Greed, fear and anxiety are some of the emotions that you encounter while trading that can blow your account in no time.
yes greed and emotions are really a great poison.
Greed is something that, if it sneaks into your trading, can cause you to lose a lot of money quickly. Trading out of logic and practicality should be done carefully.
Afterpiece
Member Since May 13, 2022
27 posts
May 26 at 07:41
Greed is really one of the greatest poisons ever known to man, especially when it comes to trading. It is valid everywhere and not just in the world of trading. They lose it all if they don’t know how to leave greediness.
I agree. Greed is no doubt a poison for the traders and it must be controlled. Greed is capable of ruining your entire trading career and you can go bankrupt in seconds if you don’t control yourself. You need to understand that forex is not easy money and keep unrealistic expectations. It may take years to trade and earn profits so don’t look for any shortcut and do the hard work yourself. The more you learn, the better trader you become.
Victimology
Member Since May 18, 2022
16 posts
Jun 01 at 08:49
Greed is bad, not only in daily life but in forex trading as well. When you get enough profit, you should exit the trade. Oftentimes, when you stick into the trade after having received good profits, with the greed to get more, the trader ends up losing.
It is better to use stop loss and take profit always in order to avoid loss due to greed.
It is better to use stop loss and take profit always in order to avoid loss due to greed.
not only a greed only poison but also a over thinking mind also a hindrance in trading as well real life.
HeavenLeighGill
(HeavLeighGill26)
Member Since Aug 05, 2021
282 posts
Jun 15 at 14:35
I've definitely talked to many other traders that got destroyed by greed and know one one in real life. It's no good, just on the opposite side of the spectrum from anxiety based trading.
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