lalach in forex trading

We all are well known to the fact that in order to become successful in forex trading we need to control our emotions.But whenever we start to gain profits then we forget all the emotions and the matters that we learn.And we start to become over confident and not only over confident we also start to be greedy for more profits

and that later begins to give us losses.And sure as said earlier as well if we become over confident and it opens many positions and then later that surely is going to result to big losses too.And that is surly going to affect us by a lot and we are going to regret that later.

yes, confident is good but over confident is not right. every decision should wisely take and very important to keep have a perspective that everything is still possible happened, especially in forex. although how good our analysis method or our trading system,

still not protect us get loss and so, over confident with our analysis method or trading system is not necessary. we only need to act properly and accept loss as part of risk. so, we need to be able to cut bad position before everything going worst.

I truly agree with you this had happened with some of my friends but they are not forex traders. After getting some continuously success person starts thinking that he knows every thing about it. Forex trading business is very vast and sudden changes are there to happen so the profit planning should be there. Confidence is good but over confidence can finish you.

We are doing any work with a view to getting some things like profit. We are also doing Forex trading to get a good margin of profit. there is no confusion about the matter that profit makes confidence. Profit is output of our work. So, when we get profit, our confidence level normally increased. At the end, we say that profit is the pre-condition of making confidence.

Forex trading business is need to proper experience if you have a proper experience then you show the over confident but you work with full concentration. If you show the over confidence and not work with concentration then you bear loss. If you have experience and show the confidence then you get the proper profit from it and change your life easily....

Yes when we continuously earn profit then we become overconfident that is the result of our failure next time. A trader should avoid becoming overconfident and try to plan his trading transactions. He should not trade frequently after getting continuous profits in trading business as this step may lead him towards loss. A trader shouldn't become overconfident and try to use his mind rather than his emotions and feelings to make further transactions.

forex trading my lalach tou bilkul be mat karo lalach karny sy aek mint my ap ka sara balance zero ho sakta hy kyo k khas tor par forex my market aek mint my up and down hote hy to bhter hy k lalach na karo

I agree with that the more profit we get, the more confident we will become. This is because we now start to believe that since our profit is increasing this shows that we are accurate in our signals and we then ask ourselves if we are making more profit why don't we increase the possibility of making more profit.

This could be very risky although because we might become greedy as a result of over confidence.

Yes profit makes us more confident if you earn the reasonable income from Forex trading business. If the trader has much experience then his earning is much strong and his confident is over.g Confident shows the trader vocabulary and more help to earn the reasonable income from Forex trading business. If the trader is newbies and he does not proper experience of trading then he bear the and his confident also day by day decreases..

lalach aik buri bala hai...aue forex mai tu lalach bilkul nhn karni chahiya .....app jab bhi profit ho lai lain ...kahn aisa n aho bauhut sai chakar mai thora bhi chala jai

Yes, we ae always be over confident due to profit but it is happens through our selfish mind & over ambitious attitude also. So that's why we need to control our aim & goal which are direct affects our over confident factor. If you set right goal to achieve with right aim then you can not be ovr confident is true thing to do.

Sometimes traders got huge profit and they thinks that is possible to achieve everyday which bring over confident. So it is in your hand that how to manage your ambitious.

Yes profit makes the over confidence because if you get the reasonable income then his confidence over because he enjoy the some profit. Therefore he show the over confidence. Other hand if the trader is newbie and he does not know about the Forex trading business then he bear the loss. So after the loosing the money trader never show the over confidence..

Its true but not for the expert ones. Only newbie traders become over confident and that was the case with me from start and till now also sometimes I do feel over confident and lose my profits after making them by trading on big lots because of the over confidence factor.

The only remedy to this problem what I had in my mind is following a predetermined trading plan. If you do so, the results of your past trading will not effect your future trading.