Bradley88 posted: I'm a beginner in forex and investing a lot of money at the initial stage is just greedy to think that invest higher would also bring higher profit ?
Absolutely. beginners shouldn't block too much capital in the beginning because they dont have much knowledge and experience yet. therefore its wise to start small and slowly grow your account, than going all in at once.
UweMoench posted: Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making money. But we should control our greed if we want to stay in the market and make profit for long.
One of the worst traits to have - I'm sure everybody goes through this at some point though.
I fully agree with you. Greediness has already killed many perspective traders, I mean they lost everything because of theirgreediness, however if we want to develop our skills in trading we must look at mistakes, made because of greediness, as at experience, which brought us much more than money. Of course, the vast majority of traders come into trading because of money, they just want to earn it, but I believe that experience prevails over money. I lost a particular sum of money and I didn't stop. I started to explore trading deeper in order to understand why I behaved myself the way it led me to losses. So, here veerythng depends on your attitude toward trading activity.
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