'Trading Confidence' is much like the market itself. As the market prices do change more often, so does investors and traders sentiments trading outlook. The same way that prices quoted on the board & onscreen are truly a reflection of what's behind these price movement.
And appropriately defined as a reaction or simply as the reflection of a fundamental oriented market where external factors are influencing price fluctuation. This is just one of many factors that can affect changes in the market place.
(Not Hanging-on a Thread)
Often times during our session meetings both on sight and online; have been asked the question 'How do traders gain the 'Trading Confidence level' in the market. Some traders we've been fortunate enough to get acquainted with over the years; the answers really comes in so many variations. Likewise, here are just some of those information that we like to share.
Major reports normally have a scheduled release date. With most analyst and traders call 'Event Risk'. And when due dates for important data are to be release, expect prices to move in anticipation of the data and right after; either as a direct or indirect end-result from the released data. And most often are interpreted to be bearish or bullish that affects the market prices.
With that said, one of the most basic way of being able to level-up trading confidence is to have a certain process of due diligence on the instruments that the trader / investor intends to engage with. Including all aspects and probable angles deemed necessary to define if its well worth taking the investment risk for. This is where 'Trading becomes a Medium for Investments'. Tactical investors who makes time to actively participate in this process would have the necessary information at hand to firmly make an informed decision.
