Jul 29 2021 at 11:19
the most thing is to control greed if that does not happen i believe a trader cannot be successful
Yes, greed can be your biggest enemy in forex trading. If you are not able to slow your pace and think well before making a decision you will most likely end up making a wrong move if you allow greedy feelings to lead the way. You need to pur emotions at bay and focus on a realistic and complete analysis as much as you can.
mab8 posted:If there is greed in any matter, nothing good can be expected from him. Greed is the most harmful emotion in trading. Which can create many problems to survive in trading.
Yes, greed can be your biggest enemy in forex trading. If you are not able to slow your pace and think well before making a decision you will most likely end up making a wrong move if you allow greedy feelings to lead the way. You need to pur emotions at bay and focus on a realistic and complete analysis as much as you can.
For a trader, emotions are a very negative fact. In fact, it is worth paying attention to in order not to get an unpleasant result.
Very few traders can control greed. It is not a cup of tea for all traders. It needs right education and prarice to control greed in trading.
Greed will do you no good, everybody knows it, however, it becomes vivid when a greedy person deals with financial operations. If you try to get more than it it possible, you'll definetely fail sooner or later. So, what oyu need to do is to listen to your common sense and do your best to hedge the risks even psychological ones.
In order to protect yourself from large and unforeseen risks, it is best to prescribe a program plan in advance and work on it.
@Garrian Yes greed is the most destructive feeling in trading but people can't resist them from being greedy. That's why discipline is very important in trading.
I think it majorly depends upon a trader's goals . We see traders who have long term goals succeed more often than those who have short term goals. This is because the majority of traders that have short term goals are driven by greed to make quick big bucks which never ends up in their favour, rather they lose most of their money in a couple of days.
Sep 03 2021 at 03:56
Greed is a very bad thing, We do our harm by being greedy and greed is present in all of us, but we have to control it. All people try to be tempted to be a business or any work and want to succeed quickly, but it is a wrong decision, all those people should always work in the forex business until the crown today, watch out for hurry. Online business requires us to work slowly and not too fast. Hurrying hurts and greed is a bad thing.
Greed is one of the worst enemies. However, a trader with proper money management, discipline does not have a chance to be greedy. I assume as time goes by a trader with his experience gets less greedy.
Sep 03 2021 at 06:57
sharabela posted:
Greed is one of the worst enemies. However, a trader with proper money management, discipline does not have a chance to be greedy. I assume as time goes by a trader with his experience gets less greedy.
I agree i think systematic approaches to trading and also risk management reduce the occurance of greed, fear of missing out etc. Its so key to be as robotic as possible and with good systems in place this is so much easier
Yes there is no alternative to systematic approach in forex trading. We can make consistent profit by following random approach. That's why we need to have good understanding of the market.
greed is generally an extra feature in any of your activities and in life in general, you need to get rid of it
Sep 06 2021 at 07:27
If greed is not checked at the right time, it may land a trader in some serious problems. Most of the traders end up over-trading out of greed. Therefore it is very important to prepare your mind. It is only our mind that prompts us to make money quickly. Therefore, it is good to strictly follow a trading plan so that you don’t deviate from your goals. It will save a trader from blowing up their account.
Sep 06 2021 at 07:39
from all bad human habit greed is the foremost which can make you loser from this trading place , so its more appropriate to control greed by making others good trading habit.
Sep 06 2021 at 10:15
AndrewMcCalam54 posted:Greed is also the foremost habit that drives us to succeed, especially with Forex. We all want to to be rich from Forex. No one does this just for fun
from all bad human habit greed is the foremost which can make you loser from this trading place , so its more appropriate to control greed by making others good trading habit.
controlling greed is a very good habit but you must have to pass a long time , otherwise this habit can make you loser.
grid is the tare of the society
