Self-confidence is the key to success in trading
I once read that the bird does not trust the branch on which it is standing, but it trusts its wings. If we apply this saying to many things in life, we will find that it is actually true, as we do not try to trust ourselves, but rather follow others blindly without any thought or belief in what we are doing.
They just call it the law of group following, where you find others doing an action and you feel that you want to do the same action without any arrangement or conscious study.
These are general principles in life, but if we apply them to our trading field, we find that the matter is true. Many times, we only want an analyst and we follow his recommendations. We do not think about anything and do not think that each of us has goals and each of us has a special vision, but worse than that, I find some People in the comments on social media do not trust the analyst's decision at all, but follow him as if he is the market maker.
It is a bit strange, if we really need to be more familiar with technical analysis and how to trade, to have our own decision, which is built based on self-confidence, which I talked about above.
I am talking about that, as I often find myself in significant bearish currencies and on the way to rise, and at least 25% gain can be achieved from them, but I hesitate when I do not find anyone talking about them or buying them.
First and foremost, it comes down to self-confidence. If you were in the place of the bird, would you trust your wing or the branch....
And you, what do you think ?
Thank You
