Edit Your Comment
Confidence is very important
Dec 29, 2020 at 15:02
Member Since Jul 19, 2020
749 posts
Confidence is very important. Confidence comes from knowledge and skills. Without proper knowledge and skills if anyone thinks he has lot of confidence, he can make money, then that's overconfidence. We should not be overconfident. Most of the newbies are overconfident. They focus on profit rather than developing skills.
Member Since Jul 23, 2020
816 posts
Member Since Apr 09, 2019
516 posts
Dec 29, 2020 at 17:26
Member Since Apr 09, 2019
516 posts
The over confidence comes from a position of ignorance and complaceny in my opinion. Learn as much as you can with practice you can be confident. Thinking you can go into the markets with a funded account without this at least is just arrogance.
If you can't spot the liquidity then you are the liquidity.
Member Since Oct 27, 2020
16 posts
Feb 08, 2021 at 11:22
Member Since Jan 21, 2021
49 posts
I agreed. Self confidence naturally helps you to become stronger and stronger over time. It comes from knowledge and experience, if you want to trade without fear or hesitation you have to build confidence first.
Some newbies jump into trading with a little idea of it or after winning a few trades and in the end, they lose their money.
This is overconfidence, people are in this market for a long time and are still learning. First, acquire good knowledge and real experience
and then start trading.
Some newbies jump into trading with a little idea of it or after winning a few trades and in the end, they lose their money.
This is overconfidence, people are in this market for a long time and are still learning. First, acquire good knowledge and real experience
and then start trading.
Feb 16, 2021 at 07:48
Member Since Jul 19, 2020
310 posts
One of the other major mistake is over leverage and over confidence. A newbie can blow up after having hundreds of winning trades and but one disaster trade. Also, lot of newbies have tendency to fight with forex market instead of trading the market like smart money do. They have no chance of wining the fight.
Member Since Jul 20, 2020
286 posts
Member Since Jul 20, 2020
286 posts
Member Since Jan 05, 2021
10 posts
Member Since Jul 23, 2020
696 posts
Apr 23, 2021 at 17:09
Member Since Jul 19, 2020
742 posts
kendrglover posted:
Yes, confidence is the key to achieving your goals and making some money in forex.
When a trader makes a consistent profit, he becomes overconfident. Overconfident should be eliminated by controlling emotions at that moment. And trading plans should be made with confidence. It is possible to trade professionally.
Member Since Mar 17, 2021
494 posts
May 21, 2021 at 17:55
Member Since Mar 17, 2021
494 posts
Sarjohn posted:
Agreed, Confidence is very important in trading, And it comes with knowledge and practice only. Practice on demo and when you feel you are making consistent profit on demo then only shift to live trading.
Practicing on a demo account will help a trader to build his career with full of confidence.

*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.