The Power of Gratitude in Forex Trading Success

Sophia Smith– FX Storm

“Gratitude unlocks the fullness of life. It turns what we have into enough, and more. It turns denial into acceptance, chaos to order, confusion to clarity. It can turn a meal into a feast, a house into a home, a stranger into a friend. Gratitude makes sense of our past, brings peace for today, and creates a vision for tomorrow.” –Melody Beattie

I couldn’t agree more. I think the above statement encapsulates much of what I intended to convey through this piece. Forex trading mimics life in numerous ways.

I’ve heard traders express how much having worked as a forex trader has opened up the path to self-discovery. It really does teach you some raw, honest truths about yourself. It is in this capacity that I’ll show you how the benefits of gratitude extend themselves into trading the forex.

Let’s look at what gratitude is. It is a state of being grateful or thankful. It is the continual reflection on what’s right with your life rather than the constant dwelling on what’s wrong, or not exactly the way we would like them to be. When you focus on trading, and, aided by gratitude, go about it in the proper way, you’re more likely to succeed at it.

By practicing gratitude, you are also more likely to attract the kind and quality of support from others just at the time when you need it most. Looking at it from a personal viewpoint; if you are trying to help a less-experienced trader and that person shows that he is thankful, doesn’t it tend to make you want to help more? Or, isn’t it more likely for that trader to apply himself more? Your assistance might just provide him with some of the essentials he had needed in order to start trading successfully. This is just one of the many ways in which gratitude attracts success.

In general, when you are grateful for what you already have, it tends to keep greed at bay. As we know, greed is a major cause of problems when trading, resulting in the breaking of rules that are crucial to your success in this business. It has the opposite effect of gratitude. It is greed that has the trader taking unacceptable risks. It breeds recklessness. You might know that it is not feasible to risk over a certain percentage of your trading account at any one time, but in your haste to make hundreds of pips you decide to put your account, and your career in jeopardy.

Patience is a virtue, they say. There is more truth to this than you may have imagined. It has special implications for the forex trader. When actively expressing gratitude, you will be more likely to patiently wait for proper trade set ups, without feeling the need to rush in prematurely because of the feeling you might miss out on some big move. You will subscribe to the ‘slow and steady wins the race’ philosophy, knowing that growing your trading account takes place over time, and that setting unreasonable time limits on yourself can take you in the opposite direction to which you had intended.

There are other positive emotions that stem from embracing gratitude. Hope, inspiration, and pride in a job well done. When I make the effort to express gratitude on a daily basis, I notice that everything just flows easier. And even if I happen to have a string of days when my trading doesn’t go well, I accept it for what it is. It is impossible to win all the time in trading. Also, I know that having followed a very solid risk/reward plan, it will ensure that I end the month on a positive note.

If you agree that being positive helps in trading, then you’ll appreciate the fact that positivity is a by-product of gratitude. If trading is indeed, mostly psychological (and much evidence suggests it is), then it’s a good idea for us traders to keep our minds in as positive a state as we possibly can. We cannot be positive, and be in a negative frame of mind at the same time. If for only this reason it pays to be positive.

Negativity saps good energy and leaves room for all kinds of errors in trading.

On the other hand, in always focusing on the best in trading, and being grateful for what you already have, you automatically do receive the best.

As a trader, there are exercises that you can do at first, to get you into the habit of gratitude. One is to write down, at the end of each trading day, at least one thing about the session that you are grateful for. Even if you made a loss, it could be a lesson that you may have learned. Additionally, write down something about forex trading in general that you appreciate. It is a good idea to identify blessings in our personal lives too and express gratitude for them.

Once you’ve been doing this for a while you will tend to do it sub-consciously on a daily basis. The activity might sound simple, but I can personally attest to its effectiveness.

In conclusion, the power of gratitude tends to make us better at what we care about, in our case (forex trading) much of the work is already done if you sincerely love doing it and not just doing it for the tons money you think you might be able to make. I also urge you to take some time out of your busy schedules to say, “Thank You” on a more regular basis.

‘Till Next Time, Trade Confidently.

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Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

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  • Mart.

    Sophia, for the thought, the time, and the effort you have put into this article, Thank You.
    Mart.