3: create and reminisce on emptions

The ability to create or retrieve emotions from your past may help you in taking decisions right now. For example, in the second scenario Bill remembered how sad he used to be following other traders’ decisions. Later he used this experience in order to stick to his own plan.

Traders may use their own feelings as well. They may remember about the necessity to avoid the deals of the highest probability of loss.

4: practice concentrating attention.

Though the art of concentrating attention is quite new for the trading, it’s an essential part of the Buddhist meditation for at least 2500 years. The ability to concentrate your attention enables the natural flow of thoughts with causing no reactions.

In the second scenario Bill noticed his feelings with taking no actions about them. It was essential for his deal to be profitable. What if Bill would just close the deal for de-stressing? Sure, he would feel relaxed for some time but would get no profit.

Most of traders’ instructors are stressing on the necessity to learn and develop the ability of learning how to concentrate on something by means of meditation, breathing techniques etc.

Concentration needs practice. Those who want to learn it by themselves can find numerous and training sections to start.

Part 1: Ten Forex Broker Trading Skills - 1
Part 2: Ten Forex Broker Trading Skills – 2: international currency exchange rules
Part 3: Ten Forex Broker Trading Skills – 3: Sell and Buy Foreign Currency emotionally
Part 4: Ten Forex Broker Trading Skills - 4: Money Currency Exchange Emotional
Part 5: Ten Forex Broker Trading Skills – 5: Online Currency Exchange Visualisation
Part 6: Ten Forex Broker Trading Skills -6: Currency Exchange Market Secrets