lalach in forex trading

oh no i think its not right that profit makes us over confidence expert traders always adopt strategies to place orders only when it is right time to get profit a good traders always use proper way and techniques and get 100 percent profit so thay are not over confident

More profit will make us addicted to earn more and more. If we can't manage our emotion, over confident will make us loss more. That why beside having good as a trader, we must also have good emotion control. We're often too focus to holy grail strategy that actually never happen and forget to manage our emotion. Trader who can't control their emotion surely will loss their account in futures.

I agree with you somehow. Yes profits will make us over confident but it is not always true. Profits will always make us confident. We will be able to trust our ways of trading if we make profits through those methods. It is upon us if we take that confident level to over judgement. We should never be too excited about the profits else we might end up on losing.

my dear concentration and hard working is an essential part of forex trading . When we become so confidence that we can do good job without concentration. we see the forex as for granted which is easily to get profit.

This thinking push us away from responsibility. I think some fear is good more than over confident.
We should respond to each trade as new as we are blank . Make a strategy and be keen how to react the market.No fix rules can be apply as we used in past for future, because forex marker can change any time .

Well, it is all about perception ... when and if you get able to control your mind and make it understand things you have in store as planning it would be best for you to handle situations that you think are impossible or threatening. If you need a cushion of 200 bucks on your capital ... you will have to manipulate your mind to make it understand that in fact you are 200 bucks short ... and when you win that amount through trading confidence or over-confidence will not be displaced. But it will help your judgment power immensely ... always do that. Save something for the rainy day ... or be prepared to be caught off-guard.

There are two types of profit based on trading skills. The first is intentional profit and second is unintentional profit. intentional profit means the profit we get after make a plan based on our analysis result. while unintentional profit is pure luck based guessing result.

Traders who aware that most of profit they get only based on luck are less likely to over-confidence because they knows how far their abilities. more precisely the over-confidence usually owned by a trader who has good strategy and analysis,

but have not been able to control themselves. the tendency that often happens is few wins in a row will usually make them over-confidence and as soon as possible no longer be disciplined with their money management. if no longer use money management, I guess all we know the result.

Some time when people earn huge profit they become care less and can,t follow the rules of Forex Trading and they bear loss.

when we achieve a position, it is necessary to maintain it. So when you continuously earn profit during transactions during Forex Trading then you need more care to maintain your position.

It is true that people who get profit intentionally are very keen and careful about their trade .Because they achieve this target after a hard work and plan. They know the thee of this market and remain normal even having unexpected profit.

On the other hand those who gain profit without intention or any effort they feel proud of their abilities .if this They get more than two or three times They think they are very perfect .this is over confidence .
It stops their urge to keep learning on and try to understand the market .Finally they can have a big loss.

yes profit makes us over confident. because when a man get a huge amount in any business they be came a over confident .some time in trading when they get more profit then can make a wrong entry after this when they enter the wrong they can get lose. but they want to get regular profit. so be careful to start trading because it is risky program.

You are right here that if a trader earn money from the Forex trading then he feel that he is a perfect trader. It is wrong way to perform work in the Forex trading that a trader perform work without fully concentration. I think if a trader make regular profit then we cannot make best planning about the Forex

because we think that the Forex is a best and easy way to earn.
In this way it is the right of every trader that he must be work hard in those time when he earn regular profit from the Forex trading. It is right that if a trader feel that he is best then he cannot devoted fully attention to the Forex