Control your greed.
Mitglied seit Aug 10, 2021
176 Posts
Sep 03, 2021 at 03:56
Greed is a very bad thing, We do our harm by being greedy and greed is present in all of us, but we have to control it. All people try to be tempted to be a business or any work and want to succeed quickly, but it is a wrong decision, all those people should always work in the forex business until the crown today, watch out for hurry. Online business requires us to work slowly and not too fast. Hurrying hurts and greed is a bad thing.
Mitglied seit Jul 20, 2020
399 Posts
Sep 03, 2021 at 06:57
sharabela posted:
Greed is one of the worst enemies. However, a trader with proper money management, discipline does not have a chance to be greedy. I assume as time goes by a trader with his experience gets less greedy.
I agree i think systematic approaches to trading and also risk management reduce the occurance of greed, fear of missing out etc. Its so key to be as robotic as possible and with good systems in place this is so much easier
Mitglied seit Jun 14, 2021
28 Posts
Sep 06, 2021 at 07:27
If greed is not checked at the right time, it may land a trader in some serious problems. Most of the traders end up over-trading out of greed. Therefore it is very important to prepare your mind. It is only our mind that prompts us to make money quickly. Therefore, it is good to strictly follow a trading plan so that you don’t deviate from your goals. It will save a trader from blowing up their account.
Mitglied seit Jun 12, 2021
132 Posts
Sep 06, 2021 at 07:39
from all bad human habit greed is the foremost which can make you loser from this trading place , so its more appropriate to control greed by making others good trading habit.
Mitglied seit Sep 06, 2021
9 Posts
Sep 06, 2021 at 10:15
AndrewMcCalam54 posted:Greed is also the foremost habit that drives us to succeed, especially with Forex. We all want to to be rich from Forex. No one does this just for fun
from all bad human habit greed is the foremost which can make you loser from this trading place , so its more appropriate to control greed by making others good trading habit.
HeavenLeighGill (HeavLeighGill26)
Mitglied seit Aug 05, 2021
401 Posts
Dec 21, 2021 at 16:27
I kind of had the opposite problem being that my anxiety made me too hesitant to enter trades or I'd enter too late or pull out to early, which kept me from earning as much as I could have. Greed is definitely a big problem for forex traders and often leads us to keep risking, only to lose it all. It reminds me of when a gambler wins a big sum of money but continues playing and leaves with nothing. Playing it safe is more my style but I know a lot of traders that have made big mistakes getting greedy.
Dec 21, 2021 at 23:01
Forex trading need money management to manage the risk, greedy is not the answer for becoming rich from forex trading business, but it like a suicide account because greed will make worst emotion and bad psychology, although maybe work at certain time, but overall trading based greedy only will make failure
Dec 24, 2021 at 04:54
Greed is what takes all traders down. In forex, we need to place calculated risks. Do not think about how much you can make from one trade, but how much you can lose from a trade. This mindset will help traders to take thoughtful steps.
Mitglied seit May 27, 2021
57 Posts
Dec 24, 2021 at 12:05
Nakedize posted:Exactly, greed is that poison that can kill someone's trading, once greed enters in your trading, you will only get losses.
Greed is what takes all traders down. In forex, we need to place calculated risks. Do not think about how much you can make from one trade, but how much you can lose from a trade. This mindset will help traders to take thoughtful steps.
Mitglied seit Jun 26, 2020
327 Posts
Dec 25, 2021 at 06:16
greed is a very dangerous thing in trading life , in spite of having most powerful analyzing trade knowledge
the result of trading can be useless if you dont know how to mange greed.
the result of trading can be useless if you dont know how to mange greed.
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