lalach in forex trading

profit is always a good step in business.But It also makes a man greedy.If we have strong command on our concentrations then we can achieve every thing in our life.Over confident is always dangerous for all of us.

Forex provide us a life making opportunity through we can achieve our goals.we have to give proper time to make huge profit so that we may be in a position to attain sound profit.

Profit is one good way to help boost our confident in our trades. When we make loss we tend to be discouraged and a little bit shaken in our trading strategy we are afraid to trust our strategy fully.

But when we make profit we are happy and have full trust in our strategy we become more bold to trade and motivated to increase our learning this is the reason why we must try as much as possible to minimize loss.

To the certain extent i agree you, as you can imagine, overconfidence (i.e., overestimating or exaggerating one's ability to successfully perform a particular task) is not a trait that applies only to fund managers. Consider the number of times that you've participated in a competition or contest with the attitude that you have what it takes to win - regardless of the number of competitors or the fact that there can only be one winner.

Thats all folks

g my dear humay forex me zida tar luck per atmad nai karnay chw qk as me app ko loss bhe ho saktay hay to app ko trading k leya zida say zida ilm hasil karnay chw ........

Well profit can make us over comfidence,that is why we must trade and accept loos sometime in forex trading,
If we are making constant profit there is a possibility that we can run into constant loos and wipe away our trading account ,thou all our trading should be going into the market with the intension of making profit instead of loos but we shouldnt relent because we are making profit in forex and stop learning new things.

yes i think profit make trader not only over confident but sometime they feel so much proud and cause of happiness they can't control their emotions, i think it's not good for a trader to become over confident cause of his profit because some time over confidence make him over smart and it is the big reason of his failure after success, so be realistic not optimistic.

This had happened with me in the past. Profit made me over confident and for that I started using big lot size and eventually ended up losing all. My account capital as well as profit. That was my start in forex trading, I was very happy after making some profit and thought I will continue like that and over confidence really done a great loss for me. But its fine, this all goes with the trading and its a part of forex market. One learns through the mistakes that he does in his learning stages and that teaches him experience as well.

I agree with you but it is not necessary that every trader overconfident when he earn regular profit. It mean that if a trader have best management then he must be control it over all. It is clear that if a trader have best management then he control over emotions.

Overconfident mean that control over emotions and greed but it is possible only through the best management.
I think that when a trader make regular profit then he feel that he is a perfect trader. Mostly peoples are stop the learning and consultation to the other successful traders. In this way there is a chance of becoming loss in trading.

profit can make us over confident and that is true. i agree with this. the reason can be that everybody in this market (those who are still new or struggling with trading) say that this business is difficult and so when someone makes profit consecutively he might take trading lightly due to over confidence. it is important that we keep our emotional aspect intact when we make money or lose money.

this is why emotional aspect in trading also essential to us as traders. even the best of trading strategies will do nothing against this aspect of trading. some of the suggestions given in this thread is also good such as leaving the trading platform immediately upon making big profit or stop trading after we get our target. these steps are simple and effective too...

Some other trader do forex not for a profit but for show their capability. This kind of trader often show up their profit and pips collection. When they got profit, they show it to another trader and without their notice, this condition will make them become over confident. This is not really good for them. Even they didn't need money because they already so rich trader, but if they do forex only for show up, they will loss bigger and bigger money in the futures.

This is the most question asks amongst the forex traders, that can profit makes traders over confident?. As i personally think trading with emotions and in hapizit way should cost the traders a heavy loss in forex market. Never try to become over confident specially when you are earning profit, bacause it will cost you too much big if your prediction and current reading against the market trends. Keep an eye on political un-stability of and on the natural calamity in the country from where you are trading, and in the economic affairs it will help you in the cause. Because market fluctuate accordingly.