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Unusual Things That Will Help You Become a Better Trader. Part IV.

5:43 AM Aug 14, 2020
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Trading Psychology

During the bad times, Forex trading becomes an increasingly tricky profession. So mental and physical health support is crucial in every trader's life. There are many reasons to be fit and healthy, like better analysis and decision-making, reducing risks of diseases, and improving your brain health. Learn how regular exercises will make you a more focused day trader.

The marathon of unexpected tips that can significantly increase your productivity and trading results continues. And today we will talk about the importance and necessity of keeping yourself in good shape.

Take Cold Showers

It's hard to believe but even this unusual activity has a big impact on your brain:

  1. Reduces stress levels. Cold water triggers the release of norepinephrine which is responsible for fighting depression. You will become less irritable and will be able to make financial decisions with a cool head (pardon the pun).
  2. Efficiency and concentration increase. Cold water improves blood circulation. Every cell in your body receives more oxygen and nutrients which gives you a lot of energy. The main thing is to use this energy wisely.
  3. You become more focused. Getting yourself to stand in a cold shower can be challenging. Learning how to resist the urge to end this “torment” just to achieve an important goal will make it easier for you to deal with any obstacles.

And these are only those reasons that have a good effect on your ability to trade well. In fact, a cold shower has a number of other beneficial properties that will improve your overall well-being and boost your immunity.

However, you shouldn't rush under the icy water right away or you can harm yourself. Start by rubbing with a cold towel. Then move on to pouring cold water on yourself and only then proceed to a cold shower. Make sure to read about the basic rules before starting.

And most importantly, try doing it in the morning. This will energize you for the whole day.

Exercise

I know this advice is pretty obvious but it shouldn't be overlooked. Scientists have proven that exercising, on average, increases your cognitive performance by 30%. Imagine how much your trading results will improve in this case.

And that's not the only plus of working out. When you consistently exercise at least 3 times a week, you automatically become a more disciplined person. This is an indispensable quality for any trader.

To be successful in Forex, you need to perform the same sequential actions day after day, trade after trade. This is subject only to a disciplined person.

In addition, exercising triggers the release of endorphins that have a positive effect on your mood and reduce stress levels.

Now, you might say that you don't have time for the gym or that you don't like running. But there are so many types of physical activity that there is an option for everyone:

  • Yoga, pilates, stretching
  • Swimming, running, jumping rope
  • Cycling
  • Various sports: football, baseball
  • Surfing, etc.

Even dancing or long walks will do. Choose an activity you like and practice. The main thing is to do it consistently.

That's all for today. Don't worry, there’s not much left. Next time we'll talk about multitasking and another extremely obvious but important tip. Stay tuned.

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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