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Greed, the destruction
Uczestnik z Jul 19, 2020
298 postów
Nov 02, 2020 at 12:37
Uczestnik z Jul 19, 2020
298 postów
I do consider greed as one of the reasons for loss. Truth be told, the vast majority come into forex with an unreasonable greedy expectation of being rich by overnight. They put more emphasis on making profit than aptitudes. They overlook that the aptitudes will bring cash. You need good study and practice to wind up noticeably skilled.
Uczestnik z Jul 20, 2020
298 postów
Nov 03, 2020 at 01:57
Uczestnik z Jul 20, 2020
298 postów
Most people join the trading world interested in making huge profits. Here their greed works in abundance. Greed destroys trading careers. Trading is not a money-making machine. Proper Money Management and Risk Rewards are required to earn a trading profit. It is not possible to survive in trading without trading with patience.
Uczestnik z Oct 16, 2020
137 postów
Nov 04, 2020 at 04:54
Uczestnik z Oct 16, 2020
137 postów
Greed will lure you to places not meant for everybody. Trading requires knowledge, experience and skills. Without knowing risk management, you will end up losing everything. Be cautious and maintaining a trading journal so that you can learn from your mistakes.
Uczestnik z Sep 12, 2017
238 postów
Nov 04, 2020 at 07:00
Uczestnik z Sep 12, 2017
238 postów
greed is common amongst the newbies due to which they end up in losses.
Uczestnik z Mar 16, 2020
54 postów
forex_trader_1984295
Uczestnik z Oct 22, 2020
42 postów
Nov 05, 2020 at 12:50
Uczestnik z Oct 22, 2020
42 postów
If you want to be greedy, do it wisely and not foolishly. I do go greedy some times to make big profits, but use take outs if you want to risk, meaning if you want to maje 500 on account of 2000, you can risk max of $50 using cut outs, instead of exposing all your funds to the risk. You actually have to be a good money management trader to be able to apply the method I just wrote above.
Uczestnik z Jul 19, 2020
788 postów
Nov 06, 2020 at 01:02
Uczestnik z Jul 19, 2020
788 postów
Greed destroys trading careers. If a trader cannot give up greed, he will never be able to make a profit from trading. If you want to make a profit from trading, you have to give up greed first.
Nov 06, 2020 at 18:27
Uczestnik z Feb 05, 2019
43 postów
greed cannot be defeated or removed. This is the instinct that allowed our ancestors to survive. If you are greedy, then you have more food, you are better dressed and you have a better chance of surviving.
Unfortunately, greed is indestructible, but it can be controlled and used for good. But this is possible only with a very good professional knowledge of trade.
G - guaranteed
R - rapid
E - entire
E - equity
D - destruction
Unfortunately, greed is indestructible, but it can be controlled and used for good. But this is possible only with a very good professional knowledge of trade.
G - guaranteed
R - rapid
E - entire
E - equity
D - destruction
my experience is my profit
Uczestnik z May 24, 2020
112 postów
Nov 07, 2020 at 12:14
Uczestnik z May 24, 2020
112 postów
; if you learn, develops discipline and control your emotions when greed fades into the background
Uczestnik z Mar 28, 2021
617 postów
Nov 04, 2021 at 14:01
Uczestnik z Mar 28, 2021
617 postów
Greed leads a trader to destruction. You have to be realistic as much as possible when you are trading. There's no option for over expecting than the skills you have.
Uczestnik z Jul 23, 2020
869 postów
Dec 07, 2021 at 17:30
Uczestnik z Jul 23, 2020
869 postów
Trading is a mind game. You can't trade based on your emotions and other’s opinion.
Uczestnik z Jul 19, 2020
751 postów
Dec 08, 2021 at 13:30
Uczestnik z Jul 19, 2020
751 postów
Yes 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.
Uczestnik z Jul 23, 2020
759 postów
Dec 09, 2021 at 21:09
Uczestnik z Jul 23, 2020
759 postów
Most losing traders’ weakness is lack of discipline and too much emotion.
Uczestnik z Nov 23, 2021
34 postów
Dec 15, 2021 at 13:26
Uczestnik z Nov 23, 2021
34 postów
Even though making money is the primary reason why many join forex, this approach can lead to big losses if it is too impractical and overseen with greed. Trading requires a set of skills—the knowledge of technical & fundamental analysis, psychology, risk and money management, and statistical maths; it takes months to years to develop these skills. Trading gives results only when you are consistent.
Uczestnik z Jul 20, 2020
399 postów
Dec 15, 2021 at 16:57
Uczestnik z Jul 20, 2020
399 postów
LucianVince posted:
Even though making money is the primary reason why many join forex, this approach can lead to big losses if it is too impractical and overseen with greed. Trading requires a set of skills—the knowledge of technical & fundamental analysis, psychology, risk and money management, and statistical maths; it takes months to years to develop these skills. Trading gives results only when you are consistent.
I would go as far as a few years. It really is a marathon not a sprint. There is no rush it is about taking things slowly and build each skill with time. Its important to cover every aspect and not to jump the gun so to speak
Uczestnik z Jun 07, 2021
72 postów
Jan 25, 2022 at 07:17
Uczestnik z Jun 07, 2021
72 postów
Greed is the reason why many traders fail. Traders should understand their emotions, good or bad, so they can implement the right strategies to win trades. All traders should use proper money management strategies to minimise loss, such as use of stop loss and take profit order, which can help you take decisions prompted by emotions like greed or fear.
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