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Greed is poison

Apr 05, 2020 at 01:19
3,430 Angesehen
74 Replies
Mitglied seit Jul 19, 2020   788 Posts
Aug 13, 2020 at 14:58
Positive Mindset Helps to Profit in Trading. Greed can ruin a trading career. From my experience, when I came to new trading, I wanted to earn a lot of money, so I would face losses by over-trading. Here I have indulged my greed and made a lot of losses. So there is no need to be greed. Greed destroys people. And if you want to trade, you must give up greed. To be greedy in trading means to bring your danger. So to give up greed by keeping a positive mindset.
Mitglied seit Jun 05, 2020   33 Posts
Aug 17, 2020 at 06:29
Greed is something, which if creeps in your trades, can make you bear huge losses and empty your account in no time. One should be careful in handling emotions and trading out of practicality and logic.
Mitglied seit Aug 14, 2020   40 Posts
Aug 17, 2020 at 11:06
Specially new traders and their accounts suffer a lot because of greed.
Mitglied seit Aug 17, 2020   8 Posts
Aug 17, 2020 at 20:13
Greed is bad always and it is really important to get rid of it.
Mitglied seit Jul 20, 2020   341 Posts
Aug 26, 2020 at 19:26
Yes, Greed is poison for forex trading. You can lose all your money if you have greedy nature on you.
Mitglied seit Dec 06, 2019   19 Posts
Sep 03, 2020 at 16:32
I fully agree that greed is one of the main fundamental problems for a trader. It is very important to learn how to control and discipline yourself. If you do not control your emotions, it will lead to stupid losses. To avoid this, you need to build the right trading strategy and properly manage risks.
Mitglied seit Jul 19, 2020   318 Posts
Oct 28, 2020 at 18:12
greed is the most dangerous thing in the forex market. Many traders lose their investment because of their greedy nature.
Mitglied seit Apr 28, 2020   52 Posts
Oct 30, 2020 at 07:31
I know greed is one of the most dangerous thing in forex. We have to set boundaries as to when to trade and when not to to avoid greed.
Mitglied seit Jan 21, 2021   48 Posts
Feb 03, 2021 at 11:39
100% TRUE, too much desire to obtain more money from trading is a poison.
This makes you to over trade by choosing impractical trading strategies and
may lose a huge amount. Avoid gambling, the forex trading doesn’t work like that.
Mitglied seit Feb 04, 2021   31 Posts
Feb 09, 2021 at 08:07
Greed is that poison which will ruin the trading. It is necessary for everyone to not do overtrading in the urge of making maximum profits.

Mitglied seit Jul 04, 2020   22 Posts
Feb 09, 2021 at 10:59
For attaining any sort of success in forex, it is mandatory that a trader keeps away from any kind of greed or emotion. These are the things that can lead a trader closer to losses and failure.
Mitglied seit Aug 07, 2020   75 Posts
Feb 09, 2021 at 12:56
Those who are working on their development do not want to be successful in trading, but they do not try to fight greed, because they understand how unsafe it is.
Mitglied seit Dec 11, 2020   110 Posts
Apr 29, 2021 at 10:01
People tend to become more greedier the moment they are able to make consistent profit. So it is very important that they control in that aspect to prevent it overtaking in their trading
Mitglied seit Aug 26, 2020   78 Posts
Apr 30, 2021 at 08:05
Indeed, it is, receives a reward, ours goes beyond all boundaries.
Mitglied seit Feb 04, 2021   35 Posts
Apr 30, 2021 at 11:06
Greed never lets anybody stay in this game for a long time.
Mitglied seit Jul 19, 2020   751 Posts
Jun 03, 2021 at 07:07
Greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.
Mitglied seit Jul 23, 2020   759 Posts
Jun 08, 2021 at 10:11
I also agree. Greed is the root of all evil in trading.
Mitglied seit May 24, 2021   11 Posts
Feb 16, 2022 at 11:50
I absolutely agree that greed is a big poison. It prevents so many traders to trade profitably. I know two big problems in trading. The first is fear and the second is greed. If you manage to cope with two common vices, you can become a successful trader.
Mitglied seit Oct 29, 2021   70 Posts
Mar 03, 2022 at 03:58
It’s important to know that being greedy won’t do any good to you. If you want to really make it in your trading career, you have to make sure that you trade only when it is needed. Not any time that seems to be a good time just because you want to make money.
Mitglied seit Dec 21, 2020   36 Posts
Mar 03, 2022 at 11:44
We all have been greedy once, don't we?
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