I would say being confident while trading boosts your mindset. One must believe in oneself and their trading plans and have the courage to be unaffected by what most of the other traders are doing.
One of the most important aspects of becoming a great trader is having self-confidence. You must have faith in yourself and your trading strategy. Youâll be one step closer to shining in the forex market if you have confidence. However, itâs important to remember that thereâs a fine line between confidence and overconfidence.
Make sure that self-confidence is backed by proof. Remain humble, grow steadily and the confidence comes automatically.
Be realistic. This business demands that.
I think the real confidence comes from knowing how and why youâll be a profitable trader.
Trading requires a high level of self-confidence. There will be times when you win and times when you lose, but what will remain constant is your self-confidence, which will motivate you to trade every day with the same positive energy and attitude.
It becomes very important for the traders to make Efforts so that they can get better profits.
Ah yes. Every minute 60 seconds pass.
Not only in forex but in real life too, a person needs to be self confident. Lack of confidence can result in fear, stress or anxiety and can disrupt oneâs decision making resulting in losing the trades.
The effort you put in and the time you dedicate to practice trading boosts confidence. It doesnât happen overnight. Be patient. Allow yourself a chance to adapt to changes.
It is a very important tool for you to overcome your fear of losses during trading and it also accelerates your speed of learning the concepts of forex trading with a stable mind.
If you want to be successful in forex then one of the most important aspects, in my opinion, to be kept in mind is having self-confidence. Keep learning and practising your trading strategies on a regular basis.
Confidence takes you loser to winning in forex. but no emotion when you trade is a must
Confidence comes with practice! So, donât skip that. Show up everyday to get better. And stay consistent because thatâs what determines whether you will be successful or not.
When it comes to trading, self-confidence is everything. You will experience profits and losses, but it is your self-confidence and also the regular practice that will keep you going.
Nice notes. I also believe that confident traders are successful traders, however everything has to be in balance, because overconfidence often leads to the same aftermaths as the lack of confidence⌠Itâs tough to find this balance, but if you have a strategy and you understand that itâs up to date and perfectly suits todayâs market, then you should open positions without any hesitation.
The more such days of trading you have, the more confident you become and the closer to your objectives you are. Simple? Yeah⌠But I know that it only sounds simple, and in fact, itâs so tough and exhausting 
This is our fate.
I agree, Consistency with self confidence is must when trading in forex. As, if a trader is inconsistent then no matter how much confidence he has, he wonât be able to trade in forex.
Selfâconfidence is really important to achieve what we want, be it forex or other aspects of life. If you donât believe in yourself then your decisions will be hampered. However, thereâs a thin line between confidence and overâconfidence so be careful. You can become confident in trading by practising in your demo account. Donât go live until youâre making consistent profits and when youâre confident enough.
It takes time to be a consistent player! In Forex, there is no shortcut way of learning; you need to practice more & more to grow your confidence level!
Self-confidence is essential for survival in the forex market. It will assist you in remaining positive even during difficult trading situations.
You must have confidence in order to become a good and profitable trader⌠also, in order to gain confidence, you must first get sufficient knowledge and skills.