Akasuki posted: 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.
Exactly, skills and knowledge are needed to build confidence. You can never make a profit without this positive thinking. Positive Thinking is about building confidence by building skills.
I do support the idea that confidence is important in trading, however, it may come not only from expertise and huge knowledge, but also from nothing. I am talking about overconfidence which appears when a newbie watched some videos about 'rich teens who made millions on binary options'. So, such confidence comes from the wrong perception of the markets and trading itself.
Yes, confidence is important in forex trading, and also trading with calm minds also better than panic, because when trade face panic, usually they will rush in decision making and messed up a trading plan, but overconfidence is not good because maybe it will leading traders to become reckless in decision making with taking higher risk.
Unellene posted: confidence should be in your every action, if there is no such, it means that there is no understanding of what you are doing, as practice shows
There is very little c confidence can do if the trader doesn't have a proper knowledge about forex trading. I could be very confident but still know nothing about trading. Would that help? I don't think so. Confidence is only helpful only when the trader has the required knowledge and has practiced his trading strategies time and time again.
FXOday posted: Yes, confidence is important in forex trading, and also trading with calm minds also better than panic, because when trade face panic, usually they will rush in decision making and messed up a trading plan, but overconfidence is not good because maybe it will leading traders to become reckless in decision making with taking higher risk.
All is well, trading requires confidence. But I can't be overconfident again.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.