Confidence is much more important that one can think about it. There should be a real balance. If you would be very confident then probably you can come to overtrading or dump your deposit. If you would be less confident you can also lose all your money. That's why I guess that everything should be in balance. Confidence lets us to feel free when we decide to open a deal or not, when we understand that there are some opportunities to earn money or there areno such ones. Nevertheless, if you have no confidence in trading you can always improve this trait at least in this activity, in life it will be much harder.
necolesilvers posted: @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.
...at the same time, beginners should be wary of false assumptions, after the very first initial successes. It is important to take into account the stability factor and readiness for each possible scenario of the market movement. Brain and skill training builds confidence through knowledge.
Confidence is so important in your trading, confidence is believing in yourself, being comfortable in your true self, and knowing you have value. Having confidence makes people trust you, and you will also succeed easily. It is confidence that attracts success. When you have good self-confidence you make good decisions in trading, and as a result you are successful in the forex market. So make sure that you develop a high level of self-confidence by learning forex.
Confidence is important if you have a good trading strategy. However, if you are new to trading and don't have a reliable trading strategy, you should be skeptical about all your thoughts and never risk too much. So, confidence is important but overconfidence is detrimental.
Confidence is important, of course, however it's a real art to have an ability not to be too confident. There is a border in this case and I believe that if you're too confident, then, probably it can turned out bad for you, as well as if you're less confident, it might also turnde out bad for you. Trading is such an activity which don't like confidence, thus you should be pretty careful with it. You should be confident in your satrategy, knowledge and skills, but never be sure that you win a particular poisition, always rely on your personal skills and strategy, otherwise you will never see win positions actually.
Yes, of course, confidence is important, if forex market like a girl, you as the guy should be confident to make approach the girl, but the confidence should in fair level, don't overconfidence because it will drop your reputation, women will like to you as natural guys, if likely one girl rejects you, still there are so many another girl waiting for you, market forex remains there, one day get fail still many chances on the future, just need to make efforts and try again.
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