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Overconfident
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jaredtaylor

Member Since Aug 05, 2019  45 posts jaredtaylor Jun 05 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.

GeorgeBischof

Member Since Jul 19, 2020  225 posts GeorgeBischof Aug 18 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.

Shelby10

Member Since Jul 15, 2020  90 posts Shelby10 Aug 20 at 13:44
I agree with you. Overconfidence can put you in great danger in the forex market.

AliaDare

Member Since Jul 19, 2020  154 posts AliaDare Aug 21 at 00:23
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

Member Since Jul 20, 2020  156 posts LeviSievwright5 Aug 21 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.

EbonyJones

Member Since Jul 20, 2020  161 posts EbonyJones Sep 22 at 20:59
Overconfident is not good for trading. It can put you in great danger.

VictorAxel

Member Since Sep 18, 2020  16 posts VictorAxel Sep 23 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.

Juan_Garcia

Member Since Jun 05, 2020  31 posts Juan_Garcia Sep 23 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


Member Since Aug 23, 2020  142 posts ProfitsOnly () Sep 23 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.

Hillartrading

Member Since Sep 08, 2020  19 posts Hillartrading Sep 29 at 07:20
Agree with all here, overconfidence puts you in trouble.

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