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Control your greed.
Uczestnik z Sep 24, 2019
22 postów
Feb 03, 2020 at 19:15
for sure it's must be controlled, otherwise you can see it's totally unreliable thing for many of those patterns here anyway. Do you see me coming for that? I am not able too.... You can simply blow all your money and even borrowed ones...
Feb 09, 2020 at 14:23
Traders should keep their greed under control while trading foreign currency. Their focus should not be on making more money but on making their trading more profitable. Being greedy, a person sometimes makes bigger and bigger investments which leads to bigger losses. Therefore, the trader must control his greed and find ways to improve his trading. Big profits does not mean successful trading, but having continuity in your profits is a sign of successful trading.
Feb 10, 2020 at 06:31
ethan_65 posted:
Big profits does not mean successful trading, but having continuity in your profits is a sign of successful trading.
That's a great advice. Bringing consistency in one's trading returns is what matters the most. But traders somewhere focus on how big their returns are, which is not good if seen from long perspective.
Uczestnik z Apr 01, 2020
227 postów
May 27, 2020 at 00:41
Greed is a strong enemy to gain profit. forex is a very profitable business. we can earn huge money from here. most of the new traders cannot control their greediness and trade more and more for a huge profits. always we should protect our capital and trade for money very carefully without any greed.
Uczestnik z Apr 09, 2020
2 postów
May 28, 2020 at 09:14
Trader needs to be able to control his greed
Uczestnik z Dec 26, 2019
21 postów
May 30, 2020 at 17:04
It's important in any field, and you have to learn how to work with it, because it can cause you to banal lose control of the situation. And you just can't let that happen because it's totally unprofessional!
Centrillador
Uczestnik z May 13, 2020
119 postów
Jun 13, 2020 at 15:54
Without greed control, you really run the risk of falling into a hole
forex_trader_1579982
Uczestnik z Jun 04, 2020
41 postów
Jun 13, 2020 at 19:07
Greed control should be under Risk Management, Have time of opening and time of closing, Don't Overtrade as it ruins a lot of Traders, I take loss when necessarily, it takes a good mental strength to accept you are wrong in trades and exit that trades with minimum loss and not let greed of not wanting to loss overcomes you, This have been one good parts of my Strategy to making good daily decisions.
Uczestnik z Jun 10, 2020
35 postów
Jun 15, 2020 at 13:46
Nobody should be greedy as you never know where life can take us. Just focus and be determined to have more experience in trading to be in a profitable situation.
Jun 15, 2020 at 14:31
Hello! Unfortunately, there is no on/off switch for such a feature like "greed". I remember 13 years ago, when I discovered Forex market, greed was living in my heart. And my trades were awufull. What helped me - is to treat Forex not like a money machine, but more like a side-hustle. Also having a full time job helps a lot, so I had money and I was not thinking about getting more. Not full time, not so serious, less worries. Also trading on a Forex looks like having a cat (not my words, but completely agree with them). If you are chasing a cat, that cat will run away, but if you stop chasing and you have what cat loves - cat will run towards you eventually.
Same thing with money. If you are chasing them with all you heart and soul and that's everything you can ever think of - you'll fail.
If you will have what money likes - patience, long term vision and love for what you do - money will come. Trust me.
Have a good one.
Same thing with money. If you are chasing them with all you heart and soul and that's everything you can ever think of - you'll fail.
If you will have what money likes - patience, long term vision and love for what you do - money will come. Trust me.
Have a good one.
Uczestnik z Mar 31, 2018
28 postów
Jun 15, 2020 at 15:38
gabeorwel posted:
Hello! Unfortunately, there is no on/off switch for such a feature like "greed". I remember 13 years ago, when I discovered Forex market, greed was living in my heart. And my trades were awufull. What helped me - is to treat Forex not like a money machine, but more like a side-hustle. Also having a full time job helps a lot, so I had money and I was not thinking about getting more. Not full time, not so serious, less worries. Also trading on a Forex looks like having a cat (not my words, but completely agree with them). If you are chasing a cat, that cat will run away, but if you stop chasing and you have what cat loves - cat will run towards you eventually.
Same thing with money. If you are chasing them with all you heart and soul and that's everything you can ever think of - you'll fail.
If you will have what money likes - patience, long term vision and love for what you do - money will come. Trust me.
Have a good one.
I'm definitely going to use this cat analogy!!, well said gabeorwel !!! :)
Uczestnik z Feb 11, 2020
13 postów
Jun 18, 2020 at 12:30
greed is common to all people, you need to learn to disable this feeling in yourself if you want to earn money.
Uczestnik z May 13, 2020
119 postów
Jul 07, 2020 at 06:10
First, analyze your closed deals and your behavior in doing so
Uczestnik z Jun 22, 2020
69 postów
Jul 07, 2020 at 07:17
gabeorwel posted:
Hello! Unfortunately, there is no on/off switch for such a feature like "greed". I remember 13 years ago, when I discovered Forex market, greed was living in my heart. And my trades were awufull. What helped me - is to treat Forex not like a money machine, but more like a side-hustle. Also having a full time job helps a lot, so I had money and I was not thinking about getting more. Not full time, not so serious, less worries. Also trading on a Forex looks like having a cat (not my words, but completely agree with them). If you are chasing a cat, that cat will run away, but if you stop chasing and you have what cat loves - cat will run towards you eventually.
Same thing with money. If you are chasing them with all you heart and soul and that's everything you can ever think of - you'll fail.
If you will have what money likes - patience, long term vision and love for what you do - money will come. Trust me.
Have a good one.
I really like what you said.
Saying that we have to control our greedness is easier than done. Thank you for sharing the story.
Uczestnik z Mar 03, 2020
10 postów
Jul 27, 2020 at 13:03
'Greed is not a financial issue. It's a heart issue. '
Andy Stanley
Andy Stanley
Uczestnik z Feb 24, 2020
7 postów
Jul 31, 2020 at 09:10
You must adhere to the strategy you have developed and learn how to close negative trades
