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Beginners Greed
Sep 25, 2019 at 14:37
Roberto21 posted:
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.
Not only trading practice but also mediation; even I see meditation helps me a lot than the trading practice especially in this case!
Membre depuis Aug 27, 2017
posts 875
Sep 29, 2019 at 12:27
AniLorak posted:Roberto21 posted:
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.
Not only trading practice but also mediation; even I see meditation helps me a lot than the trading practice especially in this case!
What’s the process of your meditation? Can you please explain?
keeping patience.......
Oct 24, 2019 at 09:48
Roberto21 posted:
most of the traders become addicted for bringing profit very rapidly , its a main problem , they should addicted to learn Forex that can make more profit from trading.
True, that is where most beginners are lacking today. They just want quick returns without any hard work.
Membre depuis Mar 03, 2019
posts 57
Nov 08, 2019 at 16:06
yes i agree, too many advertise Forex on Social media claiming it will make them rich overnight.
Membre depuis Mar 03, 2019
posts 57
Nov 10, 2019 at 09:39
Roberto21 posted:100% correct
most of the traders become addicted for bringing profit very rapidly , its a main problem , they should addicted to learn Forex that can make more profit from trading.
Membre depuis Jan 05, 2016
posts 1097
Nov 11, 2019 at 00:26
FirstHero posted:
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.
Trading on emotions causes things such as revenge trading and over trading in general and blown accounts.
Focus on Risk Management as the #1 priority above all else when it comes to investing.
If a person has a problem suppressing their emotions, then they should AUTOMATE those systems that are impacted by the emotions of the trader.
Emotions have NO PLACE in trading.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Nov 14, 2019 at 13:32
Market research is needful to make wise trading decisions and constant practice and learning will lead you to achieve the desired goals in trading business sometimes greed effect the trader as result of loss as well.
Revenue is vanity, profit is sanity, but cash is king
Membre depuis Nov 06, 2019
posts 45
Nov 14, 2019 at 13:48
It’s hard to get out of the gambling mentality when starting out. Just takes time :) I used to blow accounts all the time 5 years ago :p
Winning...
Nov 15, 2019 at 11:09
Smith88 posted:steveday1976 posted:
yes i agree, too many advertise Forex on Social media claiming it will make them rich overnight.
Beginners get charmed by these advertisements. I don’t even understand why people would run after such.
That’s for the basic reason that they want quick money and the offers that these scammers throw definitely make you see huge earning potentials in there. Beginners just get trapped because they think that they will really be able to make money with them.
Membre depuis Nov 25, 2019
posts 9
Nov 29, 2019 at 09:36
Greed often leads to losses. Hedge fund manager will by happy with 10% per year but newbie trader wants 10% per day!!! No wonder they lose
Membre depuis Aug 27, 2017
posts 875
Nov 29, 2019 at 13:24
saturdayresearch posted:
Greed often leads to losses. Hedge fund manager will by happy with 10% per year but newbie trader wants 10% per day!!! No wonder they lose
Good point; unrealistic trading targets leading the account damage issue! Many traders are targeting unrealistic profit in their trading.
keeping patience.......
Dec 04, 2019 at 10:21
orex trading is no doubt a lifestyle Changing business you have to be very patient and keep an eye on the market conditions greed is a human nature but usually new traders have greed because lack of experience
Revenue is vanity, profit is sanity, but cash is king
Membre depuis Nov 09, 2018
posts 204
Dec 04, 2019 at 12:29
FirstHero posted:
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.
The first reply I read on this thread and that's what I agree with!
Never suppress emotions. This applies not only to trading. As soon as you try to suppress your emotions, your problems will begin much more seriously than greed, because these will be subconscious complexes and blocks. Unraveling these nodes will be very difficult. Learning to manage is the right way and the only way to successful trading without the influence of an emotional background. Various exercises (use google) will help you come to a state of calm and maintain it. Our emotional background is closely related to the physical body. Therefore, it is also important to monitor your health. Moreover, sometimes a lot of help is just discussion and communication.
#AnthonyWins
Dec 05, 2019 at 11:36
Baazex posted:
orex trading is no doubt a lifestyle Changing business you have to be very patient and keep an eye on the market conditions greed is a human nature but usually new traders have greed because lack of experience
No offense to what you said, but I have seen many experienced traders too, giving in to greed while trading. That’s a very difficult emotion to handle and its not only the beginners who face an issue while dealing with it.
Membre depuis Mar 18, 2019
posts 97
Dec 05, 2019 at 13:22
Baazex posted:
orex trading is no doubt a lifestyle Changing business you have to be very patient and keep an eye on the market conditions greed is a human nature but usually new traders have greed because lack of experience
well said. a lot of people dont even take the time to master strategies on demo before diving in. never ends well.
Dec 07, 2019 at 15:23
It seems to me that greed is not so bad, especially when it comes to greed for knowledge. Although if you want a lot of money, it's also a normal desire. Another thing is that many people in the pursuit of financial achievements forget about the basic rules of trading and it leads to losses. No matter what happens, you should follow the rules in this business. And any risk you choose for yourself should be justified, otherwise you risk being in an unpleasant situation. Moreover, even the first loss can lead to the fact that a person is basically disappointed in this business and just does not want to continue. Therefore, you should avoid such mistakes and try to keep statistics, which will show what kind of profit you can count on and how to act to ensure a stable income, but without chasing the golden mountains.
