Dont be overconfident in Forex.

[LeaseBear]

Overconfidence in forex will leave nothing with you except loss, profits can only be made if one will leave his greed behind and will carefully examine the market while placing trades.

 

[Mark Dahl]

Confidence is good. But not overconfidence. Traders need to temp their emotion.

 

[FundUp]

Overconfidence comes after getting consistent profits but never forget that the market keeps changing, so it is better to prepare yourself even if you bear losses.

 

[David Marco]

Being overconfident can put you in great danger in this risky market.

 

[Gito Dinev]

Build confidence in demo account and do not trade without a plan even if you are winning.

 

[Kazumu Fukunaga]

Greed will put you into overconfidence, do forex trading like a numb and limit your losses with proper calculation of stop loss.

Greed is when your expectation and skills do not match. Suppose I am not enough skilled but I want to make unrealistic profit like 5% per day. That's greed. When you know how much skilled you are and act accordingly, then you get rid of greed.

 

[Alexander Hudson]

Confidence is good, but overconfidence can be dangerous in this market.

 

[stefaniawendt]

I agree that becoming overconfident is one of the major reasons why people lose in the forex market. They must be realistic and logical while making their moves.

 

[Kevin Vogt]

The real secret of trading is knowledge and skills. Success in trading is impossible if you do not have knowledge and skills. There is no holy grail. It takes time to be skilled enough. But most people want to make money quickly without being skilled.