Control your greed.
Aug 03, 2020 at 15:10
Yes, there is a lot of money to be made from Forex which has the potential to change your lifestyle. But this is not to say that you will change your lifestyle overnight. If greed destroys people, then if you become more greedy, your destruction is inevitable. If you want to change your lifestyle, you have to give up greed. Remember it is a business, it has to be run as a business. As far as I know, Forex is a very profitable business. If greed can be controlled, our lifestyle will change.
Member Since Jun 21, 2020
59 posts
Aug 03, 2020 at 18:13
Greed is one of the killers of Traders, overcome it and you will be very succeful. I'm glad to be in the Leagues of trader that don't give eed a room.
NO EMOTION DURING TRADING.
Member Since Jul 23, 2020
869 posts
Aug 04, 2020 at 01:05
If you want to be a successful trader, greed is probably the biggest obstacle you have to overcome. If you try to get rich in every trade, you are more likely to blow up your account. Self-control and right mindset can help to overcome this negative emotion.
Member Since Jun 24, 2020
34 posts
Aug 04, 2020 at 07:08
LyudmilLukanov posted:
If you want to be a successful trader, greed is probably the biggest obstacle you have to overcome. If you try to get rich in every trade, you are more likely to blow up your account. Self-control and right mindset can help to overcome this negative emotion.
True. In the end it all comes down to self-control which is a very hard thing to find in the human nature. But if we really want to excel in trading we need to know how to keep ourselves calm and stay away from greed.
Member Since Jun 21, 2020
59 posts
Aug 04, 2020 at 08:03
EllisParker posted:There is nothing hard about self-control if you truly decide to follow it.LyudmilLukanov posted:
If you want to be a successful trader, greed is probably the biggest obstacle you have to overcome. If you try to get rich in every trade, you are more likely to blow up your account. Self-control and right mindset can help to overcome this negative emotion.
True. In the end it all comes down to self-control which is a very hard thing to find in the human nature. But if we really want to excel in trading we need to know how to keep ourselves calm and stay away from greed.
NO EMOTION DURING TRADING.
Aug 04, 2020 at 11:20
Yes, greed is one of the bad qualities for trading. We should be realistic about our target. Most people think of unrealistic profit target. Now the question is what's the realistic target? It depends on your skills. Set your targets according to your skills.
Member Since Jun 21, 2020
59 posts
Aug 04, 2020 at 11:25
I don't have target for each day, I trade to make profits each day and takes home whatever profits I could make each day from the market condition.
NO EMOTION DURING TRADING.
Aug 04, 2020 at 11:53
Greed is very dangerous for trading. It causes huge loss. People expect to make money over night. That too without enough knowledge and skills. Expectation should be proportionate to the skills. Otherwise it will lead to destruction.
Aug 05, 2020 at 02:10
Michihito posted:
Greed is very dangerous for trading. It causes huge loss. People expect to make money over night. That too without enough knowledge and skills. Expectation should be proportionate to the skills. Otherwise it will lead to destruction.
Agreed
It's truly a long term gain that requires considerable hindsight and general risk management from both a mathematic and psychological viewpoint
Ensuring that trade plans are stuck to and that irrational behaviours are quickly eradicated is essential
Trading journals which are as qualitative as well as partly quantitative are particularly useful in identifying patterns/results
When you lose, don't lose the Lesson
Member Since Feb 24, 2020
4 posts
Aug 05, 2020 at 07:42
when a person starts to trade in forex he needs to be ready for self-control.
Member Since Feb 24, 2020
4 posts
Aug 05, 2020 at 07:46
when a person starts to trade in forex he needs to be ready for self-control.
Member Since Jun 26, 2020
327 posts
Aug 05, 2020 at 08:00
i for all time try to continue meditation ,
its really supportive to control all bad habits those hinder our successful life.
its really supportive to control all bad habits those hinder our successful life.
Member Since Jun 21, 2020
59 posts
Aug 05, 2020 at 12:03
Andronn posted:
You need to set specific and clear goals for yourself and then there will be a result
I must add if you must set Goals to meet, set it on Monthly bases, Unless you are a good scalper, As a Scalper, I don't set Goals but take whatever profits I can each day.
NO EMOTION DURING TRADING.
Aug 08, 2020 at 17:15
Of course, greed is more common among beginners, but also experienced traders. Many new traders come to the market with thoughts of making quick money and therefore are often greedy and lose their investments. Consequently, I advise all beginners to work hard on themselves and their psychological state, and then it will be much easier for you to trade.
Member Since Mar 02, 2020
5 posts
Aug 11, 2020 at 10:36
My opinion is that all the basics of trading are based on the greed of people, greed allows most people to lose soy money and only a few manage to earn, because accounts collapse not because a person entered a small lot, but in 99 percent because the amount of a lot was more than the allowable ...
Member Since Jul 20, 2020
341 posts
Aug 13, 2020 at 18:32
Greed is the most dangerous enemy in forex trading. Most of the traders lost their money because of their greedy behavior. So, try to avoid this nature if you want to become successful in this platform.
