Does meditation help you trade in any extent?

Discussion in 'Forex' started by Waylen, Jul 31, 2024.

  1. Overnight

    Overnight

    That is funny!
     
    #11     Aug 1, 2024
  2. SmithFX

    SmithFX

    Meditation has nothing to do with forex trading but it can help in your mental well-being.
     
    #12     Aug 1, 2024
    PPC likes this.
  3. maxinger

    maxinger


    Huh?

    If your 3Ms (mind management, Method, money management) are not in tip-top
    condition, you can never earn a single cent.



    Meditation is totally not necessary when you do demo trading.
    Because you can lose a few million demo dollars and still wouldn't
    commit suicide.
     
    #13     Aug 1, 2024
  4. shine

    shine

    Meditation does not help me. Only high-quality analysis and risk control can help in trading. But just relaxing and gradually losing your deposit in such a relaxed state without the necessary experience is a road to nowhere).
     
    #14     Aug 1, 2024
  5. Read this at first as "Does Medication help when you Trade..." Yep! :D
     
    #15     Aug 1, 2024
  6. Alexis_0

    Alexis_0

    Meditation may help you recover from mental phobia or frustration but it has nothing to do directly with trading.
     
    #16     Aug 2, 2024
  7. shine

    shine

    Yes, for successful trading you need to be able to do a lot of things and learn a lot. And first of all, it is technical and fundamental analysis, as well as discipline, endurance, being consistent and not being greedy about this process. And meditation alone cannot provide this).
     
    #17     Aug 5, 2024
  8. Absolutely, meditation can be a game-changer in trading. I've found that it helps sharpen my focus, keeps my emotions in check, and reduces stress. When I'm calm and centered, I make better decisions and stick to my trading plan without letting fear or greed take over. It's like a mental reset that prepares me to handle the ups and downs of the market with a clear mind. So yes, meditation has definitely made me a more disciplined and mindful trader.
     
    #18     Aug 5, 2024