Greed is poison

Apr 05, 2020 at 01:19
74 Replies
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.
Biedrs kopš   15 ieraksti
Mar 11, 2022 at 07:38
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.
Biedrs kopš   538 ieraksti
Mar 11, 2022 at 09:42
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.
Mar 15, 2022 at 07:58 (labots 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.
Biedrs kopš   327 ieraksti
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.
Biedrs kopš   18 ieraksti
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.
Biedrs kopš   22 ieraksti
Mar 22, 2022 at 05:37
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.
Biedrs kopš   73 ieraksti
Mar 30, 2022 at 05:21
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.
Biedrs kopš   25 ieraksti
Apr 07, 2022 at 04:29
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.
Biedrs kopš   18 ieraksti
Apr 07, 2022 at 08:33
Greed is indeed poison. Been there done that
Biedrs kopš   26 ieraksti
Apr 12, 2022 at 06:40
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.
Biedrs kopš   18 ieraksti
Apr 12, 2022 at 10:22
In forex trading you need to be patient to the core if you want to have a successful trading career. Greed makes you lose your mind and you make decisions that are capable of ruining your entire forex trading career.
Biedrs kopš   47 ieraksti
Apr 14, 2022 at 06:59
Yes definitely, greed is equivalent to poison in the forex trading market. Greed yields nothing except losses. Traders, especially beginners, should always refrain themselves from greed if you want to be a successful trader. Forex trading requires a lot of knowledge, experience, and patience and if you’re looking for easy money and shortcuts then forex trading is not for you at all. Keep your greed aside and focus on learning, this is the best way to achieve success.
Apr 15, 2022 at 01:36
Trading the forex market with greed is always a bad idea. So it is better not to trade with greed. Because greed is the thing that will cause you to lose a lot of money.
Biedrs kopš   25 ieraksti
Apr 15, 2022 at 06:23
Greed is never a good friend if one wants to grow and succeed as a trader. But sadly, the forex market is full of greedy people rather than genuine strategic traders. Yes, we all are here for the money. But it should not be the sole goal when you decide to become a forex trader. There are plenty of other ideas to make money and that too avoiding all the risk elements that comes with forex. But if you decided to choose this path it should be out of the passion and joy of trading. If you treat trading like a money tree then you will never be able to prosper. You should keep the monetary aspect in your mind but moreover devote yourself to keep learning and acquiring new skills always.
Biedrs kopš   56 ieraksti
Apr 18, 2022 at 07:28
Yes, greed is poison in Forex trading. You must have a risk control method to stop yourself from doing irrational things. Remember trading is not a sprint, it's a marathon.
Biedrs kopš   35 ieraksti
Apr 19, 2022 at 06:15
In my opinion, greed is that poison that can ruin anyone's trading skills.
Biedrs kopš   20 ieraksti
May 18, 2022 at 17:20
Greed is an enemy of people. Actually, in trading this thing reveals itself even more. Traders can't understand that greediness ruin their trading activity, they try to reach as much as they can, but they should understand that greediness NEVER led to something positive. I personally don't know any situation when greediness helped me a lot. It only brought bunch of harm to me and my friends. Hence I suppose that if traders would learn how to avoid greediness and when they start to understand where to STOP.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
Biedrs kopš   51 ieraksti
May 20, 2022 at 03:52
shortant posted:
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.
Any emotion, especially greed, inhibits the decision making power of a trader which results in making wrong trading decisions.
Biedrs kopš   23 ieraksti
May 20, 2022 at 06:17
Greed, fear and anxiety are some of the emotions that you encounter while trading that can blow your account in no time.
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