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Newcomers and their greediness

May 22, 2020 at 05:48
Przeglądane 2,481
74 Replies
Uczestnik z Aug 17, 2020   123 postów
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.
Uczestnik z Oct 26, 2020   13 postów
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.
Uczestnik z Dec 16, 2020   19 postów
Dec 17, 2020 at 11:22
Greediness is the biggest enemy of a trader.
Uczestnik z Jul 20, 2020   232 postów
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.
Uczestnik z Oct 19, 2019   38 postów
Dec 19, 2020 at 09:31
Brank_A posted:
Greediness is the biggest enemy of a trader.
Rightly said!
Uczestnik z Dec 15, 2020   13 postów
Dec 21, 2020 at 09:39
The moment greed enters your trading cycle, risk increases manifold. Keeping such emotions away while trading is must.
Uczestnik z Nov 03, 2020   65 postów
Dec 21, 2020 at 10:15
Greed makes us feel emotions that negatively affect trading, so this fact must be taken into account.
Uczestnik z Oct 26, 2020   37 postów
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)
Uczestnik z Dec 28, 2020   187 postów
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
Uczestnik z Nov 26, 2020   20 postów
Feb 05, 2021 at 10:31
Yes, risk management is always a life saver for traders.
Uczestnik z Feb 04, 2021   31 postów
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.
Uczestnik z Mar 17, 2021   536 postów
Mar 19, 2021 at 06:50
I always recommend to new trader first trade in major pair. Don’t try other minor pair.
Uczestnik z Jan 13, 2021   38 postów
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.
Uczestnik z Jul 23, 2020   869 postów
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)
Uczestnik z Apr 15, 2020   219 postów
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.
Uczestnik z Aug 09, 2017   785 postów
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.
Uczestnik z Apr 16, 2021   8 postów
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
Uczestnik z Mar 17, 2021   536 postów
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)
Uczestnik z Apr 09, 2019   538 postów
Oct 05, 2021 at 14:22 (edytowane 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.
Uczestnik z Jul 19, 2020   751 postów
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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