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Greed is poison
Member Since Jan 20, 2022
31 posts
Mar 11, 2022 at 04:52
Member Since Jan 20, 2022
31 posts
Greed is the most poisonous weapon while trading in the forex market as if not controlled and monitored, it can lead to unnecessary irrational trading decisions in forms of overtrading and overleveraging etc. which leads to vast amounts of losses.
Mar 11, 2022 at 07:38
Member Since Feb 18, 2022
15 posts
Traders become greedy by looking at forex because of endless earning opportunities. Also, at the same time, they underestimate the risk and potential losses that trading recklessly could lead to. To avoid the latter, they need to act rationally and get the right education before taking any steps.
Member Since Apr 09, 2019
538 posts
Mar 11, 2022 at 09:42
Member Since Apr 09, 2019
538 posts
I think it's a fine balance. If greed keeps you in a trade too long when everything is telling your to get out then of course it leads to loss. Equally I think that there is a psychological issue we face as traders where some will feel 'unworthy' of making a certain amount of money and will cut trades short from fear that 'that's enough'. Let the markets tell you when that is enough and you will likely strike the balance.
If you can't spot the liquidity then you are the liquidity.
Member Since Jun 21, 2021
24 posts
Member Since Jun 26, 2020
327 posts
Member Since Oct 29, 2020
18 posts
Apr 07, 2022 at 04:29
Member Since Mar 22, 2022
25 posts
To some extent, we have all been greedy because that’s why we came into the forex market. We all thought of making money. In fact, that’s what we work for day and night. But when greed becomes the sole reason for you to open and close trades, it becomes dangerous. Greed should not blur your trading decisions to an extent that you start overlooking other factors.
Member Since Jan 13, 2022
18 posts
Apr 12, 2022 at 06:40
Member Since Mar 23, 2022
26 posts
It’s all about controlling your greed so that it doesn’t become a part of your trading decisions. Just know when to trade, how much to put at risk, and when to exit the market. Don’t make any decisions out of greed as they may prove harmful for your growing trading account.
Apr 14, 2022 at 06:59
Member Since Mar 21, 2022
47 posts
Yes definitely, greed is equivalent to poison in the forex trading market. Greed yields nothing except losses. Traders, especially beginners, should always refrain themselves from greed if you want to be a successful trader. Forex trading requires a lot of knowledge, experience, and patience and if you’re looking for easy money and shortcuts then forex trading is not for you at all. Keep your greed aside and focus on learning, this is the best way to achieve success.
Member Since Aug 10, 2021
178 posts
Apr 15, 2022 at 06:23
Member Since Apr 04, 2022
25 posts
Greed is never a good friend if one wants to grow and succeed as a trader. But sadly, the forex market is full of greedy people rather than genuine strategic traders. Yes, we all are here for the money. But it should not be the sole goal when you decide to become a forex trader. There are plenty of other ideas to make money and that too avoiding all the risk elements that comes with forex. But if you decided to choose this path it should be out of the passion and joy of trading. If you treat trading like a money tree then you will never be able to prosper. You should keep the monetary aspect in your mind but moreover devote yourself to keep learning and acquiring new skills always.
Member Since May 31, 2021
35 posts
May 18, 2022 at 17:20
Member Since May 25, 2020
20 posts
Greed is an enemy of people. Actually, in trading this thing reveals itself even more. Traders can't understand that greediness ruin their trading activity, they try to reach as much as they can, but they should understand that greediness NEVER led to something positive. I personally don't know any situation when greediness helped me a lot. It only brought bunch of harm to me and my friends. Hence I suppose that if traders would learn how to avoid greediness and when they start to understand where to STOP.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
They will be able to develop their skills and receive experience twice faster without any emotional roller coasters.
May 20, 2022 at 03:52
Member Since Mar 11, 2022
51 posts
shortant posted:Any emotion, especially greed, inhibits the decision making power of a trader which results in making wrong trading decisions.
Traders should avoid trading with emotions, be it greed or poison, as it won’t bode well for them. Trading should be done with strategies because only then, they will be able to make profitable trades or manage losses.
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