Greed is the killer for trading and also it is the worst emotion and if you have no control over your emotions then it will be difficult for you to make profit consistently in forex.
May 06 2020 at 07:00
Dictiony posted:
Greed is the killer for trading and also it is the worst emotion and if you have no control over your emotions then it will be difficult for you to make profit consistently in forex.
Indeed greed can be our worst enemy/spoiler.
May 14 2020 at 14:44
FirstHero posted:totally agree. people are trying to suppress emotions, and as a result, emotions are build up and then one day just... BOOM. Do not suppress them - learn how to control them, learn how to use them in your favor, make them your strength. Don't let emotions to ruin your life.
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.
accept losses is a good way to learn
nick3232 posted:Well not all do that. Rather majority quits trading if they incur a lot of losses.
accept losses is a good way to learn
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
nick3232 posted:
accept losses is a good way to learn
Exactly. That is the only way one can succeed in forex. Those who run from it don't go too far. Losses and profits must be seen as a part of trading the same way as sadness and happiness is a part of life.
Jun 19 2020 at 03:47
There is a secret, and it's quite simple, really. If you are greedy - you won't be able to succeed on Forex. Forex hates greedy people and punish them hard. So God bless.
what spreads can make you profitable it depends on your trading system , so you have to choose first of all trading approach then a broker.
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.
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.
So being greedy in for\ex will only make things worse always plan your strategy and try to minimize your loss.
Greed is the main enemy of a trader. If not controlled, It can drive you into losses. There is no such concept of making high profits instantly in fx trading.
Traders who aim for high profits instantly usually lose all their money
What is the best minimum amount to fund a USD forex acount?
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.
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.
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.
Enyinnaya posted:True, nobody can get it instantly.
Traders who aim for high profits instantly usually lose all their money
Due to the fact that there is a desire to earn faster, beginners very often give in to their greed and make stupid mistakes.
