Listening to music while you trade can keep you focused and relaxed. It can also help to block out other distractions.
However, you can only realize these benefits if you are listening to the right music. The following are some sources of audio pleasure to help traders relax and focus.
8tracks For Traders
8tracks is an online radio service that has playlists handpicked by its users. From what I have heard on 8tracks, some of their users are true music connoisseurs.
You can use tags to find the playlists you want quickly. Use the tags “focus” and “concentrate” to find playlists for your trading sessions. You can combine these tags with instrumental, soundtracks, classical, or any other tags of your favorite music genre.
These are my personal favorites for my trading music.
8tracks has some limitations due to its license. The bad news is that you are unable to preview the list of songs within a playlist, and song sequence gets jumbled up each time you play it.
But the good news is that 8tracks is entirely legal and free, so you can focus on being a trader and not feel like a pirate at the same time.
Spotify For The Right Trading Mood
Want a simple one-click playlist to help you focus?
Sign up for Spotify and go to Genres & Moods. Then, select Focus.
The playlist is specially compiled to help you focus and will do the trick for your trading sessions.
The free version comes with ads. If they bother you, consider subscribing to their paid plans.
White Noise For Trading Focus
Okay, this is not music. But white noise is potentially useful for blocking out distractions.
White noise combines sounds of different frequencies. Due to the different frequencies in white noise, it masks other sounds and aids focus.
White noise is a form of sound therapy used to improve attention span and sleep quality.
Silence For Trading Performance
Very often, you already have an idea of the effect of music on your concentration span.
If listening to music helped when you were cramming for examinations, then you should certainly try listening to music during your trading session.
However, I am sure that some traders feel distracted by any form of sound or music.
In that case, silence is golden.
Important Note For Listening to Music While Trading
If you decide to listen to music while you trade, make sure that you can still hear your trading alerts. I use my tablet to play music and keep my trading computer free to sound off when trading opportunities present themselves.
You might take some time to get used to listening to music while trading. Start slow and listen for a short period during the quieter market hours. If you feel comfortable with the music, then start playing them for a more extended period during the more active trading hours.
Ultimately, listening to music when trading is a personal choice. The goal is to enhance concentration and performance and take only the very best trades. And music might help.