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As you said it is a balance between having enough confidence and being overconfident. I've been at the both ends and they both lead to losses. I found that having a peer trader to talk to is very helpful when I need some confidence boost during drawdowns, or to bring me down to earth after a...
Similar story here.... I started off by searching and testing numerous counter trend strategies without success. Switched to trend trading and everything became so much easier...:)
I think every serious trader is studying the market continuously. The process never stops. More important is to practice what you've learnt on theory and not sit on the sidelines.
I think you can start with youtube. There is plenty of free stuff there. I would recommend Forex4Noobs channel. Very simple explanations and it works. After few months you will probably need a mentor and most likely you will have to pay for one - I was lucky to find a mentor for free but I found...
I am in similar position. I've been trading for 4 years and only started seeing consistency in the last 6 months. The three things that keep me in the game are: 1. Being part of a group; 2. Having a mentor; 3. Love trading. The last one is most important. I just love doing analysis.
I don't think that "we" lose a lot because of the manipulation from the big banks. I think all new traders sabotage themselves by applying everyday thinking to trading. Trading requires probability mindset and it takes time and effort to build it.
When it comes to trading the news, I agree...
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