Beginners Greed

Beginners cannot cope with the emotions which they experience during trading. It requires some experience and skills to stay away from psychology and turn to common sense. That is why it is better for the beginners to start trading microlots and avoid risking your whole trading budget.

Actually, as human nature, as greedy not only beginners but experienced traders also possible appear greedy on their minds, especially when they look the confidence analysis, will increase lot size because they sure will obtain profit, but what happen the market is dynamic, one tick changes will make all plan messed up when greedy trading.

If you understand psychology and money management, forex can become much easier for you. It’s greed that makes us impatient and take risky decisions, whose outcomes make us the part of the 96% traders who lose money.

It’s not the fault of new traders to feel greedy at the beginning of their career. Most of us get to know about forex trading through a highly unrealistic ad showing the success story of a really profitable trader. While they show all the good things to attract new traders, they hide the hard work, years of failure and unwavering will power that is required to make it to that level. New traders think that if someone else can do this, it must be easy and they can do it too. It’s only the personal experience that uncovers the reality.

Sometimes its seen that traders when they get a huge profit suddenely they are trapped with greed and like that they can demolish the trading career instead of success.

Coming into trading with realistic expecations also helps to reduce greed and pressure on it to make life changing money.

Greed is only one emotion which is experienced by a newbie on the market, unfortunately. Beginners are bad at controlling their feelings during the trading session because they should learn how to work with their own psychology.