forexminded
Feb 04, 2021からメンバー
35 投稿
Apr 30 2021 at 11:06
Greed never lets anybody stay in this game for a long time.
forexminded posted:It is the most dangerous thing for traders. They should avoid greed while trading.
Greed never lets anybody stay in this game for a long time.
Greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.
SofieAndreasen
Jul 23, 2020からメンバー
759 投稿
Jun 08 2021 at 10:11
I also agree. Greed is the root of all evil in trading.
I absolutely agree that greed is a big poison. It prevents so many traders to trade profitably. I know two big problems in trading. The first is fear and the second is greed. If you manage to cope with two common vices, you can become a successful trader.
miguelcaron
Oct 29, 2021からメンバー
70 投稿
Mar 03 2022 at 03:58
It’s important to know that being greedy won’t do any good to you. If you want to really make it in your trading career, you have to make sure that you trade only when it is needed. Not any time that seems to be a good time just because you want to make money.
ceceliagreerr
Jan 20, 2022からメンバー
31 投稿
Mar 11 2022 at 04:52
Greed is the most poisonous weapon while trading in the forex market as if not controlled and monitored, it can lead to unnecessary irrational trading decisions in forms of overtrading and overleveraging etc. which leads to vast amounts of losses.
Traders become greedy by looking at forex because of endless earning opportunities. Also, at the same time, they underestimate the risk and potential losses that trading recklessly could lead to. To avoid the latter, they need to act rationally and get the right education before taking any steps.
I think it's a fine balance. If greed keeps you in a trade too long when everything is telling your to get out then of course it leads to loss. Equally I think that there is a psychological issue we face as traders where some will feel 'unworthy' of making a certain amount of money and will cut trades short from fear that 'that's enough'. Let the markets tell you when that is enough and you will likely strike the balance.
If you can't spot the liquidity then you are the liquidity.
Nathan_Han001
Jun 21, 2021からメンバー
24 投稿
Mar 15 2022 at 07:58
Greed is deep rooted in trader's DNA. To control that a trader should first control the emotions, it won’t be possible to trade the market with rational logic.
Tradelist45
Jun 26, 2020からメンバー
327 投稿
Mar 17 2022 at 10:23
Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.
Harshelgibbs
Oct 29, 2020からメンバー
18 投稿
Mar 18 2022 at 03:42
Be it forex trading or normal life, greed is a dangerous emotion that can make you do wrong things. So, better control it before it starts hampering your trading decisions.
Traders, if you want to become successful and stay in the long run, you must forget the concept of making money fast. Plan to manage risk, avoid over trading, and never do anything that is not mentioned in your trading plan.
Traders should avoid trading with emotions, be it greed or poison, as it won’t bode well for them. Trading should be done with strategies because only then, they will be able to make profitable trades or manage losses.
To some extent, we have all been greedy because that’s why we came into the forex market. We all thought of making money. In fact, that’s what we work for day and night. But when greed becomes the sole reason for you to open and close trades, it becomes dangerous. Greed should not blur your trading decisions to an extent that you start overlooking other factors.
Zander09Arie
Jan 13, 2022からメンバー
18 投稿
Apr 07 2022 at 08:33
Greed is indeed poison. Been there done that
It’s all about controlling your greed so that it doesn’t become a part of your trading decisions. Just know when to trade, how much to put at risk, and when to exit the market. Don’t make any decisions out of greed as they may prove harmful for your growing trading account.