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Greed is a common feeling experienced by traders both new and existing I believe. Once you lose control, greed is what follows and its results are always unfavourable. So we have to be disciplined and avoid greed for being successful.
Shelby10 posted: New traders are always try to make money quickly. Because of that, they make wrong decisions and lose their money.
Exactly. The problem is that they do not grasp concept of the trading psychology and the moment they made a profit in one trade, resulting the ever increasing adrenaline rush making them to trade in hoping to make another profit. But alas, that is just a greed and you will be losing money.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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