Learn how positive psychology can help happy traders become happier09 October, 2017 by Paula Rodriguez in Forex Lifestyle
Amidst market movement and strategy, what kind of role does positive psychology play in successful forex trading? A good trader is aware that constant negativity eventually leads to pessimism and weak performance. Because of this, forex traders know the value of positive thinking. In terms of lasting optimism, a thriving trader also gives importance to building positive psychology for consistent profit. For continued profitability, practicing positive psychology can greatly improve overall standards and strategies as well as wellbeing. Through positive psychology, create an optimized trading system and a more fulfilling career.
According to Positive Psychology Program, positive psychology is a new science that studies the circumstances and processes that affect the optimization of an individual or an institution. It is about achieving overall fulfillment through positive emotion, meaning and engagement. Unlike the study of psychology, positive psychology is the science of why and how to make happy people feel more fulfilled in life.
Dr. Martin Seligman is an American psychologist, advocate and founder of positive psychology. In one of his TED talks, Dr. Seligman shares that there are three aims of positive psychology:
- Concern for strength as much as weakness
- Building the best things in life as much as repairing the worst
- Creating a more fulfilling and nurturing life as much as the study of healing
Positive psychology focuses on increasing positivity and improving normal lives. In addition to healing those with poor mental health, the science of positive psychology can make mentally healthy people happier. Dr. Seligman shares that this pursuit of positive emotion or experiences, an engaging mindset and a life of meaning can result in genuine happiness. It helps to build a society that is happier.Positive psychology in trading is about being optimistic for progress and success. Click To Tweet
What you need to know about positive psychology
Positive psychology is the analysis of how mentally sound people can increase life satisfaction. To better understand its nature, here are the things you need to know:
- Positive psychology puts importance on strengths and happiness the same way psychology does for weakness or anxiety.
- Psychology can help traders move on from traumatizing experiences or chronic worries. When it comes to positive psychology, it can take a profitable trader and further optimize strategy or state of mind for sustainable success and a more meaningful career.
- The goal of positive psychology is to optimize and enhance character. This is great for those seeking to attain optimal happiness and contentment.
- The difference between positive thinking and positive psychology lies in the mindset of how optimism can be achieved. Traders who think positively take a negative situation and build a positive outlook from it. Those who apply positive psychology aim to take negative or positive emotions, act on it and further understand its complexities. While doing this, there is always an awareness of the positive side of life.
- Positive psychology is subjective to each person’s strengths and conditions. It evolves as influence, ideas and needs change.
What you can gain out of positive psychology
Positive psychology is a study on optimizing mental health and building contentment in work and personal life. In a changeable market, an optimized mindset can drive consistently profitable trades and a growth oriented way of thinking. Applying positive psychology can enable strong character for productivity, optimism, ambition or positive functioning.
For an enjoyable and meaningful trading career, learn what you can gain out of practicing positive psychology:
Offers favorable output caused by happiness
Studies conclude that if you are happy in life, success and fulfillment can easily follow. If you are someone who is mentally healthy, positive psychology can encourage more gratification. In a challenging market, this way of thinking can lead traders closer to trading goals and a well rounded trading lifestyle. Being happy can make way for optimism and determination without any distracting negative emotions. Eventually, this will go further towards good health, better relationships and a more rewarding career.
Increases standards for quality
Positive psychology can boost standards in any endeavour. When you begin to trade with efficiency and optimism, the quality of work that you put into trading will optimize. This is because positive psychology increases attention in areas that can be further enhanced as much as those that need more work. When there is an intervention for positive psychology, traders can easily find the right mindset to be more diligent and produce desirable results.Positive psychology can enable happy traders to live a more meaningful trading career. Click To Tweet
Drives optimism for self-reliance
Becoming successful in a demanding forex market is not easy. When losing trades are part of the road to success, self-reliance becomes more important to follow through. Because of this, self-reliance is an essential trait to have especially when the market is not in your favor. By increasing your optimism, you are also strengthening the determination needed to overcome setbacks.
Creates a state of “flow”
In positive psychology, a state of flow is the result of an engaged way of thinking. It describes an intense period of concentration that can only be achieved by using a person’s highest strengths. Studies in positive psychology suggests that in order to become highly engrossed in work, the person has to optimize one of their top innate skills.
For success, this aspect of positive psychology can be highly beneficial for forex traders. When you are building a strategy that complements your strength, you can easily get into a state of “flow” and enable full concentration in your tasks.
Acts as the antidote to chronic anxiety
Positive psychology aims to develop happiness and personal strengths. This type of therapy can encourage traders to foster confidence and hope especially during times of panic or worry. Instead of focusing on overwriting the negative, it diverts towards achieving a more enthusiastic perspective on the situation. Applying this in every challenge can help to treat or minimize anxious feelings.Learn how positive psychology optimizes your forex trading journey and hinders anxiety. Click To Tweet
Gives meaning in all your efforts
Thanks to the initiative of Dr. Seligman, achieving a life of positive therapy means finding out what makes life worth living. In his research, the happiest people in his analysis are able to find meaning and purpose in life. Up to date studies conclude the pursuit of a meaningful life is one of the strongest ways to achieving satisfaction. When you find meaning in your trading goals, you can efficiently build a mindset for growth and encouragement no matter what level you are at.
How to practice positive psychology
If you are keen on optimizing your trading experience, there are many ways to build a happier and more meaningful forex trading career. Motivate yourself for personal happiness and optimize your trading systems with wise words from some of the masters of positive psychology:
“Psychology is much bigger than just medicine, or fixing unhealthy things. It’s about education, work, marriage – it’s even about sports. What I want to do is see psychologists working to help people build strengths in all these domains.” – Dr. Martin E.P. Seligman, Acknowledged for being the founder of the new science of positive psychology
“…there are no shortcuts to excellence. Developing real expertise, figuring out really hard problems, it all takes time―longer than most people imagine….you’ve got to apply those skills and produce goods or services that are valuable to people. Grit is about working on something you care about so much that you’re willing to stay loyal to it…it’s doing what you love, but not just falling in love―staying in love.” -Dr. Angela Duckworth, Author of Grit: The Power of Passion and Perseverance
“Self-esteem is the by-product of doing well in life—meeting challenges, solving problems, struggling and not giving up. You will feel good about yourself when you do well in the world. That is healthy self-esteem.” – Dr. Karen Reivich, Author of The Resilience Factor
Positive psychology for balanced trading
Simply put, positive psychology is the study of how to increase happiness for life satisfaction. In a volatile forex market, a flourishing well being is a great asset to take advantage of. It boosts hard work, hopeful thinking and sustained optimism for success and healthy mental well being.
Positive psychology is a recent form of therapy that is aimed to make more people feel joy and content. There is plenty more to learn about positive psychology and how it can be achieved. Today, research and surveys are frequently conducted to further the studies of positive outlook and happiness. Be sure to keep track of the benefits of positive psychology and how it can improve your trading mindset.