The only way to trade with confidence is to acquire the necessary knowledge and experience. Therefore, it is preferable to acquire knowledge and experience in a market setting in order to build self-confidence in one’s abilities.
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Traders can lose confidence because of continuous losing streaks, not getting enough profits, not being able to manage time, or keeping high expectations. The best way is to keep realistic expectations based on present performance. Maintain a trading journal and focus on developing trading psychology.
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