Control your greed and make profit.
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Thread: Control your greed and make profit.

  1. #1
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    Control your greed and make profit.

    Most of the trader learn Forex properly.but they also loss in Forex business.it reason is greedy.Greedy trader lost their all invest with profit at a time.So if any one take Forex trading as profession.then he should be need control his emotion first.

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    in general emotions can't let us trading well. and greed is the leader of emotion in the forex. when the trader become greedy he will lose a lot of money. so we have to control greed. it's not so easy but we must try. good luck to you

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  3. #3
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    That is the absolute truth. There is indeed no place for greed in forex trading, any forex trader who is greedy will either overtrade or will make the bad mistake of trading with huge lot size which only ends up in quick margin call. Any trade who wants to succeed should focus on making small profits with consistency

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    I think it is very important in the forex trading business if you want to get the success in the trading then you will need to control the emotion well in the trading so the control the greed and fear in the trading is very necessary if you want to get the success in the forex trading business.

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  5. #5
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    Well, it is not the greed that is actually hindering you form making the money you want to make in the forex market, it is you as a trader that is making that problem for yourself. Although, greed is not that good, but it is what you do that will make you lose, except for the over trading that traders does at times.

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    Quote Originally Posted by cozard007 View Post
    Well, it is not the greed that is actually hindering you form making the money you want to make in the forex market, it is you as a trader that is making that problem for yourself. Although, greed is not that good, but it is what you do that will make you lose, except for the over trading that traders does at times.
    For my opinion for a trader to control the greed is with set a limit on profit target or on the goal as realistically of trying to achieve, and if we got to achieve this target then immediately get out of the market so as not to risk with trade again want more and more

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  7. #7
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    Greed is our open enemy in forex trade, I am the best sufferer of greedy trading. Now I am trying to control greed in my trade and getting very positive result in my trade. You are absolutely right, if we want to protect our capital from loss, then we must stay away from greed.

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  8. #8
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    Controlling greed is very important for a trader for making profits in Forex trading business.Greed is part of emotions and it is very harmful for a trader in order to make profit on a consistence basis.Greed makes a trader trading in high pressure because it only wants huge profits which sometimes makes that trader to leave forex under extreme pressure.

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  9. #9
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    Greedy is one of the disadvantage of any forex trader if we can control of our greedy we can make very good profit.We can control of our greedy if we are very good learner about forex market and if we can determine the stop loose and take profit well.

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  10. #10
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    Your defiantly correct about controlin g our emotions in other to avoid greed taking over our decision taking .its very easy for a trader to easy get greedy while trading so you have to have a mental technique on how to overcome such an attitude of being greedy.

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