Jun 05 2020 at 09:41
wirymace posted:
As long as good risk management is used then over confidence can be controlled. I find revenge trading is more damaging than over confidence
Revenge trading only blows up your account.
Aug 18 2020 at 12:04
Overconfident is the most dangerous thing in the forex market. Confident is good but overconfident can put you in great danger. I think, there is no space for overconfident in the forex market.
I agree with you. Overconfidence can put you in great danger in the forex market.
Harmful objects for overconfident trading. Overconfident can empty your account balance because when a trader becomes overconfident, it is not good for him to be in any discipline. They do not follow any money management to make a profit and increase the lot size. And they always want to do over-trading. As a result of this over-trading, losses are incurred. Risk rewards are never noticed.
Aug 21 2020 at 06:54
The cause of losses in overconfident trading. Traders who trade overconfident can never become successful traders. Over-trading people always work with greed, so even if they make a profit, they can't keep that profit for long. This over-trading comes from overconfident. I become overconfident when I make a lot of profit together. And from that overconfident, I lose that profit again. That's why it's never right to be overconfident in trading.
Sep 22 2020 at 20:59
Overconfident is not good for trading. It can put you in great danger.
Sep 23 2020 at 06:48
EbonyJones posted:
Overconfident is not good for trading. It can put you in great danger.
True in every field. Have to keep a balance between low in confident and over confidence.
Sep 23 2020 at 12:00
Over confidence takes a trader close to losses.
It is important to stay confident while trading, but a lil over confidence can mar it all
It is important to stay confident while trading, but a lil over confidence can mar it all
Sep 23 2020 at 15:01
Always respect the market movement by not being full of yourself, my consistency making profits is because I always respect the market and follow trends of the market any direction it breaksout.
Just respect the market and not try to boss the market from your overconfidence and you will be a profitable trader always. That is my own secret of making profits.
Just respect the market and not try to boss the market from your overconfidence and you will be a profitable trader always. That is my own secret of making profits.
Sep 29 2020 at 07:20
Agree with all here, overconfidence puts you in trouble.
Over confidence is one of those trait that require controlling in order not to get your account wiped out. You will have to be yourself and not getting the best of what market is showing else you are losing more than you can count.
Oct 15 2020 at 04:53
It is good to know that you are doing great and your confidence level is high. Be careful and good luck with the market.
Oct 17 2020 at 11:15
One should have confidence but overconfident person always make mistakes and in this volatile market you cannot afford to make any mistake.
Oct 18 2020 at 20:21
Overconfident can put you in great danger. You can loss all your money because of your overconfident nature.
Loss is inevitable if you are trading in volatile market conditions. Part of the loss in overconfident trading. You have to trade with the possibility of the Forex market. And if one wants to make a 100% profit in this market of possibilities, it is never possible. Money management and risk management are not followed if it is overconfident. This is why many traders make losses.
Nov 10 2020 at 10:50
It’s good to be confident when you are trading. But when you cross the line and become over-confident, things get worse.
Many traders empty their accounts due to this issue, overconfidence and lack of proper plan.
Nov 18 2020 at 06:22
Overconfidence can be a big disadvantage for traders. It is very important to stay focused and keep working hard.
Joao91 posted:
Many traders empty their accounts due to this issue, overconfidence and lack of proper plan.
Agreed! There has to be that thin line between confidence and over confidence, which lacks in many traders.
Nov 19 2020 at 07:17
Overconfidence can be really detrimental, but it is also bad if you don't feel confident enough. In the latter case, you might feel more fearful and stressed than you should. We have to find a middle ground where we have an adequate amount of self-confidence (which can be a challenge, of course).
