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Greed is poison
Anggota Sejak May 13, 2022
34 pos
Anggota Sejak Aug 05, 2021
401 pos
Anggota Sejak Jul 19, 2022
24 pos
Aug 04, 2022 at 09:38
Anggota Sejak Jul 19, 2022
24 pos
Greed is surely harmful for traders and works like a slow poison. We don’t notice anything wrong until our account blows up. We just think more risk will give us more profits but forget about the losses and drawdown. Emotional control is surely the only antidote for this poison.
Anggota Sejak Aug 17, 2022
60 pos
Anggota Sejak Aug 17, 2022
39 pos
Anggota Sejak Aug 02, 2022
24 pos
Aug 25, 2022 at 09:41
Anggota Sejak Aug 02, 2022
24 pos
When you let greed control your foreign exchange trading emotions, you end up losing all discipline and making poor decisions. It feels good to win! However, the high from a string of successes in forex trading can fuel an insatiable appetite for wealth, leading to reckless overspending. In reality, being careless is one of the side effects of being overly greedy, which gives you a false sense of control and it is harmful.
Sep 03, 2022 at 13:15
Anggota Sejak Jul 22, 2020
23 pos
Certainly greed is bad for trading. I think it happens to all beginning traders. Unfortunately, it can lead to big losses. Something should be done about it.
Trader's success depends on trader's ability to stop in time.
I mean if a trader has earned any sum of money, he should stop, wait a certain period of time and then trade again. Of course it's better to do it the next day.
But there are often cases when a trader has earned money and wants more. He opens a deal, loses money... then he wants to get even and it goes on until he takes more losses.
Traders need to practice. To train their emotions.
Greed kills the deposit!
Trader's success depends on trader's ability to stop in time.
I mean if a trader has earned any sum of money, he should stop, wait a certain period of time and then trade again. Of course it's better to do it the next day.
But there are often cases when a trader has earned money and wants more. He opens a deal, loses money... then he wants to get even and it goes on until he takes more losses.
Traders need to practice. To train their emotions.
Greed kills the deposit!
Dec 09, 2022 at 09:43
Anggota Sejak May 24, 2022
17 pos
Greed in forex trading can make you go broke because you will be overspending your capital or trade at the wrong time to make more profits. It is important to develop your mindset and have a trader’s psychology in order to not lose just because of the mere reason of overwhelming emotions.
Dec 15, 2022 at 06:50
Anggota Sejak Mar 11, 2022
51 pos
Greed is a dangerous emotion that keeps pushing us to want more even when we don’t need it. Traders should be aware of how greed contributes to their losses while trading. Emotions like greed are the sole reason people get indulged in addiction, over-trading, etc which proves as poison for their trading career. Keep your thoughts from taking over. The more self-assured you are and the more methodical your approach is, the less room there is for greed.
Anggota Sejak Nov 29, 2022
40 pos
Dec 28, 2022 at 06:29
Anggota Sejak Nov 29, 2022
40 pos
Too much greed can lead to impulsive or risky decisions. Moreover, when traders are driven by greed, you may be more likely to take on excessive risk or to ignore potential warning signs in the market. This can increase the chances of losing money, and can ultimately undermine the long-term success of a trading strategy.
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