Best time to trade
Many traders wonder at what time it is better to trade in order to confidently take profits and regularly increase the deposit. When our brain functions best and gives maximum concentration - morning, afternoon, evening or night? You will find out by reading the rest of this article.
I think that everyone understands that the best time for trading is determined individually, because trading itself, that is, the increase or decrease in the price of financial assets does not jump stronger at any particular time of day. The question is trader. So I'd like to share my perspective on the fact when it is better to trade and earn, and when to stay away from the terminal.
Do we need to trade by the hour?
My experience of working with the psychology of traders shows that the time of day does not affect anything, or rather does not affect the success of trading. Of course, if you get up early and your peak physical activity is in the morning and lasts until lunchtime, then during this period concentration and concentration give you certain advantages. But it does not guarantee success - nothing can happen during this time if you take the market-trader plane. It also does not guarantee success - even if the market presents an opportunity to make money, at the peak time for a trader, he will simply not be able to do it, because the influence of the trader-psychology plane is strong. Let's look at an example.
Imagine a hypothetical person who, let's say, is shy to meet a girl or afraid to go to his boss and ask for a well-deserved raise. Let's assume that for a decisive step he has chosen the perfect time of day, when his biorhythms are at the limit of possibility. He is bursting with confidence and concentration, but what happens when he tries to approach a stranger or nail the boss?
In fact, anything can happen: he can actually do it, but when the biorhythms subside, he will no longer know what to do next, and will habitually return to the known direction. Or he will have enough strength to make the first step, but he will stumble in the middle of the way. Or will be frightened at the first step, despite all the collectedness. In case of failure, such a person will turn all his strength to self-torture and another round of lowering his self-esteem.
Our brain is both friend and foe
Unfortunately, practice shows that such scenarios are not uncommon in trading. This is already an area of stress psychology. The time of day, alas, has no influence on overcoming difficult situations and success. In your peak periods you can do better what you already know how to do and what you are not afraid of, but a slight fear of losing is enough. depositor just worrying about being judged by loved ones, as concentration will start to play against you, because it will focus on the negative. That's how our brains work.
The mind tries its best to protect us from trouble, creates methods and conditions for this, but it brings problems if you do not know how to work with your own subconscious mind. Therefore, working with your psyche can bring you closer to and consolidate your success more than searching for the best time of day for trading.
We're practicing on Ivan
Let me give you another example of someone who was trained in psychology by me. Ivan went through my two-day training, and for the next three months he did the exercises I gave him. He incredibly quickly got rid of the desire to win back, which he had been living with for 4 years and which had led to the draining of several deposits. After three months of practicing on his own, we had a series of additional coaching sessions with him and at one of them we touched on the question of "when is the best time to trade". We found out that Ivan had two peak states: the first one, when he realized almost from a distance that he should open a trade now terminal to enter a deal, and knew the time when it was better to exit, which he successfully did. And the second, when he drained the deposit, even intellectually understanding the market and fulfilling all the requirements of the TS.
I showed him two tension maps in his body - one when he was successful and, the second when he was hyper-unsuccessful. We did not work on the causes of the negative state leading to losses. I advised Ivan to monitor his body tension maps every time before trading and to categorically avoid working in a negative "loss state".
About the stress map and trading
It's been more than half a year now, and I have new students coming to me on his recommendation. So here is my absolutely practical opinion on what time of day it is better to trade - when you have a well-developed trading psychology.
The tension map is an internal term that describes the phenomenon of tension in the body during different types of stressful situations. For example, during a bout of insecurity you may tense your shoulder girdle or your legs, it's different for everyone. But when we are confident in a particular situation, other muscle groups tense up.
Therefore, by identifying your personal stress maps, you can better influence the results of your own trades. You approach trading more consciously - by checking your state of mind before entering the market, you can understand whether it is worth trading this time or better to postpone it for later. Because in stress our brain thinks only about how to get out of a dangerous or uncomfortable situation, but not about success in the currency market, no matter what time the clock shows.