Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making money. But we should control our greed if we want to stay in the market and make profit for long.
Very very true. Lord knows that I battle with this
Yes it's true. Greed is the most dangerous emotion. To get out from greed we need discipline. We need to make some rules . For example, a losing trade no more new trade today or daily target fullfiled no more trade for that day.
Sep 28 2020 at 04:27
If the trader gets greedy it will going to affect the trader only in a worst way. One should control the greediness and need to stick with strategy.
greed is a very bad habit and most of the time we fall a great trouble by that. we trading over and over by means of greed. its very dangerous for us.
Sep 28 2020 at 09:22
Greed is obviously dangerous. Forex is a volatile market so invest as much as you can afford to loose.
Greed is very dangerous for our trading plans and we can lose our money if we can not control our dreed then we can lose our money quickly and find very dufficult to make good income with Forex trading.
Greed does not give the opportunity to think soberly and rationally, which is why it leads to a negative moment.
Sep 28 2020 at 18:46
YEs, greed is very dangerous. You can loss all your money because of your greedy nature.
Sep 29 2020 at 01:46
Yes, you are right greed is a very harmful emotion. It is never possible to make a profit by trading out of greed. When a new trader joins the Forex market, a lot of greed works in them which causes them to face losses. If a trader cannot give up emotion, he can never succeed in Forex trading.
Greed destroys the trading career. People join trading with many dreams but your dream will never be fulfilled if you cannot give up greed. To succeed in trading, you must first give up greed and fear.
Oct 07 2020 at 06:44
greed and emotions both are more dangerous ,
these are the foremost enemy in this trading place.
these are the foremost enemy in this trading place.
Oct 26 2020 at 07:04
When you decide to become a trader, you must leave greed behind and focus on improving your skills over time.
Nov 05 2020 at 10:58
When you are trying to become a successful trader, you must not let greed come your way. It can break your trades completely.
Nov 06 2020 at 11:32
Greed can be really dangerous when you are trading. It can make you lose unnecessarily.
Nov 15 2020 at 13:57
shaunmarsh posted:
When you are trying to become a successful trader, you must not let greed come your way. It can break your trades completely.
Not only greed but also managing other negative emotions like fear, revenge, overconfident are important in trading.
You are really right about the fact that there are many factors that affect trading, but greed is one of the first, because we strive for a lot of money, and this is our first failure.
Nov 16 2020 at 06:50
greed can be controlled if you can control your mind , because this bad human nature comes from mind and it should be stopped by your intelligence.
very nice point you have mentioned already , i always feel life is all about struggle between mind and intelligence.
Fear is really dangerous for a trader. It paralyzes some traders, preventing them from realizing their opportunities and potential. Others are pushed to make stupid decisions, because of which they lose or receive less profit. Moreover, it does not matter with what instrument a person practices trading - it is cryptocurrency, stocks, futures or currency - fear will create problems for the trader until he takes control of him.
