Being overconfident

[John Vaughan]

Being overconfident is very bad. Initially I was overconfident but now I am not over confident. But there was time when I used to get over confident at my earlier life trading. Whenever I won 2 or 3 consecutive trades, I became overconfident. As a result I used to open more low probability trade and incured loss. But at present I am not like that. Now I only open trade if it meets my checklists criterion. If I do not get any set up, I do not open any trade.

[Noah Jackson]

The higher your confidence is, the lower your fear of trading is, which a big issue among traders is presently. Being confidence in trading is very essential to traders because it deducts trading fear and bolsters traders to take a trade. Authentic broker helps a trader to trade nicely in the market. As a regulated and scam free broker I know FXDirects who has gotten its regulation from FMRRC. They provide high security of funding to traders.

 

[Lilly Hardson]

Being overconfident is not good issue of the Forex traders. Overconfidence will give you fear of losing huge money so you can not take proper decision and ca not trade profitably. You should trade confidently but should not be overconfident. By working with ForexOne the helpful Forex broker I have always successful on working properly confidently. I have never become overconfident in my trading because I get proper training from their expert assistance.

[maspluto]

broker selection must be able to be considered well, pay attention to the regulations used by brokers to be able to manage funds and risks that exist to be able to generate profits in accordance with expectations and can become a trader of the month Tickmill.

[mlawson71]

My advice is to always stick to properly regulated companies, because otherwise the possibility to get scammed is quite high.

[sendong]

confidence will depend, even if u are over confident but you strategy and information are spot on then its fine. being over confident with lack of knowledge thats whats dangerous 

[mlawson71]

I completely agree. It's one thing to be confident in your abilities, it's another to be confident without having the knowledge and experience to back it up.