The Psychology of Financial Trading
Financial trading can be the answer to financial freedom. So, why do only a very small percentage achieve success?
One of the most common emotions a trader can face is fear. Fear is a natural reaction to what is perceived as a threat. When traders receive negative news, whether it is fundamental or volatility in the markets, it can cause immediate fear, and so this can result in bad decision making. Exiting trades early or overtrading are just a couple of examples of decisions based on fear.
There is strong evidence out there that trading is at least 95% psychology. Understanding the role of your own psychology is essential if you are to succeed as a trader. It is therefore vital that you work on your psychology.
‘We cannot control the markets, but we can control our behaviour’
Common issues for traders;
- Fear of losing a trade
- Timing and exiting trades
- Too much pressure
- Negative patterns
- Bad decision making
- Anxiety and stress
- Irrational trading
- Limiting beliefs
- Fear of losing money
- Fear of missing out
- Lack of security
Hypnosis for Traders
Hypnosis (Hypnotherapy) can be extremely effective in helping financial traders and investors reach their full potential. As well as creating new beliefs, hypnosis also works on eliminating detrimental beliefs, fears and negative behaviours. Some of us don’t even realise we have these until it holds us back in different ways.
Hypnosis generally works faster than other therapies. This is because hypnosis works directly with the unconscious part of our minds. Our unconscious mind is where we hold our beliefs, fears, behaviours, habits and more. And so, as a hypnotherapist it is, for me about guiding the client into a very relaxed state. This is where the works begins, by using the power of positive suggestion. Sometimes the changes can be immediate, this depends on the person and how deep rooted the issue is.
More and more traders are seeking help for their psychology around trading. By doing so, the success rates are very high and can be life changing for a trader.
Hypnosis can help with the following;
- Creating self-discipline
- Building self-control
- Changing beliefs
- Making good decisions
- Become more in control of your thoughts
- Take control over your emotional state
- Eliminate fears or limiting beliefs
- Create new positive beliefs
- Build confidence
- Become more focused
- Increase self-motivation
- Positive mindset
- Create self-awareness
- Feel more relaxed
- Staying consistent
Louise is a multi award-winning Clinical Hypnotherapist and Life Coach. She has seen many traders and investors in the UK and internationally. (Face to face and over Skype).
Louise has a very high success rate in helping traders for all types of trading. This includes; forex, stocks and shares, cryptocurrency and investing.
A combination of hypnosis, life coaching, NLP and various techniques are used, in order to create great success for her clients.
Article written by Louise: The Psychology of Financial Trading