Newcomers and their greediness

May 22, 2020 at 05:48
3,589 Views
71 Replies
Member Since Aug 11, 2017   886 posts
May 22, 2020 at 05:48
The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.
Member Since May 11, 2020   74 posts
May 22, 2020 at 10:43
Very true. They need asses the power of risk management and money management else they will be having hard time avoiding the losses
Member Since May 24, 2020   112 posts
May 24, 2020 at 07:27
It was the greed of many newcomers that killed on the path to making money on Forex
Member Since May 24, 2020   112 posts
Jul 03, 2020 at 03:44
When they say that a large percentage of traders do not earn and leave the market, it seems to me that this is affected by their greed.
Member Since Apr 28, 2020   52 posts
Jul 03, 2020 at 07:54
Yeah.Greed is a dangerous thing, not just for beginners but even for those in trading for a good time.
Member Since May 14, 2020   7 posts
Jul 03, 2020 at 11:55
Greediness is bad for anyone and everyone. No matter a trader is new or experienced. Patience is the key.
Member Since Jun 22, 2020   77 posts
Jul 06, 2020 at 07:15
Greed is one of the negative side that you should be avoiding when it comes to trading. It takes lot of time to overcome for that.
Member Since Jun 01, 2020   55 posts
Jul 06, 2020 at 07:21
first_time posted:
Greed is one of the negative side that you should be avoiding when it comes to trading. It takes lot of time to overcome for that.

Exactly and the worst part is it makes you over trade and that spoils your entire game.
Member Since May 27, 2020   31 posts
Jul 06, 2020 at 11:09
Suarez posted:
Exactly and the worst part is it makes you over trade and that spoils your entire game.
This is worst and that is where we have to be careful and try to avoid greed or fear.
Member Since Apr 15, 2020   219 posts
Jul 08, 2020 at 11:39
Greediness is awe full in any scenario. Money made with patience is worth the hard-work and remains with you for long. Even wehn it comes to trading, one should be wise and patient while placing trades. Profits and losses are both 2 sides of a coin. Its only with time that you understand what to trade, how to trade, how much to trades etc.
The more your practice, the more you learn.
Member Since Oct 19, 2019   34 posts
Jul 09, 2020 at 06:19
New comers mostly face the issue of controlling their emotions and greed. Well practice well and trade with patience; be rational. If you trade with practical decisions, only then will you go far in this journey.
Member Since Jul 09, 2020   34 posts
Jul 13, 2020 at 10:28
I have been fallen prey to greed in my initial days of trading and faced losses which was not a good feeling at all.
Member Since Feb 22, 2011   4862 posts
Jul 13, 2020 at 11:58
Even after years of trading I am facing issues with greed.
That's why I am using automated systems where money management is well defined and executed.

IMHO greed is not only that you overtrade account to get more profit
it is also about NOT accepting loss and NOT closing losing positions when you should
Member Since Jun 22, 2020   39 posts
Jul 14, 2020 at 06:44
When they say that a large percentage of traders do not earn and leave the market, it seems to me that this is affected by their greed, you need to have control over your emotions.
Member Since Jun 14, 2019   10 posts
Jul 14, 2020 at 12:01
togr posted:
Even after years of trading I am facing issues with greed.
That's why I am using automated systems where money management is well defined and executed.

IMHO greed is not only that you overtrade account to get more profit
it is also about NOT accepting loss and NOT closing losing positions when you should

Automation is the best way to combat emotions in trading. It can be tough to learn how to code an EA but once you understand, it is very rewarding
Member Since Jul 14, 2020   3 posts
Jul 14, 2020 at 12:19
well, agreed with most of the posts, but greediness is also what drove us here correct?
Member Since Sep 29, 2019   26 posts
Jul 15, 2020 at 21:09
Greed is one of the main problems of traders. It is almost impossible to control, and it causes most losses in trading. That's why all traders need to learn self-control and restraint, and then their profits will grow significantly.
Member Since Jun 05, 2020   33 posts
Jul 16, 2020 at 07:00
005500 posted:
Greediness is bad for anyone and everyone. No matter a trader is new or experienced. Patience is the key.
I agree on that. No matter at what stage a trader is, a newbie or an experienced one, greed can mar it all.
Member Since Jan 02, 2020   14 posts
Aug 24, 2020 at 12:15
Greed is one of the first obstacles for all beginners in trading. When a beginner comes into trading, he expects a lot of money in a short time, and because of this perception, they lose all their investments very quickly. That's why I always advise beginners to open an account with a small deposit and learn to manage their capital correctly.
Member Since Jul 20, 2020   341 posts
Sep 21, 2020 at 19:04
Newcomers should avoid the greediness. Greed can put you in great danger So, you should control your greed when you are trading in the market.
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