Beginners Greed

Sep 19, 2019 at 10:26
4,882 Views
107 Replies
Member Since Jun 22, 2020   4 posts
Jun 23, 2020 at 10:31
Never be greedy in forex. It can drive you to huge losses.Trading must be done patiently with a keen interest to gain knowledge. Take risks that you can afford.
Member Since Jun 08, 2020   44 posts
Jun 23, 2020 at 12:25
Before entering into trading I had one motive was to only gain more money in it, dint think about the loss which turned bad.

So being greedy in for\ex will only make things worse always plan your strategy and try to minimize your loss.
Member Since Jun 11, 2019   9 posts
Jun 24, 2020 at 11:07
Traders who aim for high profits instantly usually lose all their money
Member Since Jun 24, 2020   1 posts
Jun 24, 2020 at 14:32
What is the best minimum amount to fund a USD forex acount?
Member Since Jul 20, 2020   232 posts
Aug 20, 2020 at 19:13
Yes. Greed can put the beginners in great lose. They can lose all their money because of greed. So, as a beginner if you want to become successful in this market, you have to avoid greed from you nature.
Member Since Aug 11, 2017   886 posts
Aug 21, 2020 at 11:50
If you have small balance, should not trade high leverage, it can causes a great loss, you can get maximal result by using leverage if you have sufficient balance as well proper money managing plan.
Member Since Jul 19, 2020   751 posts
Aug 22, 2020 at 03:55
Yes discipline and a trading plan is needed to control greed. Trading emotions are common among traders. It needs a lot of systematic ways to control greed and fear of losing money or missing a trade.
Member Since Aug 14, 2020   40 posts
Aug 24, 2020 at 11:39
Enyinnaya posted:
Traders who aim for high profits instantly usually lose all their money
True, nobody can get it instantly.
Member Since Aug 07, 2020   75 posts
Aug 25, 2020 at 16:19
Due to the fact that there is a desire to earn faster, beginners very often give in to their greed and make stupid mistakes.
Member Since May 24, 2020   112 posts
Aug 29, 2020 at 10:42
The desire for quick and big earnings ultimately leads to quick losses.
Member Since Jul 23, 2020   869 posts
Sep 11, 2020 at 12:47
Malajind posted:
Due to the fact that there is a desire to earn faster, beginners very often give in to their greed and make stupid mistakes.
That’s true. Trader should control or avoid this kind of emotion. It is hard but not impossible.
Member Since Jul 19, 2020   298 posts
Sep 11, 2020 at 13:43
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.
Member Since Jul 19, 2020   751 posts
Sep 11, 2020 at 15:23
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.
Member Since Jul 19, 2020   298 posts
Sep 13, 2020 at 13:08
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.
Member Since Jul 19, 2020   788 posts
Oct 05, 2020 at 01:23
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.
Member Since Jul 20, 2020   341 posts
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.
Member Since Jul 01, 2020   27 posts
Oct 16, 2020 at 12:37
Greed is one of the major reasons behind the failure of most traders.
Member Since Jul 10, 2020   34 posts
Oct 19, 2020 at 11:07
I would say first to work on discipline issues, and then start trading.
Member Since Jul 23, 2020   759 posts
Apr 29, 2021 at 14:40
All kind of emotion including greed harmful for any kind of trader. So, batter to avoid it.
Member Since Apr 03, 2021   470 posts
Apr 30, 2021 at 03:56
Greedy is like our own enemy, this is included as bad psychology trading, how to control greed also need high intention and having a good mindset, forex trading is no easy way to get rich at a short time, every time trader being greedy, they jump in high-risk trading, although if in luck will get high profit, but luck will never come all the time
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