Control your greed.
Member Since Jun 28, 2018
10 posts
Aug 14, 2020 at 09:51
A bit of greed is necessary though otherwise there would be no incentive to succeed
Member Since Jul 20, 2020
341 posts
Aug 19, 2020 at 13:14
Yes, you have to control your greed if you want to make a career in the forex market. Because greed can put you in great danger. You may lose all your investment.
forex_trader_968511
Member Since Jan 09, 2020
1 posts
Aug 19, 2020 at 15:25
after a losing streak, my mentor told me the same thing and it had changed my trading results ever since
Member Since Jul 20, 2020
232 posts
Sep 07, 2020 at 18:44
Every trader wants to make money from this market. But making money is not so easy. The most important thing you have to do is to control your greed to make money from this risky market.
forex_trader_1622318
Member Since Jun 13, 2020
1 posts
Oct 08, 2020 at 04:50
Trade is Great
Member Since Jul 23, 2020
869 posts
Oct 17, 2020 at 17:24
mathenray posted:Trader don’t feel any emotion in demo account. So, I think cent or micro account with small capital is best to learn about greed and control it.
Greed is normal to all humans, you have to learn how to stop this feeling in yourself to earn profit.
Member Since Jul 17, 2020
42 posts
Oct 19, 2020 at 11:04
Emotions are the hardest to control, so understandably the biggest area for a new trader to work on.
Member Since Sep 12, 2017
238 posts
Jul 29, 2021 at 11:19
the most thing is to control greed if that does not happen i believe a trader cannot be successful
Jul 30, 2021 at 05:36
Yes, greed can be your biggest enemy in forex trading. If you are not able to slow your pace and think well before making a decision you will most likely end up making a wrong move if you allow greedy feelings to lead the way. You need to pur emotions at bay and focus on a realistic and complete analysis as much as you can.
Jul 30, 2021 at 16:10
mab8 posted:If there is greed in any matter, nothing good can be expected from him. Greed is the most harmful emotion in trading. Which can create many problems to survive in trading.
Yes, greed can be your biggest enemy in forex trading. If you are not able to slow your pace and think well before making a decision you will most likely end up making a wrong move if you allow greedy feelings to lead the way. You need to pur emotions at bay and focus on a realistic and complete analysis as much as you can.
Aug 04, 2021 at 17:01
Greed will do you no good, everybody knows it, however, it becomes vivid when a greedy person deals with financial operations. If you try to get more than it it possible, you'll definetely fail sooner or later. So, what oyu need to do is to listen to your common sense and do your best to hedge the risks even psychological ones.
Sep 02, 2021 at 07:33
I think it majorly depends upon a trader's goals . We see traders who have long term goals succeed more often than those who have short term goals. This is because the majority of traders that have short term goals are driven by greed to make quick big bucks which never ends up in their favour, rather they lose most of their money in a couple of days.
Member Since Aug 10, 2021
178 posts
Sep 03, 2021 at 03:56
Greed is a very bad thing, We do our harm by being greedy and greed is present in all of us, but we have to control it. All people try to be tempted to be a business or any work and want to succeed quickly, but it is a wrong decision, all those people should always work in the forex business until the crown today, watch out for hurry. Online business requires us to work slowly and not too fast. Hurrying hurts and greed is a bad thing.
Member Since Jul 20, 2020
399 posts
Sep 03, 2021 at 06:57
sharabela posted:
Greed is one of the worst enemies. However, a trader with proper money management, discipline does not have a chance to be greedy. I assume as time goes by a trader with his experience gets less greedy.
I agree i think systematic approaches to trading and also risk management reduce the occurance of greed, fear of missing out etc. Its so key to be as robotic as possible and with good systems in place this is so much easier
