Too much of every emotion is bad for your trading career, be it greed or fear. So, it’s best to first gain some experience so that you become capable of making good trading decisions that lead to profits.
Mar 15 2022 at 07:58
Greed is deep rooted in trader's DNA. To control that a trader should first control the emotions, it won’t be possible to trade the market with rational logic.
If a trader is not confident in his actions, it will be extremely difficult for him to get a result.
Mar 17 2022 at 10:23
Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.
Mar 18 2022 at 03:42
Be it forex trading or normal life, greed is a dangerous emotion that can make you do wrong things. So, better control it before it starts hampering your trading decisions.
Traders, if you want to become successful and stay in the long run, you must forget the concept of making money fast. Plan to manage risk, avoid over trading, and never do anything that is not mentioned in your trading plan.
Traders should avoid trading with emotions, be it greed or poison, as it won’t bode well for them. Trading should be done with strategies because only then, they will be able to make profitable trades or manage losses.
To some extent, we have all been greedy because that’s why we came into the forex market. We all thought of making money. In fact, that’s what we work for day and night. But when greed becomes the sole reason for you to open and close trades, it becomes dangerous. Greed should not blur your trading decisions to an extent that you start overlooking other factors.
Apr 07 2022 at 08:33
Greed is indeed poison. Been there done that
It’s all about controlling your greed so that it doesn’t become a part of your trading decisions. Just know when to trade, how much to put at risk, and when to exit the market. Don’t make any decisions out of greed as they may prove harmful for your growing trading account.
In forex trading you need to be patient to the core if you want to have a successful trading career. Greed makes you lose your mind and you make decisions that are capable of ruining your entire forex trading career.
Yes definitely, greed is equivalent to poison in the forex trading market. Greed yields nothing except losses. Traders, especially beginners, should always refrain themselves from greed if you want to be a successful trader. Forex trading requires a lot of knowledge, experience, and patience and if you’re looking for easy money and shortcuts then forex trading is not for you at all. Keep your greed aside and focus on learning, this is the best way to achieve success.
Apr 15 2022 at 01:36
Trading the forex market with greed is always a bad idea. So it is better not to trade with greed. Because greed is the thing that will cause you to lose a lot of money.
Greed is never a good friend if one wants to grow and succeed as a trader. But sadly, the forex market is full of greedy people rather than genuine strategic traders. Yes, we all are here for the money. But it should not be the sole goal when you decide to become a forex trader. There are plenty of other ideas to make money and that too avoiding all the risk elements that comes with forex. But if you decided to choose this path it should be out of the passion and joy of trading. If you treat trading like a money tree then you will never be able to prosper. You should keep the monetary aspect in your mind but moreover devote yourself to keep learning and acquiring new skills always.
Yes, greed is poison in Forex trading. You must have a risk control method to stop yourself from doing irrational things. Remember trading is not a sprint, it's a marathon.
Apr 19 2022 at 05:26
Not just greed but other emotions like fear, frustration, hope, sadness, happiness, etc. can also force you to make wrong trading decisions. Focus on following your trading plan.
Apr 19 2022 at 06:15
In my opinion, greed is that poison that can ruin anyone's trading skills.
Apr 19 2022 at 06:43
When a trader allows emotions to carry decisions, he or she is bound to fail. Many traders over trade expecting quick money. Often, it is the lack of understanding and knowledge that clouds their thinking leading them to loss, instead of profit gains.
Greed is an enemy of people. Actually, in trading this thing reveals itself even more. Traders can't understand that greediness ruin their trading activity, they try to reach as much as they can, but they should understand that greediness NEVER led to something positive. I personally don't know any situation when greediness helped me a lot. It only brought bunch of harm to me and my friends. Hence I suppose that if traders would learn how to avoid greediness and when they start to understand where to STOP.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
shortant posted:Any emotion, especially greed, inhibits the decision making power of a trader which results in making wrong trading decisions.
Traders should avoid trading with emotions, be it greed or poison, as it won’t bode well for them. Trading should be done with strategies because only then, they will be able to make profitable trades or manage losses.
