What is overconfidence in Forex? - Page 2
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Thread: What is overconfidence in Forex?

  1. #11
    Forex has the advantage, and in Addition to their FX risk, so for it, as a trader Ought to Be able to run the trading well, to Constantly do learn to maximize the Capacity to Make Sure advantages in FX as it Is and May be obtained

  2. #12
    The thing about overconfidence is the fact that it's as poisonous and dangerous as lack of confidence. A trader has to be self-aware about what they can and can't do, because overconfidence can influence their decision in just as a negative fashion as lacking confidence would. They're the two sides of the same coin, so to speak.

  3. #13
    The trader must have the ability to conduct good trading, forex will be no risk and profits therein. To believe in forex it's the advantages and disadvantages, so try to always strive to learn and struggled in practice like in the demo account or demo contest in instaforex broker so confident of the advantages to be gained from forex

  4. #14
    Of course, overconfident has ruined many ventures within the course of history. Anyway, with respect to Forex trading --it needs to be viewed as a goal venture, not influenced by personal feelings or opinions.

  5. #15
    Quote Originally Posted by ;
    Of course, overconfident has ruined many ventures over the course of history. Anyway, with regards to Forex trading it ought to be viewed as an objective venture, not affected by personal feelings or opinions.
    I agree, but unfortunately that's easier said than done. Human beings are emotional, irrational creatures for the most part. It's in our nature to be this way, and studying how to be unbiased once you're trading is extremely difficult.

  6. #16
    Quote Originally Posted by ;
    I've observed so many trader decrease their money in Forex trading as a result of overconfident and baldness. I believe we restrain but emotion and do transaction quite skillfully must sake inventory on right and with appropriate market analysis. Please discuss your perspectives here.
    What happens by me is that you believe that you are doing the ideal thing, but really you aren't. But somehow the market can proceed or go against you and bam - you make partially or complete loss.

  7. #17
    Quote Originally Posted by ;
    quote What overconfident signifies by me is you think that you're doing the proper thing, but really you're not. But somehow the market can proceed or move from you and bam - you create partly or complete reduction.
    I agree. I would also add that it is wilfull refusal of how the situation on the market actually is.

  8. #18
    Overconfidence implies, you think you are doing right analysis or trade but at the end, it wasn't and you confront reduction. Being trading and confidence is a good means of work but trading just like you are master and you can do some analysis is not a good way of work.

  9. #19
    Quote Originally Posted by ;
    Overconfidence means, you believe that you're doing appropriate analysis or commerce but at the conclusion, it wasn't and you confront reduction. So being confidence and trading is a good way of work but trading like you are master and you can perform some analysis isn't a good way of work.
    Execute trades it takes to conduct the process, and we always operate in learning how to practice on the run with knowing how the forex properly. Forex was a very high-risk business, so it would be worth attempting to always run in Learning How to maximize the knowledge and ability

  10. #20
    Well, there is nothing like certainty in Forex, so if you trade here and expect a 100% trading outcome, it's called over optimism! Trading with no stop loss trading place is another symptom of over optimism! Incidentally, I get around 65-70% success ratio in my trading platform that is personal, and that I believe in reality! And I really don't open multiple transactions positions a in a time, because I am not certain about the final outcome!

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