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Forex Forum to Share, Discuss, Communicate and Trade Forex • Greedness is harmful!!
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Re: Greedness is harmful!!

PostPosted: Sun Apr 16, 2017 2:14 pm
by Tony Collins
No doubt on it; you have to know the exact point of stopping! Basically, greedy Forex traders always try to make here unrealistic profit but end of the day, they lose their everything! Luckily I found proper training on psychological analysis in my demo account through monthly webinar of trade-24.com broker! In addition, now I am able to use money management as well as risk management trading policies in my live trading account so smartly!

Re: Greedness is harmful!!

PostPosted: Sun Apr 16, 2017 10:45 pm
by radex78
Greedy is harmful account if we always treat forex with greedy usually will often facing with failure, because forex is not easy way to get rich at short time and we need carefully and patience to become profitable trader need keep learning and never stopped on learning process

Re: Greedness is harmful!!

PostPosted: Tue Apr 18, 2017 10:53 am
by Gozmit
Patience and Discipline are the key to become successful in Forex Trading, you need to understand that if you wanna become successful, you need to have lots ad lots of practice.

Re: Greedness is harmful!!

PostPosted: Tue Apr 18, 2017 9:00 pm
by Ryan Higgins
Greediness is definitely very harmful and that is all to do with us doing something which we shouldn’t do or is not required in that particular stage. It is not bad to be ambitious but there is such little margin between becoming greedy which is not covered well by many. I for one is able to handle it smoothly because I stick to my plans all the time, it’s a lot easier thanks to broker like OctaFX because of their low spreads at 0.1 pips for all major pairs, cash back and much more.

Re: Greedness is harmful!!

PostPosted: Tue Apr 18, 2017 11:07 pm
by radex78
No doubt if actually greedy is harmful account and usually only making loss on trading which this is not good for trading, many trader from us that already trying use trade based on greedy usually will facing difficulties to control emotion and often will messed up plan trading

Re: Greedness is harmful!!

PostPosted: Sat May 13, 2017 7:35 am
by Sininfinity
radex78 wrote:No doubt if actually greedy is harmful account and usually only making loss on trading which this is not good for trading, many trader from us that already trying use trade based on greedy usually will facing difficulties to control emotion and often will messed up plan trading


Well you are right. A trader can not get rid of emotions but can learn to train them so they won't hinder their trading. It will take time to reach that state and a trader who wants to be in this market for long should give himself the time.

Re: Greedness is harmful!!

PostPosted: Sun Jun 18, 2017 7:02 am
by kxforexmart
yes you are right that greediness is harmful because when we are surrounded by greed ,we only think of making money faster and in that process we actually lose all our profit and money ,even the account.

Re: Greedness is harmful!!

PostPosted: Tue Jul 11, 2017 3:49 pm
by Craig Schroerlucke
Greediness is very harmful for trading forex. I can avoid it properly and trading with the best broker AGEA. They made me mentally strong to overcome the greed in our trading. I am following money management with their support that I can control greed properly. And I want to say that, the easiest way to control your greed is to think first about how much you could lose on the trade.

Re: Greedness is harmful!!

PostPosted: Tue Jul 11, 2017 10:32 pm
by radex78
Yes no doubt if every trader they will fail when greedy because it will narrowed account to withstand price movement which on greedy they will take higher risk because desired they can making big profit at short time, while forex movement sometime unpredictable

Re: Greedness is harmful!!

PostPosted: Wed Jul 12, 2017 5:08 am
by Gozmit
Greed, Anger and many such other emotions are very much harmful for the Forex Trading, If you don't have proper control over it, you could never survive in Forex Trading.