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Confidence is very important
Medlem sedan Jul 20, 2020
399 inlägg
Oct 18, 2021 at 07:02
Medlem sedan Jul 20, 2020
399 inlägg
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
Medlem sedan Aug 05, 2021
401 inlägg
Oct 18, 2021 at 12:47
Medlem sedan Aug 05, 2021
401 inlägg
If you focus on self-improvement profits usually follow.
Oct 20, 2021 at 06:37
Medlem sedan Jun 16, 2020
57 inlägg
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.
Oct 20, 2021 at 12:07
Medlem sedan Aug 21, 2021
61 inlägg
Tradextol posted: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.
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.
Oct 20, 2021 at 16:37
Medlem sedan Nov 30, 2019
20 inlägg
It's kinda difficult to imagine trading activity without confidence. If you're not confident, then it probably can lead to uneplasant consequences such as blowing deposit and something like that. I guess that confidence can be also developed during trading activity. If you understand that you're lack of confidence, then just try to overcome it. It's not easy, but you should dedicate some time to it. Less-confident people always make some serious mistake because they start raging and stop control their emotions. When you're confident you can rationally evaluate the situation and make a right choice.
Oct 21, 2021 at 05:56
Medlem sedan Jul 03, 2021
18 inlägg
Yes definitely its important, its required to invest your earnings in the market.
Medlem sedan Jun 19, 2020
38 inlägg
Nov 10, 2021 at 04:29
Medlem sedan Jun 19, 2020
38 inlägg
Trading can break you if you don’t have the confidence to withstand the stress and pressure in the market. I think the biggest advantage of being a trader is that you are the one who needs to decide when to enter the market and when to exit. If you are not sure about the trade, just don’t open the position and if you think things are not working in your favor you can exit. Knowing that the power is in your hands can keep traders confident.
Medlem sedan Jul 20, 2020
399 inlägg
Nov 23, 2021 at 08:12
Medlem sedan Jul 20, 2020
399 inlägg
whitneytyler posted:I think this is true to an extent i think its more experience that everything will be okay even if you have a loss. It is all part of the game. It is sometimes easier said than done as saying you can deal with losses and seeing red after red are two different beasts altogether. I think experience and confidence in your system are the secret sauce
You have to withstand pressure in the markets. It’s very simple: if you lack confidence, it is unlikely you'll be able to accomplish your target of being a successful trader.
Medlem sedan Jul 19, 2020
751 inlägg
Dec 09, 2021 at 07:01
Medlem sedan Jul 19, 2020
751 inlägg
@skihav yes confidence is one of the main thing in trading. If you can't believe you can do it, you won't be able to do it. No matter what you try.
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