Forex Forum to Share, Discuss, Communicate and Trade Forex

Greedness is harmful!!

This forum is for new and aspiring Forex traders. Trading can be very risky but can also bring great rewards. No one starts with continuous success but many continue with the success. It's a continuous learning, unlearning and learning again. Ask your questions, share your frustrations and also smiles of success. The objective is to have more and more smiles. Hoping to have the pros to frequent this playground to coach the new team here.
Image

Re: Greedness is harmful!!

Postby rrayne20009 » Tue Jan 07, 2014 2:35 pm

Greed is a type of emotion that leads many trader to lose big amount of their trading capital.They aspire to gain more profit and overtrade in the process.One way we can control our greed is to be realistic in our expectations of how much can we profit in a certain trade.Always never overtrade.
http://www.gdmfx.com/- tight spreads and deep liquidity
User avatar
rrayne20009
 
Posts: 52
Joined: Thu Nov 07, 2013 2:26 pm
Location: http://www.gdmfx.com/

Re: Greedness is harmful!!

Postby gerski » Mon Jan 13, 2014 12:30 am

Greed is a mere fact not good not just in trading but in any life aspects.To crave for a little bit more in forex is not that bad ,its one way that which can motivate us.But that is if we are in control of ourselves cause if not it is better to be contented of what we got for the time being.
http://goo.gl/2aGCAV
User avatar
gerski
 
Posts: 55
Joined: Thu Nov 07, 2013 8:36 am

Re: Greedness is harmful!!

Postby uncle gober » Wed Jan 15, 2014 9:20 am

greediness is so so bad for all kind of business . it falls a trader in danger.it is true that greed can destroy one money management and push him into a great loss.if we want to be successful trader we all must remove this form our mind. if we see the successful trader we can see that they have been able to control their greediness. we also do it.
Become IB of Tickmill
uncle gober
 
Posts: 527
Joined: Mon Apr 01, 2013 12:59 pm
Location: Become IB of Tickmill - ( $6 per lot on a Classic and $2 per lot on ECN Pro and VIP accounts )

Re: Greedness is harmful!!

Postby fx abser » Thu Jan 16, 2014 11:44 am

greediness is the great enemy to become a good trader.control your emotion take your profit in continuous not a single day.small and small profit makes good profit.why u become greedy ? you have much time to take profit from market.
fx abser
 
Posts: 4
Joined: Thu Jan 09, 2014 11:48 am

Re: Greedness is harmful!!

Postby rrayne20009 » Sat Jan 18, 2014 6:11 am

uncle gober wrote:greediness is so so bad for all kind of business . it falls a trader in danger.it is true that greed can destroy one money management and push him into a great loss.if we want to be successful trader we all must remove this form our mind. if we see the successful trader we can see that they have been able to control their greediness. we also do it.


You are right about that.To overcome the greed in our trading we must be mentally strong.One way to combat our greed is to take small amount of risk or calculated risk in each of every trade you open.
http://www.gdmfx.com/- tight spreads and deep liquidity
User avatar
rrayne20009
 
Posts: 52
Joined: Thu Nov 07, 2013 2:26 pm
Location: http://www.gdmfx.com/

Re: Greedness is harmful!!

Postby uncle gober » Wed Jan 22, 2014 7:00 am

Greed is the inordinate desire to possess wealth, goods, or objects of abstract value with the intention to keep it for one's self, far beyond the dictates of basic survival and comfort. It is applied to a markedly high desire for and pursuit of wealth, status, and power.
As a secular psychological concept, greed is, similarly, an inordinate desire to acquire or possess more than one needs. It is typically used to criticize those who seek excessive material wealth, although it may apply to the need to feel more excessively moral, social, or otherwise better than someone else.
Those 2 factors have to be well controlled by traders, on the fear of losing trades and money, and the greed that you want to keep trading without thinking you are running out of cash. So these are two factors that need to be well managed when doing binary trading. As they teach you on Vault Options, not to to be affraid to trade, but keeping track of your capital.
Become IB of Tickmill
uncle gober
 
Posts: 527
Joined: Mon Apr 01, 2013 12:59 pm
Location: Become IB of Tickmill - ( $6 per lot on a Classic and $2 per lot on ECN Pro and VIP accounts )

Re: Greedness is harmful!!

Postby bigdog » Wed Mar 19, 2014 1:35 am

It's most certainly is. This is why you need a solid money management to get greed out of your psychological system. A strategy that has a good solid money management is binaryholygrail. If you trade using this strategy long enough, you will earn huge profits without the need of being greedy.
bigdog
 
Posts: 9
Joined: Tue Apr 02, 2013 3:05 am

Re: Greedness is harmful!!

Postby orni308 » Sat Mar 22, 2014 12:41 pm

in any business greediness is bad, it makes you to gain more without thinking about the strategy or the market situation, and one day you end up loosing.
orni308
 
Posts: 227
Joined: Mon Jun 10, 2013 1:40 pm

Re: Greedness is harmful!!

Postby uncle gober » Tue Apr 22, 2014 5:09 am

Trading with greed is not good in forex market. greed can make traders looser in forex market. greed is the part of emotion which can make big mistake in trading. for this reason traders have need to control these emotion while trading for make profit.

Let's Try ["http://www.armadamarkets.com/demo-contest/"] : Forex trading contest with 20 000 $ prize pool
Become IB of Tickmill
uncle gober
 
Posts: 527
Joined: Mon Apr 01, 2013 12:59 pm
Location: Become IB of Tickmill - ( $6 per lot on a Classic and $2 per lot on ECN Pro and VIP accounts )

Re: Greedness is harmful!!

Postby Husam » Sun Nov 16, 2014 1:32 pm

I have marked that maximum Forex traders lose their capital for greed and emotion. I mean over trading with over lots. By the way, personally, I am very sincere about money management. Because, I know the importance of it. On the other hand, my regulated trading platform ‘GCI’ offers only one pip trading spreads. Therefore, I do not to take high risks. Because, I can earn huge money by a small movement of market.
Husam
 
Posts: 426
Joined: Fri Oct 03, 2014 12:01 pm

PreviousNext

Return to Forex Foundation - Forum for Beginners

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Joy Bahadur, l3imadi, Yahoo [Bot]