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Simple Ways To Develop Confidence In Trading We all have confidence tucked away in us somewhere; we may use it for our day job, weekend sports or odd jobs around the house. So how can we develop confidence in trading? I hear traders say to me all the time “ I’ll get confidence when I start making some profits” and every time I hear this I kindly let the trader know, you need confidence before you start making profits. Can we start off by asking ourselves “are we naturally a confident person”? If not that’s OK, we can then ask ourselves what are we confident at doing in our day to day life, and how did we get to the stage of being confident in that aspect of our lives. The oxford dictionary states confidence as “the feeling or belief that one can have faith in or rely on someone or something”
So we can break that down into trader language quite simply, “ do you trust your trading plan/system” So let’s take a look at some key steps in gaining some confidence in your trading.