Control your greed.

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.

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.

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.

AndrewMcCalam54 posted:
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.

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

grid is the tare of the society

Greed is a stumbling block in every business and in every human activity. This is sure to blow your budget when we talk about forex market. Only common sense should make decisions and no emotions are acceptable.

greed is the bigger drawback in trading. if you greed much that will goes over your brain and you will not be able to take right decision.

Greed always leads to losses in trading.

I kind of had the opposite problem being that my anxiety made me too hesitant to enter trades or I'd enter too late or pull out to early, which kept me from earning as much as I could have. Greed is definitely a big problem for forex traders and often leads us to keep risking, only to lose it all. It reminds me of when a gambler wins a big sum of money but continues playing and leaves with nothing. Playing it safe is more my style but I know a lot of traders that have made big mistakes getting greedy.

Forex trading need money management to manage the risk, greedy is not the answer for becoming rich from forex trading business, but it like a suicide account because greed will make worst emotion and bad psychology, although maybe work at certain time, but overall trading based greedy only will make failure

Unellene posted:

nick3232 posted:
grid is the tare of the society

and not only society, it comes from everyone personally

It is not socially from one's own personality. It is made from weak psychology.

Greed is an inherent human nature. In forex, greed can be extremely dangerous, especially for beginners.

Greed is what takes all traders down. In forex, we need to place calculated risks. Do not think about how much you can make from one trade, but how much you can lose from a trade. This mindset will help traders to take thoughtful steps.

Nakedize posted:
Greed is what takes all traders down. In forex, we need to place calculated risks. Do not think about how much you can make from one trade, but how much you can lose from a trade. This mindset will help traders to take thoughtful steps.

Exactly, greed is that poison that can kill someone's trading, once greed enters in your trading, you will only get losses.