Greed is when your expectation

Greed is the root cause of destruction in trading. It leads traders to the path of over trading. From where it's difficult to come back. Very few people can come back.

Greed is most destructive nature. It destroys everything. You can not have success with greed. You need knowledge and skills.

Greed is one of the primary reasons why new forex traders fail. They want to make quick bucks and in the end lose what they even had in the first place.

IMO greed is not always high expectations. Perhaps this is just folly, not greed.
Greed is a violation of trading rules and a plan in pursuit of unjustified profits. In other words, it is an excess of possible risks to get more profit.

UweMoench posted:
Greed is the root cause of destruction in trading. It leads traders to the path of over trading. From where it's difficult to come back. Very few people can come back.

Psychology must be controlled first. There is no guarantee of profit if you trade out of greed. And the amount of loss increases. You have to trade with a combination of fundamental, technical and sentimental.

I think greedy is the most enemy for trader, although trade has long experience in trading always greedy, it will fail at a certain time because market very dynamic and no exact prediction will always accurate, greedy usually appear when trader over confident or he in bad emotion control.

I can’t agree more with OP. Greed is about having highly unrealistic expectations which blinds you to the negative outcomes of the trade. Greed forces you to over-trade and wait for your profits to run when it clearly shows that you should exit. You should only expect as much as you are capable of achieving. It keeps you grounded. I write down my goals in my trading plan which is like a benchmark for me and reminds me not to over expect.

Greed and fear are two most dangerous foes for the trader on their way to success and reaping profits. Emotional side of trading is something which makes people worse in trading than trading bots. Emotions always interfere in our logic and common sense, but trading is not about feeling, but it is all about thinkng, Greed usually comes when the trader thinks too much of themselves and their trading strategy. They feel that they understand the market and can predict t fully with high accuracy. That is a very misleading thing as sooner or later a trader will lose decent amount of money because of such self-esteem. So, if you start thinking that you understand the market, make a pause and think once more.

Greed leads us to risk more than what we could actually afford, and can sometimes lead to blowing up the account.

greed is when your expectation is greater than your ability

Trading with greed can be one of the biggest mistakes you make in Forex. When your expectation is to make a lot of money very quickly, it can lead to making bad decisions with your trading.

It is a good thing that greed is being discussed. I think an important thing that can be done here to tackle greed is to set a goal. Changing the focus from increasing the amount of money to increasing the amount of profitable trades is going to help a lot.