Greed is when your expectation

Greed is when your expectation and skills do not match. Suppose I am not enough skilled but I want to make unrealistic profit like 5% per day. That's greed. When you know how much skilled you are and act accordingly, then you get rid of greed.

If you want to learn forex properly babypips will be the best option for you. It can help you to learn many more new things about forex.

When you decide to trade forex, you must make sure that you don’t let your emotions overpower you. If you let your emotions rule your trading decisions, you will end up losing the game.

emotions is traders cant stop completely, because its a common human nature . but by means of real discipline we can controlled.  

tediousbissa posted:
When you decide to trade forex, you must make sure that you don’t let your emotions overpower you. If you let your emotions rule your trading decisions, you will end up losing the game.

Emotions are definitely a game spoiler for any trader. Sooner or later we must learn to try to keep them controlled.

UweMoench posted:
Greed is when your expectation and skills do not match. Suppose I am not enough skilled but I want to make unrealistic profit like 5% per day. That's greed. When you know how much skilled you are and act accordingly, then you get rid of greed.

Exactly how I imagined what greed is all about. When you are making unrealistic profit without backing up with sounding proof plan to avoid making a mistake, that is the result of poor thinking.

Everyone should try to stay away from such emotions like greed. It is not at all good for trading.

Greed works more when your needs are higher. Therefore, every trader should create a trading strategy by controlling greed.

Demo traders lack emotion in trading. So, practice in real account to control emotion.

When, but for ourselves, a certain income that we want to receive, we forget that everything should be in moderation, otherwise greed absorbs us.

Problem with forex trading is that in here we forget all logics. Market is moving 24 hour doesn't mean you will be able to make money with it. It requires skills and patience to wait for the right trade. Being greedy is not going to help you..

If there is the hope of getting more than you need, it creates greed. And this greed does a lot of damage in forex trading. From that greed, it is possible to lose the investment.

When it comes to forex trading, people become greedy, in no other business they do not expect to make 100$ into 200$ overnight. And due to this greed they never become a successful trader.

AliaDare posted:
Greed works more when your needs are higher. Therefore, every trader should create a trading strategy by controlling greed.

Yes. You are 100%right. Controlling greed is very important to survive in this risky market.

1% is plenty mate

Finding that balance is one of the hardest things to master in trading.

Greed interferes with your ability to follow your trading plan, which affects your forex trading.

Don't ever get greedy in this business. You will lose the gains as quickly as you got them. Besides, there will be plenty of other opportunities to make money down the road. Forex is not going anywhere.

Starting Forex is greedy plan. Most people start because they want to earn extra money and think that this is easy with Forex. That is greed. Trying to get something for nothing