Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.
Forex trading is no doubt a lifestyle Changing business you have to be very patient and keep an eye on the market conditions
Revenue is vanity, profit is sanity, but cash is king
I agree. On has to completely become a disciplined and patient person, if you want to excel in forex trading. Emotions are your greatest enemy, so you have to keep it at bay.
Nov 19 2019 at 09:54
People always talk abouth emotions this and that feelings, i tell you somethink, greed can be manage best with correct money management. For example a correct money management is to use maximal 2.5 lot on a trade with account size like 120k. Or a lotsize like 0.1 lot on a 10K account. That will already help to control greed, without doing yoga or meditation or whatever thinks people always tell, just follow correct money management.
In trading business traders are always trying to get maximum profits its natural even greed is also natural emotion but a trader must be very realistic and this thing you can learn by experience and practice that at what point you have to stay and where you have to move forward to avoid the possible risk as greed sometimes takes towards big loss
Revenue is vanity, profit is sanity, but cash is king
Baazex posted:
In trading business traders are always trying to get maximum profits its natural even greed is also natural emotion but a trader must be very realistic and this thing you can learn by experience and practice that at what point you have to stay and where you have to move forward to avoid the possible risk as greed sometimes takes towards big loss
We should understand our own trading quality first; expecting unrealistic profit would be very dangerous; traders need to set their trading targets based on their live trading performances!
greed can be controlled
only by means of self development of attitude,
otherwise no way
only by means of self development of attitude,
otherwise no way
Greed is the worst feeling that must be removed. Even the best trader and strategy can be destroyed by greed.
Dec 15 2019 at 22:55
What is greed?. We want return and we want it safe. Is expecting a 10% per month with maximum 25% DD greed? We need to quantify it.
Dec 16 2019 at 08:08
Greed is one of the biggest enemies that have to be eliminated. It is one of the parts of emotion that can cause losses in your trading. A new trader should learn how to tackle that and other negative aspects of emotions before starting with a real account.
