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Newcomers and their greediness

May 22, 2020 at 05:48
2,505 Views
74 Replies
Dec 14, 2020 at 05:30
Greed is certainly a tough emotion to conquer. In my experience beginner's greed diminishes as one acquires more knowledge and learns more about what profits are realistic and unrealistic.
Biedrs kopš   13 ieraksti
Dec 16, 2020 at 11:55
Greed is the biggest con if someone has to trade forex. They don’t go hand in hand at all and should be kept separate.
Biedrs kopš   19 ieraksti
Dec 17, 2020 at 11:22
Greediness is the biggest enemy of a trader.
Biedrs kopš   232 ieraksti
Dec 17, 2020 at 14:04
Greed is the most dangerous enemy for a trader. He should avoid greediness while he is trading if he wants to become a good and profitable trader.
Biedrs kopš   38 ieraksti
Dec 19, 2020 at 09:31
Brank_A posted:
Greediness is the biggest enemy of a trader.
Rightly said!
Biedrs kopš   13 ieraksti
Dec 21, 2020 at 09:39
The moment greed enters your trading cycle, risk increases manifold. Keeping such emotions away while trading is must.
Biedrs kopš   65 ieraksti
Dec 21, 2020 at 10:15
Greed makes us feel emotions that negatively affect trading, so this fact must be taken into account.
Biedrs kopš   37 ieraksti
Jan 12, 2021 at 08:53
Greed and emotions are two things every trader should stay away from while trading. They can ruin a prospective opportunity easily.
Sar John (Sarjohn)
Biedrs kopš   187 ieraksti
Jan 13, 2021 at 09:10
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes
Biedrs kopš   20 ieraksti
Feb 05, 2021 at 10:31
Yes, risk management is always a life saver for traders.
Biedrs kopš   31 ieraksti
Feb 11, 2021 at 12:34
Having a trading plan is one of the most helpful ways to manage the risks and capital in trading.
Biedrs kopš   536 ieraksti
Mar 19, 2021 at 06:50
I always recommend to new trader first trade in major pair. Don’t try other minor pair.
Biedrs kopš   38 ieraksti
Mar 19, 2021 at 08:39
It makes no sense to take a pair that is less popular, because you need to be able to work with it.
Apr 10, 2021 at 16:17
Hrenz posted:
It makes no sense to take a pair that is less popular, because you need to be able to work with it.
Traders prefer to trade with major pairs due to volatility issues. Also, there is a lot of information available regarding those pairs.
Elena Triston (ele020)
Biedrs kopš   219 ieraksti
Apr 15, 2021 at 05:12
Sarjohn posted:
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes
These are some really good tips... How long have you been trading?
The more your practice, the more you learn.
Biedrs kopš   785 ieraksti
Apr 16, 2021 at 07:22
any level of newcomers always try to bring profit with no learning , its a very common thing and same mistake newcomers always do . even i did when was a completely new in trading.
Apr 16, 2021 at 09:34
Sarjohn posted:
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes


I would agree with this as long as the trading plan includes lots of learning and strategy development
Biedrs kopš   536 ieraksti
Oct 04, 2021 at 20:49
opportunitycalls posted:
Sarjohn posted:
There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions.
1) Have a Trading Plan
2) Lower Trade Sizes
3) Keep a Trading Journal
4) Learn From your past mistakes


I would agree with this as long as the trading plan includes lots of learning and strategy development
I also agree with these points.
Seb King (sebking1986)
Biedrs kopš   538 ieraksti
Oct 05, 2021 at 14:22 (labots Oct 05, 2021 at 14:23)
The issue is focussing on how much profit they can make rather than how much risk they are taking. One you can control and the other not so much.
If you can't spot the liquidity then you are the liquidity.
Biedrs kopš   751 ieraksti
Oct 05, 2021 at 15:25
Even people trading for years didn't able to overcome the greediness. To overcome it one needs skills and proper trading psychology. It's not easy.
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