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.
confidence is very important but over confidence could be dangerous , so we have to leave this bad trading habit to make sure a healthy trading life with certainly.
Yes confidence is the key to success. But some people get overconfident. Real confidence comes from knowledge and skills. If you have enough knowledge and skills you will feel confident.
May 21 2021 at 17:55
Sarjohn posted:Practicing on a demo account will help a trader to build his career with full of confidence.
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.
Those who work and trade confidently achieve the best results possible, despite the mistakes they make.
May 23 2021 at 20:09
Ariest posted:They always make their mistakes into the learning things.
Those who work and trade confidently achieve the best results possible, despite the mistakes they make.
SteveHanks posted:Demo account like as first stage to exercise, but still good for training skills, it will depend on each trader how to treat the demo, if seriously I think it worth, and help, much in real trading which this is like an as real battle, which already involved all things, psychology, strategy, risk and money management.Sarjohn posted:Practicing on a demo account will help a trader to build his career with full of confidence.
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.
Sep 07 2021 at 18:10
Mohammadi posted:Yes. Confidence is good but overconfidence can be dangerous for any trader.
confidence is very important but over confidence could be dangerous , so we have to leave this bad trading habit to make sure a healthy trading life with certainly.
confidence should be in your every action, if there is no such, it means that there is no understanding of what you are doing, as practice shows
Sep 09 2021 at 10:31
I see no reason to start trading without confidence in a system. If you don’t believe, then don’t do it, come back when you’re confident and practice until every planned trade and every action is saturated with confidence.
@Marcellus8610
Akasuki posted:Exactly, skills and knowledge are needed to build confidence. You can never make a profit without this positive thinking. Positive Thinking is about building confidence by building skills.
Yes confidence is the key to success. But some people get overconfident. Real confidence comes from knowledge and skills. If you have enough knowledge and skills you will feel confident.
Sep 09 2021 at 18:55
I do support the idea that confidence is important in trading, however, it may come not only from expertise and huge knowledge, but also from nothing. I am talking about overconfidence which appears when a newbie watched some videos about 'rich teens who made millions on binary options'. So, such confidence comes from the wrong perception of the markets and trading itself.
Yes, confidence is important in forex trading, and also trading with calm minds also better than panic, because when trade face panic, usually they will rush in decision making and messed up a trading plan, but overconfidence is not good because maybe it will leading traders to become reckless in decision making with taking higher risk.
The confident and disciplined mindset plays an extremely important role in traders' success.
Sep 10 2021 at 10:03
Unellene posted:There is very little c confidence can do if the trader doesn't have a proper knowledge about forex trading. I could be very confident but still know nothing about trading. Would that help? I don't think so. Confidence is only helpful only when the trader has the required knowledge and has practiced his trading strategies time and time again.
confidence should be in your every action, if there is no such, it means that there is no understanding of what you are doing, as practice shows
Sep 10 2021 at 10:54
For Trading psychology and Disciplined behavior, you must make trades automated. this resolves the problem.
I can only say that this is a really important aspect that should be paid attention to.
Sep 11 2021 at 01:06
FXOday posted:All is well, trading requires confidence. But I can't be overconfident again.
Yes, confidence is important in forex trading, and also trading with calm minds also better than panic, because when trade face panic, usually they will rush in decision making and messed up a trading plan, but overconfidence is not good because maybe it will leading traders to become reckless in decision making with taking higher risk.
well, it is clear that without knowledge and confidence there will be no
Sep 13 2021 at 06:31
@MarcelDurham I agree with you. Quite often an ill-prepared person is the least confident. It is good to practice and work on improving your skills so that confidence may never leave your side.
