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Beginners Greed

Williamfreed
Sep 08 at 01:06
38 Posts
Greed is very bad for every trader and beginner because forex trading is a greedy and risky business, so if you want to be successful or earn profit in forex trading market, you must control emotions and greed so that you can earn more profits quickly.

HeavenLeighGill (HeavLeighGill26)
Sep 08 at 01:59
69 Posts
It’s difficult to not feel greedy, although I always lean more towards anxiety, which kind of keeps me grounded because I don’t want to risk as much. Either way I think it’s necessary for traders to learn how to be as emotionless as possible.

Unellene
Sep 08 at 12:28
238 Posts
greed is not only among beginners, and this is bad, this trait will not help you to improve your profits in any way

Salore
Sep 09 at 18:48
13 Posts
Greediness is inherent to beginners mainly because they don't know in details how does the mechanism of trading work, so that's why they always waste lots of money and decide that they can't be successful in this activity. I believe that it's the very first mistake of traders. You should always trust yourself and believe in yourself. Emotions is also the same problem as greediness, because novices neglect emotions control just because they don't believe that it matters in trading. So, in my opinion, traders, who want to start trading activity, should always be acuinted with fundamental trading tips.

smith_fx
Sep 10 at 05:52
33 Posts
Greed is what backfires on you and makes things worse in forex trading.

Unellene
Sep 11 at 15:51
238 Posts
yes, greed not only in Forex will interfere, but also in life in general

necolesilvers
Sep 13 at 08:07
28 Posts
Greed is the biggest enemy of a trader and it is very important to control this visceral emotion. Greed often incites a trader to over trade. I believe that the traders who are able to stick to their trading plan are less prone to suffer greediness.

croisssan
Sep 13 at 13:27
289 Posts
It is important for a beginner not to be afraid, but to gain experience. For a beginner, experience and knowledge is the most important thing that can be.

Suradi (FXOday)
Sep 14 at 00:21
137 Posts
Greedy is like an enemy that appears from own minds, usually, traders want to make big profits in a short time by increasing lot size, or open multiple orders without pay attention to the risk involved, usually, the result of greed only will leading trader fall in regret, because often greedy making big loss in trading and if faced stop out account hence will losing opportunity to make new trades

CraigMcG2020
Sep 14 at 06:53
127 Posts
FXOday posted:
Greedy is like an enemy that appears from own minds, usually, traders want to make big profits in a short time by increasing lot size, or open multiple orders without pay attention to the risk involved, usually, the result of greed only will leading trader fall in regret, because often greedy making big loss in trading and if faced stop out account hence will losing opportunity to make new trades


So true. Like so many people have been up 10/20% and they want it all and they want it all yesterday instead of being happy. Thats why a small account is harder to trade because the gains are small like 50/100/200 when the trader wants 1/2/10k profit

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