventually end up on the verge of exhaustion.

READ NECESSARY: Trader's psyche. In the clutches of emotions

However, Forex never sleeps, there is always an opportunity to earn, and thousands of systems from the Internet can be improved or come up with new ones. This is a sign that the currency market is becoming our obsession, and obsessions have to be careful because they can be fatal. It is not without reason that you go bankrupt at the beginning of your adventure with Forex market. This can be explained by the lack of experience but usually it is insufficient mental preparation. We try everything, we don't know moderation and reality, and thus we want to get rich quickly. The number of factors that we begin to pay attention to multiplies, and in conjunction with the start of investing real funds there is considerable stress.

Rest from trading or do something for yourself (and your account)

Continuous mass analysis of information leads to brain overload and distorts perception. Don't get crazy. The market will not escape you anywhere. That you just miss one opportunity to earn money on intervention SNB doesn't mean there won't be another. Currency pairs and brokers will not suddenly evaporate.

A mental burden can lead to an erroneous assessment of the situation, and this to a loss. Malaise can translate into frustration and the desire to quickly detach yourself. It's easy to guess that this is the last stop on the road to bankruptcy. If you do not diagnose it in time, you will end up trading with a series of severe losses that are not caused by the ruthless market, manipulation of the broker or ineffective system but you and your well-being.

Itchy finger

He is also extremely dangerous. When market volatility drops and your system does not generate input signals, you start to get bored and combine. You want to open something at all costs, close it so that only something happens. Do not let Be patient, move away from the computer and wait for the signal.

READ ALSO: Win Rate, or how to increase the profitability of our strategy

Rest. Relax. Do something for yourself, spend time with your family or away from the market doing what you like. All the more so if you have not been going lately and you have passed a series of failures. The best tension discharges physical training eg swimming pool, running or even yoga (many traders do this sport), but also an ordinary walk should pass the exam. If something does not go to you, it starts to itchy or you feel overworked, do not hesitate to turn off your computer.

It may turn out that your mind is tired enough that you will need a longer rest than a few hours. If after a short relaxation you still feel frustration, you plan to increase the volume but at the same time you have no idea for trade, it is a time to leave, at least a few days. It does not necessarily have to be a trip abroad. All you need to do is remove the platform for a while, so preventive.

Joe Di Napoli was famous for saying "Better to lose an opportunity than money".

You can expand it:

"Better to lose an opportunity than health and money".