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Confidence is very important

UweMoench
Dec 29 2020 at 15:02
posts 643
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
Dec 29 2020 at 17:23
posts 644
True. You can build confident from demo trading. So, practice and test your strategy in demo account.

Seb King (sebking1986)
Dec 29 2020 at 17:26
posts 149
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
Dec 29 2020 at 19:07
posts 128
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
Jan 19 at 09:04
posts 21
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
Feb 04 at 08:53
posts 119
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
Feb 08 at 11:22
posts 48
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.

AliaDare
Feb 14 at 13:10
posts 682
It is never possible to consistently gain profit without trading confidence. So every trader should trade with a positive mindset.

Michihito
Feb 16 at 07:48
posts 298
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
Feb 16 at 11:40
posts 103
Confident is very important but overconfident is very bad.

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