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Sep 29 2020 at 11:41
98 Posts
Over confidence is one of those trait that require controlling in order not to get your account wiped out. You will have to be yourself and not getting the best of what market is showing else you are losing more than you can count.

Oct 15 2020 at 04:53
27 Posts
It is good to know that you are doing great and your confidence level is high. Be careful and good luck with the market.

Oct 17 2020 at 11:15
54 Posts
One should have confidence but overconfident person always make mistakes and in this volatile market you cannot afford to make any mistake.

Oct 18 2020 at 20:21
318 Posts
Overconfident can put you in great danger. You can loss all your money because of your overconfident nature.

Oct 19 2020 at 00:49
666 Posts
Loss is inevitable if you are trading in volatile market conditions. Part of the loss in overconfident trading. You have to trade with the possibility of the Forex market. And if one wants to make a 100% profit in this market of possibilities, it is never possible. Money management and risk management are not followed if it is overconfident. This is why many traders make losses.

Nov 10 2020 at 10:50
36 Posts
It’s good to be confident when you are trading. But when you cross the line and become over-confident, things get worse.

Nov 10 2020 at 11:23
18 Posts
Many traders empty their accounts due to this issue, overconfidence and lack of proper plan.

Nov 18 2020 at 06:22
33 Posts
Overconfidence can be a big disadvantage for traders. It is very important to stay focused and keep working hard.

Nov 19 2020 at 06:42
102 Posts
Joao91 posted:
Many traders empty their accounts due to this issue, overconfidence and lack of proper plan.

Agreed! There has to be that thin line between confidence and over confidence, which lacks in many traders.

Nov 19 2020 at 07:17
123 Posts
Overconfidence can be really detrimental, but it is also bad if you don't feel confident enough. In the latter case, you might feel more fearful and stressed than you should. We have to find a middle ground where we have an adequate amount of self-confidence (which can be a challenge, of course).

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