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Control your greed.
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Roberto21

Member Since May 02, 2019  267 posts Roberto21 Jun 18 at 06:21
Maximum traders in Forex like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.

Antero36735354

Member Since Feb 11, 2020  11 posts Antero36735354 Jun 18 at 12:30
greed is common to all people, you need to learn to disable this feeling in yourself if you want to earn money.

Stonesong

Member Since May 13, 2020  55 posts Stonesong Jul 07 at 06:10
First, analyze your closed deals and your behavior in doing so

first_time

Member Since Jun 22, 2020  34 posts first_time Jul 07 at 07:17
gabeorwel posted:
Hello! Unfortunately, there is no on/off switch for such a feature like 'greed'. I remember 13 years ago, when I discovered Forex market, greed was living in my heart. And my trades were awufull. What helped me - is to treat Forex not like a money machine, but more like a side-hustle. Also having a full time job helps a lot, so I had money and I was not thinking about getting more. Not full time, not so serious, less worries. Also trading on a Forex looks like having a cat (not my words, but completely agree with them). If you are chasing a cat, that cat will run away, but if you stop chasing and you have what cat loves - cat will run towards you eventually.

Same thing with money. If you are chasing them with all you heart and soul and that's everything you can ever think of - you'll fail.
If you will have what money likes - patience, long term vision and love for what you do - money will come. Trust me.
Have a good one.

I really like what you said.
Saying that we have to control our greedness is easier than done. Thank you for sharing the story.

Cizel89

Member Since Mar 23, 2020  34 posts Cizel89 Jul 09 at 06:34
Antero36735354 posted:
greed is common to all people, you need to learn to disable this feeling in yourself if you want to earn money.

Correct!

Shelby10

Member Since Jul 15, 2020  17 posts Shelby10 Jul 26 at 13:32
Greed is the main enemy of a trader in the Forex market. Many people lose their money because of their greediness.

OsloHoney

Member Since Feb 09, 2018  12 posts OsloHoney Jul 27 at 10:54
I think laziness is the main enemy. People do not want to work hard and learn. They think Forex is easy. It is not

UlianaCheck

Member Since Mar 03, 2020  10 posts UlianaCheck Jul 27 at 13:03
'Greed is not a financial issue. It's a heart issue. '
Andy Stanley

Akos343454rgg

Member Since Feb 24, 2020  4 posts Akos343454rgg Jul 31 at 09:10
You must adhere to the strategy you have developed and learn how to close negative trades

Dictiony

Member Since Apr 01, 2020  86 posts Dictiony Aug 03 at 00:43
Greed can be dangerous for your trade and you can lose due to greed. Although it is difficult to control greed but you should control it to make profit in Forex. Make a good sterategy and plan and you will be a successful trader.

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