To use chat, please login.
Back to contacts

Greed is poison

Apr 05, 2020 at 01:19
2,631 Views
80 Replies
Member Since Jul 19, 2020   788 posts
Aug 13, 2020 at 14:58
Positive Mindset Helps to Profit in Trading. Greed can ruin a trading career. From my experience, when I came to new trading, I wanted to earn a lot of money, so I would face losses by over-trading. Here I have indulged my greed and made a lot of losses. So there is no need to be greed. Greed destroys people. And if you want to trade, you must give up greed. To be greedy in trading means to bring your danger. So to give up greed by keeping a positive mindset.
Member Since Jun 05, 2020   33 posts
Aug 17, 2020 at 06:29
Greed is something, which if creeps in your trades, can make you bear huge losses and empty your account in no time. One should be careful in handling emotions and trading out of practicality and logic.
Member Since Aug 14, 2020   40 posts
Aug 17, 2020 at 11:06
Specially new traders and their accounts suffer a lot because of greed.
Member Since Aug 17, 2020   8 posts
Aug 17, 2020 at 20:13
Greed is bad always and it is really important to get rid of it.
Member Since Jul 20, 2020   341 posts
Aug 26, 2020 at 19:26
Yes, Greed is poison for forex trading. You can lose all your money if you have greedy nature on you.
Member Since Dec 06, 2019   19 posts
Sep 03, 2020 at 16:32
I fully agree that greed is one of the main fundamental problems for a trader. It is very important to learn how to control and discipline yourself. If you do not control your emotions, it will lead to stupid losses. To avoid this, you need to build the right trading strategy and properly manage risks.
Member Since Jul 19, 2020   318 posts
Oct 28, 2020 at 18:12
greed is the most dangerous thing in the forex market. Many traders lose their investment because of their greedy nature.
Member Since Apr 28, 2020   52 posts
Oct 30, 2020 at 07:31
I know greed is one of the most dangerous thing in forex. We have to set boundaries as to when to trade and when not to to avoid greed.
Member Since Oct 09, 2020   28 posts
Nov 20, 2020 at 06:15
When you are trading forex, there shouldn’t be any room for greed. If you become greedy, you are bound to lose.
Member Since Jun 05, 2020   33 posts
Nov 20, 2020 at 06:22
Marlonsmith posted:
If you become greedy, you are bound to lose.
This is one thing every trader should abide by.
Member Since Nov 02, 2020   36 posts
Nov 20, 2020 at 07:08
Marlonsmith posted:
When you are trading forex, there shouldn’t be any room for greed. If you become greedy, you are bound to lose.

That holds true in all spheres of life.
Member Since Nov 19, 2020   6 posts
Nov 20, 2020 at 07:28
Marlonsmith posted:
When you are trading forex, there shouldn’t be any room for greed. If you become greedy, you are bound to lose.
Ya right. It burns your account.
Member Since Jan 21, 2021   48 posts
Feb 03, 2021 at 11:39
100% TRUE, too much desire to obtain more money from trading is a poison.
This makes you to over trade by choosing impractical trading strategies and
may lose a huge amount. Avoid gambling, the forex trading doesn’t work like that.
Member Since Feb 04, 2021   31 posts
Feb 09, 2021 at 08:07
Greed is that poison which will ruin the trading. It is necessary for everyone to not do overtrading in the urge of making maximum profits.

Member Since Jul 04, 2020   22 posts
Feb 09, 2021 at 10:59
For attaining any sort of success in forex, it is mandatory that a trader keeps away from any kind of greed or emotion. These are the things that can lead a trader closer to losses and failure.
Member Since Aug 07, 2020   75 posts
Feb 09, 2021 at 12:56
Those who are working on their development do not want to be successful in trading, but they do not try to fight greed, because they understand how unsafe it is.
Member Since Dec 11, 2020   110 posts
Apr 29, 2021 at 10:01
People tend to become more greedier the moment they are able to make consistent profit. So it is very important that they control in that aspect to prevent it overtaking in their trading
Member Since Aug 26, 2020   78 posts
Apr 30, 2021 at 08:05
Indeed, it is, receives a reward, ours goes beyond all boundaries.
Member Since Feb 04, 2021   35 posts
Apr 30, 2021 at 11:06
Greed never lets anybody stay in this game for a long time.
Member Since Feb 23, 2021   330 posts
May 06, 2021 at 07:47
forexminded posted:
Greed never lets anybody stay in this game for a long time.
It is the most dangerous thing for traders. They should avoid greed while trading.
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.