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The Benefits of Rest and Default Mode Network in Trading

5:27 PM Feb 5, 2020
10728
Trading Psychology

You already know that the Forex market is open 24 hours and seven days per week. That's why many traders suffer from sleepless nights. Usually, it makes to open not really smart orders that lead to heavy losses and stress. That's why sleep and quality rest is essential for successful Forex traders. Learn how you can improve your daily routine to get the best results.

It seems to many that a person who can complete hundreds of tasks per day, who is infinitely productive and multi-tasking is a modern hero that needs to be looked upon. In fact, such people are just robots often incapable of generating interesting ideas and searching for extraordinary solutions.

The measure is a treasure. Even when talking about useful work. If you want to improve your performance then you should start relaxing and using the incredibly powerful function of our brain - a Default Mode Network.

Always Make Breaks

Today, everyone refers to modern scientists when trying to prove their point. This idea is no exception. Dozens of studies prove that the human brain simply needs rest for healthy functioning.

Forex trading requires constant concentration. If you look at the charts for hours and spend breaks on additional intellectual activities, such as watching lectures and reading books about the FX market, then your results will eventually begin to decline. Your brain will simply get tired and will not be able to think logically. So, forget all these high-efficiency slogans from motivational training and learn how to relax properly.

The Ideal Work Scheme

A number of studies have shown that there are several important tips that you should follow to improve your work. So what should be done to get the most out of your workday?

  • Our brain is at the peak of its activity in the morning. That is why you need to try to complete all tasks that require maximum concentration before noon. Analyze the market and open the majority of your trades during this period. You also perceive information better in the morning, so try to study at that time.
  • Do not spend more than 4 hours a day trading. This amount of time was called the maximum by many professionals in their field, including world-famous athletes and musicians. If you spend more than 4 hours on any occupation, then you only make yourself worse and you may end up getting injured or burn out, if it comes to intellectual occupation, such as trading.
  • Do not work for more than 1 hour in a row - take breaks. The same scientists proved that the brain is capable of maximum activity only within an hour. Then it needs a break, otherwise, the results will begin to decline. Of course, if you catch yourself on the fact that you have been testing your Expert Advisor for more than an hour and are passionate about the full thing, then don’t stop. However, if you have been looking at charts for almost an hour searching for trades, then obviously you should take a break.

Default Mode Network

It was already said that people that perform a series of tasks one after another act more like robots than people. The most valuable employees are those who find non-standard ways out of various situations. As a rule, such ideas come to our mind at the most unexpected moments - during a walk, in the shower, or first thing in the morning.

This is due to the fact that our brain is capable of an incredible thing - to process information in a passive mode, while we even don’t know about it. If you have any difficulties with a trading strategy or working with a new Advisor or indicator, then you can use this magic method to increase the chances of solving a problem. How to use the Default Mode Network?

  1. Start by collecting data. I mean that in order to process information in a passive mode, the brain needs this information. If you want to get the most out of any trading strategy, Advisor or indicator, then study as much as possible on the topic. Read a book, watch webinars, learn the opinions of other traders on the forums.
  2. Free your schedule. If you are constantly in a hurry somewhere and distracted by something, then the brain will not be able to process the information received. Most likely, it will be busy accumulating new data that you will upload to it. A day off or even half a day without work or important matters will fit perfectly.
  3. Find yourself a routine occupation. It can be anything - a walk, an active sport such as bicycling, jogging, climbing, some kind of physical labor such as cleaning or assembling furniture, etc. The main thing is that your actions should not include additional information load. That is, you can’t simultaneously listen to audiobooks or watch some kind of instructional video.
  4. Throw the topic that interests you out of your head. It is important not to think about the problem that you want to handle in a passive mode, otherwise, all the magic of the approach will disappear.
  5. That's all. If you fulfill the conditions from the points above, then your brain will gradually process the information received and help to better absorb it. Success.

Remember that this strategy does not give a 100% guarantee. It does not work in every case, but nonetheless, it works. The main thing is to give the brain a rest. You’ll see the results in the near future.

To Summarize

What conclusion can we make from the said above? Rest is important and even necessary if you want to achieve maximum results. So try to get distracted from any type of activity, including trading. It is optimal to take at least a week break every three months.

Breaks during the day are also important. Take time for yourself. Take a nap, go for a walk, or even meditate. This can activate the Default Mode Network and take your productivity to a whole new level.

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trading mindset beginners novice traders trading strategy losses forex mistakes trading habits trading plan forex trading women in Forex female traders risk management broker profit trading instruments pairs price advantages of forex leverage FXCL investments copy trading advantages of Forex social trading professional traders trading psychology demo trading buy/sell bid/ask spread Metatrader 4 market analysis technical analysis fundamental analysis trade trading platform Forex trading novice trading dealing with losses charts timeframe indicators MetaTrader 4 trading routine support level resistance level trend low-hanging fruit stop loss loss trading history long-term goals open trade close trade daily charts swing trading intraday trading scalping trading setup Forex traders bullish bearish resistance support MA 200 trend trading professional trading EMA EA daily chart weekly chart Forex news highs lows account type cent trading Mini Micro Cent Partnership commission fees trading terms Stop Loss news trading economical calendar major news release currency pair currency rate national currency trading journal trades profit/loss emotions news release positions size Expert Advisors platform trading robot cryptocurrency volatility day trading position size lot account types cent accounts Mini account ECN Copytrade ECN accounts swap-free minimum deposit order execution liquidity providers demo accounts real account low-risk trading EUR/USD economic calendar majors cross-currencies exotic currencies base currency quote currency quotes bid ask Brexit United Kingdom European Union GBP Euro GDP WTO price levels moving average 4-hour chart 1-hour chart bulls bears false breakout cross-currency USD price action pin bar trading inside bar trading hands off breakeven stop loss 50% stop loss pin bar high-frequency trading position trading swings breakout strategy trading style Entry order Take Profit hammer shooting star inside bar pinocchio bar head and shoulders harami risk to reward ratio trading calculator trader’s age emotion control stop-hunting false signal trading session New York session Asian session non-farm payrolls fed rates decision central banks mentor teacher Forex education Forex books candlesticks bonuses tradable bonus no deposit bonus deposit bonus cashback pending orders counter-trend trading risk-to-reward ratio 1-2% rule uptrend downtrend news releases slippage emotional trading stop orders limits orders trailing Stop correlation Correlation Matrix EURUSD EURJPY RSI Overbought/Oversold indicator doji morning start candlestick pattern liquidity London session gap requote US dollar greed excessive trading Expert Advisor trading instrument Twitter Trump euro Canadian dollar Japanese yen Mexican peso currency pairs Fed China economic news currency wars USA interest rates trade agreement H1 H4 D1 sell trade buy trade price level trading system COVID-19 coronavirus lockdown checklist Default mode network Nonfarm Payrolls intraday traders lot size Stop Out margin breakeven pip point entry price chart candles weekly candle daily candle engulfing candle Doji W1 fears money management trading signals Charles Dow Dow theory primary trend Relative Strength Index signals market noise trading volume oversold/overbought corrections candle M30 GBPUSD GBPJPY pending order fundamentals Interbank order Stop order Limit order Standard account Interbank account liquidity provider M5 chart gold XAUUSD Chinese yuan flat US Dollar Fed Interest Rates inflation level XPTUSD platinum XAGUSD silver USDCNY Chinese Yuan instruments swap trading hours Buy Stop Sell Stop Average True Range ATR range sideways range price level trading scripts Excel tables entry point equity balance applications highs and lows RSI Fibonacci terminal server proxy OS Windows XP self-trading Forex advantages gap trading Fibonacci levels USDJPY Buy Limit Cherry Blossom market cycle mark-up mark-down consolidation distribution long positions short positions double bottom triple bottom double top triple top pattern signal presidential cycle Elliott wave Kondratiev wave Forex terminology quote standard lot mini-lot micro-lot cross pairs exotic pairs counter-currency terminology Margin Call long position short position buy sell candlestick chart bar chart line chart range market channel high low ADX OHLC patterns profit level martingale aggressive EAs VPS demo account EA tester trading signal chasing the market clicking the button oil trading lot EUR cent account Forex mentor novice trader emotions control fear psychological level round numbers Key Levels indicator MetaQuotes iOS Android mobile trading mobile terminal VPS server financial portals day trader position closing short timeframe fast trading news site news portal FXStreet Investing.com Forex Factory ForexLive DailyFX CPI PPI economic indicators Non-Farm Payrolls monetary policy FOMC retail sales inflation rates program installation intuition apps ECN brokers market makers financial 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morning star evening star figures diamond divergent triangle symmetrical triangle reversal signal financial intelligence financial education long-term investing triangle ascending triangle descending triangle risk control stocks Forex mutual fund EUR/AUD AUD Australian Dollar Australia ECB RBA demo live live account spike bearish spike bullish spike breathing techniques meditation unusual trading tips useful habits nutrition intermittent fasting Three indians pamm mam expert advisors start-up capital business Forex business oversold overbought reverse signals 15-minute chart full-time trading discipline drawdown inflation devaluation IDR LAK export Russia regulations regulators Central Bank quantitative easing quantitative tightening Donald Trump Joe Biden coins indexes DXY ICO Mrs. Watanabe beginner trader carry trading young traders women traders productivity self-discipline rectangle sideways channel trend figure Alexander Elder John Murphy Jack Schwager limit order leaving Forex 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losing streak perfectionism consistent profits starting capital initial investment market psychology japanese candlesticks PAMM trust management money manager holidays market sentiment CHF CAD Great Britain pound Swiss Frank reserve currency averaging morning routine initial capital potential profit reverse pattern rounded bottom rounded top saucer inverse saucer IB Program IB Commission Sharing reversal patterns deposits payment methods payment systems local transactions trader’s block market balance