greed is the foremost enemy when making losses , beginners always try to bring good profit very rapidly with no learning , its a real part of greediness.
Not just beginners, even a person trading for years have greed. I have seen it. If you are not discipline about your trading, it is difficult to control your emotions.
May 01 2021 at 19:35
i am totally beginner and i have much greed , please the traders help me by your valuable suggestion , thank you
May 02 2021 at 08:13
most welcome in this community , you are very young , i hope you will enjoy the environment with great level of learning. happy trading and good luck. just feel free to ask any question you need to know
Emotion plays the important role in trading. Not just newbie most traders do not have emotional stability when it comes to trading. Fear and greed overpowers them. That's why it's very important to learn how to control emotions..
Jun 07 2021 at 05:53
Masakajja06 posted:
i am totally beginner and i have much greed , please the traders help me by your valuable suggestion , thank you
You have to control your greed. You have to take all the decisions wisely.
There is some misconception among new traders. They think within 3 to 6 months they can be enough skilled to make to money by trading. They are not willing to give time in learning. They are in hurry. As a result they lose years after years. And what they learn? Nothing!
The less time we set ourselves in order to reach a good income, the faster we get frustrated and make mistakes.
Sep 07 2021 at 18:20
Imamul posted:
greed is the foremost enemy when making losses , beginners always try to bring good profit very rapidly with no learning , its a real part of greediness.
Greed is the most dangerous thing in this market.
Yes greedy is an enemy that comes from own selves, this is dangerous in trading forex because the risk in forex is so high, if make a comparison between risk and potential return, is about risk higher one percent because cost spread broker, so choosing a broker that offers low spread us more preferable and also choosing pair that low spread is giving more advantage
Sep 08 2021 at 01:06
Greed is very bad for every trader and beginner because forex trading is a greedy and risky business, so if you want to be successful or earn profit in forex trading market, you must control emotions and greed so that you can earn more profits quickly.
Sep 08 2021 at 01:59
It’s difficult to not feel greedy, although I always lean more towards anxiety, which kind of keeps me grounded because I don’t want to risk as much. Either way I think it’s necessary for traders to learn how to be as emotionless as possible.
greed is not only among beginners, and this is bad, this trait will not help you to improve your profits in any way
Greediness is inherent to beginners mainly because they don't know in details how does the mechanism of trading work, so that's why they always waste lots of money and decide that they can't be successful in this activity. I believe that it's the very first mistake of traders. You should always trust yourself and believe in yourself. Emotions is also the same problem as greediness, because novices neglect emotions control just because they don't believe that it matters in trading. So, in my opinion, traders, who want to start trading activity, should always be acuinted with fundamental trading tips.
Greed is what backfires on you and makes things worse in forex trading.
yes, greed not only in Forex will interfere, but also in life in general
Sep 13 2021 at 08:07
Greed is the biggest enemy of a trader and it is very important to control this visceral emotion. Greed often incites a trader to over trade. I believe that the traders who are able to stick to their trading plan are less prone to suffer greediness.
It is important for a beginner not to be afraid, but to gain experience. For a beginner, experience and knowledge is the most important thing that can be.
Greedy is like an enemy that appears from own minds, usually, traders want to make big profits in a short time by increasing lot size, or open multiple orders without pay attention to the risk involved, usually, the result of greed only will leading trader fall in regret, because often greedy making big loss in trading and if faced stop out account hence will losing opportunity to make new trades
Sep 14 2021 at 06:53
FXOday posted:
Greedy is like an enemy that appears from own minds, usually, traders want to make big profits in a short time by increasing lot size, or open multiple orders without pay attention to the risk involved, usually, the result of greed only will leading trader fall in regret, because often greedy making big loss in trading and if faced stop out account hence will losing opportunity to make new trades
So true. Like so many people have been up 10/20% and they want it all and they want it all yesterday instead of being happy. Thats why a small account is harder to trade because the gains are small like 50/100/200 when the trader wants 1/2/10k profit
