It raises the question of what makes psychology so important in trading? And further to this.. why is it often ignored?

Why is Trading Psychology So Important?

Trading psychology comprises of several different factors such as mindset, self-image, composure and emotion.

The mental state of a trader ultimately determines how succesful they become as in order to execute a strategy flawlessly you must be able to remain neutral under pressure.

As a result of this, many retail traders fail because even though they may have a powerful strategy, they are unable to execute it as required.

Another reason why psychology is so important is that traders are always seeking entertainment from the market versus looking at the market for what it is.

As humans it’s in our nature to seek excitement and let greed creep in, making the act of being neutral very counter-intuitive.

In Rewired, the state of emotion that we seek to achieve as traders is referred to as The Flow Zone and is a key part of the Rewired curriculum and teachings.

Mindset

Mindset is one of the most important factors in trading psychology that contribute towards whether a trader becomes successful or not.

A trader with a positive, growth-oriented mindset is more likely to succeed in the long run because they are open to question themselves and remain teachable. Whereas a trader with a negative mindset is much more likely to give up or question their strategy.

It’s therefore crucial for you as a trader to have a growth mindset by focusing on continuous learning, self-reflection, and goal-setting.

Self-Image

Self-image also plays a huge role in a trader’s success and focuses solely on how you perceive yourself as a trader.

Working hard to create a positive self-image will result in an increase in confidence in your own ability, which then reflects in your performance.

A trader with negative self-image usually doubts their own abilities, and even credits external factors as the problem such as strategy.

This is an area of psychology that is covered in depth in the Rewired curriculum and will help you to increase your overall success in the markets.

Composure

Composure is the ability to remain completely calm and neutral when looking at the charts and executing trades.

The human brain naturally feels under pressure when looking at live market conditions, and an inexperienced trader can easily feel like they need to enter a trade often and in quick succession or else the trade will go without them.

A composed trader is able to make clear-headed decisions based on their analysis and strategy, without being influenced by emotions such as fear, greed, or panic.

Remaining composed is what will ultimately see you succeed in the long-term.

Emotion

Emotions such as fear, greed, and hope can interfere with a trader’s ability to follow their strategy flawlessly.

Fear can cause a trader to hesitate or manage a trade incorrectly, whereas greed can lead to overconfidence and taking unnecessary risks.

Hope is what causes a trader to enter a position at the incorrect time, or even hold on to a losing position for too long thinking it will move back in their favour.

Successful trader’s learn to control their emotions to a certain extent, and be able to identify when emotion is becoming an obstacle between them and their trading plan.

As a Rewired student you will learn this in detail, specifically in module one (fear of missing out) and module two (dealing with anxiety in trading).

Why Psychology Is Often Ignored

Many educators focus on teaching students topics relating to strategy and risk management. Although still important, there is usually little to no emphasis on trading psychology even though it makes up for 90%.

The result is that there are many retail traders out there who know their strategy down to every detail, but are unable to generate consistent returns over a long period or feel like they are missing something that they just can’t put their finger on.

This creates a common mis-conception in forex trading which is that traders believe that to be succesful you only need to follow a profitable strategy in order to generate consistent returns.

In reality, traders believe they are close to learning 100% of what they need to when in fact they’ve only focused on the 10%. The 90% being psychology.

Rewired was conceived out of the desire to help traders from around the world really take hold of their future, and to be the missing piece of the puzzle of which many educators have failed to address.

Fun fact: A large majority of funded traders within the Falcon FX community who have taken the Rewired program directly credit it towards passing their funding assessments and rapidly scaling up their account.

Coincidence? We think not.

Rewired Versus Trading Psychology Books

Rewired provides an extensive curriculum of intentioanlly designed audio and video modules, covering topics such as Dealing With Anxiety in Trading, The Rewired Formula, Limiting Beliefs and more.

Additionally, you’ll have access to the Rewired Study Guide PDF, important Notion resources, live webinars with special guests and on going support through a fast-growing community of like-minded traders.

As a Rewired student you are well equipped to tackle the psychological hurdles that are between you and your success as a trader.

Join Rewired by clicking the button below and if you have any questions let us know!

The post The Importance Of Trading Psychology appeared first on Rewired Psychology Program.

About Athanasios:

I have a background in Casino Management, studying and working as a casino manager. I have also run my own business in the tourism sector and food supply in a high volume.

I have been trading since 2017 but the last year I saw the drastic change in my trading and my psychology during, before and after trading. The reason is Rewired.

What brought your attention to Forex trading?

I always had an interest in the markets. When I started it was easier to find a strategy and trade by your own (but not neccessarily profitable).

What was your ‘a-ha’ moment when you realized the importance of psychology in trading?

I knew my trading strategy well, but for a reason I could not identify I wasn’t able to apply it on the correct time or form.

What were your first impressions of Rewired upon enrolling?

I liked one by one all of the subjects. I felt that the topics covered are the most important ones and the areas that I need to improve if I want to be a high-level trader.

How has Rewired impacted your trading performance?

After learning the Falcon strategy, Rewired made me a successful trader.

After Rewired process (I am still doing the entire process on a daily basis) I improved a lot in my psychology. I feel very calm, extremely confident and I can improve any section on my life.

Would you recommend Rewired to other traders? And if yes, why?

100% yes.

If someone wants to be a successful trader and scale up, Rewired is mandatory. I even improved my life quality, I realized tons of things and changed the quality of the people I choose to be around me.

 Based on what you know now after enrolling in Rewired, would you agree that psychology is important even in the early stages?

100%, as the sooner you understand that psychology is 80-90% of your trading career as a successful trader, the earlier you will emphasise that. Then you will see yourself succeeding faster as well.

What does the future look for you now that you have both your strategy and psychology on lockdown?

Any goal I have for my life just needs time and work to achieve. Everything is possible and all my dream can be reality.

Any other comments:

If you want to be a better person, achieve all your dreams and have the mentality of a champion, invest in the Rewired program and you will be the best person you can be.

Be patient, put in the work and enjoy your life.

The post Athanasios Vasilakos appeared first on Rewired Psychology Program.

About Serhat:

I have been trading for 4 years and have been a member of Falcon FX for a little over 3 years now.

I was born in North London and my ethnic back ground is Turkish, I have a graduate degree in business management with Finance, I enjoy going to the gym spending time with my new puppy and personal development.

What brought your attention to Forex trading?

I discovered FX trading during my time at university when I wanted to pursue a career in investment banking. After graduating I found it difficult to break into the labour market due to high competition and requirements of excellent grades and a top tier university degree, which I fell short of.

I did not let this get in the way of my dream so I decided I can do this for myself as a retail trader and trade my own capital.

Fast forward many years I am now a Portfolio Asset Manager trading the in house FFX Fund that Falcon FX offer.

What was your ‘a-ha’ moment when you realized the importance of psychology in trading?

I went through a period in my trading where I was doing the break even dance and not once thought to address and work on my psychology.

Before I did, I would question my own ability and sometimes even the strategy I was using. However, the intorduction of addressing your psychology was a new concept that the Rewired programme brought to the surface.

As traders when we start our journey, psychology is the last thing we think about but it is the most important in my opinion. If our self image is incorrect and not aligned with our goals then we will struggle to be successful.

The Rewired programme was instrumental in helping me identify this and helped me recreate my self image to one that encompasses the successful traits of a consistently profitable FX trader at scale.

Moreover, the concepts of visualisation meditations that help you align with your future self image have also been crucial in dealing with small tweaks in my trading.

What were your first impressions of Rewired upon enrolling?

The quality and presentation of the content is great, it is laid out step by step in order of importance which compliments each module.

As you progress you can track your development through the completed percentage stat on the dashboard.

The option of having the videos as audio files also makes it good to listen to whilst driving or on a run.

Overall I was very excited to be part of this programme as I knew it would be instrumental in my development as a trader.

How has Rewired impacted your trading performance?

I can say that Rewired has helped massively in the process of me passing my FFX Fund assessment.

Additionally it has also helped me maintain my fund during periods of losses as I was able to stay calm and behave like a 7 figure trader would due to the self image correction exercises I would do consistently.

Furthermore, it has gave me self belief that I can achieve my future goal of becoming a 7 figure trader through affirmations and visualisation techniques.

Would you recommend Rewired to other traders? And if yes, why?

100%. Trading is 80% psychology and 20% technical analysis. We learn this very late on in our journey but once we realised how important it is we get to work on it.

I do believe everyones trading journey is unique to them and psychology is an element that needs to be addressed once a trader is comfortable and confident trading their strategy and understanding market behaviour.

 Based on what you know now after enrolling in Rewired, would you agree that psychology is important even in the early stages?

Yes I agree!

What does the future look for you now that you have both your strategy and psychology on lockdown?

I see myself trading 7 figures on the FFX Fund by the end of 2023. I have already achieved this goal in my mind so every day I act as if I am a 7 figure trader and am aligned with this goal.

Any other comments:

Rewired is an investment every serious trader needs to make. You will not regret it!

The post Serhat Yildirim appeared first on Rewired Psychology Program.

About Theofilos:

I joined Falcon FX early 2019. Before Falcon, I started with following trading signals, then tried to learn myself, then with a company that we just never clicked.

What brought your attention to Forex trading?

Freedom, financial & geographical independence as well as the idea of being able to live life in my own terms.

What was your ‘a-ha’ moment when you realized the importance of psychology in trading?

When I saw people with less time and experience than me moving forward and faster than me.

I reverse engineered the process in all people that made it into trading and I never found one that didn’t work on his/her mindset & self image.

What were your first impressions of Rewired upon enrolling?

Curious to see what it was there for me and WHY Mark chose those 7 modules . What was in there that could make me a better trader?

How has Rewired impacted your trading performance?

After listening Rewired modules on repeat, you realise self image is the #1 issue most traders will deal with. So I started fixing that, and my performance in trading improved through better emotional management, correcting error thoughts and creating new experiences through new thoughts, then new behaviours, new actions, etc.

Would you recommend Rewired to other traders? And if yes, why?

I would only recommend Rewired to traders if they’re serious and open to learn themselves more.

Rewired is not a doctor or magic spell, but if you’re willing to work with yourself and be a student, you will wake up one day after listening it on repeat and everything will make sense. If you don’t know what’s holding you back and you think you know everything, join as soon as possible!

The sooner you join, the better because you will have less issues to fix with self image and being a “loser” in trading.

 Based on what you know now after enrolling in Rewired, would you agree that psychology is important even in the early stages?

Absolutely. Everything connects to everything else.

Technical knowledge needs to be built and put up to the base. That base, is your mindset.

Give a mentally weak trader the best trading plan and he will fail sooner or later. Give a mentally strong trader bad conditions and he will still come out of it profitable.

What does the future look for you now that you have both your strategy and psychology on lockdown?

When you finally see the improvements in your mindset and you feel different when you trade, it’s then just a matter of time and market conditions to be successful.

The feeling is mostly excitement but bottled, I still have to apply everything that I’ve learned and stay humble when I start scaling up.

Future looks bright and somehow, it feels effortless than ever because now I know what I need to work on and how to approach almost everything.

Any other comments:

You can very easily take Rewired, be casual with it and don’t see any difference. This is not just normal, it’s also common.

I recommend everyone to be super intentional with it, pay attention to the details. It’s not something you go over once and then forget. It’s a process you have to do forever, especially in the early stages or when something changes in your life.

The post Theofilos Kotseli appeared first on Rewired Psychology Program.

About Danielle:

32 years old from the United Kingdom. No previous experience in trading or forex and had a previous background as a Mortgage Broker.

What brought your attention to Forex trading?

I wanted to learn a skillset that did not swap time for money, but instead allowed me to generate passive income to better use my time to build other assets not liabilities.

What was your ‘a-ha’ moment when you realized the importance of psychology in trading?

When I first passed my third party funding I did not feel at the time like I deserved it and that I might loose it. I realised at this moment I had a self image problem that needed to be fixed if I was going to keep the funding and trade sustainably for the long term.

What were your first impressions of Rewired upon enrolling?

Easy to listen to as well as being able to listen anywhere. Practical exercises and techniques I could implement straight away, and the familiar voice and content style of Mark gave me a feeling of trust and consistency in the way I was learning both falcon and rewired educational content. I also liked that it was all branded blue which is a colour that triggers calmness and reduced anxiety.

How has Rewired impacted your trading performance?

Rewired has given me the ability to be able to bridge the gap between who I am now and who I have always seen myself as deep inside.

Rewired helped me figure out what parts of my programming are no longer benefiting me and how to rewire this old programming into new thought patterns and behaviours that benefit and compliment the mindset needed for trading, by figuring out how I truly feel about myself and my life and why I feel this way.

Doing this has helped me regulate my emotions in the market and remain more composed in the live environment to be able to make better decisions on a consistent basis that as a side effect has given me consistent profitable outcomes.

Would you recommend Rewired to other traders? And if yes, why?

Yes! Rewired is the most cost effective and time saving way to develop the mindset needed to tackle the forex market and gain consistency without reading millions of books and filtering through hours of irrelevant information.

 Based on what you know now after enrolling in Rewired, would you agree that psychology is important even in the early stages?

Yes. It’s one thing to know the technical aspect of trading, but to be able to deploy it in the live environment is 90% psychological .

Without trading psychology education like this you will only be profitable in a simulated environment if you are just working on your technical ability.

What does the future look for you now that you have both your strategy and psychology on lockdown?

Very bright! I am able to stay confident and consistent in how I think, feel, and act as this is based on a process and also the right mindset to not allow complacency to kick in and to not attach loosing to what I am capable of or my self image.

Any other comments:

Great value, additional modules included as part of the original purchase, continuous improvements to the program based on funded students experiences.

The post Danielle Bromfield appeared first on Rewired Psychology Program.

About Yasin:

I started trading in 2020 knowing nothing about forex. The first place I learnt to trade was with falcon trading guidance and I have been enjoying the journey ever since. I have worked many jobs in my working career but my passion is in trading and entrepreneurship.

What brought your attention to Forex trading?

What brought me to forex was the freedom it can unlock for myself and my family. Not being dependent on others or a 9-5. The freedom of time, where to live, how to live my life was the main appeal.

What was your ‘a-ha’ moment when you realized the importance of psychology in trading?

I had lost 2 funded accounts and when I looked back at how my psychology was at that time, I wasn’t behaving like I normally would.

I was overly emotional while in trades, I would be overly upset when I miss a position and I would be overly happy when I win a position. I realised this emotional volatility is not sustainable and not helping me progress as a trader.

What were your first impressions of Rewired upon enrolling?

My first impressions of Rewired showed me that there was more to trading than technical analysis. It made me understand that I am the asset so I need to understand how my mind works and to learn how to think like a successful trader.

The modules have been set up to help you identify where your issues may lie. Then how to address them and how to move forward as the best possible, most complete version of yourself.

How has Rewired impacted your trading performance?

My trading performance has improved dramatically. I am not overly emotional while in positions and losses do not feel like attacks to my ability.

I am also not attaching my self worth to my trading results which has allowed me to enjoy trading a lot more and has resulted in me reaching profitability and scaling up to 6 figures of trading capital and incrementally scaling up further.

Even if I wasn’t trading this capital, the self confidence I have gained is helping me make the correct trading decisions in and out of the markets.

Would you recommend Rewired to other traders? And if yes, why?

I would recommend Rewired to every trader.

The majority of traders do not succeed. We also know that the majority of traders only focus on technical analysis and not on becoming the asset. There is a correlation.

The mind is so powerful and we need to learn how to think like the successful traders. That is what Rewired helps us to do and I have seen the success that comes with Rewired in myself, my brothers and other traders in the community – there is nothing I recommend more.

 Based on what you know now after enrolling in Rewired, would you agree that psychology is important even in the early stages?

I agree.

When coming into learning how to trade you will naturally bring your old thought patterns into the market.

The ones that succeed in trading have understood that these conventional thought patterns do not help you in an unconventional profession like trading.

Rewired will help the new trader unwire out those old thought patterns so they can start fresh into trading ultimately speeding up the journey and making it a lot more enjoyable and sustainable.

What does the future look for you now that you have both your strategy and psychology on lockdown?

Now that I understand my technicals to a good level, now that I have full confidence in myself as the asset, the one in the drivers seat, I am ready to scale up further and make all my dreams a reality.

I understand that as I develop as a person and as a trader I will need to keep my psychology in check and keep using what I have learnt in Rewired to reach even higher levels. The vision is so clear. It’s time to execute and make it happen.

Any other comments:

Rewired has helped me accept and move past alot of the issues and emotional baggage I have had in the past. I couldn’t be happier with the person I have become and the person I am becoming

The post Yasin Mohamed appeared first on Rewired Psychology Program.

About Harry:

It’s quite challenging to write about myself because I’ve evolved so much over the last 5 years since being with Falcon and even more so the last 18-24 months of being involved in Rewired so the person I am now is very different but my passions remained pretty much the same.

I’m a very active person – I love adventure, seeing new places & being out in nature on a daily basis. I have an intense love for sports, literally any sport! I just enjoy the competition, the trials and tribulations it entails but most of all seeing the best of the best in their field perfect their craft over time.

Last thing I would say is I love a story, not like a book but more so an individual, hearing what they’ve been through, what shaped them, the good/the bad, how they broke through, the lessons, the impact they’ve had… all of it!

What brought your attention to Forex trading?

Initially I got into trading thinking I could follow signals from my phone & make an extra couple grand a year to fund my life & maybe the odd holiday… boy how that’s changed!

What was your ‘a-ha’ moment when you realized the importance of psychology in trading?

It actually came from pain, I couldn’t understand the importance of psychology because I had the belief that losses wouldn’t effect me emotionally if I was a good technical trader. It took me years, even with my mentor telling me the importance of it weekly.

Eventually after the frustration and pain of poor trading results & performance, I reviewed my back testing results side by side with my live trading performance, the difference was shocking, so what was the difference? The emotions/psychological element were present in one & not the other, this was that a-ha moment.

What were your first impressions of Rewired upon enrolling?

The creator is my mentor so I knew the quality & standard of content/knowledge I would be receiving would be exceptional. However, my first impression was that I loved the audio delivery and the fact it felt like Mark & I were really going through the program and exercises together.

How has Rewired impacted your trading performance?

I know I still have loads of room for growth which excites me but thus far my emotional management both pre, during & post trade is night and day difference, not just since I joined the program but each time I revisit it.

Even if there are times I feel a certain emotion I now have the tools to overcome it quickly & correctly. I don’t feel anxious looking at the charts, I no longer see the market as threatening. How I approach the charts & perform from a good state of flow has drastically improved.

Lastly, aligning and acting in accordance to the correct self image of a successful risk manager and asking myself what would this type of person do/react in my day to day life has ensured I make good quality decisions both in and out of trading that benefit my overall performance.

Would you recommend Rewired to other traders? And if yes, why?

Absolutely, because whether we like to admit it or not psychology without a doubt the most important element of trading (could argue in any endeavour in life).

It’s this exact reason that you could have a trader with their mind right & an average strategy far outperform a trader with the best strategy in the world but a poor mindset.

Based on what you know now after enrolling in Rewired, would you agree that psychology is important even in the early stages?

100% – just like mastering the basics of a strategy must be master the basics of how our mind operates.

What does the future look for you now that you have both your strategy and psychology on lockdown?

I’m not the finished article yet but my future self is clearer & closer than ever before.

Acting in accordance with this individual has given me great confidence & focus to continue moving forward to achieving my goals and fulfilling my why.

Any other comments:

Incredibly grateful to Mark & the team for compiling over a decade of not just knowledge but the application of that knowledge, into carefully positioned steps to mastering our mind.

The post Harry Sawdon appeared first on Rewired Psychology Program.