Control your greed.
Sep 08, 2019 at 07:50
Forex trading can change your life style with certainly. People are investing in Forex trading as they get Forex trading very profitable business. In the world Forex trading will surely the best earning market but to change your life style you have to control on your greed because greed is very dangerous and can make your business disaster. You should always try to control on your greed to change your life style.
Sep 08, 2019 at 15:21
Sure you really need to do this, otherwise it will simply eat you no matter what. I do hope that many many people will follow your advice really. See my point ? I hope that not. Thanks for all that matters here really. Thanks again for letting us know.
Mitglied seit Sep 09, 2019
11 Posts
Sep 09, 2019 at 11:19
Easier said than done. People start Forex because they want profits, money. This is all driven by greed or desperation. Very difficult to control those emotions
Sep 11, 2019 at 06:36
finnishpension posted:
Easier said than done. People start Forex because they want profits, money. This is all driven by greed or desperation. Very difficult to control those emotions
Well that’s true, people do run after money. But people should think from the long term perspective as well. Being over greedy can cost us a lot. Timely exits from your positions are a must as sticking on to losing trades in expectation of profits can be dangerous. Trade wisely.
Mitglied seit Sep 12, 2019
9 Posts
Sep 12, 2019 at 08:40
TaloR_11 posted:
Greed is the main reason why forex is so poular. move the greed out and forex becomes just a bank deposit.
Or a way of throwing money away - it all depends on your profits
Sep 28, 2019 at 15:50
burstfiltering posted:TaloR_11 posted:
Greed is the main reason why forex is so poular. move the greed out and forex becomes just a bank deposit.
Or a way of throwing money away - it all depends on your profits
Basically; it takes time to learn! Having an unrealistic target initially is very common; but end of the having a good trading plan is really crucial!
Mitglied seit Aug 27, 2017
994 Posts
Sep 29, 2019 at 12:24
AniLorak posted:burstfiltering posted:TaloR_11 posted:
Greed is the main reason why forex is so poular. move the greed out and forex becomes just a bank deposit.
Or a way of throwing money away - it all depends on your profits
Basically; it takes time to learn! Having an unrealistic target initially is very common; but end of the having a good trading plan is really crucial!
New traders need to focus on learning instead of the earning process! This is why I used my demo more than 1 year before starting my 1st live trading account!
Mitglied seit Mar 03, 2019
57 Posts
Nov 10, 2019 at 21:01
Yes you need to understand that learning and becoming profitable in forex takes years. Many people do not have the discipline.
forex_trader_753800
Mitglied seit Jul 16, 2019
9 Posts
Nov 19, 2019 at 09:54
People always talk abouth emotions this and that feelings, i tell you somethink, greed can be manage best with correct money management. For example a correct money management is to use maximal 2.5 lot on a trade with account size like 120k. Or a lotsize like 0.1 lot on a 10K account. That will already help to control greed, without doing yoga or meditation or whatever thinks people always tell, just follow correct money management.
Nov 28, 2019 at 11:37
In trading business traders are always trying to get maximum profits its natural even greed is also natural emotion but a trader must be very realistic and this thing you can learn by experience and practice that at what point you have to stay and where you have to move forward to avoid the possible risk as greed sometimes takes towards big loss
Revenue is vanity, profit is sanity, but cash is king
forex_trader_761452
Mitglied seit Jul 22, 2019
11 Posts
Dec 15, 2019 at 22:55
What is greed?. We want return and we want it safe. Is expecting a 10% per month with maximum 25% DD greed? We need to quantify it.
Mitglied seit Dec 09, 2019
60 Posts
Dec 16, 2019 at 08:08
Greed is one of the biggest enemies that have to be eliminated. It is one of the parts of emotion that can cause losses in your trading. A new trader should learn how to tackle that and other negative aspects of emotions before starting with a real account.
Dec 17, 2019 at 19:10
Greed is a serious problem for many traders. And not only for those who are just starting their way, but also for experienced professionals, who sometimes believe that they are powerful and make mistakes that cost most of their capital. I don't know how to fight it. Perhaps you should write on a piece of paper above the desktop that your money and income depend only on you. You will be able to earn stably and earn a lot only if you do not hurry, and your capital will gradually grow and provide you with a better life.
Mitglied seit Feb 22, 2011
4862 Posts
Dec 18, 2019 at 09:06
Dorsin posted:yeah captain ;)
Greed is a serious problem for many traders. And not only for those who are just starting their way, but also for experienced professionals, who sometimes believe that they are powerful and make mistakes that cost most of their capital. I don't know how to fight it. Perhaps you should write on a piece of paper above the desktop that your money and income depend only on you. You will be able to earn stably and earn a lot only if you do not hurry, and your capital will gradually grow and provide you with a better life.
Dec 31, 2019 at 10:14
Greed, definitely is the most serious problem while trading. Earning consistent profits becomes too difficult for anyone who gets into its trap. I think the best way to trade without being greedy is to follow a trading plan with strict entry-exit points. This will restrict you to a particular level of trading and won’t let you over trade because of greediness.
