Open trading account 
So the new month is upon us with a fresh opportunity to leave the starting blocks…
Possibly the best advice given to me with regards to Forex was to be comfortable when trading. This goes way beyond the charts and here are a few tips that I have researched :
1. Cortisol is a hormone secreted by the brain which induces fight or fight response. Unless you are wholly confident of your
support and resistance levels, you are likely to experience the effects of cortisol (which might include reduction in logic). Honey is an effective means of reducing cortisol from the blood but new research has proven that vitamin c is even better. From what I read, a dose of 1000mg of vitamin c is in the region of what is required. Pop one tab in the morning and you will definitely have a happier ride.
2. Tryptophan is a brain calming amino acid. Toast in the morning might be great but you will do better at trade with a protein
rich breakfast. Chicken is high in tryptophan but if you are vegan like me, you might do well with a protein shake. You can search www.nutritiondata.com for foodstuffs high in tryptophan that suit your taste-buds.
3. Phenylalanine is another worthy amino acid that makes the brain alert. Yoghurt is high in phenylalanine but www.nutritiondata.com will again assist in this regard. If you are scalping, you definitely want to reach for some phenylalanine.
4. Camomile tea is a great calmer. Try some with honey and you will have a double dose of logic. Not wishing your trade goes
sour on you but should it, try this trick before making a decision.
5. Bay leaf is one of my favorite tricks. Not prone to being depressed, it still has an uncanny means of raising one’s mood and of course, happier people make happier decisions.
6. Last but not least is a dose of exercise… Exercise induces endorphins in the brain which not only makes the brain happy and alert but also have a very similar chemical makeup to morphine and we ARE dealing with money here.
Finally, your charts need to be comfortable. You need a clear indication of where the price has come from and where it might end up. I
suggest the use of Bollinger Bands. It doesn’t matter the time-frame – Four Hours or Five Minutes. Pivots are important too.
Hoping the above helps and wishing everyone a productive month !
Possibly the best advice given to me with regards to Forex was to be comfortable when trading. This goes way beyond the charts and here are a few tips that I have researched :
1. Cortisol is a hormone secreted by the brain which induces fight or fight response. Unless you are wholly confident of your
support and resistance levels, you are likely to experience the effects of cortisol (which might include reduction in logic). Honey is an effective means of reducing cortisol from the blood but new research has proven that vitamin c is even better. From what I read, a dose of 1000mg of vitamin c is in the region of what is required. Pop one tab in the morning and you will definitely have a happier ride.
2. Tryptophan is a brain calming amino acid. Toast in the morning might be great but you will do better at trade with a protein
rich breakfast. Chicken is high in tryptophan but if you are vegan like me, you might do well with a protein shake. You can search www.nutritiondata.com for foodstuffs high in tryptophan that suit your taste-buds.
3. Phenylalanine is another worthy amino acid that makes the brain alert. Yoghurt is high in phenylalanine but www.nutritiondata.com will again assist in this regard. If you are scalping, you definitely want to reach for some phenylalanine.
4. Camomile tea is a great calmer. Try some with honey and you will have a double dose of logic. Not wishing your trade goes
sour on you but should it, try this trick before making a decision.
5. Bay leaf is one of my favorite tricks. Not prone to being depressed, it still has an uncanny means of raising one’s mood and of course, happier people make happier decisions.
6. Last but not least is a dose of exercise… Exercise induces endorphins in the brain which not only makes the brain happy and alert but also have a very similar chemical makeup to morphine and we ARE dealing with money here.
Finally, your charts need to be comfortable. You need a clear indication of where the price has come from and where it might end up. I
suggest the use of Bollinger Bands. It doesn’t matter the time-frame – Four Hours or Five Minutes. Pivots are important too.
Hoping the above helps and wishing everyone a productive month !
