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Greed is poison
Miembro desde Jan 20, 2022
posts 31
Mar 11, 2022 at 04:52
Miembro desde Jan 20, 2022
posts 31
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.
Mar 11, 2022 at 07:38
Miembro desde Feb 18, 2022
posts 15
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.
Miembro desde Apr 09, 2019
posts 538
Mar 11, 2022 at 09:42
Miembro desde Apr 09, 2019
posts 538
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
Miembro desde Jun 26, 2020
posts 327
Miembro desde Oct 29, 2020
posts 18
Apr 07, 2022 at 04:29
Miembro desde Mar 22, 2022
posts 25
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 12, 2022 at 06:40
Miembro desde Mar 23, 2022
posts 26
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.
Apr 14, 2022 at 06:59
Miembro desde Mar 21, 2022
posts 47
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 178
Apr 15, 2022 at 06:23
Miembro desde Apr 04, 2022
posts 25
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.
Miembro desde May 31, 2021
posts 35
May 18, 2022 at 17:20
Miembro desde May 25, 2020
posts 20
Greed is an enemy of people. Actually, in trading this thing reveals itself even more. Traders can't understand that greediness ruin their trading activity, they try to reach as much as they can, but they should understand that greediness NEVER led to something positive. I personally don't know any situation when greediness helped me a lot. It only brought bunch of harm to me and my friends. Hence I suppose that if traders would learn how to avoid greediness and when they start to understand where to STOP.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
May 20, 2022 at 03:52
Miembro desde Mar 11, 2022
posts 51
shortant posted:Any emotion, especially greed, inhibits the decision making power of a trader which results in making wrong trading decisions.
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.
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