Kishore M's Instant FX Profits Trading Psychology slides

1. TRADING PSYCHOLOGY
To be a successful trader, your intellect and emotion must work as one team.

2. There are three main areas we need to
master to become successful traders –
• Trading Strategies
• Money Management
• Working with our emotions

3. Can t decide
Should I? Shouldn t I?
Shouldn t I? Should I?
Why am I not able to pull the trigger, even when I am right?

4. Can t take losses
Aghh! Loss
again…..
What s wrong
with me?
How could I lose?

5. Many moderate wins = One giant
loss
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Why do I lose my winnings in blow-out trades, repeatedly?

6. Forex Consistent profits
Trading
System
Control emotions
Make profits Get greedy
Your mental
Learn Trading Apply Trading Lose money
Strategy
conditioning
Method
Get fearful
Blow up
Open account Fund account Close account
account

7. Personal
Experience
CONSCIOUS MIND H
O
Health Blueprint M
E
UNCONSCIOUS Wealth Blueprint O
MIND S
Driving force Happiness Blueprint
T
Love Blueprint
A
S
I
S
B
Watch Charts
O
Click to enter/exit
D

8. THE LINK
Pay attention
to your body
signals
CONSCIOUS MIND
(Step 1)
UNCONSCIOUS
Visualization
Affirmations MIND
Faith
(Step 2)
Bio-feedback
Conditioning
changes, B
Performance
improves O
(Step 3) D

9. Your Emotional Experience while Trading
1 – Rarely
2 – Occasionally
3 – Sometimes
4 – Frequently
5 – Almost always
I am happy while I am stressed while
trading trading
I am alert & energetic I am anxious while
while trading trading
I am capable of making I blame myself for my
successful trades losses
I am in control while I make impulsive
trading decisions while trading
I am satisfied with my I get edgy and
trading results frustrated while trading

10. TRADING PLAN
§ Trading is a business
A Trading Plan is a guide for running
§
this business
A good Plan addresses all three
§
aspects of trading – Method, Money
and Mind.

11. TRADING PLAN
§ Master the Method
§ Strategy may vary depending on market
conditions
§ Markets are unpredictable – flexibility is
required.

12. TRADING PLAN
A good understanding of risk and
§
reward – Money Management
The potential Profit and Loss in a trade
§
are equally important
Stop Loss to limit loss; Trailing Stop to
§
maximize profits

13. TRADING PLAN
§ Last, but not the least, is the Mindset.
§ Relaxation techniques
§ Awareness of body signals and emotions
§ Think PIPs - not Money

14. TIPS
(Body)
§ Start
your trading session with a few
Relaxation exercises
§ Energize yourself either through faith or
motivation

15. TIPS
(Conscious mind)
Have a Trading Plan you are comfortable
§
with
§ Understand your relationship with money
Learn Money Management techniques – in
§
the real world they are as important as trading
techniques

16. TIPS
(Unconscious Mind)
§ Pay attention to your Body Signals while
trading
Keep a Trading Journal with details of
§
your trade and also what your emotions
were during that trade
Pay special attention to your emotions
§
when you face a loss
§ Be aware of Negative Self-talk

17. TIPS
§ Use
affirmations and visualization to keep
up your positivity
§ Give
Gratitude – not many in this world
have the opportunity to sit at home and
make money!

18. A good trading day is one in which you
follow your Trading Strategy in a calm and
confident manner, making sure that, at the
same time, you are managing your money
well – when in gain or loss.
This, in turn, will enhance your profits and
consistency, making you a truly successful trader
who can trade for a living!
Thank you!