Difference Between Confidence & over confidence in Forex.

Confidence is one thing and overconfidence is entirely different. In Forex, many traders fall in this trap at times when they feel very overconfident about their guesses and analysis about a certain deal...based on their experience. But what happens is that a sudden change in market trend shatters their confidence and proves their decision(s) wrong. So Forex Traders are advised to be confident only, and not overconfident.

I agree with you, hum ko Forex trading mein confidence se trading karni chahiye lekin hum ko over confidence feel nahi karna chaiye, Q k agar hum over confidence feel karein gey to hum ko sirf loss hoga.

G han ap ki bat say main bilkul agree kerta hoon uss kay sath sath aik bat yah bhi hay kay demo main practice kay bad trader main confidence aata hay laikn bugair demo ki practice kay trader overconfidence ka shikar ho jata hay jiss wja say loss bhi hota hay or yah bugair knowldege kay trading ki wja say hota hay.

confidance main hum apnay experance pay yakeen kar k hi tarding karaty hain or profit earn kartay hain jab k oer confidance main hum apnay experance say zayada tarding karaty hain or loss main jatay hain

G han confidence or over confidence mien bohat difference hy brother.. confidence achi chez hy trader ke liye because confidence se trader ach adecision leta hy marlet mein jab ke over confident hone se nuqsaan hota hy because over confidence hone se trader falto trades open ker deta hy market mein jin se trader ka account wipe out ho jata hy

i thin confidenceake achee cheez hai but forexmina over confidebnce see app ko bachna chyeeandapp jab over confiodnce hotee hain tou zayda riak latee hain jo appk li adangerioys hota hain

g han bhai jan ap ne bilkul thk kaha me ap ki bat se gare ehun confidence hamary liye bht ach cheez h jo k hamen trade k dooran hamen trade confidence se he karni chaiye or over confidence nhe hobna chaiye.

forex trading ke liye ap ke pass acha trading system ha is ke lye ap ko kafe acha systma ha jis se ap kafe acha trading system ha ye kafe best ha

Confidence is what make you to trade at ease because with great knowledge come great confidence but over confidence on the other hand has to do with trade with recklessness and that usually lead to loss of money at all time. i think that we should all work hard to improve our knowledge

kuch log to apni pehli trade main he overconfident ho jatay hain aur aisi trade kartay hain k un ko loss ho jata hai humain trading kertay hoy overconfident nahin hona chahiye.

g trading mein confidnce to lazmihe but overconfidence ni hona chaiye over confidence loss ka sabab ban jata he.trading krny k liye ap mein confidence build up hona zzruri he.but apko over confident ni hona chaiye.

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

bhai jan is kam main ap confidence hi rahen ge to ap ki isi main bachat hai bhai jan agar ap n forex trading main over confidece hon ge to ap ko profit ki jagha par loos mil sakta hai.

a lot more than confidence mein hum apni samjh bojh kho bethe hain aur a lot more than 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 greater than confidence na rakho.

yes i am agree with you in forex trade confidence is necessary and over confidence not.because if we trade in the forex with confidence than it is good for us to get profit and if we do trade with overconfidence we loss .some people trade over confidencely and get loss.

dear bahut acha question kia hy ap ne ak confidence jis trader main hota hy wo bahut jald hi apne ap ko ak successful trader manva laita hy jab ke ak over confidence ye sab nahi kar pata r wo fail ho jata hy