Can we promise here never be greedy
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Thread: Can we promise here never be greedy

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    Can we promise here never be greedy

    How many forum members are agree with me to promise about Forex trading that never be greedy in trading time because we know well that greed is more harmful in Forex market and there are maximum traders lost money only for greedy habit that's why we should promise all that never be greedy in Forex trading time.

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    i do not think that because in soem cases we find that the market is ready for well trading and so this encourage us to trade with higher volume that we use in normal cases and so this encourage us to be greedy and this may be good but but trading with greed continuously is harmful and will lead to a big loss or margin call,so money management plan is required for survival

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    Rookie martyn's Avatar
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    We like going to the trouble to not be greedy in forex trading, because usually we will continue to seek opportunities for profit we still continue to monitor the market. So we are better off trading with the greed to control and when we seem to force ourselves to trading, the better we are trading with a demo account.

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    Greedy, can be caused by high confidence, for example when a lot of profited, sometimes inviting greed because it is too sure of ourselves. The second is, as a result of retaliation because anxious to take back the money that has been lost due to loss, it also can not be tolerated. Third is, because they do not know at all about the concept of money management, so blind to the bad risks that can occur. So it ,promise to be able to withstand these vices.

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    Of course we can promise to make greed-free trade. The traders who are not yet able to realize the dangerous factor of greed cannot able to realize the fact yet. I can tell about me that I had to face huge loss in a trade due to greedy trade and I am now very conscious about it.

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    No we can not because greedy is naturly habbit and part of emotion, it is very bad habit and it is not a good thing, some times it make a men rich from poor state but some times its make a men poor from rick state, its depends on luck but remember greedy is curse, so we can promise but we will try to avoid this habbit

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  7. #7
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    Greed is amongst the cure reason why most traders don't exile in forex,mainly due to the reason that we what to male quick money and forgetting about the risks involved in using high lot size and not exiting a lossing entry and also not applying stop loss with the hope that the trend would revers.just ensure that we avid every greed thought and learn to control your dicision taking,its normal to fell greedy while trading but with patience you can achieve heights.

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    i think that forex trading is such a business, that it will always give us some profit...so in this way, there is always a chance that we will get greedy and try to make more profit..which can cause us losses...but if we have made a good strategy and planning, then we can avoid it by following good forex rules and strategy and reduce its influence in our trading...

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    Registered user dkarev's Avatar
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    greediness is something that is generally within us as human being and we can only try to reduce the level of greediness we might be having toward the market but we can never claim to completely remove greediness from our trading,it better to just learn how to reduce it when we are trading,if we think we are gonna be able to stop it,then it might take long but we can reduce it gradually

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  10. #10
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    Yes off course we can promise and then we can become a good traders. because greedy habit can be very dangerous for traders and mostly traders are lost money by greedy trading.. so therefore everyone is saying it if you want earn regular then you must control on yourself..

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