UweMoench
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.
LyudmilLukanov
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.
Seb King
(sebking1986)
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.
Stonesong
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
nincompoop
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.
Kazile
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.
MichaelEX
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.
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.
AliaDare
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.
Michihito
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.
robindude
Členem od Dec 11, 2020
110 příspěvků
Feb 16 2021 at 11:40
Confident is very important but overconfident is very bad.
gookerjohnson
Členem od Dec 23, 2020
19 příspěvků
Mar 06 2021 at 04:13
Yes, confidence does come with knowledge and skills about trading. A well-versed trader would have a completely different attitude and confidence for trading better.
Tremblay
Členem od Feb 23, 2021
330 příspěvků
Mar 06 2021 at 09:45
It is difficult to make a profit as long as trading skills are not developed. If you want to make a profit consistently, you have to give up emotions and follow money management. And 1: 2 risk rewards must be maintained and traded. Must do regular meditation.
sailingconsist
Členem od Oct 26, 2020
33 příspěvků
Mar 12 2021 at 12:25
Tremblay, a 1:1 risk reward ratio is also fine sometimes particularly for beginners since they’ll be risking the same amount as the potential gain.
sipriches
Členem od Dec 24, 2020
4 příspěvků
Mar 12 2021 at 13:11
sailingconsist posted:Same amount of winning and losing trades is no doubt better than losing the money entirely. While with a 3:1 ratio, you might lose two trades and win one, but shall still make profits. It’s all about the strategies you use.
Tremblay, a 1:1 risk reward ratio is also fine sometimes particularly for beginners since they’ll be risking the same amount as the potential gain.
LeviSievwright5
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.
DanielGlaus
Členem od Feb 23, 2021
26 příspěvků
Mar 13 2021 at 18:55
Trading requires a lot of discipline. Profits are not possible in trading without discipline. Trading is a very risky business and you need the discipline to survive in this risky business.
LeviSievwright5
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.
kendrglover
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.
SofieAndreasen
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.