Traders Have No Confidence

Posts: 52 · #1 - September 12, 2022, 01:51:55 AM

Being yourself is very important, not even following the directions of other traders who are not necessarily successful.

Most of us always follow other traders who seem to be making a lot of profit. although not necessarily the strategy he uses can be suitable for us to use.

Finding the right strategy for yourself is part of the journey from a trader from zero to hero. instead of trying one by one from every trader who shows their profits.

When we see other traders upload screenshots of their trading profits, we usually quickly find out what strategy he is using. in our brains think if I can use the strategy of the trader, maybe I can get the same profit with him.

Even though we don't know what the trading history is like. whether a lot of loss or a lot of profit. all we know is a screenshot of the profit which could be just a coincidence that the trader got lucky so that he got such a tempting profit.

Therefore, don't be fooled by screenshots of traders' income scattered on social media. find a strategy that suits you and in a way that you devise yourself.

Linkback: https://www.forex.zone/forex-education/29/traders-have-no-confidence/3884/

Posts: 972 · #2 - October 24, 2022, 09:29:14 PM

If we often lose then of course we will not be confident to enter the market, therefore we need to have a good trading system.

Posts: 294 · #3 - October 26, 2022, 03:19:04 AM

if the trader does not have confidence, what will surely be obtained is only a loss in the end

#4 - **Today** at 08:36:29 PM

Posts: 32 · #4 - October 26, 2022, 04:14:22 AM

Unconfident Traders find it difficult to make progress

Posts: 127 · #5 - October 26, 2022, 05:32:43 AM

Find within yourself what makes you not confident because if you are not confident, of course you will not be able to profit

Posts: 175 · #6 - November 15, 2022, 08:15:31 AM

In my opinion, if we don't have confidence, we will be destroyed

Posts: 160 · #7 - November 17, 2022, 04:30:28 AM

If we don't have confidence, we will fail, obviously

Posts: 127 · #8 - December 06, 2022, 01:39:28 PM

if a trader doesn't have confidence in himself then it's over, there is no hope for him to survive, let alone to be successful in trading

Posts: 2167 · #9 - March 02, 2023, 09:43:46 AM

While some traders may lack confidence in Forex trading, it is not necessarily a reflection of the market itself. Confidence can be built through education, practice, and experience. Additionally, it's crucial to have realistic expectations and a sound trading plan. Risk management and discipline are also critical in maintaining confidence and avoiding emotional decision-making. Overall, building confidence in Forex trading takes time and effort, but it's possible with the right mindset and approach.