I'm a beginner in forex and investing a lot of money at the initial stage is just greedy to think that invest higher would also bring higher profit ?
Bradley88 posted:
I'm a beginner in forex and investing a lot of money at the initial stage is just greedy to think that invest higher would also bring higher profit ?
Absolutely. beginners shouldn't block too much capital in the beginning because they dont have much knowledge and experience yet. therefore its wise to start small and slowly grow your account, than going all in at once.
Nov 24 2020 at 07:57
I agree. One must not be greedy when trading. This will only magnify losses.
Nov 26 2020 at 05:08
As a beginner, start small. Don’t risk too much money in the beginning. It will only demoralize you from the very start.
PercymcDonnell54 posted:Yes. Proper planning is very important.
As a beginner, start small. Don’t risk too much money in the beginning. It will only demoralize you from the very start.
Anything that is associated with fear and uncertainty in trading will lead to only one thing - to losses. This has been proven for a long time.
greed spoils everything not only in forex, but in any other aspect of everyone
Jan 03 2022 at 17:39
Greed does not help you succeed. It tempts you to adopt strategies that cannot succeed.
Jan 04 2022 at 08:19
LyudmilLukanov posted:Greed can put a trader in great danger.
Greed does not help you succeed. It tempts you to adopt strategies that cannot succeed.
It is worth immediately for yourself to understand what this threatens. At least - lost profit. The maximum is losses.
I have seen many traders suffering losses because of greed.
Self-doubt can actually become a fatal trait for a trader. I think that a trader himself should understand how.
Jan 10 2022 at 15:49
Greed-based trading never ends well.
Uncertainty in this industry can really end very badly. From banal making wrong decisions to losses out of the blue.
HeavLeighGill26 posted:Of course, greedy trading is very harmful. And it never ends successfully.
Greed-based trading never ends well.
Jan 11 2022 at 05:33
Bradley88 posted:Greed can put you in great danger.
I'm a beginner in forex and investing a lot of money at the initial stage is just greedy to think that invest higher would also bring higher profit ?
Jan 11 2022 at 13:45
UweMoench posted:One of the worst traits to have - I'm sure everybody goes through this at some point though.
Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making money. But we should control our greed if we want to stay in the market and make profit for long.
Self-doubt only leads to losses in this industry. Unfortunately, this only has such an outcome.
I fully agree with you. Greediness has already killed many perspective traders, I mean they lost everything because of theirgreediness, however if we want to develop our skills in trading we must look at mistakes, made because of greediness, as at experience, which brought us much more than money. Of course, the vast majority of traders come into trading because of money, they just want to earn it, but I believe that experience prevails over money. I lost a particular sum of money and I didn't stop. I started to explore trading deeper in order to understand why I behaved myself the way it led me to losses. So, here veerythng depends on your attitude toward trading activity.
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