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Overconfident

jaredtaylor
Jun 05 2020 at 09:41
50 posts
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.

GeorgeBischof
Aug 18 2020 at 12:04
318 posts
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.

Shelby10
Aug 20 2020 at 13:44
140 posts
I agree with you. Overconfidence can put you in great danger in the forex market.

AliaDare
Aug 21 2020 at 00:23
788 posts
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.

LeviSievwright5
Aug 21 2020 at 06:54
298 posts
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.

EbonyJones
Sep 22 2020 at 20:59
232 posts
Overconfident is not good for trading. It can put you in great danger.

VictorAxel
Sep 23 2020 at 06:48
31 posts
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.

Juan_Garcia
Sep 23 2020 at 12:00
33 posts
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

ProfitsOnly
forex_trader_[1786937]
Sep 23 2020 at 15:01
142 posts
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.

Hillartrading
Sep 29 2020 at 07:20
32 posts
Agree with all here, overconfidence puts you in trouble.

cardigan
Sep 29 2020 at 11:41
102 posts
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.

rosellemunsays
Oct 15 2020 at 04:53
27 posts
It is good to know that you are doing great and your confidence level is high. Be careful and good luck with the market.

Amber_0302
Oct 17 2020 at 11:15
54 posts
One should have confidence but overconfident person always make mistakes and in this volatile market you cannot afford to make any mistake.

GeorgeBischof
Oct 18 2020 at 20:21
318 posts
Overconfident can put you in great danger. You can loss all your money because of your overconfident nature.

AliaDare
Oct 19 2020 at 00:49
788 posts
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.

Rassellkarl
Nov 10 2020 at 10:50
36 posts
It’s good to be confident when you are trading. But when you cross the line and become over-confident, things get worse.

Joao91
Nov 10 2020 at 11:23
18 posts
Many traders empty their accounts due to this issue, overconfidence and lack of proper plan.

Mikehamilton
Nov 18 2020 at 06:22
33 posts
Overconfidence can be a big disadvantage for traders. It is very important to stay focused and keep working hard.

Joz8
Nov 19 2020 at 06:42
104 posts
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.

DoraWalletInvest
Nov 19 2020 at 07:17
123 posts
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).

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