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Newcomers and their greediness
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Johny_tr

Member Since Oct 19, 2019  34 posts Johny_tr Jul 09 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.

IvanMelnik

Member Since Jul 09, 2020  29 posts IvanMelnik Jul 13 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.

togr

Member Since Feb 22, 2011  4836 posts vontogr (togr) Jul 13 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

Miguelfabian

Member Since Jun 22, 2020  39 posts Miguelfabian Jul 14 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.

ForexFarmer1

Member Since Jun 14, 2019  10 posts ForexFarmer1 Jul 14 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

sianhsieh

Member Since Jul 14, 2020  3 posts sianhsieh Jul 14 at 12:19
well, agreed with most of the posts, but greediness is also what drove us here correct?

Cegar

Member Since Sep 29, 2019  17 posts Cegar (Cegar) Jul 15 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.

Juan_Garcia

Member Since Jun 05, 2020  31 posts Juan_Garcia Jul 16 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.

Thetalak

Member Since Jan 02, 2020  9 posts Thetalak Aug 24 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.

ElliotCooke

Member Since Jul 20, 2020  221 posts ElliotCooke Sep 21 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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