Confidence

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Thread: Confidence

  1. #21
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    Confidence
    Quote Originally Posted by Lea View Post
    I couldn't agree more, Over confidence is totally and leads to pride. It becomes difficult to admit your mistakes.
    And yet the forex trading is a very professional market which does not spare any trader's mistakes.

  2. #22
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    Quote Originally Posted by blueberry View Post
    And yet the forex trading is a very professional market which does not spare any trader's mistakes.
    Exactly, it doesn't spare you at all. You mess up, you face the consequences.

  3. #23
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    A number of novice traders start their live trading too earlier before completing their task in demo! Thatís the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!

  4. #24
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    Quote Originally Posted by Golden Sark View Post
    A number of novice traders start their live trading too earlier before completing their task in demo! Thatís the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!
    I couldn't agree more, traders become greedy and selfish this days which only lead to they loosing more funds. Most especially being too hasty and taking rash decisions.

  5. #25
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    Quote Originally Posted by Nich View Post
    I couldn't agree more, traders become greedy and selfish this days which only lead to they loosing more funds. Most especially being too hasty and taking rash decisions.
    If you try to get rich on every trade, youíll more than likely end up blowing your account, slow and steady wins the race. Itís the great paradox that all traders face. if you want to get rich quickly, you have to do it slowly.

  6. #26
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    For me confidence comes from having a large body of data from extensive back and forward testing. This simply gives me the confidence that if I am wrong, it won't matter long term. Too many take confidence as a reason to take more risk and that is the mistake. Confidence is knowing you have an edge. There is no edge in taking too much risk.

  7. #27
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    Quote Originally Posted by FishnPips View Post
    For me confidence comes from having a large body of data from extensive back and forward testing. This simply gives me the confidence that if I am wrong, it won't matter long term. Too many take confidence as a reason to take more risk and that is the mistake. Confidence is knowing you have an edge. There is no edge in taking too much risk.
    Exactly, one of the best responses here so far. Being confident doesn't mean being stupid.

  8. #28
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    When I started I felt lack of confidence because of emotional pressure. But after I developed trading plan with help of Hotforex webinars.

  9. #29
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    Quote Originally Posted by Lea View Post
    Exactly, one of the best responses here so far. Being confident doesn't mean being stupid.
    This is true, I think one major problem is greed, we need to stick to our goals for each day no matter what.

  10. #30
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    in ro ham eslah kon:
    Quote Originally Posted by Nich View Post
    This is true, I think one major problem is greed, we need to stick to our goals for each day no matter what.
    Yeah, in fact I always recommend this article for everyone, especially newbies.

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