It sounds like a ganglion cyst. I have one too. Kinda embarrassing... Saw a doctor who has referred me to a specialist to have it removed. I too would like to try a more natural approach first.
Do a google search to learn more~
The exact cause of the formation of ganglion cysts is still unknown. They are believed to be caused by overuse of a specific joint, which results in the degeneration of the surrounding fibrous tissue and the development of a cystic structure. The cyst contains clear fluid similar to synovial fluid. They are most often found around the wrist joint, especially at the scapho-lunate joint, which accounts for 80% of all ganglion cysts.

Ganglia are especially common in people who perform repetitive or strenuous activity with the wrist, including weight lifters, gymnasts, waiters, tennis and golf players, and musicians. Among the latter, double bass players may develop ganglion cysts after extensive use of the German bow.

A common misconception is that ganglion cysts are due to pockets of the synovium protruding from the joint capsule. However, this would not account for the toughness of the cyst.


Treatment
Frequently, the cysts will disappear over time. In cases of small cysts that do not cause other symptoms, no other treatment is necessary.

If a ganglion cyst is symptomatic, it can be managed by aspiration or excision. Aspiration of the cyst is the simpler of the two procedures, but cysts recur in approximately 50% of cases. With surgery, the recurrence rate is reduced to only 5 to 10% if it is fully taken out, and complications rarely develop. Recurrence rates are lower when the hand or finger is immobilized for 1 to 2 weeks.

Arthroscopy of the wrist is becoming a viable alternative to open excision of ganglion cysts. During arthroscopy, the origin of the cyst can be seen. No immobilization is needed after arthroscopy.

One traditional method of treating a ganglion tumor was to strike the lump with a large, heavy book, causing the cyst to rupture and drain into the surrounding tissues. Since even the poorest households often possessed a bible, this was commonly used, which led to the nicknaming of ganglion cysts as "Bible Bumps" or "Gideon's Disease". This treatment may be effective, but is no longer recommended, as patients risk damaging the surrounding area. As this may make the cyst worse, other treatment options are preferable.



Ganglion cysts occur most often in the 20–60 age group and are three times more common in women.