Nov 04 2021 at 18:19
In trading, uncertainty can only bring a loss. It actually works and is worth understanding if a trader wants to achieve success.
Dec 07 2021 at 17:30
Trading is a mind game. You can't trade based on your emotions and other’s opinion.
Dec 08 2021 at 13:30
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.
Dec 09 2021 at 21:09
Most losing traders’ weakness is lack of discipline and too much emotion.
Dec 11 2021 at 05:27
SofieAndreasen posted:Most traders lose their money because of their indiscipline and greedy nature
Most losing traders’ weakness is lack of discipline and too much emotion.
Dec 15 2021 at 13:26
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.
Dec 15 2021 at 16:57
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
Dec 15 2021 at 21:29
Self-doubt can really kill all positive qualities in a trader. You need to be prepared for this.
Jan 25 2022 at 07:17
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.
Jan 25 2022 at 08:19
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
Jan 25 2022 at 17:55
Unfortunately, fear for a trader is really the end of a career. This can only have negative results.
Jan 28 2022 at 04:35
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.
Jan 28 2022 at 06:03
Greed is mainly activated due to the huge risk taken by using high leverage. So, it's very important to use it wisely.
Jan 31 2022 at 16:02
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.
Feb 02 2022 at 18:03
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.
Feb 03 2022 at 08:09
Greed will never let you stay in the game for a longer duration.
Feb 07 2022 at 09:56
Greed, fear, and anxiety, they make traders weak. You can’t eradicate them completely from your life, but you can learn to control them.
Feb 08 2022 at 02:02
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.
Feb 08 2022 at 05:32
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!
Feb 25 2022 at 14:46
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.
