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Greed, the destruction
Nov 02, 2020 at 12:37
Membre depuis Jul 19, 2020
posts 298
I do consider greed as one of the reasons for loss. Truth be told, the vast majority come into forex with an unreasonable greedy expectation of being rich by overnight. They put more emphasis on making profit than aptitudes. They overlook that the aptitudes will bring cash. You need good study and practice to wind up noticeably skilled.
Membre depuis Jul 20, 2020
posts 298
Nov 03, 2020 at 01:57
Membre depuis Jul 20, 2020
posts 298
Most people join the trading world interested in making huge profits. Here their greed works in abundance. Greed destroys trading careers. Trading is not a money-making machine. Proper Money Management and Risk Rewards are required to earn a trading profit. It is not possible to survive in trading without trading with patience.
Nov 04, 2020 at 04:54
Membre depuis Oct 16, 2020
posts 137
Greed will lure you to places not meant for everybody. Trading requires knowledge, experience and skills. Without knowing risk management, you will end up losing everything. Be cautious and maintaining a trading journal so that you can learn from your mistakes.
Membre depuis Sep 12, 2017
posts 238
Membre depuis Mar 16, 2020
posts 54
forex_trader_1984295
Membre depuis Oct 22, 2020
posts 42
Nov 05, 2020 at 12:50
Membre depuis Oct 22, 2020
posts 42
If you want to be greedy, do it wisely and not foolishly. I do go greedy some times to make big profits, but use take outs if you want to risk, meaning if you want to maje 500 on account of 2000, you can risk max of $50 using cut outs, instead of exposing all your funds to the risk. You actually have to be a good money management trader to be able to apply the method I just wrote above.
Nov 06, 2020 at 18:27
Membre depuis Feb 05, 2019
posts 43
greed cannot be defeated or removed. This is the instinct that allowed our ancestors to survive. If you are greedy, then you have more food, you are better dressed and you have a better chance of surviving.
Unfortunately, greed is indestructible, but it can be controlled and used for good. But this is possible only with a very good professional knowledge of trade.
G - guaranteed
R - rapid
E - entire
E - equity
D - destruction
Unfortunately, greed is indestructible, but it can be controlled and used for good. But this is possible only with a very good professional knowledge of trade.
G - guaranteed
R - rapid
E - entire
E - equity
D - destruction
my experience is my profit
Membre depuis Jul 23, 2020
posts 869
Membre depuis Jul 23, 2020
posts 759
Membre depuis Nov 23, 2021
posts 34
Dec 15, 2021 at 13:26
Membre depuis Nov 23, 2021
posts 34
Even though making money is the primary reason why many join forex, this approach can lead to big losses if it is too impractical and overseen with greed. Trading requires a set of skills—the knowledge of technical & fundamental analysis, psychology, risk and money management, and statistical maths; it takes months to years to develop these skills. Trading gives results only when you are consistent.
Membre depuis Jul 20, 2020
posts 399
Dec 15, 2021 at 16:57
Membre depuis Jul 20, 2020
posts 399
LucianVince posted:
Even though making money is the primary reason why many join forex, this approach can lead to big losses if it is too impractical and overseen with greed. Trading requires a set of skills—the knowledge of technical & fundamental analysis, psychology, risk and money management, and statistical maths; it takes months to years to develop these skills. Trading gives results only when you are consistent.
I would go as far as a few years. It really is a marathon not a sprint. There is no rush it is about taking things slowly and build each skill with time. Its important to cover every aspect and not to jump the gun so to speak
Membre depuis Jun 07, 2021
posts 72
Jan 25, 2022 at 07:17
Membre depuis Jun 07, 2021
posts 72
Greed is the reason why many traders fail. Traders should understand their emotions, good or bad, so they can implement the right strategies to win trades. All traders should use proper money management strategies to minimise loss, such as use of stop loss and take profit order, which can help you take decisions prompted by emotions like greed or fear.
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