Difference Between Confidence & over confidence in Forex.
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  • #1 Collapse

    Difference Between Confidence & over confidence in Forex.
    Members Forex mai trader humesha yeh he koshish karty hain k un k pas confidence hona cheye lekin bhout se member nahi janty hain confidence kis level ka hona cheye .Forex mai jab trader achi preparation karta hai apni learning ko achi tarha demo account pay use kar k experience hasil karta hai tu woh acha experience trading mai hasil karta hai or jab live account pay trading karta hai tu woh apny confidence ki waja se achi trade open karta hai or close karta hai lekin jab trader apna daily ka target achieve kar leta hai tu woh over confidence ki waja se useless trade open karta hai.jis se trader ko kafi nuqsan hota hai.Overconfidence humesha greed ko invite karta hai.Es leye har member ko koshish karni cheye k woh confidence level ko kabi b over confidence k level tak nahi janay dain
    Happy Trading.
    :cool::):p
    Humaray Behtareen Jawab Ky Mukablay Mai Hisa Lain
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  • #2 Collapse

    ya exactly im totally agree with you..Confidence is good but over confidence is very bad for forex trading and due to this mostly people do mistakes and at the end they have to face the losses..So i think we should avoid iver confidence..:)
    • #3 Collapse

      in dono chezo ma aik aisa farak hai jis ki base par ap ko pata lag jata hai ka ap ka confidence hai yah overconfidence jb ap apna experince ki base par soch samj kar tarde lagata hai to us ko ap apna confidence kah skta hai aur jab ap kahta hai ka sub kuch hi ma hu aur woh is nasha ma trade lagata hai yah overconfidence hai
      • #4 Collapse

        Dear confidence wo hota hy jis say ham forex may better tariky say work karty hain and over confidence greed may a jata hy jis say hamy ziyada loss kay chances hoty hain is liye hamy confidence say work karna chahiye and greed ko avoid kar dena chahiye.
        • #5 Collapse

          over confidence mein hum apni samjh bojh kho bethe hain aur over confidence rakhne mein kabhi koi faida ni hota.yahi difference hai confidence rakh kr kam karo tu ap apni manzil tk phunch sakte ho leakin over confidence na rakho.
          • #6 Collapse

            i think over confidence ka matlab hai zyada lalch so hum ko zayda lalch nahi karna chahye and i think you can control yuor loss by many good ways but depend on you and your trading style which way is easy and good for you to easily follow.
            • #7 Collapse

              Over confidence to banday k sath shru say hi hota hay, nikal kar bahir kam hi ata hay, aur jab nikal kar ata hay to wo big lot open karta hay ya phir mazeed ki khwahish may over trading kar baithta hay, lakin bhalay say over trading karay, sath may stop loss bhi use karay.
              • #8 Collapse

                Confidence ki forex mai bohat importance hai. Aik successful trader hamesha apni trading confidence sai karta hai. And woh apna daily set target bhi confidence kai sath haasil karta hai. Lekin woh over-confident tab hota hai jab woh apna target achieve kar lai and zyada profit ki lalach mai ghalat orders laga dai jo usko kaafi loss dai sakta hai.
                • #9 Collapse

                  jee haan main Ap ki baat Say 100 percent mutafik hon....main Samajhtaa hon K Forex Trading Main aap ko Apnay confidence,Emotions,Greed sab ko level main rakh Kar chalnaa hotaa hai..Agar aap balance barqaraar rakhnaa jantay hain tou you Can be A Forex Trader
                   
                  Mind Is like A Parachute - It Is Useful only IF Open
                  • #10 Collapse

                    well in my point of view confidence leads to more profit and overconfidence leads to loss rather than profit because in overconfidence we forget the rules and do it our own way.
                     
                    FOREX PAK FORUM FOREVER
                    • #11 Collapse

                      bhai jaan yeh aap ny bohat acha sawaal kiyya hai, mery khayyal sy confidence insaan ko success deta hai jabke over confidence leads us to disaster iss liye hamen confident hona chahie naa k over confident.
                      • #12 Collapse

                        main samjhta hoon ke forex trading ke business ke liye confidence tu acha hai but is business main over confidence hona nuqsaan de hai aur over confidence hum tab hote hain jab humien thora bht profit milne lagta hai aur hum is baat ko bhol jate hain ke forex trading ka business kitna risky hai
                        • #13 Collapse

                          yer mare dost app agher without experience forex trading business market me business start kare ghe tu is se ap ko loss ho gha ye ha over confidence mare dost but confidence wo hota ha ky app ko 100% hakin ho profit ka.
                          • #14 Collapse

                            well said brother you have given your info detailed, well my point of view i cant think of a difference because i havent read about someone who had a loss through overconfidence, if he was overcofidence, he was experience and knowledgeable too.
                             
                            FOREX PAK FORUM FOREVER
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                            • #15 Collapse

                              yar yah to hota ha ager confidence over ho to insan bhot he bari bari lots lagata ha in main kuch porfit bhe date han mager jub loss hota ha to kuch bhe ni batchta aur sub kuch he khatam ho jata ha

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