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Confidence is very important

Dec 29, 2020 at 15:02
Vues 2,218
52 Replies
Membre depuis Jul 19, 2020   posts 751
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.
Membre depuis Jul 23, 2020   posts 869
Dec 29, 2020 at 17:23
True. You can build confident from demo trading. So, practice and test your strategy in demo account.
Membre depuis Apr 09, 2019   posts 538
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.
Membre depuis May 13, 2020   posts 128
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
Membre depuis Oct 27, 2020   posts 21
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.
Membre depuis Apr 25, 2020   posts 119
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.
Membre depuis Jan 21, 2021   posts 48
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.
Membre depuis Jul 19, 2020   posts 788
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.
Membre depuis Jul 19, 2020   posts 298
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.
Membre depuis Dec 11, 2020   posts 110
Feb 16, 2021 at 11:40
Confident is very important but overconfident is very bad.
Membre depuis Jul 20, 2020   posts 298
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.
Membre depuis Jul 20, 2020   posts 298
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.
Membre depuis Jan 05, 2021   posts 11
Apr 03, 2021 at 03:44
Yes, confidence is the key to achieving your goals and making some money in forex.
Membre depuis Jul 23, 2020   posts 759
Apr 23, 2021 at 14:47
It is true that confidence is necessary for trading. But over confident can also bring ruin.
Membre depuis Jul 19, 2020   posts 788
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.
Membre depuis Dec 28, 2020   posts 187
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.
Membre depuis Aug 11, 2017   posts 886
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.
Membre depuis Mar 28, 2021   posts 617
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.
Membre depuis Mar 17, 2021   posts 536
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.
Membre depuis Mar 26, 2021   posts 29
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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