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How listening to music can affect your trading

influence of musicEveryone loves to listen to music. While some prefer soothing sounds, there are others who prefer more active kind of music. The music we listen to, often influences our mood and the way we react to things.

Anyone who has had a desk job, at some point has plugged in their earphones to focus on the work they do. It is often said that music can influence our psyche.

In forex trading, you very well know that trading psychology plays an important role. As a result, the music you listen to while trading does affect your decisions in one way or another.

If you doubt that music has an influence, remember a few places, such as restaurants and clubs. At restaurants, you will most likely come across some lounge music. The kind of music that relaxes you and puts you at ease.

Now compare this with the music you get to hear in a club. The high tempo music energizes you no doubt, makes you a bit bolder and more outgoing.

If you still find it hard to believe how music can influence forex trading, take a look at this article. The article from Psychology today backs up the theory with numerous studies conducted as well.

In fact there is a completely dedicated field in psychology called neuromusicology. This is a study of the effect of music on the brain.


The influence of music in forex trading

The above example should illustrate to you the subtle power of music. When music can influence your daily routine, it can also influence the way you trade. Music can help to keep your emotions in check.

 fear greed emotions trading

Dealing with emotions in the financial markets

 

Therefore, the next time you think you want to listen to some music while trading, think again. Listening to more aggressive or high tempo music will subconsciously push you into taking more risky decisions. You might ask, what to do if that is the kind of music you like to listen.

A simple way is to carefully select your playlist with the music that will help you rather than work against you. Psychology plays an important role in forex trading. Therefore, you can leverage the power of music in order to help you to take better decisions while trading.

Before we begin, it is important to note that listening to music is in itself a form of multi-tasking. This means that you are subconsciously multi-tasking, despite the fact that you might think otherwise.

Listening to the right music can put your mind on the right track. Here are some ways how choosing the right kind of music can help you to become a better trader.


Choose a non-lyrical calm music

A non-lyrical music is well, simply music without lyrics.

What most people fail to see is that when you listen to music with lyrics, your mind subconsciously focuses partly on the lyrics. This completely invalidates the purpose. You need to choose a type of music that will help your mind to focus on the task at hand.

However, you know that there are many types of just plain music.

For starters, you should know that the kind of music you pick should you with your task at hand. As a trader, the task at hand is to focus on how you trade. So, when you are trading, the best thing you can do is listen to just plain music rather than a song with lyrics.

Picking the right tempo and the genre also helps. For one, you need a kind of music that can relax you. However, not get you so relaxed that you might just fall asleep.

Classic music with just instruments is a great pick. Because these are just musical notes, your subconscious mind can focus on the task at hand.

Picking music with repetitive loops can also be used. However, you should know that listening to the same music can once again trigger your mind into playing the music in your head. This again beats the purpose.

Constantly switching between relaxing music can help you to be more productive.


Tools to help you pick the right music

If you are unsure of what kind of music can help you best, then look no further. Apps like YouTube, Spotify and many more have playlists. You can pick from many of these playlists, created by other users of the app.

You would be surprised to find the number of playlists that focus on themes such as concentration, study, etc.

At the end of the day, it is up to you to experiment and find out what kind of music can best help you while trading.

Remember that when trading, fear and greed are the two most important emotions you will deal with. A few losing streaks can make you disappointed. This could lead to missing out on some good trading opportunities.

Likewise, a few good winning streaks can make you overconfident and is prone to make you take more risks.

The type of music you need is one that can balance you out and help you to take an objective look at the markets.

And, if all else fails.. try silence. There is nothing better than the sound of nothing that can help you to focus!

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