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Greed is poison

Malajind
Feb 09 2021 at 12:56
75 posts
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.
keyaanhenry
Mar 09 2021 at 11:14
18 posts
A successful trader surely requires some level of confidence and it is when they are overconfident and fall into the trap of greed, they start losing.
barmangrunt
Mar 10 2021 at 10:56
22 posts
Yes, it is absolutely the truth. Greed is not at all good for a trader in forex.
hattiethomas
Mar 23 2021 at 10:27
15 posts
Keeping a good control over your emotions is something every trader has to do while trading. Greed can be quite worse for prospective profits.
RobSchiz
Apr 14 2021 at 13:53
567 posts
keyaanhenry posted:
A successful trader surely requires some level of confidence and it is when they are overconfident and fall into the trap of greed, they start losing.
Confident is good but overconfident is a curse.
robindude
Apr 29 2021 at 10:01
107 posts
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
Mauk
Apr 30 2021 at 08:05
78 posts
Indeed, it is, receives a reward, ours goes beyond all boundaries.
forexminded
Apr 30 2021 at 11:06
35 posts
Greed never lets anybody stay in this game for a long time.
Tremblay
May 06 2021 at 07:47
330 posts
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.
UweMoench
Jun 03 2021 at 07:07
751 posts
Greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.
SofieAndreasen
Jun 08 2021 at 10:11
759 posts
I also agree. Greed is the root of all evil in trading.
Auginn
Feb 16 at 11:50
11 posts
I absolutely agree that greed is a big poison. It prevents so many traders to trade profitably. I know two big problems in trading. The first is fear and the second is greed. If you manage to cope with two common vices, you can become a successful trader.
skihav
Feb 16 at 14:24
801 posts
In trading, and in life in general, you must always be confident in your actions. As for me, this is a very good quality for a trader.
miguelcaron
Mar 03 at 03:58
70 posts
It’s important to know that being greedy won’t do any good to you. If you want to really make it in your trading career, you have to make sure that you trade only when it is needed. Not any time that seems to be a good time just because you want to make money.
Fx_howie
Mar 03 at 11:44
36 posts
We all have been greedy once, don't we?
croisssan
Mar 03 at 16:45
939 posts
In fact, uncertainty is a critical feature of a trader. You must always be confident in your actions.
ceceliagreerr
Mar 11 at 04:52
28 posts
Greed is the most poisonous weapon while trading in the forex market as if not controlled and monitored, it can lead to unnecessary irrational trading decisions in forms of overtrading and overleveraging etc. which leads to vast amounts of losses.
Diptote
Mar 11 at 07:38
15 posts
Traders become greedy by looking at forex because of endless earning opportunities. Also, at the same time, they underestimate the risk and potential losses that trading recklessly could lead to. To avoid the latter, they need to act rationally and get the right education before taking any steps.
Seb King (sebking1986)
Mar 11 at 09:42
448 posts
I think it's a fine balance. If greed keeps you in a trade too long when everything is telling your to get out then of course it leads to loss. Equally I think that there is a psychological issue we face as traders where some will feel 'unworthy' of making a certain amount of money and will cut trades short from fear that 'that's enough'. Let the markets tell you when that is enough and you will likely strike the balance.
If you can't spot the liquidity then you are the liquidity.
skihav
Mar 12 at 10:14
801 posts
The trader's confidence in his actions is a key task. I don't think there's much point in working without it.
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