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Greed, the destruction
Miembro desde Jul 20, 2020
posts 399
Jan 25, 2022 at 08:19
Miembro desde Jul 20, 2020
posts 399
croisssan posted:
Self-doubt can really kill all positive qualities in a trader. You need to be prepared for this.
Completely agree its about having that self belief and persistance that is really the bedrock of trading. Its the only way to handle the inevitable losses
Jan 28, 2022 at 04:35
Miembro desde Jan 18, 2022
posts 20
Greed is harmful not only in forex trading but in general too. Most people join forex with a greed to make money and some are very eager to do it as quickly as they can. But unfortunately these people lose their money in forex trading. The reason for loss is investing in forex without the required knowledge.
Miembro desde Aug 05, 2021
posts 401
Feb 02, 2022 at 18:03
Miembro desde Aug 05, 2021
posts 401
Very true. I kind of had the opposite problem because I struggled with anxiety in the beginning, but I see a lot of beginners that are looking to rush into it wanting to take big risks and get big rewards. A lot of them quit when they realize how much goes into it out of laziness.
Miembro desde Jun 21, 2021
posts 33
Miembro desde Aug 10, 2021
posts 178
Feb 08, 2022 at 02:02
Miembro desde Aug 10, 2021
posts 178
I believe that when we trade with greed we will lose control of our trading, along with fear, of course. You will lose your account if you do both. It is extremely important to control your greed, that's why we can make more profit in forex ..Trading in forex, it is not good to be greedy.
Miembro desde Feb 16, 2022
posts 119
Feb 25, 2022 at 14:46
Miembro desde Feb 16, 2022
posts 119
Michihito posted:I have a solution, basically I have a fixed money management plan , so I don’t take any aggressive trade position right now! Generally it’s not easy to control greed & emotions during the trading time!
I do consider greed as one of the reasons for loss. Truth be told, the vast majority come into forex with an unreasonable greedy expectation of being rich by overnight. They put more emphasis on making profit than aptitudes. They overlook that the aptitudes will bring cash. You need good study and practice to wind up noticeably skilled.
Miembro desde Feb 16, 2022
posts 63
Mar 19, 2022 at 07:57
Miembro desde Feb 16, 2022
posts 63
Yes, another name of greed is destruction because greed razes down a trader’s career. Every investment is valuable to traders and so traders should be careful about handling their investment. Proper money management and risk management should be managed to flourish one’s trading. But, we see these tendencies are absent among traders.
Miembro desde Jul 20, 2020
posts 399
Mar 19, 2022 at 15:42
Miembro desde Jul 20, 2020
posts 399
Tilokvarma posted:
Yes, another name of greed is destruction because greed razes down a trader’s career. Every investment is valuable to traders and so traders should be careful about handling their investment. Proper money management and risk management should be managed to flourish one’s trading. But, we see these tendencies are absent among traders.
So true its when traders overleverage or try to make much more than their plan allows it gives to major issues and eventually a downfall
Mar 22, 2022 at 05:12
Miembro desde Mar 11, 2022
posts 51
Greed is one of the most dangerous emotions that traders experience in trading. Traders should trade with consistency and have stringent trading rules to overcome greed. That may include overleveraging and finding methods to stay focused in trading.
Miembro desde Jul 23, 2020
posts 869
Mar 22, 2022 at 14:37
Miembro desde Jul 23, 2020
posts 869
LeviSievwright5 posted:You are absolutely right, money management is such an important parameter here; no way to ignore this rule! I see, almost all of the pro traders follow the MM rule so tightly! That’s why they don’t face such a big crash in their live trading!
Most people join the trading world interested in making huge profits. Here their greed works in abundance. Greed destroys trading careers. Trading is not a money-making machine. Proper Money Management and Risk Rewards are required to earn a trading profit. It is not possible to survive in trading without trading with patience.
Mar 22, 2022 at 23:45
Miembro desde Apr 03, 2021
posts 470
Although forex trading can make a big profit in a short time with greed, trading high risk-taking is highly risky, not recommended to become greedy in trading, because forex trading is about how to manage money to make money, greed like as disastrous in trading, it will never last long.
Mar 23, 2022 at 03:58
Miembro desde Feb 15, 2022
posts 219
Do you yield to greed? Then come out of it at the soonest because it destroys the dream of a trader. It is the worst part of a person’s nature. Forex and greed cannot be juxtaposed. Try demo trading and check different indicators. Thus you will be able to generate a strategy that can make you profitable.
Miembro desde Nov 06, 2018
posts 83
Mar 23, 2022 at 09:37
Miembro desde Nov 06, 2018
posts 83
Michihito posted:Yep for sure.
I do consider greed as one of the reasons for loss. Truth be told, the vast majority come into forex with an unreasonable greedy expectation of being rich by overnight. They put more emphasis on making profit than aptitudes. They overlook that the aptitudes will bring cash. You need good study and practice to wind up noticeably skilled.
Holding a trade for too long (and it coming back to a loss or breakeven), or over leveraging. A lot of people fall for it.
Miembro desde Feb 16, 2022
posts 63
Mar 23, 2022 at 16:39
Miembro desde Feb 16, 2022
posts 63
perryjohn765 posted:So true, I know a trader who used such a high risk reward ratios in his trading; he almost lost 20K and till now he is following that dangerous way! There is no sustainable way to test your luck!
greed is common amongst the newbies due to which they end up in losses.
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