Traders who aim for high profits instantly usually lose all their money
What is the best minimum amount to fund a USD forex acount?
Aug 20 2020 at 19:13
Yes. Greed can put the beginners in great lose. They can lose all their money because of greed. So, as a beginner if you want to become successful in this market, you have to avoid greed from you nature.
Aug 21 2020 at 11:50
If you have small balance, should not trade high leverage, it can causes a great loss, you can get maximal result by using leverage if you have sufficient balance as well proper money managing plan.
Aug 22 2020 at 03:55
Yes discipline and a trading plan is needed to control greed. Trading emotions are common among traders. It needs a lot of systematic ways to control greed and fear of losing money or missing a trade.
Enyinnaya posted:
Traders who aim for high profits instantly usually lose all their money
True, nobody can get it instantly.
Due to the fact that there is a desire to earn faster, beginners very often give in to their greed and make stupid mistakes.
Aug 29 2020 at 10:42
The desire for quick and big earnings ultimately leads to quick losses.
Sep 11 2020 at 12:47
Malajind posted:
Due to the fact that there is a desire to earn faster, beginners very often give in to their greed and make stupid mistakes.
That’s true. Trader should control or avoid this kind of emotion. It is hard but not impossible.
Sep 11 2020 at 13:43
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.
Sep 11 2020 at 15:23
Yes greed is very destructive emotions for traders. New traders open big lots out of emotions. Then they open a lot of trades at a time. They do not bother about risk management. To reduce greed we need to discipline. We have to make certain rules and follow them.
Sep 13 2020 at 13:08
Roberto21 posted:
most of the traders become addicted for bringing profit very rapidly , its a main problem , they should addicted to learn Forex that can make more profit from trading.
Yes Forex trading is addictive for individuals particularly for new traders despite the fact that it is troublesome. Many new traders can't sleep at night. They constantly watch the market all day and night.
Oct 05 2020 at 01:23
When we join new trading, our dreams are much bigger. Having big dreams, I try to make a lot of profit with a small investment. As a trader that is never acceptable. Greed destroys the trading career. If you trade with patience and discipline then success will come one day but if you are more greedy then you will never get profit from trading.
Oct 06 2020 at 17:49
GReed is the most dangerous thing in forex trading. Most of the traders lose their money because of their greedy nature.
Oct 16 2020 at 09:31
Greed is not at all good for new traders. It is destructive and bad for business. A trader should keep their mind only on working towards achieving their goals by using their strategy. They should know when to enter and exit the market, depending upon the market conditions.
Oct 16 2020 at 12:37
Greed is one of the major reasons behind the failure of most traders.
Oct 19 2020 at 11:07
I would say first to work on discipline issues, and then start trading.
Apr 28 2021 at 18:44
UweMoench posted:
Yes greed is very destructive emotions for traders. New traders open big lots out of emotions. Then they open a lot of trades at a time. They do not bother about risk management. To reduce greed we need to discipline. We have to make certain rules and follow them.
Greed mainly comes from the money you earned from this market.
Apr 29 2021 at 14:40
All kind of emotion including greed harmful for any kind of trader. So, batter to avoid it.
Apr 30 2021 at 03:56
Greedy is like our own enemy, this is included as bad psychology trading, how to control greed also need high intention and having a good mindset, forex trading is no easy way to get rich at a short time, every time trader being greedy, they jump in high-risk trading, although if in luck will get high profit, but luck will never come all the time
