Forex Online Training: Learning From Mohammed Ali
Forex online training is much more than finding a successful strategy or trading technique that delivers consistent profits over time. In the sports world, the winners may have natural ability and talents, and/or superior strength, but not always!
What Makes The Difference
What often makes the difference? The individual's mind!
In the case of Mohammed Ali, his mental strength and mindset were what set him apart, in addition to his natural talent. Over the years in books and TV interviews he has revealed how he conditioned his mind before a match to give him a very high chance of success once he got in the ring.
Can we apply this to Forex online training? Absolutely. Consider how Mohammed Ali would prepare for a fight.
Mohammed Ali's "Future History" Technique
He once described in a TV interview how he would focus his mind on the actual experience of being there in the ring. He would feel the sensations, see the reactions, feel the punches, be aware of the sweat, the sounds, the sights, the flashes of the cameras.
He would rehearse the fight in his mind as if he were recording each moment. He gave this mental routine a name which life coach experts have since picked up. He called it creating a "Future History."
Once he had gone through the experience graphically in his mind, it was if he had actually lived it. So it was now history even though it was still future in actuality.
Ali also crafted some of his mental rehearsals into rhymes which he repeated often. A famous example - the 1964 Sonny Liston fight: "Now Clay swings with a right - what a beautiful swing - and raises the bear straight out of the ring; Liston is rising and the ref wears a frown, for he can't start counting 'til Liston comes down."
How can this help with Forex online training?
The greatest battle the new Forex trader has to face is learning to control emotions and employ mental discipline.
Time and time again, the trader has a sound strategy, but allows other forces to de-rail the possibility of success.
The setup may be good, high probability, but the newer trader gets nervous when seeing price stall or hesitate which it often does. The newer trader exits the trade early when there was really no need and price went on to fulfill the profit target anyway.
On the other hand, the newer trader is also drawn into trades that are low probability, either through boredom, desperation to trade, or other factors.
Mental Discipline - The Crucial Factor
Mental discipline is the key to successful trading, in addition to a sound strategy.
So in addition to studying charts, patterns and technical indicators, thorough Forex online training must include a considerable amount of time and energy devoted to mind conditioning.
Using Mohammed Ali's experience, the Forex trader can also create a "Future History." In addition to seeing a high probability setup developing on the chart in the mind's eye, the newer trader can also be aware of his or her own physiology.
Play through a successful trade in your mind focusing on your own emotional feelings. See and feel yourself in a calm frame of mind, watching for a setup, identifying one, then almost mechanically entering an order with stops and limits correctly calculated and set.
Then run through your feelings as you see the trade successfully complete. Additionally, run through your feelings when you see a trade fail. In either case, your emotions should be controlled, neither ecstatic or frustrated or upset.
The successful trader knows the strategy works, that there will be wins and losses, and therefore does not react in an extreme way whatever the outcome.
Visualization With A Difference
One important point to note with Mohammed Ali and his "Future History" mental strategy. This is visualization but visualization with a difference.
Many life coach experts tell us to visualize an experience, seeing ourselves in the situation, playing it through.
A "Future History" is not seen from the outside. We do not see ourselves performing the action as if we were a bystander.
A "Future History" is lived. You are there in the experience, seeing, feeling, sensing all the various factors that influence Forex trading.
So if you have been involved with Forex online training and have yet to make consistent profits, pay attention to the mental aspect of Forex trading.
Perform mental rehearsals and develop the winning mindset that will eventually help you realize your financial goals through trading the Forex.
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