yes, I agree with your opinion. although we are forbidden to be too afraid, but we also should not be to over convident, because it will make us to be not careful and will grow the greed in us....
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true, nothing is impossible if we are willing to learn and try. professional traders as well as we started. If we continue diligently to learn so we too will someday be a professional trader too.. Keep Spirit on trading..
It's not wrong to have confidency in forex, instead you must have confidency in trading, but it's important to control yourself
so you won't be overconfident. It's very dangerous if you're overconfident in forex because you can underestimate condition
in the market and it's possible to face Margin Call or big losses in one transaction. Usually, you will be more careless when
you are overconfident.
I agree you are right. traders canbe newbie or senior but if traders have no confident they can not gain there trades. as a result trade become loss because they do not take decision on the right time. so this is vary important.
confident can grow together with the mature of our analysis skills. So the first thing we must have is practicing the analysis and not the guessing skills. Time after time we will notice whether we're improve or not. and once we're believe that our skills is already improve then the confident will arise by itself.
Forex trading need confidence to make every trade so better for the beginner's to get the more trading knowledge and get the study about trading indicator's to gain the confidence to make the trading good to grow the trading profit.
I dont think we need more confidence. Its the knowledge that is important. A trader should be able to predict the direction of the market and the reversal points. Its more likely to be achieved through experience. But there is always a chance for a sudden movement in a direction. Its always dangerous and also always remember to use only a small percent of your deposit for trading. otherwise there is a greater chance that you blow your account and get margin call.
I agree with you, without knowledge and experience we can not become confident ion forex trading. Everyone who comes in forex should start learning the forex trading so that he can get the maximum knowledge and can trade with confidence.
Confidency is important thing in forex because you won't be successful traders without any confidency. To build your confidency,
you must do a lot of practices so you can trust your own analysis and you must be able to gain consistent profits to prove that
your order is effective enough.
You can not get the confidence by nothing, you have to test and try and lose some times your money and your time, for me the best thing that give me the confidence is my simple strategy that I have make.