Yes, greed can be your biggest enemy in forex trading. If you are not able to slow your pace and think well before making a decision you will most likely end up making a wrong move if you allow greedy feelings to lead the way. You need to pur emotions at bay and focus on a realistic and complete analysis as much as you can.
mab8 posted: Yes, greed can be your biggest enemy in forex trading. If you are not able to slow your pace and think well before making a decision you will most likely end up making a wrong move if you allow greedy feelings to lead the way. You need to pur emotions at bay and focus on a realistic and complete analysis as much as you can.
If there is greed in any matter, nothing good can be expected from him. Greed is the most harmful emotion in trading. Which can create many problems to survive in trading.
Greed will do you no good, everybody knows it, however, it becomes vivid when a greedy person deals with financial operations. If you try to get more than it it possible, you'll definetely fail sooner or later. So, what oyu need to do is to listen to your common sense and do your best to hedge the risks even psychological ones.
I think it majorly depends upon a trader's goals . We see traders who have long term goals succeed more often than those who have short term goals. This is because the majority of traders that have short term goals are driven by greed to make quick big bucks which never ends up in their favour, rather they lose most of their money in a couple of days.
Greed is a very bad thing, We do our harm by being greedy and greed is present in all of us, but we have to control it. All people try to be tempted to be a business or any work and want to succeed quickly, but it is a wrong decision, all those people should always work in the forex business until the crown today, watch out for hurry. Online business requires us to work slowly and not too fast. Hurrying hurts and greed is a bad thing.
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