| |
![]() | |
Currency Trading Information Channel |
|
![]() |
|
|
![]() |
Creativity in Trading"Is it important to be creative in your trading?" I'm not sure I can describe it in terms of importance. The creative process is somewhat of a mystery, even to scientists who study it. There are a few common characteristics that all creative persons possess (such as an openness to a variety of internal and external experiences and a driving need to express one's sense of individualism), but for the most part, exactly how the creative mind makes earthshaking discoveries is unknown. A few prerequisites are necessary, though. The mind must be focused, for example. New ideas must flow through the mind freely, and there must be a wide range of ideas, so that they can be combined and re-combined in new ways. New and creative trading ideas are necessary to stay ahead of the crowd, so doing whatever you can to prepare your mind to brainstorm new ideas will help you develop creative trading strategies that are the foundation of profitable trading. Many great scientific discoveries were made almost by accident, through a serendipitous observation. Had an untrained eye made the observation, it would have been missed. But because the scientist's mind was continuously running through a wealth of ideas, he or she saw a new discovery in a seemingly ordinary event. Discovering new trading ideas is also a creative, intellectual endeavor. You must get your creative juices flowing in order to see the next new idea. It's essential that you "prime" your thinking processes, get your mind ready to make a creative observation. In some ways, your mind is like a well. You prime a well to get the water flowing, and once it's started, it flows continuously. You must similarly prime your mind to get ideas flowing. Various ideas in your mind are stored in a hierarchical structure. Information is stored together in a clump, depending on its meaning. When you aren't thinking of a particular topic, it's hard to bring information about that topic into consciousness; it lies their stagnant and hidden. However, when you make a concerted effort to think carefully about a specific topic, or a closely related topic, and start running through a bunch of possibilities, all kinds of new possibilities become apparent. Your mind quickly scans various concepts and ideas, almost unconsciously. Suddenly this wealth of information combines and you see something new. For example, suppose you develop a vague trading idea about how a set of indicators may forecast the price of a particular stock. Once you get the basic idea in your mind, you can prime your mind to get the creative juices flowing. For example, you can scan a set of charts to back test and find support for your hypothesis. As you look through the charts, the information you see will prime other related information. Soon idea after idea will coalesce, and you'll make a new discovery that will serve as a basis for a new trading strategy. The main point is that you must set your thinking processes in motion to come up with a creative new idea. Some traders even suggest putting on a small trade based on a hunch in order to set your creative processes in motion. When you put on a trade, your adrenalin starts to rush, your attention starts to focus, your senses are heightened, and you suddenly change your perspective until you see new ideas. The more your mind is active, the more likely you'll make creative new discoveries. Knowing about the creative process and how to set it in motion gives you power. Some people are down on themselves because they can't seem to think creatively. But they can. They just need to know how to do it. It's vital to be relaxed and free of anxiety. But it's also essential to prime your mind in order to start the process. So when it's time to think of a new trading idea, think creatively. Set your creative processes in motion. You may come up with a big idea that will make you huge profits. Joe Ross Joe Ross, trader, author, trading educator is one of the most eclectic traders in the business. His 47+ years include position trading of shares, and futures. He day trades stock indices, currencies, and forex. He trades futures spreads and options on futures, and has written books about it all - 12 to be exact. Joe is the discoverer of The Law of Charts?, and is famous for the Ross hook? and the Traders Trick Entry?. Trading Educators, Inc. The Team at Trading Educators is composed of an international blend of experienced traders, all educated and proficient in the Joe Ross methods. Our professional staff trades regularly in the markets. Since its foundation Joe Ross and the Team at Trading Educators have taught thousands of satisfied customers who use Joe's concepts to produce significant profits in today's markets.
More super funds calling for speciality currency exchange services Investment Magazine Crypto as retirement strategy talkbusiness.net Why so many Nigerians lose money in currency trading Nairametrics Standard Chartered banks on carbon trading amid muddy second-half outlook - South China Morning Post Standard Chartered banks on carbon trading amid muddy second-half outlook South China Morning Post AUD/USD Forex Signal: Consolidating Below 0.7142 DailyForex.com AUD/USD: A fundamental story FXStreet Insider trading compliance is being track by NSE Investing.com India Websites close 12,000 accounts encouraging illicit virtual currency trading amid crackdown Global Times Trading Support and Resistance – AUD/JPY, EUR/USD, GBP/USD DailyForex.com Wall Street headed for 4-week streak of gains Yakima Herald-Republic Cuba Increases Official Exchange Rate For U.S. Dollars Cigar Aficionado Do Good Traders Vary Bet Size? Forex Factory EUR/USD Forecast: Euro Falls into Weekend DailyForex.com Hundreds of Pinoys learn new trading techniques The Manila Times 6 Forex trading myths | The Guardian Nigeria News - Nigeria and World News — Features Guardian Nigeria Global contact centre as a service market to reach $16 bn by 2027 Investing.com India What is a Bitcoin Trading Bot? THISDAY Newspapers Hyundai ranks 3rd in global vehicle sales in 2022 1st half Investing.com India 10 Best Forex Brokers in 2022: Top 10 FX Trading Platform Reviewed and Ranked ABC Action News Tampa Bay FTC Probes $200M Bitmark Crypto Hack PYMNTS.com USD/TRY Forex Signal: Lira Opens Weekly Trading Low DailyForex.com Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates – Regulation Bitcoin News Bitcoin News What Is Forex Trading? Bankrate.com Basics of Forex Trading - Part 1 FX Empire USD/JPY Forecast: USD Finds Buyers Against the Japanese Yen DailyForex.com Cryptocurrency market will make a recovery: Skybridge Capital’s Anthony Scaramucci The Financial Express BTC/USD Forecast: Bitcoin Gives Up Early Gains For the Day DailyForex.com Best Forex Trading Platforms: Most Famous Forex Brokers & Traders of 2021 Washington City Paper What are the Pros and Cons of Forex Trading? RealtyBizNews What is forex trading and how does it work? The European Sting 4 Ways COVID Boosted Currency Trading Yonkers Tribune. Why currency trading involves major risks Nairametrics 10 Best Forex Brokers for August 2022 Business 2 Community Forex (Foreign Exchange) Explained | U.S. News U.S News & World Report Money How to Know Which Currency Pair to Trade Startup.info Changing the Top Global Currency Means Changing the Patterns of Global Trade Carnegie Endowment for International Peace Moscow Limits Foreign-Currency Trading to Shore Up Struggling Ruble The Wall Street Journal Bank of America Grows its Global Foreign Exchange and Emerging Markets Macro Trading Team Bank of America Newsroom Can You Make Money Trading Forex? Finance Monthly Foreign currency trading is substantially growing around the world - The Southern Maryland Chronicle Foreign currency trading is substantially growing around the world The Southern Maryland Chronicle Currency Definition | U.S. News U.S News & World Report Money Why forex trading is not gambling Nairametrics The 5 Best Forex Trading Platforms of 2021 D Magazine Forex Trading: A Guide for Beginners The News Minute Best books to learn Forex Trading from scratch Free Press Journal Is forex trading a way to make a living? Nairametrics How to Trade Forex with $100 Yahoo Finance BC: Tips for Success in Forex Trading Punch Newspapers Forex Trading TD Ameritrade Proven Forex Trading Strategies that Work in 2022 BusinessLine Mastering Forex Trading Psychology Finance Magnates How to Trade Forex TD Ameritrade Currency trading in overdrive with dollar at highest level in two decades (NYSEARCA:UUP) Seeking Alpha Trading Forex vs Futures: Key Differences IG International
|