Forex and Visualization
https://andiamolireforex.com/forex-and-visualization-the-way-to-peak-performance-in-forex/
Most traders discount the need to focus on the psychological aspects of trading. This dismissive attitude stems from an underestimating of the difficulty involved in trading consistently. Apart from money management, the mental aspect plays the most critical part in trading success or failure. In other competitive fields such as tennis, hockey, and football, top athletes use visualization as the key to being prepared in advance of a practice or game.
What I believe is a problem in many visualization techniques is the emphasis on developing detail during visualization exercises. Although this may be part of a method in developing useful visualization, I believe there is a more important aspect to visualization.
Forex and visualization go hand in hand in the sense that forex trading leads to losses that result in the sense of failure. By practicing imagery, you can change this feeling of loss to one of optimism by bringing to mind the experience of successful trades and trading techniques. This practice can reinvigorate you and create a new sense of purpose and drive.
Without a means of interrupting a foreboding sense of doom and gloom, you risk a repeating cycle: failure, which leads to negative feelings, which leads to continued failure, etc. This cycle can form an ingrained habit that’s hard to break without the introduction of a new successful experience.
Positive experiences have a profound effect on incentive, and these experiences can be developed just as much as they can be experienced in real time. If a positive experience is ingrained in the trader, he will more likely stick to his plan and system in order to wait out a certain losing period in favor of a winning streak.
In short, he will more likely succeed in reaching his goal. A positive experience and expectation will also open the trader up to new ideas and learning experiences. And the more one learns in this business, again, the more chance of success.