How to grow confidence?

[LeoFx]

With the increasing analyzing ability, your confidence level will grow. Technical analysis comes in handy when it is done correctly. Fundamental analysis is little tough for traders because it covers a wide area.

 

[Lazarsblck]

With more knowledge and education, your confidence will grow. The more you know the better

 

[borzy]

With the increasing analyzing ability, your confidence level will grow. Technical analysis comes in handy when it is done correctly. Fundamental analysis is little tough for traders because it covers a wide area.

Technical analysis is often perceived as simpler than fundamental analysis due to its focus on historical price data and chart patterns, which can be more straightforward to interpret for some traders. Technical analysis relies on mathematical indicators and visual patterns, making it easier to apply consistent methodologies across different markets and timeframes.

 

[ArnavDeshmukh]

I think a good way to grow confidence is try to set small goals and tackle new challenges to build up your skills and self-belief.

 

[Lee.me]

With the increasing analyzing ability, your confidence level will grow. Technical analysis comes in handy when it is done correctly. Fundamental analysis is little tough for traders because it covers a wide area.

If you get the results afterward, and your view in the market is certified by those, of course, your confidence will grow, it works the other way around too.

 

[PhoenixJ]

Confidence is an emotion, and being able to control your emotions can help you a lot with your decision-making and building the necessary confidence to trade.

 

[Polakandil]

More practice can increase self-confidence, besides building a good mindset about forex trading can also increase self-confidence. Maybe at the beginning when you practice cycling, you are afraid of falling, but with a lot of practice and trying, that fear will gradually disappear and when you succeed in becoming an expert cyclist, you may actually want more challenges to try. It's like that with forex trading.

 

[Fin_Trader]

Confidence in Forex can only be achieved when you have a profitable trading strategy. It is she who gives signals for trades and shows where and when to take profit, what lot to enter into trades and where to set stop losses. And if you trade with a reliable broker (I consider fxopen to be such), you will always be sure that your profit will be withdrawn on time and the spreads will be minimal for profitable and high-quality trading.

 

[VasilTodorov]

brother i am having every issue i have for too much confidence in trading lol. you should look for how to set your confidence to a level that is good but too much confidence is bad.

 

[Polakandil]

brother i am having every issue i have for too much confidence in trading lol. you should look for how to set your confidence to a level that is good but too much confidence is bad.

Yes, I think so too, overconfidence is bad because this can encourage traders to carry out high-risk trading plans, traders must remember that many factors drive the dynamic of the forex market, here the trader cannot control the market, but he can control the risk.

 

[VasilTodorov]

Yes, I think so too, overconfidence is bad because this can encourage traders to carry out high-risk trading plans, traders must remember that many factors drive the dynamic of the forex market, here the trader cannot control the market, but he can control the risk.

i like it "trader cannot control the market but can do the risk" but i sometimes get my SL with big gap for slippage. I mean sometimes we cant contol risk too

 

[Fin_Trader]

i like it "trader cannot control the market but can do the risk" but i sometimes get my SL with big gap for slippage. I mean sometimes we cant contol risk too

Gaps mainly occur on Monday at the opening of the day or when major news is published. But who is stopping you from closing all your transactions on Friday so that this possible gap does not give you a loss and monitoring the economic calendar, which indicates the time of release of such news and not entering the market at this time and waiting until it calms down for the next trades?