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Beginners Greed

Roberto21
Sep 19 2019 at 10:26
364 posts
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.

Henry (FirstHero)
Sep 19 2019 at 11:36
16 posts
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.

Do not be greedy and invest in your business as much as you can.
AniLorak
Sep 25 2019 at 14:37
920 posts
Roberto21 posted:
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.


Not only trading practice but also mediation; even I see meditation helps me a lot than the trading practice especially in this case!

Adribaasmet
Sep 29 2019 at 12:27
989 posts
AniLorak posted:
Roberto21 posted:
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.


Not only trading practice but also mediation; even I see meditation helps me a lot than the trading practice especially in this case!


What’s the process of your meditation? Can you please explain?

Roberto21
Oct 22 2019 at 08:18
364 posts
most of the traders become addicted for bringing profit very rapidly , its a main problem , they should addicted to learn Forex that can make more profit from trading.

peter_fx
Oct 24 2019 at 09:48
21 posts
Roberto21 posted:
most of the traders become addicted for bringing profit very rapidly , its a main problem , they should addicted to learn Forex that can make more profit from trading.


True, that is where most beginners are lacking today. They just want quick returns without any hard work.

AniLorak
Oct 26 2019 at 11:26
920 posts
This is why; new traders should start with a long term plan! Having a short term plan makes newbie crazy for sure!

steveday1976
Nov 08 2019 at 16:06
56 posts
yes i agree, too many advertise Forex on Social media claiming it will make them rich overnight.

steveday1976
Nov 10 2019 at 09:39
56 posts
Roberto21 posted:
most of the traders become addicted for bringing profit very rapidly , its a main problem , they should addicted to learn Forex that can make more profit from trading.
100% correct

Professional4X
Nov 11 2019 at 00:26
1189 posts
FirstHero posted:
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.


Trading on emotions causes things such as revenge trading and over trading in general and blown accounts.

Focus on Risk Management as the #1 priority above all else when it comes to investing.

If a person has a problem suppressing their emotions, then they should AUTOMATE those systems that are impacted by the emotions of the trader.

Emotions have NO PLACE in trading.



If it looks too good to be true, it's probably a scam! Let the buyer beware.
Smith88
Nov 13 2019 at 09:38
25 posts
steveday1976 posted:
yes i agree, too many advertise Forex on Social media claiming it will make them rich overnight.

Beginners get charmed by these advertisements. I don’t even understand why people would run after such.

Wiame (Baazex)
Nov 14 2019 at 13:32
45 posts
Market research is needful to make wise trading decisions and constant practice and learning will lead you to achieve the desired goals in trading business sometimes greed effect the trader as result of loss as well.

Revenue is vanity, profit is sanity, but cash is king
ForexViking69 (ForexViking69)
Nov 14 2019 at 13:48
35 posts
It’s hard to get out of the gambling mentality when starting out. Just takes time :) I used to blow accounts all the time 5 years ago :p

traderroni
Nov 15 2019 at 09:37
37 posts
Professional4X posted:
FirstHero posted:
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.


Trading on emotions causes things such as revenge trading and over trading in general and blown accounts.

Focus on Risk Management as the #1 priority above all else when it comes to investing.

If a person has a problem suppressing their emotions, then they should AUTOMATE those systems that are impacted by the emotions of the trader.

Emotions have NO PLACE in trading.




That’s true. But letting go off your emotions is a slow process.


peter_fx
Nov 15 2019 at 11:09
21 posts
Smith88 posted:
steveday1976 posted:
yes i agree, too many advertise Forex on Social media claiming it will make them rich overnight.

Beginners get charmed by these advertisements. I don’t even understand why people would run after such.

That’s for the basic reason that they want quick money and the offers that these scammers throw definitely make you see huge earning potentials in there. Beginners just get trapped because they think that they will really be able to make money with them.

Professional4X
Nov 15 2019 at 23:44
1189 posts
traderroni posted:
Professional4X posted:
FirstHero posted:
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.


Trading on emotions causes things such as revenge trading and over trading in general and blown accounts.

Focus on Risk Management as the #1 priority above all else when it comes to investing.

If a person has a problem suppressing their emotions, then they should AUTOMATE those systems that are impacted by the emotions of the trader.

Emotions have NO PLACE in trading.




That’s true. But letting go off your emotions is a slow process.




Effective automation where reasonable and realistic.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Imamul
Nov 28 2019 at 09:55
650 posts
due to greed beginners try to bring profit very rapidly without learning , as a result when trading practically they become loser and ultimately blame this stock market.

AniLorak
Nov 29 2019 at 08:06
920 posts
Imamul posted:
due to greed beginners try to bring profit very rapidly without learning , as a result when trading practically they become loser and ultimately blame this stock market.


Even I noticed; many new traders expecting more than 100% profit in a single day!

saturdayresearch
Nov 29 2019 at 09:36
9 posts
Greed often leads to losses. Hedge fund manager will by happy with 10% per year but newbie trader wants 10% per day!!! No wonder they lose

Adribaasmet
Nov 29 2019 at 13:24
989 posts
saturdayresearch posted:
Greed often leads to losses. Hedge fund manager will by happy with 10% per year but newbie trader wants 10% per day!!! No wonder they lose


Good point; unrealistic trading targets leading the account damage issue! Many traders are targeting unrealistic profit in their trading.

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