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Confidence is very important
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.
Mitglied seit Jul 23, 2020
816 Posts
Dec 29, 2020 at 17:23
True. You can build confident from demo trading. So, practice and test your strategy in demo account.
Mitglied seit Apr 09, 2019
516 Posts
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.
Mitglied seit Oct 27, 2020
16 Posts
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.
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.
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.
Mitglied seit Jul 20, 2020
286 Posts
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.
Mitglied seit Jul 20, 2020
286 Posts
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.
Mitglied seit Jan 05, 2021
10 Posts
Apr 03, 2021 at 03:44
Yes, confidence is the key to achieving your goals and making some money in forex.
Mitglied seit Jul 23, 2020
696 Posts
Apr 23, 2021 at 14:47
It is true that confidence is necessary for trading. But over confident can also bring ruin.
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.
Mitglied seit Mar 17, 2021
494 Posts
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.
