Mature Analysis Will have an Effect On Your Confidence
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Thread: Mature Analysis Will have an Effect On Your Confidence

  1. #1
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    Mature Analysis Will have an Effect On Your Confidence

    In trading certainly we have experienced doubts in doing analysis and doubt on our trading plan, whereas our open position is correct but we doubt and finally close to the situation loss. Open position is correct according to the analysis, when floating minus a little already in close.
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    Until the question arises in us "Why am I not feeling confident with my own analysis and trading plan?" Why do I follow the opinions of others more often than to follow my own trading plan. "

    It is actually very reasonable to happen to beginner traders. We are not alone. The lack of confidence I also experienced. Often I feel that my analysis is less mature, other people's analysis looks cooler. But in reality, that is not true. The analysis we make can be much more profitable.
    Let's try to discuss in this forum about how to grow our confidence in the trade so that the benefits we can take together

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    Trader cutiekc's Avatar
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    Well, first we do build the confidence when we are learning, so therefore when we have not learned and improved on the demo account, the confidence will not be build the good way it should be built. furthermore, how do we get to know that our analysis is matured? Well, we get to know that if the same analysis has been profitable on the demo account.

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    Trader kagho's Avatar
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    Quote Originally Posted by cutiekc View Post
    Well, first we do build the confidence when we are learning, so therefore when we have not learned and improved on the demo account, the confidence will not be build the good way it should be built. furthermore, how do we get to know that our analysis is matured? Well, we get to know that if the same analysis has been profitable on the demo account.
    well i dont think that confidence can be build using the demo account alone as there is not that emotions in trading like in live trading so we also have to test our system in live for us to feel how it performs under pressure so that we can have confidence in it

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    This is a matter of trading psychology, in the demo account there is no psychological pressure. You have to study in a real account. Maybe you can succeed in demo account, but not in real account. This is a serious problem, the confidence in the demo account is different, in your real account you will have a problem of falling confidence, because it gets loss, then you want to return loss quickly

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    Quote Originally Posted by ngalapreceh View Post
    This is a matter of trading psychology, in the demo account there is no psychological pressure. You have to study in a real account. Maybe you can succeed in demo account, but not in real account. This is a serious problem, the confidence in the demo account is different, in your real account you will have a problem of falling confidence, because it gets loss, then you want to return loss quickly
    The learning process is a wise one and requires good learning procedure. See, when you are quite a newbie, there is no way you would be able to get on how to trade using the real account because the emotions you have will be channelled to making you earn money instead of learning. But when you follow the demo account as a newbie, you would do the needed learning.

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    Quote Originally Posted by Queen-of-the-coastFX View Post
    The learning process is a wise one and requires good learning procedure. See, when you are quite a newbie, there is no way you would be able to get on how to trade using the real account because the emotions you have will be channelled to making you earn money instead of learning. But when you follow the demo account as a newbie, you would do the needed learning.
    When traders give in to learning, they have given in to a good understanding of the market, and i am very sure that in a very short while, it will help the trader to build a successful trading career. But learning alone will not do everything for traders, they need more like psychological control, and right applications.

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  7. #7
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    we always learning, i have no confusion about it we can can not earn much money from forex market without enough trading skills and knowledge .firstly many new trader think that forex is a easy way to make money .if we want to be success ed in the forex market we need discipline,follow good trading strategy and maintain proper money management rules .

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    Quote Originally Posted by Queen-of-the-coastFX View Post
    The learning process is a wise one and requires good learning procedure. See, when you are quite a newbie, there is no way you would be able to get on how to trade using the real account because the emotions you have will be channelled to making you earn money instead of learning. But when you follow the demo account as a newbie, you would do the needed learning.
    In what traders are doing, they will reflect what they are really doing and what they are capable of doing in the market by the virtue of what you see as their trading decision and results. This is why traders have to take the demo trading to learn and build more trading strategies even when they are old traders, they need more promising ways to trade.

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    It's only when our analysis turns out to be profitable that we can build the right confidence to depend on our system. Every trader must do their very best to analyze this market perfectly and make sure they can develop themselves in the very best means to which they can succeed. We can plan well and make success so it's necessary we learn to develop the right analysis that can help our trade.

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    Quote Originally Posted by Ifycoguy View Post
    It's only when our analysis turns out to be profitable that we can build the right confidence to depend on our system. Every trader must do their very best to analyze this market perfectly and make sure they can develop themselves in the very best means to which they can succeed. We can plan well and make success so it's necessary we learn to develop the right analysis that can help our trade.
    One could have good skills at making analysis but they might now have what it takes to make sure that they take the trade. That way matured analysis has to be in accordance with the market movement and also the strategy, some like making their analysis with the news while others with what is on the chart.

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