How we avoid over confident in the trading ?
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Thread: How we avoid over confident in the trading ?

  1. #1
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    Arrow How we avoid over confident in the trading ?

    I think when we make the profit in the forex trading and the trend of the market in our favour then we will over confident and start the over trading and that why we often lost in the trading so i suggest all the trader that avoid to over confident and form over trading in the forex and try to trade with cool and positive mind.

  2. #2
    We must have to trade according to our plans and rules because it avoid us from over confidence and we can do trade without any problem but most of the traders are greedy and dont have proper knowledge and that is why these traders becomes over confident and facing many problems in their career.

  3. #3
    To avoid over-confidence when trading forex, we may not always be able to monitor the charts, especially when we just make a profit, because if we are too often monitor chart, then we will assume that the movement is very easy and we become too confident.

  4. #4
    Trader dkarev's Avatar
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    it very important trader dont get over confident when trading no matter the kinda skills and knowledge we might have about the market over confident online lead to more loss than one might have planned,over confident normally happen when one is making constant profit when trading and it not good.

  5. #5
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    It is a matter of the way that you caution yourself as a forex trader. The trading strategy that you are using should be well understood and defined, this is how you will make the best out of it all .the time. And if you trust the trading strategy, you will only trade when the startegy say you should trdae, this will help you so much

  6. #6
    Are you fear of ghosts? when you know a place that there is a ghost, You must be careful or going run. Thus also about forex trading. When you know the risk of a trade or when you know the strengths and weaknesses of your trading system, I believe you do not become over-confident.

  7. #7
    Overconfident in Forex trading business is very harmful because it sometimes lead to heavy losses while trading.Over confident is a part of human emotions and every forex trader should stay away from emotions.Over confidence will make a trader to trade under huge pressure of making huge profits on a short period of time.

  8. #8
    It is very important for trader to do not get over confident while trading because it harms in our trading ....Trading matter only skills and knowledge we might have about the market over confident online lead to more loss than one might have planned...........over confident normally happen when one is making constant profit in trading and it is not good for your trading..

  9. #9
    I think over confidence is very harmful in forex trading.It is very important for every trader to do not get over confidence while trading.We must have to trade according to our plans and rules because it help us avoid over confidence.You must be careful while trading and try to avoid your over confidence in the trading.

  10. #10
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    I agree with you being over confident and greedy would only do you more harm than good ,because with such mindset you'll be disorientated.

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