Please take a look around, and feel free to .
Loosing confidence mean that you cannot trade well and even has more fear that let you trade inefficiently. Overconfident is a symptom where trader cannot control their confidence and underestimate the market condition this commonly happening to newcomers.Confidence is important in forex trading , loosing confidence also loose grip on trading . A trader should remain careful not much over confident that he forget all risk management techniques thinking he will handle high risks.
Over confidence is not good in forex trading. It can bring you all sorts of problems. You can start over trading or start using big lots defying your money management rules.
You are right vic84, just keep with your planned trading strategy and focus. I never overconfidence while trade, i just focus using my trading strategy and then enter the market. every month i can withdraw $200 from liteforex broker.Confidence is good but overconfidence can be disastrous while trading, you should know what you are capable of and place trades you are confident of.
LOL who know? If you can trade well in one year you can earn more than that to be honest i earn more than 10% of my total capital that i spend in my 3rd week of trading, it is only need a good risk management and our willingness to take the risk. Overconfidence for me is trading without any strategy and thinking that luck will come by.To belive that you can earn more than 10% per year trading Forex is overconfidenсe.
Yeah, I think your are right. Too many things don't depend on you, but we can create our strategy. Right. I was jokingLOL who know? If you can trade well in one year you can earn more than that to be honest i earn more than 10% of my total capital that i spend in my 3rd week of trading, it is only need a good risk management and our willingness to take the risk. Overconfidence for me is trading without any strategy and thinking that luck will come by.
Anyway, being overconfident is a mistake. Being confiden is necessary, but when you are overconfident, it is like sunglasses, you do not see what you're doing and never notice your mistakes, because you think that you're always doing the right thing.
You can create your own strategy but the question which arise next can your strategy helps you? Or will you lose more with the strategy that you are using right now? If you are keep using with your confidence even know that will lead to more losses or in fact that will lead to that way it is a overconfidence.Yeah, I think your are right. Too many things don't depend on you, but we can create our strategy. Right. I was joking