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Big Loss If You Can't Control Your Greed and Emotions

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emotional control is needed in trading, it is even more important than the trading system itself, that's why many traders fail because they can't control their emotions well
#16 - October 25, 2021, 07:32:05 AM

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Dealing with greed is not something that can be solved by doing just a few days. However, it must be done with personal awareness and understand that greed will have a negative impact, and continue to take positive steps with the main goal.
#17 - October 25, 2021, 10:09:46 AM

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Doing trading with emotions that are not good in excess will have a bad impact on the results that will be obtained. Trade patiently and sincerely accept the results obtained.
#18 - October 25, 2021, 10:10:24 AM

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Until now I am still confused by the definition of greed when trading. Is greed meant to take other people's profits for ourselves? Is it by taking as much profit as possible from the market? I think if the question is wanting to make as much profit as possible, it's not greed.
#19 - October 25, 2021, 10:11:31 AM

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Greed is a human vice that already exists in the lust in our hearts, we can train it to prevent ourselves from being carried away in greedy lust, because this greed can harm us when uncontrolled forex trading without seeing and examining the magnitude of the risk so that it often becomes something that can make our account goes back to mc many times
#20 - October 25, 2021, 10:13:05 AM

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Greed is a bad human trait that causes bad effects too. Similarly, greed in the context of forex trading can cause losses or even margin calls. Why is that? Because if it is controlled by greed, traders tend to violate their own trading rules. As a normal human being, I think traders may not be able to completely eliminate their greed but can limit them. Try not to pay attention to charts too often or too long, or be tempted by screen shots of other traders' profit history. We can also limit ourselves how often we enter the market, after the target is reached, there is no need to open a trading platform.
#21 - October 25, 2021, 10:14:33 AM

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For this reason, we must always be vigilant when greedy emotions appear, if it feels that we must immediately leave the market and refrain the mind until the greed is lost or we do not feel anymore
#22 - October 27, 2021, 11:10:58 PM

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if it is based on good calculations and good planning then it will be an additional income, but if it is only based on lust then it is a greed that we should not do
#23 - October 29, 2021, 10:41:29 PM

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This is what makes many forex trading fails from successful, because indeed the most important thing in trading is one of them is the ability to control the emotions and psychology
#24 - November 05, 2021, 10:48:00 PM

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If you are not greedy, let alone greedy, you are not a trader, but usually a greedy trader can still be categorized as a newbie trader, why is that because if a trader is already a professional he will be disciplined with his trading plan
#25 - November 05, 2021, 10:51:40 PM

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Because this business has a big risk, it's very dangerous if you don't take that risk lightly, because if you have been hit by a loss, the amount can be very large, so don't be greedy in achieving enough profit targets and what you want is realistic, because if we being greedy only makes us forget about capital resistance and can get mc later
#26 - November 05, 2021, 10:52:36 PM

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Greed or covetousness is human and natural, because human nature will always feel lacking and dissatisfied and less grateful for what has been obtained. However, these habits or traits must be thrown away.
#27 - November 05, 2021, 10:54:15 PM

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To reduce greed, we must have daily or monthly targets. With targets, we can control daily or monthly income. Don't forget not to be provoked by the environment. Other people buy cars, we hurry so we can buy motorbikes too, so we can forgetting our main goal. And the most important thing is the use of leverage, it is very useful also to control greed.
#28 - November 05, 2021, 10:55:23 PM

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Greed is indeed the number one enemy in the forex business world, for example, if you get more profit, you will continue to be dissatisfied and finally the price will reverse direction and as a result the account will be dragged even directly into the MC. Psychologically in the forex world, it is difficult for a trader to master, greed will always haunt you.
#29 - November 05, 2021, 10:56:42 PM

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Indeed, large losses often occur because we are greedy. when we are greedy then we tend to open positions with large lots.
#30 - November 06, 2021, 01:14:41 PM

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