To use chat, please login.
Back to contacts

Greed is poison

Apr 05, 2020 at 01:19
2,648 Views
80 Replies
Member Since Apr 01, 2020   231 posts
Apr 05, 2020 at 01:19
No doubt greed is curse greed is a poison and we have to avoid this poison and curse in our business so that our business become successful we should not be greedy in other matters of life too greedy man can never get success greediness is against the principles of Forex forum so if you have to become experience fall and professional trader then you have to cut out this habit and you have to follow positive habits
Member Since Dec 09, 2014   11 posts
Apr 05, 2020 at 04:20
If you still looking for a greed then you can do yourself by searching on google. And before choose any trader kindly check review and reputation on different sites. Thanks
Member Since Oct 19, 2019   34 posts
Apr 06, 2020 at 11:26
I totally agree. If you will be greedy while trading, your trades won't give you any profits, rather your impractical strategies and over excited emotions will take you close to losses.
Member Since Apr 04, 2020   57 posts
Apr 08, 2020 at 06:47
It is greed that does not allow beginners to continue trading and make good money.
Member Since Oct 07, 2019   39 posts
Apr 09, 2020 at 11:34
Greed ruins a trader. One should avoid this tendency in order to trade efficiently in the market.
Member Since Oct 22, 2019   33 posts
Apr 13, 2020 at 12:13
Greed leads to over trading as a result a trader see his account going in losses and nothing else.
Member Since Oct 19, 2019   38 posts
Apr 14, 2020 at 07:28
Tygotaylor posted:
Greed leads to over trading as a result a trader see his account going in losses and nothing else.
I agree. Happened to me when i was a beginner, but then i realized that emotions can ruin everything especially greed, that's when i started working on myself and now its all pretty smooth.
Member Since Oct 22, 2019   41 posts
Apr 14, 2020 at 12:02
Tygotaylor posted:
Greed leads to over trading as a result a trader see his account going in losses and nothing else.
Agree with you. Have done this thing and it's negative result too.
Member Since Apr 15, 2020   83 posts
Apr 15, 2020 at 05:24
Greed is really quite detrimental to trade, and basically there is only a loss
Member Since Dec 20, 2019   23 posts
Apr 29, 2020 at 19:41
The sooner you realise all that the better for you, do not go for such long cycles of trading when you are completely new and do something else entirely and absolutey, I clearly do not see what is what tremendeously for many goals.
Member Since Apr 28, 2020   52 posts
Apr 30, 2020 at 07:02
Dorigda posted:
Greed is really quite detrimental to trade, and basically there is only a loss

True, it makes you over trade too which spoils the scenario even more.
Member Since Dec 09, 2019   60 posts
Apr 30, 2020 at 11:40
Very true with this. Greed can be dangerous aspect when it comes to trading.
Member Since Dec 15, 2019   20 posts
Apr 30, 2020 at 18:16
That's for sure. Greed, even in everyday life, becomes a problem and you can't live with it normally. And for trading, it's even poison. Traders must not give in to it and always keep control. If you relax a little, all your trades will fail. When you trade, you should try to turn off all your emotions and become cold to such temptations as greed.
KhoiDam
Member Since Dec 14, 2019   22 posts
May 04, 2020 at 12:22
Let's be realistic - absolutely everyone comes into trading to make money. And the overwhelming majority of them strive not just to satisfy their basic needs, but to gain full financial independence and prove it to themselves and others. And since trading is a potentially money profession, it is a very fertile ground for greed. You feel the opportunity to become very, extremely rich and it distorts your consciousness. I think any trader goes through this, at least there are a lot of articles about greed.
Hollywood movies about stock trading often surround the profession with a halo of romance and smooth out the sharp corners. Therefore, often in the minds of beginners, and sometimes quite experienced traders there is a change of concepts. They call greediness ambition or purposefulness, and their habit to break the rules because of it - adventurism. Indeed, all TV series like Billions or movies like the Wall Street Wolf show crazy traders who easily break all the rules and usually bring them results. However, reality is not a movie. In reality, greed is destructive.
The main problem is unrealistic expectations. Traders forget what risk and trade are and already mentally plan for success. Sometimes the reality is disappointing, but the trader was already so confident in success that he put all his eggs in one basket and remains with nothing.
The main cure against greed is a simple question 'Why I sure I will win?'. You should ask yourself that more often.
Member Since May 06, 2020   9 posts
May 06, 2020 at 11:22
Chechova posted:
Let's be realistic - absolutely everyone comes into trading to make money. And the overwhelming majority of them strive not just to satisfy their basic needs, but to gain full financial independence and prove it to themselves and others. And since trading is a potentially money profession, it is a very fertile ground for greed. You feel the opportunity to become very, extremely rich and it distorts your consciousness. I think any trader goes through this, at least there are a lot of articles about greed.
Hollywood movies about stock trading often surround the profession with a halo of romance and smooth out the sharp corners. Therefore, often in the minds of beginners, and sometimes quite experienced traders there is a change of concepts. They call greediness ambition or purposefulness, and their habit to break the rules because of it - adventurism. Indeed, all TV series like Billions or movies like the Wall Street Wolf show crazy traders who easily break all the rules and usually bring them results. However, reality is not a movie. In reality, greed is destructive.
The main problem is unrealistic expectations. Traders forget what risk and trade are and already mentally plan for success. Sometimes the reality is disappointing, but the trader was already so confident in success that he put all his eggs in one basket and remains with nothing.
The main cure against greed is a simple question 'Why I sure I will win?'. You should ask yourself that more often.

Excellent point well said
Member Since May 11, 2020   74 posts
May 12, 2020 at 07:35
Chechova posted:
Let's be realistic - absolutely everyone comes into trading to make money. And the overwhelming majority of them strive not just to satisfy their basic needs, but to gain full financial independence and prove it to themselves and others. And since trading is a potentially money profession, it is a very fertile ground for greed. You feel the opportunity to become very, extremely rich and it distorts your consciousness. I think any trader goes through this, at least there are a lot of articles about greed.
Hollywood movies about stock trading often surround the profession with a halo of romance and smooth out the sharp corners. Therefore, often in the minds of beginners, and sometimes quite experienced traders there is a change of concepts. They call greediness ambition or purposefulness, and their habit to break the rules because of it - adventurism. Indeed, all TV series like Billions or movies like the Wall Street Wolf show crazy traders who easily break all the rules and usually bring them results. However, reality is not a movie. In reality, greed is destructive.
The main problem is unrealistic expectations. Traders forget what risk and trade are and already mentally plan for success. Sometimes the reality is disappointing, but the trader was already so confident in success that he put all his eggs in one basket and remains with nothing.
The main cure against greed is a simple question 'Why I sure I will win?'. You should ask yourself that more often.

Well said.
Member Since May 13, 2020   128 posts
May 13, 2020 at 12:05
One cannot but agree with the fact that many newcomers were ruined by greed
Member Since May 27, 2020   31 posts
Jun 03, 2020 at 10:49
Greed is a trap. Traders should be aware of it.
Member Since Jun 24, 2020   34 posts
Jun 29, 2020 at 06:23
Cruz45 posted:
Greed is a trap. Traders should be aware of it.

Totally agree. Getting out of this trap is extremely difficult. So we better control it before its too late.
Member Since Jun 30, 2020   90 posts
Jun 30, 2020 at 08:49
Those who are really greedy merge deposits very quickly.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.