Confidence is very important

Dec 29, 2020 at 15:02
2,727 zobrazení
52 Replies
Členem od Jul 19, 2020   751 příspěvků
Dec 29, 2020 at 15:02
Confidence is very important. Confidence comes from knowledge and skills. Without proper knowledge and skills if anyone thinks he has lot of confidence, he can make money, then that's overconfidence. We should not be overconfident. Most of the newbies are overconfident. They focus on profit rather than developing skills.
Členem od Jul 23, 2020   869 příspěvků
Dec 29, 2020 at 17:23
True. You can build confident from demo trading. So, practice and test your strategy in demo account.
Členem od Apr 09, 2019   538 příspěvků
Dec 29, 2020 at 17:26
The over confidence comes from a position of ignorance and complaceny in my opinion. Learn as much as you can with practice you can be confident. Thinking you can go into the markets with a funded account without this at least is just arrogance.
If you can't spot the liquidity then you are the liquidity.
Členem od May 13, 2020   128 příspěvků
Dec 29, 2020 at 19:07
Confidence should be in your strategy, in your knowledge, in your behavior, in your dedication, in your discipline and ability to properly manage your funds
Členem od Oct 27, 2020   21 příspěvků
Jan 19, 2021 at 09:04
I agree with you. Overconfidence can ruin a lot of trades. It is important to work on acquiring knowledge in order to stay confident.
Členem od Apr 25, 2020   119 příspěvků
Feb 04, 2021 at 08:53
It is very important not to confuse confidence and overconfidence, because they are two different things, and if confidence gives you an edge, overconfidence will have a bad effect on trading.
Členem od Jan 21, 2021   48 příspěvků
Feb 08, 2021 at 11:22
I agreed. Self confidence naturally helps you to become stronger and stronger over time. It comes from knowledge and experience, if you want to trade without fear or hesitation you have to build confidence first.
Some newbies jump into trading with a little idea of it or after winning a few trades and in the end, they lose their money.
This is overconfidence, people are in this market for a long time and are still learning. First, acquire good knowledge and real experience
and then start trading.
Členem od Jul 19, 2020   788 příspěvků
Feb 14, 2021 at 13:10
It is never possible to consistently gain profit without trading confidence. So every trader should trade with a positive mindset.
Členem od Jul 19, 2020   298 příspěvků
Feb 16, 2021 at 07:48
One of the other major mistake is over leverage and over confidence. A newbie can blow up after having hundreds of winning trades and but one disaster trade. Also, lot of newbies have tendency to fight with forex market instead of trading the market like smart money do. They have no chance of wining the fight.
Členem od Dec 11, 2020   110 příspěvků
Feb 16, 2021 at 11:40
Confident is very important but overconfident is very bad.
Členem od Jul 20, 2020   298 příspěvků
Mar 13, 2021 at 01:10
It is very important to think positively to gain profit. In this case, you have to be confident but not overconfident.
Členem od Jul 20, 2020   298 příspěvků
Mar 14, 2021 at 01:37
It is never possible to make a consistent profit in trading without being confident. There is a power in man that is expressed through confidence.
Členem od Jan 05, 2021   11 příspěvků
Apr 03, 2021 at 03:44
Yes, confidence is the key to achieving your goals and making some money in forex.
Členem od Jul 23, 2020   759 příspěvků
Apr 23, 2021 at 14:47
It is true that confidence is necessary for trading. But over confident can also bring ruin.
Členem od Jul 19, 2020   788 příspěvků
Apr 23, 2021 at 17:09
kendrglover posted:
Yes, confidence is the key to achieving your goals and making some money in forex.
When a trader makes a consistent profit, he becomes overconfident. Overconfident should be eliminated by controlling emotions at that moment. And trading plans should be made with confidence. It is possible to trade professionally.
Členem od Dec 28, 2020   187 příspěvků
Apr 29, 2021 at 08:40
Agreed, Confidence is very important in trading, And it comes with knowledge and practice only. Practice on demo and when you feel you are making consistent profit on demo then only shift to live trading.
Členem od Aug 11, 2017   886 příspěvků
May 01, 2021 at 08:03
confidence is very important but over confidence could be dangerous , so we have to leave this bad trading habit to make sure a healthy trading life with certainly.
Členem od Mar 28, 2021   617 příspěvků
May 01, 2021 at 12:11
Yes confidence is the key to success. But some people get overconfident. Real confidence comes from knowledge and skills. If you have enough knowledge and skills you will feel confident.
Členem od Mar 17, 2021   536 příspěvků
May 21, 2021 at 17:55
Sarjohn posted:
Agreed, Confidence is very important in trading, And it comes with knowledge and practice only. Practice on demo and when you feel you are making consistent profit on demo then only shift to live trading.
Practicing on a demo account will help a trader to build his career with full of confidence.
Členem od Mar 26, 2021   29 příspěvků
May 23, 2021 at 07:23
Those who work and trade confidently achieve the best results possible, despite the mistakes they make.
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