lalach in forex trading

Having a trading system that works just fine is not sufficient to be confident. So also, making a lot of money in a short time is not sufficient to be confident.

Maintaining the principles of professionalism and maximizing trading potentials can be a starting point to become confident.

Understanding that after a trading assessment is done and a trader is found to always be on the positive side is contributory to the acquisition of trading confidence.

With confidence, a forex trader can go heights in the forex business because the mastery of the forex trade has been acquired. It is confidence that makes a trader certain that no matter the prevailing market conditions, profits lies at the tail end of trading.

obviously it is possible when you make some sudden profit and you feel , i am the best , next you over trade and open many positions , but next when you find continuous loses and your all expected profit turns into loses , actually forex market moves in different waves and w should recognize them again and again , it is hard working and thought provoking job , don't ever think , you will be lucky in all times trade , otherwise market can teach you the lesson and price action can punish your profit any time

Forex trading is most risky business therefore over confident loss the money because trader not give the proper concentration in business. In normally we use that sentence excessive is every think bad. So trader should only give the concentration in his transaction. If the trader has proper experience and knowledge related to trading then he enjoy the huge profit then he shows the over confident if he has something...

When a trader make regular profit from the Forex trading then he can feel that he is a best trader. In this time the trader cannot gave fully concentration to the work. I think that it is a dangerous for a best trader. I like the traders who have best planning and work hard every time even they have best strategies about the Forex.

I think that if all the traders perform work with responsibilities then they must be earn from the Forex trading. It is the right of every trader that he cannot get the Forex easy business. It is a technical and complicated business so there is a need of fully attention every time.

Profits are a testimony of a working system in the forex market. A trader who has such a trading system knows that profits will be paying him regular visits and that is what every traders dreams of.

When profits become consistent and long lasting, it instills self confidence in the forex trader. This should no way throw such a forex trader into becoming overconfident. Overconfidence can make a forex trader make mistakes that will be difficult to correct. Overconfidence can kill a trading plan.

It is for this reason that a trader must understand that no matter the level of confidence acquired, a forex trader must stick to the tenets of professional investing. It is this way that the long lasting huge profits will continue to remain friendly to a forex trader.

in some extent you are right that profit make us over confident, but remember! over confidence is not good at all, because there are expert traders are also in the market and at one time profit we doesn't become forex king so we really need more knowledge , experience and skills to get the place where expert trader are standing, so be confident but never be show over confident because it is risky.

g gold ki price market uper nihay hoti rehti hy is main yah hota hy kay jb eur ki condition behter ho rahi ho tu gold ki prie kam ho rahi hoti hy or jb gold ki price up ho rai ho tu eur ki value kam ho rah hoti hy in dono kay combition ko dakh kar hi hum trade kar skty hain or profit kama skty hain .

Yes, it comes sometimes when we get maximum profits, we become overconfident and open many positions. The result of opening many position becomes loss. Forex trading is a risky business.

Greed is not good for any business or profession. Can someone lose it because of the greed of a better job or getting a better salary. Company in a good position, but he can make a big loss of greed man.

We should be careful while trading because any wrong entry might cause loss. We should try to get regular profits rather than getting huge profits within short time.
Expert traders adopt strategies to place orders only when it is right time to get profits. This strategy not only saves time butt also improves their profits and earnings.

There is no doubt that profit can make us over confident. Confidence is good thing in forex but over confidence can bring huge loss for us. We must make trading plan and must set our profit target after achieve that target we must stop trading, or we can open positions with small lot size to see either you are right or wrong in your analysis. One thing we should have in mind that after achieving our profit target we must not do scalping to make more money quickly, this thing can seriously effect your earned profit.