Confidence is very important

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.

True. You can build confident from demo trading. So, practice and test your strategy in demo account.

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.

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

I agree with you. Overconfidence can ruin a lot of trades. It is important to work on acquiring knowledge in order to stay confident.

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.

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.

It is never possible to consistently gain profit without trading confidence. So every trader should trade with a positive mindset.

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.

Confident is very important but overconfident is very bad.

It is very important to think positively to gain profit. In this case, you have to be confident but not overconfident.

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.

Yes, confidence is the key to achieving your goals and making some money in forex.

It is true that confidence is necessary for trading. But over confident can also bring ruin.

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.

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.

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.

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.

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.