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Confidence is very important

Sar John (Sarjohn)
Apr 29 2021 at 08:40
187 ieraksti
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.
Mohammadi
May 01 2021 at 08:03
886 ieraksti
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.
Akasuki
May 01 2021 at 12:11
562 ieraksti
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.
SteveHanks
May 21 2021 at 17:55
536 ieraksti
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.
Ariest
May 23 2021 at 07:23
29 ieraksti
Those who work and trade confidently achieve the best results possible, despite the mistakes they make.
WaltonCharles
May 23 2021 at 20:09
144 ieraksti
Ariest posted:
Those who work and trade confidently achieve the best results possible, despite the mistakes they make.
They always make their mistakes into the learning things.
Suradi (FXOday)
May 23 2021 at 23:20
358 ieraksti
SteveHanks posted:
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.
Demo account like as first stage to exercise, but still good for training skills, it will depend on each trader how to treat the demo, if seriously I think it worth, and help, much in real trading which this is like an as real battle, which already involved all things, psychology, strategy, risk and money management.
RobertFerrari
Sep 07 2021 at 18:10
410 ieraksti
Mohammadi posted:
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 good but overconfidence can be dangerous for any trader.
Unellene
Sep 08 2021 at 12:52
283 ieraksti
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
Marcel Durham (MarcellusLux)
Sep 09 2021 at 10:31
186 ieraksti
I see no reason to start trading without confidence in a system. If you don’t believe, then don’t do it, come back when you’re confident and practice until every planned trade and every action is saturated with confidence.
AliaDare
Sep 09 2021 at 14:54
788 ieraksti
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.
DarKenshill
Sep 09 2021 at 18:55
9 ieraksti
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.
Suradi (FXOday)
Sep 09 2021 at 23:01
358 ieraksti
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.
smith_fx
Sep 10 2021 at 07:31
33 ieraksti
The confident and disciplined mindset plays an extremely important role in traders' success.
marindateal
Sep 10 2021 at 10:03
53 ieraksti
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.
forex_trader_[2590991]
Sep 10 2021 at 10:54
6 ieraksti
For Trading psychology and Disciplined behavior, you must make trades automated. this resolves the problem.
skihav
Sep 10 2021 at 18:11
801 ieraksti
I can only say that this is a really important aspect that should be paid attention to.
LukeRachel
Sep 11 2021 at 01:06
477 ieraksti
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.
Unellene
Sep 11 2021 at 15:49
283 ieraksti
well, it is clear that without knowledge and confidence there will be no
necolesilvers
Sep 13 2021 at 06:31
28 ieraksti
@MarcelDurham I agree with you. Quite often an ill-prepared person is the least confident. It is good to practice and work on improving your skills so that confidence may never leave your side.
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