Traders intend to be overconfident once they begin to make profits. This is something that no trader, new or experienced, should ever adopt or follow. What is really helpful is patience and maintaining a level of confidence.
I don’t think I will ever have a problem of being overconfident since I always struggled with lack of confidence as a trader. We only get overconfident when we start thinking trading is easy and making profits is no big deal. Underestimating the risk also leads to overconfidence. We should be aware of our flaws and continue to work hard to get better as a trader.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.