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Greed is poison

Apr 05, 2020 at 01:19
Vistas 2,665
80 Replies
Miembro desde Jul 19, 2020   posts 751
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.
Miembro desde Jul 23, 2020   posts 759
Jun 08, 2021 at 10:11
I also agree. Greed is the root of all evil in trading.
Miembro desde May 24, 2021   posts 11
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.
Miembro desde Oct 29, 2021   posts 70
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.
Miembro desde Dec 21, 2020   posts 36
Mar 03, 2022 at 11:44
We all have been greedy once, don't we?
Miembro desde Jan 20, 2022   posts 31
Mar 11, 2022 at 04:52
Greed is the most poisonous weapon while trading in the forex market as if not controlled and monitored, it can lead to unnecessary irrational trading decisions in forms of overtrading and overleveraging etc. which leads to vast amounts of losses.
Miembro desde Feb 18, 2022   posts 15
Mar 11, 2022 at 07:38
Traders become greedy by looking at forex because of endless earning opportunities. Also, at the same time, they underestimate the risk and potential losses that trading recklessly could lead to. To avoid the latter, they need to act rationally and get the right education before taking any steps.
Seb King (sebking1986)
Miembro desde Apr 09, 2019   posts 538
Mar 11, 2022 at 09:42
I think it's a fine balance. If greed keeps you in a trade too long when everything is telling your to get out then of course it leads to loss. Equally I think that there is a psychological issue we face as traders where some will feel 'unworthy' of making a certain amount of money and will cut trades short from fear that 'that's enough'. Let the markets tell you when that is enough and you will likely strike the balance.
If you can't spot the liquidity then you are the liquidity.
Miembro desde Jun 21, 2021   posts 24
Mar 15, 2022 at 07:58 (editado Mar 15, 2022 at 07:58)
Greed is deep rooted in trader's DNA. To control that a trader should first control the emotions, it won’t be possible to trade the market with rational logic.
Miembro desde Jun 26, 2020   posts 327
Mar 17, 2022 at 10:23
Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.
Miembro desde Oct 29, 2020   posts 18
Mar 18, 2022 at 03:42
Be it forex trading or normal life, greed is a dangerous emotion that can make you do wrong things. So, better control it before it starts hampering your trading decisions.
Miembro desde Mar 11, 2022   posts 22
Mar 22, 2022 at 05:37
Traders, if you want to become successful and stay in the long run, you must forget the concept of making money fast. Plan to manage risk, avoid over trading, and never do anything that is not mentioned in your trading plan.
Miembro desde Nov 02, 2021   posts 73
Mar 30, 2022 at 05:21
Traders should avoid trading with emotions, be it greed or poison, as it won’t bode well for them. Trading should be done with strategies because only then, they will be able to make profitable trades or manage losses.
Miembro desde Mar 22, 2022   posts 25
Apr 07, 2022 at 04:29
To some extent, we have all been greedy because that’s why we came into the forex market. We all thought of making money. In fact, that’s what we work for day and night. But when greed becomes the sole reason for you to open and close trades, it becomes dangerous. Greed should not blur your trading decisions to an extent that you start overlooking other factors.
Miembro desde Jan 13, 2022   posts 18
Apr 07, 2022 at 08:33
Greed is indeed poison. Been there done that
Miembro desde Mar 23, 2022   posts 26
Apr 12, 2022 at 06:40
It’s all about controlling your greed so that it doesn’t become a part of your trading decisions. Just know when to trade, how much to put at risk, and when to exit the market. Don’t make any decisions out of greed as they may prove harmful for your growing trading account.
Miembro desde Mar 11, 2022   posts 18
Apr 12, 2022 at 10:22
In forex trading you need to be patient to the core if you want to have a successful trading career. Greed makes you lose your mind and you make decisions that are capable of ruining your entire forex trading career.
Miembro desde Mar 21, 2022   posts 47
Apr 14, 2022 at 06:59
Yes definitely, greed is equivalent to poison in the forex trading market. Greed yields nothing except losses. Traders, especially beginners, should always refrain themselves from greed if you want to be a successful trader. Forex trading requires a lot of knowledge, experience, and patience and if you’re looking for easy money and shortcuts then forex trading is not for you at all. Keep your greed aside and focus on learning, this is the best way to achieve success.
Miembro desde Aug 10, 2021   posts 176
Apr 15, 2022 at 01:36
Trading the forex market with greed is always a bad idea. So it is better not to trade with greed. Because greed is the thing that will cause you to lose a lot of money.
Miembro desde Apr 04, 2022   posts 25
Apr 15, 2022 at 06:23
Greed is never a good friend if one wants to grow and succeed as a trader. But sadly, the forex market is full of greedy people rather than genuine strategic traders. Yes, we all are here for the money. But it should not be the sole goal when you decide to become a forex trader. There are plenty of other ideas to make money and that too avoiding all the risk elements that comes with forex. But if you decided to choose this path it should be out of the passion and joy of trading. If you treat trading like a money tree then you will never be able to prosper. You should keep the monetary aspect in your mind but moreover devote yourself to keep learning and acquiring new skills always.
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