Dont be overconfident in Forex.

[sindarin]

We should be not really overconfident in trading if we don't want to miss or have mistakes again. Because, having overconfidence as too much can be a bad thing. We just need to be confident and patience, with overconfidence we may feel correct or right and not consider other things like analysis.

Something which is over is not good for all traders around the world. We can see many examples from many stories or even real life which we can see by our own eyes , which loss because of this overconfident.

 

[UMOFX AIR]

Yes real traders not are much happy with their some times profit in trading . As beginners feel proud having profits and think now they can win market every time. That is why it is recommended to do trading with realistic thinking . Over confidence harms in decisions.

 

[TenkoFX]

i think over confidence trading is not good for our trading and i think we need confidence but not over confidence and we can make big money in this business but we need big experience in also for our successful trading in this business and then we can make happy life.

 

[Decub]

No one owns the Forex market and no single person can control the movement in it. It is therefore best to are it as a business that you can lose from and can make profit from. Being too confident is bad and at the same time, being too resilient is bad too so the trader has to judge that which is good or bad by himself.

 

[fxapex]

i think over confidence trading is not good for our trading and i think we need confidence but not over confidence and we can make big money in this business but we need big experience in also for our successful trading in this business and then we can make happy life.

yes very well said, we should be confident but not overconfident, if you have complete knowledge and you are well informed you will become confident in trading.

 

[barood4money]

Being inconfident or overconfident is very bad at forex trading. Both can make you suffer big loss. So while learning forex trading, every trader should learn to control emotions so that we can stay stress free while trading.

 

[sindarin]

Putting ourselves in that kind of states wouldn't bring so much profit for us, to be honest that overconfident or over anything is not good for us. Learning and Earning in forex must be in a good proportion

 

[rexway]

Putting ourselves in that kind of states wouldn't bring so much profit for us, to be honest that overconfident or over anything is not good for us. Learning and Earning in forex must be in a good proportion

over confident is part of emotion you dont have to trade in forex with emotion having emotion with you can cause you to loss your trading account, its always better for a trader to trade with a balance confident not be too overconfident and less so that the trader mind will be in the stable state to trade and win so many trade without having loss due to emotional factor

 

[ali222]

I think we should not overconfidence during the trade. Overconfidence may harm our trade and we can face loss very quickly. So during trade we should control our emotions and not be overconfidence.

 

[orni308]

overconfidence in trading will definitely going to take you to make losses, overconfident trader cannot make right predictions.

 

[Decub]

Forex simply requires you don't hold it too tight, like the case of being fearful and you don't hold it too light like being too confident cos if you do, you only end up losing a lot of money at the end of the day.

 

[budado]

I do make big loses and worse mc once over confident kicks in. In fact for me over confidence is more risky than greed itself. Since when we are confident we don't feel that we going to loss even though the risk we are taking is already too big.

 

[Babar222]

In Forex you have to need confident but you don't over confident in Forex. Overconfident make you lose in Forex. So you have to try to keep your mind cool when you want to in Forex online trade market.

 

[sindarin]

I don't think that overconfidence will make us has more profit in our account. The more we got the more we loss our money. I think being realistic and only confident(not over) is the best way and i always consider to do that.

 

[budado]

This is the main problem of many. They get over confidence when they trade. They know how to trade the more we can all become a good earner. I do like to see myself having good income in here and eventually become a successful trader. That's why I focus more on learning and then earning.

 

[fxapex]

Proper knowledge and learning will make you confident, being less informed you are liable to be overconfident .

 

[budado]

I'm afraid I did it again. I'm over confident that my strategy and my analysis is good and I end up in life and death situation right now. I'm so sure once aud/usd going to hit 0.9500 price range I'm going to get MC in one of my trading account. So sad.

 

[Decub]

I don't think that overconfidence will make us has more profit in our account. The more we got the more we loss our money. I think being realistic and only confident(not over) is the best way and i always consider to do that.

Over confidence only breeds more losses as it makes you become a full of yourself without really thinking back. It is good for a trader to seek ways of becoming confident in himself but definitely not to be over confident. Confidence plays a big role as it gives us the boldness to face the market.

 

[sindarin]

That is why overconfidence is so much hurtful for traders, because they cannot see their potency to the fullest. Also overconfidence not only breed greed but also over trade habit which is so bad for our career.

 

[pithyon]

yeah. if you usually over confident. i think you will lose money in future. because you will put all money in a order .it will burn your account