Yes greed is very destructive emotions for traders. New traders open big lots out of emotions. Then they open a lot of trades at a time. They do not bother about risk management. To reduce greed we need to discipline. We have to make certain rules and follow them.
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.
Yes Forex trading is addictive for individuals particularly for new traders despite the fact that it is troublesome. Many new traders can't sleep at night. They constantly watch the market all day and night.
When we join new trading, our dreams are much bigger. Having big dreams, I try to make a lot of profit with a small investment. As a trader that is never acceptable. Greed destroys the trading career. If you trade with patience and discipline then success will come one day but if you are more greedy then you will never get profit from trading.
Oct 06 2020 at 17:49
GReed is the most dangerous thing in forex trading. Most of the traders lose their money because of their greedy nature.
Oct 16 2020 at 09:31
Greed is not at all good for new traders. It is destructive and bad for business. A trader should keep their mind only on working towards achieving their goals by using their strategy. They should know when to enter and exit the market, depending upon the market conditions.
Oct 16 2020 at 12:37
Greed is one of the major reasons behind the failure of most traders.
Oct 19 2020 at 11:07
I would say first to work on discipline issues, and then start trading.
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