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Trading Environment


There’s no sense in denying it, the markets are chaotic and unpredictable; sometimes more so and sometimes less so, but you have to admit that the chances of knowing where the next tick will be are one in three. It’s important to not allow yourself to be unduly influenced by the sense of uncertainty that can prevail over the marketplace. Uncertainty can breed fear, and a frightened trader has no business being in the market. Depending on your personality, you may be easily swayed by the market action, becoming stressed out when the markets are particularly volatile. It's critical that you minimize feelings of stress and uncertainty so that you can trade calmly; being objective in your mindset will enable you to improve your performance. One source of anxiety for some people is the actual physical environment in which they trade. For some people, the disarray of their workspace can grate on their nerves and be a hidden source of stress. Make sure that your physical environment matches your personality. Doing so will enhance your trading performance. People differ in terms of how orderly and tidy they prefer their workspace. Some people don't mind a workspace that is disorganized. They feel it has a casual and comfortable, homey feel. But others find it extremely bothersome. They feel stressed out when they have to work in an environment that is not organized. To them disorganization means chaos, and chaos is associated with stress. Which type of person are you? Do you prefer a neat and orderly workspace or do you care? If you do care, it is vital that you take steps to arrange your workspace. Make sure that it is clean and orderly. Remove all items from your desk and anything that interferes with you focusing exclusively on your screens. You'll find that by keeping the area neat and orderly, you'll feel less stressed out and in control. That said, other people find an orderly appearance equally distracting. They find such an environment sterile and uninspiring. They would rather have items around their workspace that inspire them. For example, placing pictures of their family and friends by them reminds them why they are motivated to trade. Having a few of their favorite trading books by them also gives them a sense of security. Rather than being sources of distraction, such items make them feel comfortable.

I once visited with a trader who had the most unusual trading environment I’ve ever seen. When I entered his trading room, I was surprised to see that the walls were painted black. There was black flooring. The ceiling was black with sparkles in it. The illumination in the room was from track lighting. On one wall there was a built-in, refrigerated beer keg. Naturally, I wanted to know why his trading environment was so unusual. His answer was that he felt most comfortable in a cocktail lounge. He allowed himself one cold beer to help him relax while trading. He was disciplined and an excellent trader. I had to admire him as a man who knows what he likes and knows himself.

Whatever environment you prefer to work in, it is important to make sure that it matches your personality. If a disorganized workspace bothers you, then it is important to take active steps to clean it up as soon as possible. Unless you do, it may serve as a hidden source of stress. By taking steps to match your environment to your personality, you'll trade in a calm, objective mindset.

Agreed! Thanks :)
Well...

I read your article and found it very interesting for all of us...
Specially for those who are new in the Forex market.. I get much benefit from this shared article...
I read your article. We have a new understanding.Thank you
Yeah sure I agree with you... "One source of anxiety for some people is the actual physical environment in which they trade. For some people, the disarray of their workspace can grate on their nerves and be a hidden source of stress. Make sure that your physical environment matches your personality"
Well said. As many people have said, the market has always been a constant battle between the "bears" and the "bulls", and the more it would be difficult to keep up with this fight if we can't even assert our own personalities in our work environment. Having our physical environment get on with our vibe allows us to control our emotions and make logical decisions that could boost our profits.