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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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    Quote Originally Posted by jiji View Post
    By now we all should no that greed is the worst habit of trading forex because it can make us lose money easily or blow our account,so therefore we should avoid it while trading in the market, if you are new in trading make sure that you avoid greed too cause it's a very bad habit.
    Many traders try to trade with greed and that is how they are failing now too. The only one that can keep on trading while avoiding greed will not exists. That is also why we need to raise our own knowledge so we can earn it big despite having our negative emotion in trading as one of the hindrance too. That way our success will be smooth.

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    Quote Originally Posted by Yul View Post
    Many traders try to trade with greed and that is how they are failing now too. The only one that can keep on trading while avoiding greed will not exists. That is also why we need to raise our own knowledge so we can earn it big despite having our negative emotion in trading as one of the hindrance too. That way our success will be smooth.
    That is truly fact , Keep in mind that if the mindset we are looking for a lot of profit, it is sure the mind will find a way to be able to quickly get a lot of money though by ignoring the risks to be faced. So the choice back to us, because actually the forex trading can be manageable

    For me if a trader within a month is able to get profit as much as 20% of his capital, then the trader is actually already succesful. But such achievements are many traders who feel still less and want to get more 200% to 300% a month. Thus bringing trading to the risk of greed

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    Quote Originally Posted by debian View Post
    That is truly fact , Keep in mind that if the mindset we are looking for a lot of profit, it is sure the mind will find a way to be able to quickly get a lot of money though by ignoring the risks to be faced. So the choice back to us, because actually the forex trading can be manageable

    For me if a trader within a month is able to get profit as much as 20% of his capital, then the trader is actually already succesful. But such achievements are many traders who feel still less and want to get more 200% to 300% a month. Thus bringing trading to the risk of greed
    Many traders want to make too much money usually will just lost everything if we wish to make 200% in 1 month then we also need to be ready to bankrupt too in 1 month. All risks in here have their own price to be paid. if we can accept it as a trader, they we are ready to go but we need to be accurate in making decisions too.

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  5. #664
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    Greed is the worst anemy for trader because we are facing so many losses and bad strategies due to bad choice so we need to always follow best techniques for doing trade and all the thing which effect our results and decision making we should avoid them so we get safe and secure results from this market easily .

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    If a proper choice is not made to curb greed, we can easily loose our trading capital before we know what's happening. Greed is a very big enemy of business and instead to give you more profitable trades, it will give you losses in the long run. The fact that we have to manage our risk is important and we should sure see on the level to manage our greed and make appropriate steps to make the right profits.

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  7. #666
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    it is really worst enemy because when we show and start the greed in the market then we have start to take more risk and forget our planning in the trading which is the major cause our losses because we forget our direction and that's why we get the big loss in the market which is very difficult to recover it so that's why as a trader we avoided form the greed in the trading.

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    the problem is not at greed, but at traders itself who can not control the emotion because we knew that greed is a part of emotion that will break everything and although for them who have skilled and experienced, there are many situations which will trigger the emotion come up, winning and losing are the main factors for it, and also when traders set the target in mind or also big ambition where they want to achieve it in a short time

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  9. #668
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    Most time that trader lose in the market, id does not mean that the problem was from the market but it was as a result of our altitude to the market, we do always want to have a lot of money within a short time, we need to be contented and patience in dealing with the forex market, with patience and trying to avoid greediness , we see ourselves making it in the business.

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  10. #669
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    Quote Originally Posted by famousfx View Post
    Most time that trader lose in the market, id does not mean that the problem was from the market but it was as a result of our altitude to the market, we do always want to have a lot of money within a short time, we need to be contented and patience in dealing with the forex market, with patience and trying to avoid greediness , we see ourselves making it in the business.
    You are right , But anyway its not denied that greedy attitude with rich mindset quickly through forex almost applied by all beginner traders, I was also at first so, but after a sm do trade to get felt the experience the real forex trade tn having experience of loss all capital as many times made me realize that mindset like that is not very appropriate

    If the trader has a greedy attitude when trading its certainly in his trading can not do good money management because psychological disturbed by mindset earlier. While the use of money management is not good then it is very risy and can cause the capital lost entirely

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  11. #670
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    In a nut shell greed is the excessive desire for something. Seriously greed has eaten deep into the life of our business men and women. But I want you to understand that greed is the worst enemy to the success of any business E.g Forex trading and so many online businesses. The adverse effect of greed in a business is that you can loose everything you have hustled for when you venture into a business you think that has enough profit without knowing much about the business and it may demand more capital. Because most of the good paying businesses now operate on the more you invest the more you gain. Therefore as a business man greed is your worst enemy, because you can loose everything you have.

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