Confidence is much more important that one can think about it. There should be a real balance. If you would be very confident then probably you can come to overtrading or dump your deposit. If you would be less confident you can also lose all your money. That's why I guess that everything should be in balance. Confidence lets us to feel free when we decide to open a deal or not, when we understand that there are some opportunities to earn money or there areno such ones. Nevertheless, if you have no confidence in trading you can always improve this trait at least in this activity, in life it will be much harder.
Sep 14 2021 at 10:57
necolesilvers posted:
@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.
...at the same time, beginners should be wary of false assumptions, after the very first initial successes. It is important to take into account the stability factor and readiness for each possible scenario of the market movement. Brain and skill training builds confidence through knowledge.
@Marcellus8610
Confidence is always important but it shouldn't be exaggerated. There should be no fear before opening a deal because you should fully rely on your trading strategy.
Sep 25 2021 at 17:22
For a trader, this is a really important aspect, because it directly affects the results of work. This is worth judging in order to make a profit.
Sep 27 2021 at 09:51
There is always a need for confidence, but it should not be excessive. Before opening a deal, you should fully rely on your trading strategy.
Sep 27 2021 at 14:32
Confidence is so important in your trading, confidence is believing in yourself, being comfortable in your true self, and knowing you have value. Having confidence makes people trust you, and you will also succeed easily. It is confidence that attracts success. When you have good self-confidence you make good decisions in trading, and as a result you are successful in the forex market. So make sure that you develop a high level of self-confidence by learning forex.
Sep 27 2021 at 19:52
For work, this is really the most important aspect. It should be understood that it is really important to pay attention to this if a trader wants to get a positive result of his work.
Confidence is important if you have a good trading strategy. However, if you are new to trading and don't have a reliable trading strategy, you should be skeptical about all your thoughts and never risk too much. So, confidence is important but overconfidence is detrimental.
Confidence is important, of course, however it's a real art to have an ability not to be too confident. There is a border in this case and I believe that if you're too confident, then, probably it can turned out bad for you, as well as if you're less confident, it might also turnde out bad for you. Trading is such an activity which don't like confidence, thus you should be pretty careful with it. You should be confident in your satrategy, knowledge and skills, but never be sure that you win a particular poisition, always rely on your personal skills and strategy, otherwise you will never see win positions actually.
Oct 14 2021 at 23:22
Yes, of course, confidence is important, if forex market like a girl, you as the guy should be confident to make approach the girl, but the confidence should in fair level, don't overconfidence because it will drop your reputation, women will like to you as natural guys, if likely one girl rejects you, still there are so many another girl waiting for you, market forex remains there, one day get fail still many chances on the future, just need to make efforts and try again.
Oct 15 2021 at 01:39
It is important to have confidence in yourself while trading and Forex since your trading strategy is based on college and business skills and you are able to make good decisions in a very short period of time which earns good profit for you.
Oct 15 2021 at 09:51
This aspect really plays a very important role for a trader. It should be understood that you need to pay attention to this if the trader does not want to lose his money.
Oct 16 2021 at 18:24
Williamfreed posted:
It is important to have confidence in yourself while trading and Forex since your trading strategy is based on college and business skills and you are able to make good decisions in a very short period of time which earns good profit for you.
Confidence is good but overconfidence is dangerous for the traders.
Oct 17 2021 at 10:02
confidence should always be in your work, because little will come of a decision and without confidence
UweMoench posted:
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.
Unfortuantely this can not be taught, the ones who learn from the mistake and perservere are the ones who will succeed.
Oct 18 2021 at 07:02
REB_FX posted:UweMoench posted:
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.
Unfortuantely this can not be taught, the ones who learn from the mistake and perservere are the ones who will succeed.
Really true, i think the most important word is 'perseverance' it is about not giving up and sometimes your confidence will be low and other times high but as long as you say to yourself im not quitting youll get through it
Oct 18 2021 at 08:34
Of course, without confidence there will be no success. This is one of the basic necessary emotions. The main thing is that it does not develop into pride. It can hurt.
Oct 18 2021 at 12:47
If you focus on self-improvement profits usually follow.
Confidence plays a very important role in trading because your trading decisions are influenced by emotions. If you’re not confident, you are likely to mess up your trades.
Tradextol posted:
Confidence plays a very important role in trading because your trading decisions are influenced by emotions. If you’re not confident, you are likely to mess up your trades.
Exactly, confidence plays a very important role in the forex market. I do think that once a trader is skilled enough and has sufficient knowledge then confidence ultimately arrives.
