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Beginners Greed
Membre depuis May 01, 2021
posts 1
May 01, 2021 at 19:35
i am totally beginner and i have much greed , please the traders help me by your valuable suggestion , thank you
Membre depuis Jun 26, 2020
posts 323
May 02, 2021 at 08:13
most welcome in this community , you are very young , i hope you will enjoy the environment with great level of learning. happy trading and good luck. just feel free to ask any question you need to know
Membre depuis Mar 17, 2021
posts 494
Jun 07, 2021 at 05:53
Masakajja06 posted:
i am totally beginner and i have much greed , please the traders help me by your valuable suggestion , thank you
You have to control your greed. You have to take all the decisions wisely.
Jun 07, 2021 at 07:09
There is some misconception among new traders. They think within 3 to 6 months they can be enough skilled to make to money by trading. They are not willing to give time in learning. They are in hurry. As a result they lose years after years. And what they learn? Nothing!
Sep 08, 2021 at 00:42
Yes greedy is an enemy that comes from own selves, this is dangerous in trading forex because the risk in forex is so high, if make a comparison between risk and potential return, is about risk higher one percent because cost spread broker, so choosing a broker that offers low spread us more preferable and also choosing pair that low spread is giving more advantage
Membre depuis Aug 10, 2021
posts 172
Sep 08, 2021 at 01:06
Greed is very bad for every trader and beginner because forex trading is a greedy and risky business, so if you want to be successful or earn profit in forex trading market, you must control emotions and greed so that you can earn more profits quickly.
Membre depuis Aug 05, 2021
posts 394
Sep 08, 2021 at 01:59
It’s difficult to not feel greedy, although I always lean more towards anxiety, which kind of keeps me grounded because I don’t want to risk as much. Either way I think it’s necessary for traders to learn how to be as emotionless as possible.
Sep 09, 2021 at 18:48
Greediness is inherent to beginners mainly because they don't know in details how does the mechanism of trading work, so that's why they always waste lots of money and decide that they can't be successful in this activity. I believe that it's the very first mistake of traders. You should always trust yourself and believe in yourself. Emotions is also the same problem as greediness, because novices neglect emotions control just because they don't believe that it matters in trading. So, in my opinion, traders, who want to start trading activity, should always be acuinted with fundamental trading tips.
Membre depuis Jun 14, 2021
posts 27
Sep 13, 2021 at 08:07
Greed is the biggest enemy of a trader and it is very important to control this visceral emotion. Greed often incites a trader to over trade. I believe that the traders who are able to stick to their trading plan are less prone to suffer greediness.
Sep 14, 2021 at 00:21
Greedy is like an enemy that appears from own minds, usually, traders want to make big profits in a short time by increasing lot size, or open multiple orders without pay attention to the risk involved, usually, the result of greed only will leading trader fall in regret, because often greedy making big loss in trading and if faced stop out account hence will losing opportunity to make new trades
Membre depuis Jul 20, 2020
posts 385
Sep 14, 2021 at 06:53
FXOday posted:
Greedy is like an enemy that appears from own minds, usually, traders want to make big profits in a short time by increasing lot size, or open multiple orders without pay attention to the risk involved, usually, the result of greed only will leading trader fall in regret, because often greedy making big loss in trading and if faced stop out account hence will losing opportunity to make new trades
So true. Like so many people have been up 10/20% and they want it all and they want it all yesterday instead of being happy. Thats why a small account is harder to trade because the gains are small like 50/100/200 when the trader wants 1/2/10k profit
Sep 14, 2021 at 11:02
CraigMcG2020 posted:FXOday posted:
Greedy is like an enemy that appears from own minds, usually, traders want to make big profits in a short time by increasing lot size, or open multiple orders without pay attention to the risk involved, usually, the result of greed only will leading trader fall in regret, because often greedy making big loss in trading and if faced stop out account hence will losing opportunity to make new trades
So true. Like so many people have been up 10/20% and they want it all and they want it all yesterday instead of being happy. Thats why a small account is harder to trade because the gains are small like 50/100/200 when the trader wants 1/2/10k profit
This type of mentality that some traders have had will not be useful in future. You cannot expect to make $1k profit from $50, that is so unrealistic and unimaginable, unless by chance you got very lucky or market become easier to predict. That comes in very rarely.
Membre depuis May 27, 2021
posts 63
Sep 14, 2021 at 11:48
Human beings are such kind of creatures, when they achieve a certain good, they automatically want even more. But it should be understood that the combination of trading and traders’ psychological mistakes entails a number of dangers that in one way or another negatively affect traders' trading account.
Membre depuis Dec 11, 2020
posts 7
Sep 25, 2021 at 16:06
Greed is very harmful for making decisions and trading. I believe that the only way to eliminate emotional factor is to make trading strategy as objective and accurate as it is possible. Like if you decompose your decision making process into simple and objective steps, you will hardly experience any emotions during trading. It is something like solving equations where you deal with the numbers which can be called facts. Trading strategy should look like solving quadratic equations where you know what to do next in order to come up with the right decision.
