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Overconfident

EllisParker
Nov 19 2020 at 07:25
34 posts
Overconfidence leads to endless failures. We have to be really calm. Gotta understand the difference between being confident, under confident and over confident.
SteveHanks
May 24 2021 at 18:42
536 posts
EllisParker posted:
Overconfidence leads to endless failures. We have to be really calm. Gotta understand the difference between being confident, under confident and over confident.
Overconfidence is the most dangerous thing in the forex market.
SofieAndreasen
Jun 09 2021 at 07:57
759 posts
Always trade with your plan, not your emotion even your confidence.

Aurisida
Jun 10 2021 at 07:40
46 posts
If you don't want your emotions to play a cruel joke on you, write a trading plan and follow it clearly.
Tremblay
Jun 10 2021 at 08:25
330 posts
SofieAndreasen posted:
Always trade with your plan, not your emotion even your confidence.

Yes. Emotion can put you in great danger.
AliaDare
Jun 11 2021 at 18:13
788 posts
Confidence needs to be controlled so that it is not overconfident. I calm myself by meditating when I make extra profit. That doesn't make me overconfident.
Skinim
Jun 13 2021 at 06:36
12 posts
In everything you need to know when to stop and then you can safely trade and see the result that is obtained
Accessonus
Jun 16 2021 at 05:30
9 posts
I believe that once the overconfidence arises in a trader then he will never be able to maximize his knowledge and profits.

AndrewMcCalam54
Jun 19 2021 at 07:17
132 posts
overconfident actually not a bad habit , its a punishment' , nothing without it. not only in trading life but also harmful for real life.
tediousbissa
Jun 25 2021 at 04:07
18 posts
Is a key to get doomed. Logic and patience on the other hand are the two keys for forex trading. Decisions based on logical facts and patience to wait for the result are very important to become a successful trader.
SteveHanks
Jun 25 2021 at 06:45
536 posts
AliaDare posted:
Confidence needs to be controlled so that it is not overconfident. I calm myself by meditating when I make extra profit. That doesn't make me overconfident.
I also agree with you.
billysnyder
Jun 26 2021 at 11:18
111 posts
Being overconfident can make you unrealistic. It’s good to be positive but being overwhelmingly positive in the forex market can put you in danger.
You need to learn properly so that you understand the market and what is possible before you start risking your money.
lilliemorris
Jun 29 2021 at 04:38
15 posts
It’s good to be an optimistic person otherwise. But when it comes to trading, the more realistic you are, the better your trading career becomes.
RobSchiz
Jun 29 2021 at 08:04
567 posts
lilliemorris posted:
It’s good to be an optimistic person otherwise. But when it comes to trading, the more realistic you are, the better your trading career becomes.
Yes. You are right. Being realistic is very much needed to survive in this market.
Likimas
Jul 01 2021 at 11:59
14 posts
There are so many opinions expressed in this thread that being overconfident does harm to trading. I would add that being underconfident also affects negatively on trading results. It is the same as in real life. The best way to survive is to be realistic, but it is easier said than done. The best way to decrease the influence of psychology on trading is to work out a trading strategy with the strict rules and understanding probabilities. Before making a deal, I believe, a trader should understand that there is no warranty that the price will go this or that way, but there is a probability which is always less than 100%. If a trader sees the indicators which say that the probability of this or that event will take place is high, a trader should react to this and do the trades according to information he possesses.
ChampChiri
Jul 01 2021 at 12:37
13 posts
That is why it is important to have clear and accurate trading strategy in order to minimize the influence of emotions on the decision making process.
Tremblay
Jul 01 2021 at 16:14
330 posts
ChampChiri posted:
That is why it is important to have clear and accurate trading strategy in order to minimize the influence of emotions on the decision making process.
Yes. A proper strategy can make you rich.
LyudmilLukanov
Jul 06 2021 at 13:27
851 posts
Traders need the confidence to trade. But sometimes it also leads to loss.
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