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Thread: Greed is your worst enemy.

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    Greed is your worst enemy.

    Dear fellows greed is really very harmful and extremely dangerous for a Forex trader and we should avoid it during trade in our live account because when you trade with greed you can earn a good money or you can lose all what you have so we should not take a risk to lose all the equity we have, we should trade with proper analysis which are technical and fundamental.

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    greed is very dangerous and harmful for a trader it never ensure you to earn a good money in any business because it can not follow any rules of a trading business and you are entirely depend on your luck may be you become successful but for a few trade but if you lose your trade than you blown up your account and become hard to recover your money due to your greed.

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    Quote Originally Posted by jams View Post
    greed is very dangerous and harmful for a trader it never ensure you to earn a good money in any business because it can not follow any rules of a trading business and you are entirely depend on your luck may be you become successful but for a few trade but if you lose your trade than you blown up your account and become hard to recover your money due to your greed.
    It is bad to be greedy, this will want traders to be trading all the time without stopping, and it will make the trader to lose all their money to that bad trading way. Traders have to make sure that they have plans when trading, and when they are going against the plans, they need to rest so that they will not make mistakes.

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  4. #1123
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    Quote Originally Posted by TAJAMMUL View Post
    Dear fellows greed is really very harmful and extremely dangerous for a Forex trader and we should avoid it during trade in our live account because when you trade with greed you can earn a good money or you can lose all what you have so we should not take a risk to lose all the equity we have, we should trade with proper analysis which are technical and fundamental.
    Greed can give you loss because when you will try to earn very large amount in the very short time with small capital.. so then you need open large trade on high leverage so then you can easily loss your all money. and then you can be destroy and you can loss your hope so this is not best for traders..

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    Quote Originally Posted by sheza View Post
    The managing the things is the important thing in the market business along with that we get the benefit and use our limit so that's we have work in the limits that we have so that why i think greed is the worst thing because in this way we take some risk in the uncertain market and mostly time we get the losses so as a trader we must avoid form these kind of the mistake and control our greed and try to trading with the plan and handle the market well.
    greed is worst enemy of your business it destroyed your business and run your all skills.proper knowledge and experience is solve of the greed,if you have good knowledge and experience then you need to implement in during the trading and you can get the profit from the market.if you want earn then you need to learn first.

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    controlling emotions are very important thing on trading. traders tend to feel greedy when they get sudden good amount of profit. they tend to risk with big amount to win big. but a good trader should always be stable. trader should have proper strategy of their own to have success regularly. patience is a key thing on trading and to become a good trader, you have to stop greediness.

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    It is good to always know that greed is not a good friend of the trader because most time, it does not have anything positive to ad to our success in the forex market but to destroy our trading account. Forex is a very good business if we follow after discipline and right trading in the market, most of the time when we tend to be greedy we always come back to regret our action to be greedy. Greed does not pay in any way even though most time it looks like the easiest way to make quick and big money from the market, but it is not always a good ending for any trader who is greedy.

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    Quote Originally Posted by jams View Post
    greed is very dangerous and harmful for a trader it never ensure you to earn a good money in any business because it can not follow any rules of a trading business and you are entirely depend on your luck may be you become successful but for a few trade but if you lose your trade than you blown up your account and become hard to recover your money due to your greed.
    Most traders blow their account up very easily in forex because they are very greedy and do not take the best steps to see they can improve on their trade. If we would want to make sure we don't fail in this market, then we should have to do well to manage greed and also take time to improve our skills to trade good. At a point I was greedy and I saw myself loose so much in forex but no matter what we must make sure we practice good and realize how to make the best trading in forex.

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  9. #1128
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    Quote Originally Posted by oscar View Post
    controlling emotions are very important thing on trading. traders tend to feel greedy when they get sudden good amount of profit. they tend to risk with big amount to win big. but a good trader should always be stable. trader should have proper strategy of their own to have success regularly. patience is a key thing on trading and to become a good trader, you have to stop greediness.
    Greed is an emotion, traders have to control it. If the trader is working on their trading psychology through the discipline and patience they have when handling the things of the market, the trader will get better. And do not think you can overcome the emotions totally, traders will overcome it gradually until they are successful.

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    Greed is the major cause of failure in this trade, most time I lose my capital not because I didn't follow the right trade because I was too greedy trying to make big money on that trade in short period of time that is the major reason why I blow my trading account most of the time, greed is a bad emotion if we want to trade and make big amounts of money we must be patience and avoid greed in our trade.

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    it is true greed is very dangerous and harmful for a trader while trading when you trade under your emotions and feelings than no rules of trading you follow and completely depend on your luck which is a wrong way to trade inn this risky market as a result you may blown up your account and becomes hard for recover your money back. so avoid greed inn your trade.

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