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Good Health & Trading: The Perfect Duo

It’s a true saying that our health is our wealth this is true for trading too. When it comes to trading our cognitive energy plays a vital role in the decisions we make. Read on for tips on developing healthy habits that can benefit your trading.

SageFX - Dec, 17, 20

*Sage FX would like to state that traders should research extensively before following any information given hereby. Any assumptions made in this article are provided solely for entertainment purposes and not for traders to guide or alter their positions. Please read our Terms & Conditions and Risk Disclosure for more information.

Principal Points

  • A healthy lifestyle is essential for optimal trading
  • Be mindful of your emotions and what they are conveying
  • Take stock of your habits and how you can improve them

All that is in equilibrium exists in a space of balance – yin and yang, light and dark, or the body and the spirit. We perform at our best when we are aligned with ourselves and within ourselves. This is essential for us as individuals and as traders.

In today’s blog, we’re going to discuss the importance of good health, how to optimize your well-being, and how all this helps you along your trading journey.

 

All Is Within

Master the mind and the rest will follow is a maxim that we truly believe in here at Sage FX. All of us already possess all that we need to succeed in our life path and trading journey. Our mind is an incredibly powerful and sophisticated machine that can do incredible things if it is cared for properly.

You might have heard of the terms mindfulness and cognitive energy, and you may have also dismissed them as trendy keywords. However, they are most definitely more than that.

Mindfulness is all about living in the present and being completely in tune with our emotions. As a trader, mindfulness helps you to be aware of the sensations that you are experiencing at any given moment. Perhaps you got caught in a frantic day of trading, reacted instinctively to a market update, or let your feelings control a decision. It is important to be aware of these emotions, what they convey to us, and how we can harness them better in the future.

Cognitive energy refers to the mental energy that we use to make decisions and take actions. We all have a finite amount of cognitive energy and it is up to us to use it in the most effective way possible. How can you optimize your decision-making process to free up more of this precious resource for crucial trading decisions? Perhaps you can simplify or automate some day-to-day activities and utilize your brainpower to learn more about trading instead, hone your plan of action or research resources that can help you to become a better trader.

 

Cultivate Good Habits

Slowly but surely, ancient practices like yoga have gained traction among traders for their numerous benefits. Traders, bankers, and investors operating in the highly competitive Wall Street environment have been resorting to yoga as a medium through which they can gain balance and reduce stress. However, you do not need to be a Wall Street trader to use the benefits of yoga to your advantage.

Indeed, yoga is a practice that originated in India thousands of years ago and its positive effects have been well-documented. How do these positive effects benefit you as a trader? Yoga is a practice that aligns the body and the mind through a series of movements that require us to connect the two. This helps us to improve our focus which is a key quality that any successful trader requires. Yoga also focuses on proper breathing techniques. Breathing properly can help us to stay calm and be less impulsive in stressful situations, which is also a very important characteristic that successful traders have.

Apart from incorporating good practices into our lives, it is also important to take stock of our habits and improve them as much as possible. Are you spending too much time on your computer? Are you getting enough fresh air? Do you sleep sufficiently and at a regular time? All these seemingly minor details add up and can affect our day-to-day lives and our trading directly.

So, today pause for a moment, think about your habits and work on improving them.

Nourishment for the Body and the Mind

We are what we eat. Like a well-oiled engine, our body and mind can perform with laser precision if fuelled properly. A balanced diet that is rich in minerals, vitamins, and nutrients is the best way to ensure that you have the energy with which to tackle your trading day. Some nutrient-rich foods can also help our concentration levels. Berries, fish, avocados, nuts, and dark chocolate are only some of the superfoods that nourish your brain and bolster your focus throughout the day.

We are multifaceted beings that function optimally when we are in an ideal state. Working on ourselves as individuals, mindfully cultivating habits, and practices that provide us with a holistic sense of well-being is the best way in which we can target our trading goals with precision and clarity.

Time to commence your trading journey? Sign up for your Sage FX account here.