Newcomers and their greediness

The newcomers cannot avoid losses by their greediness and emotions, it’s true. But the regular traders cannot come out their losses because of having most powerful risk management and MM. they always fours on just acquiring good trading knowledge . of course we have to do it. But besides it must be focused on risk managing approach if we want to avoid losses.

Very true. They need asses the power of risk management and money management else they will be having hard time avoiding the losses

It was the greed of many newcomers that killed on the path to making money on Forex

When they say that a large percentage of traders do not earn and leave the market, it seems to me that this is affected by their greed.

Yeah.Greed is a dangerous thing, not just for beginners but even for those in trading for a good time.

Greediness is bad for anyone and everyone. No matter a trader is new or experienced. Patience is the key.

Greed is one of the negative side that you should be avoiding when it comes to trading. It takes lot of time to overcome for that.

first_time posted:
Greed is one of the negative side that you should be avoiding when it comes to trading. It takes lot of time to overcome for that.

Exactly and the worst part is it makes you over trade and that spoils your entire game.

Suarez posted:
Exactly and the worst part is it makes you over trade and that spoils your entire game.

This is worst and that is where we have to be careful and try to avoid greed or fear.

Greediness is awe full in any scenario. Money made with patience is worth the hard-work and remains with you for long. Even wehn it comes to trading, one should be wise and patient while placing trades. Profits and losses are both 2 sides of a coin. Its only with time that you understand what to trade, how to trade, how much to trades etc.

New comers mostly face the issue of controlling their emotions and greed. Well practice well and trade with patience; be rational. If you trade with practical decisions, only then will you go far in this journey.

I have been fallen prey to greed in my initial days of trading and faced losses which was not a good feeling at all.

Even after years of trading I am facing issues with greed.
That's why I am using automated systems where money management is well defined and executed.

IMHO greed is not only that you overtrade account to get more profit
it is also about NOT accepting loss and NOT closing losing positions when you should

When they say that a large percentage of traders do not earn and leave the market, it seems to me that this is affected by their greed, you need to have control over your emotions.

togr posted:
Even after years of trading I am facing issues with greed.
That's why I am using automated systems where money management is well defined and executed.

IMHO greed is not only that you overtrade account to get more profit
it is also about NOT accepting loss and NOT closing losing positions when you should

Automation is the best way to combat emotions in trading. It can be tough to learn how to code an EA but once you understand, it is very rewarding

well, agreed with most of the posts, but greediness is also what drove us here correct?

Greed is one of the main problems of traders. It is almost impossible to control, and it causes most losses in trading. That's why all traders need to learn self-control and restraint, and then their profits will grow significantly.

005500 posted:
Greediness is bad for anyone and everyone. No matter a trader is new or experienced. Patience is the key.

I agree on that. No matter at what stage a trader is, a newbie or an experienced one, greed can mar it all.

Greed is one of the first obstacles for all beginners in trading. When a beginner comes into trading, he expects a lot of money in a short time, and because of this perception, they lose all their investments very quickly. That's why I always advise beginners to open an account with a small deposit and learn to manage their capital correctly.