Profit makes us over confident. What u say..??

Profit makes us happy. we should learn more and earn more. Forex is big market place all over the world. So we should learn more.

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Originally Posted by sweetuali

i think when a trader wins his most trades then he start thinking that he can capture the whole market this feeling of overconfidence lead us to place orders again and again
what should a trader do in this situation?did he continue to make trades:happy:

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No doubt that a new trader that is making profit can become over confident. When i was newbie i blow many accounts due to just over confidence. We must make a profit target and must stop trading after achieve that target. It will help us to avoid from over trading and we will work according to plan.

yes, i agree profit makes over confident when we earn lot of profit i think we will be a successful trader and we not concentrate and no take interest in trading. we make our dissension without learning that's why mostly trader fail in trading. In Forex over confident have no place. so it is very important to control our emotion. Thank you !

Yes!! Profit makes a man Over confident. But I think nothing couldn't be more Access.. because Over confident always harmful. But in Forex market off course profit gives us confidence. But we should control ourselves and continue our task to improve ourselves and Forex.

Quote:

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Originally Posted by sweetuali

i think when a trader wins his most trades then he start thinking that he can capture the whole market this feeling of overconfidence lead us to place orders again and again
what should a trader do in this situation?did he continue to make trades:happy:

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You are earning profit over and over again should not be an accepted excuse to be over-confidence because you should know that earning profit over and over happens on good days but when it is bad days it becomes loss and so don't be over-confidence

yes it's true.when we get profit then we should overconfident,i think it's so harmful for trading. when any one get profit then he/she trade here with emotion for that they loss here.

bilkul g aysa hi hota hy k jab humari kuch trades profit main close hona shru ho jati hain to hum overconfidance ho jaty hain or ya to hun jiada options open kr daty hain ya investment brha daty hain jis sy humain loss ho jata hy

ya bat to ha jb hm profit haisl krta han to apna ap per fakher krta han aur ya bat ha b aisa aur hone b chahya iska elwa hma chahya kha zyada dair is cheez per na betha rhan balka agli trade ki tyari krni chahya aur apna sp ko successful bnana chahya taka kuch kr skan..

Yes of course i think that Forex makes us over confident so it is hues earning by Forex business so i think our decision is successful by Forex market so it is most beneficial job.

My dear, in the Forex trade traders earn a good profit but it is not necessary that the trader over confident after getting good profit. So it is the duty of a trader that he did not over confident because it is bad habit.