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Greed, the destruction
Участник с Jul 20, 2020
399 комментариев
Jan 25, 2022 at 08:19
Участник с Jul 20, 2020
399 комментариев
croisssan posted:
Self-doubt can really kill all positive qualities in a trader. You need to be prepared for this.
Completely agree its about having that self belief and persistance that is really the bedrock of trading. Its the only way to handle the inevitable losses
Участник с Jan 18, 2022
20 комментариев
Jan 28, 2022 at 04:35
Участник с Jan 18, 2022
20 комментариев
Greed is harmful not only in forex trading but in general too. Most people join forex with a greed to make money and some are very eager to do it as quickly as they can. But unfortunately these people lose their money in forex trading. The reason for loss is investing in forex without the required knowledge.
Участник с Jan 24, 2022
20 комментариев
Jan 28, 2022 at 06:03
Участник с Jan 24, 2022
20 комментариев
Greed is mainly activated due to the huge risk taken by using high leverage. So, it's very important to use it wisely.
Участник с Jul 19, 2020
751 комментариев
Jan 31, 2022 at 16:02
Участник с Jul 19, 2020
751 комментариев
Forex trading is dangerous if you are greedy. Forex trading is best when you can control your emotions. People who are unable to control their emotions will lose money.
Участник с Aug 05, 2021
401 комментариев
Feb 02, 2022 at 18:03
Участник с Aug 05, 2021
401 комментариев
Very true. I kind of had the opposite problem because I struggled with anxiety in the beginning, but I see a lot of beginners that are looking to rush into it wanting to take big risks and get big rewards. A lot of them quit when they realize how much goes into it out of laziness.
Участник с Jun 21, 2021
33 комментариев
Feb 03, 2022 at 08:09
Участник с Jun 21, 2021
33 комментариев
Greed will never let you stay in the game for a longer duration.
Участник с Jan 18, 2022
48 комментариев
Feb 07, 2022 at 09:56
Участник с Jan 18, 2022
48 комментариев
Greed, fear, and anxiety, they make traders weak. You can’t eradicate them completely from your life, but you can learn to control them.
Участник с Aug 10, 2021
178 комментариев
Feb 08, 2022 at 02:02
Участник с Aug 10, 2021
178 комментариев
I believe that when we trade with greed we will lose control of our trading, along with fear, of course. You will lose your account if you do both. It is extremely important to control your greed, that's why we can make more profit in forex ..Trading in forex, it is not good to be greedy.
Участник с Feb 07, 2022
24 комментариев
Feb 08, 2022 at 05:32
Участник с Feb 07, 2022
24 комментариев
Greed and other emotions can be taken completely out of trading if you follow your trading rules. When the market meets and completes a rule - enter the trade. That's it!
Участник с Feb 16, 2022
119 комментариев
Feb 25, 2022 at 14:46
Участник с Feb 16, 2022
119 комментариев
Michihito posted:I have a solution, basically I have a fixed money management plan , so I don’t take any aggressive trade position right now! Generally it’s not easy to control greed & emotions during the trading time!
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.
Участник с Feb 16, 2022
63 комментариев
Mar 19, 2022 at 07:57
Участник с Feb 16, 2022
63 комментариев
Yes, another name of greed is destruction because greed razes down a trader’s career. Every investment is valuable to traders and so traders should be careful about handling their investment. Proper money management and risk management should be managed to flourish one’s trading. But, we see these tendencies are absent among traders.
Участник с Jul 20, 2020
399 комментариев
Mar 19, 2022 at 15:42
Участник с Jul 20, 2020
399 комментариев
Tilokvarma posted:
Yes, another name of greed is destruction because greed razes down a trader’s career. Every investment is valuable to traders and so traders should be careful about handling their investment. Proper money management and risk management should be managed to flourish one’s trading. But, we see these tendencies are absent among traders.
So true its when traders overleverage or try to make much more than their plan allows it gives to major issues and eventually a downfall
Участник с Mar 11, 2022
51 комментариев
Mar 22, 2022 at 05:12
Участник с Mar 11, 2022
51 комментариев
Greed is one of the most dangerous emotions that traders experience in trading. Traders should trade with consistency and have stringent trading rules to overcome greed. That may include overleveraging and finding methods to stay focused in trading.
Участник с Mar 11, 2022
38 комментариев
Mar 22, 2022 at 06:37
Участник с Mar 11, 2022
38 комментариев
Greed leads to destruction as under the influence of greed traders tend to overtrade which eventually leads to making inefficient trading decisions that result in blowing the whole account.
Участник с Aug 21, 2021
61 комментариев
Mar 22, 2022 at 09:38
Участник с Aug 21, 2021
61 комментариев
Greed is one of the negative psychology that should be taken out before you are doing any trading. It is harmful, and dangerous to your trading.
Участник с Jul 23, 2020
869 комментариев
Mar 22, 2022 at 14:37
Участник с Jul 23, 2020
869 комментариев
LeviSievwright5 posted:You are absolutely right, money management is such an important parameter here; no way to ignore this rule! I see, almost all of the pro traders follow the MM rule so tightly! That’s why they don’t face such a big crash in their live trading!
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.
Участник с Apr 03, 2021
470 комментариев
Mar 22, 2022 at 23:45
Участник с Apr 03, 2021
470 комментариев
Although forex trading can make a big profit in a short time with greed, trading high risk-taking is highly risky, not recommended to become greedy in trading, because forex trading is about how to manage money to make money, greed like as disastrous in trading, it will never last long.
Участник с Feb 15, 2022
219 комментариев
Mar 23, 2022 at 03:58
Участник с Feb 15, 2022
219 комментариев
Do you yield to greed? Then come out of it at the soonest because it destroys the dream of a trader. It is the worst part of a person’s nature. Forex and greed cannot be juxtaposed. Try demo trading and check different indicators. Thus you will be able to generate a strategy that can make you profitable.
Участник с Nov 06, 2018
83 комментариев
Mar 23, 2022 at 09:37
Участник с Nov 06, 2018
83 комментариев
Michihito posted:Yep for sure.
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.
Holding a trade for too long (and it coming back to a loss or breakeven), or over leveraging. A lot of people fall for it.
Участник с Feb 16, 2022
63 комментариев
Mar 23, 2022 at 16:39
Участник с Feb 16, 2022
63 комментариев
perryjohn765 posted:So true, I know a trader who used such a high risk reward ratios in his trading; he almost lost 20K and till now he is following that dangerous way! There is no sustainable way to test your luck!
greed is common amongst the newbies due to which they end up in losses.
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