Forex Zone - Forex Forum

Don't be greedy in forex trading

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
good trading concepts, one of which is to maintain emotions so that they are not greedy and such, so it is the duty of a trader to maintain discipline in applying whatever is appropriate to be used as a trading guideline to run smoothly
#181 - July 13, 2020, 12:50:32 AM

  • Hero Member
  • Posts: 850
  • Points: 0
  • Likes Received: 97
  • Reputation: +2/-2
Forex trading has a high risk. if greedy instead will do as they wish without rules, therefore we must be careful in every decision to trade.
#182 - July 13, 2020, 07:20:44 AM

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
being able to maintain emotions when trading is very helpful because if we can control our emotions we are also easy to control ourselves so we are not greedy in trading.
#183 - July 14, 2020, 05:41:50 AM

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
being able to maintain emotions when trading is very helpful because if we can control our emotions we are also easy to control ourselves so we are not greedy in trading.
Trading requires emotional balance, emotional control can control greed so as not to pursue profits that are too large and forget the risk.
#184 - July 14, 2020, 08:15:13 AM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
Trading requires emotional balance, emotional control can control greed so as not to pursue profits that are too large and forget the risk.
Controlling emotions means controlling greedy too, there are no successful traders without good control.
Greedy should not be accustomed because it is fatal (losses).
#185 - July 14, 2020, 03:27:16 PM

  • Hero Member
  • Posts: 1028
  • Points: 2095
  • Likes Received: 296
  • Reputation: +6/-4
greed in trading will only bring a trader to ruin, because he is never satisfied with how many pips of profit he gets and if it continues then one day will damage the psychology
#186 - July 15, 2020, 03:05:01 AM

  • Sr. Member
  • Posts: 436
  • Points: 0
  • Likes Received: 53
  • Reputation: +2/-0
Greedy is more detrimental, for example traders' analysis is correct but because they are greedy to get big profits they use lots too big, when the correction is not even strong margins and hit by MC.
after that the market will reverse direction according to analysis
#187 - July 15, 2020, 03:17:56 AM

  • Sr. Member
  • Posts: 436
  • Points: 0
  • Likes Received: 53
  • Reputation: +2/-0
Forex is a place to test your patience, if you are greedy and in a hurry to make a quick profit, it will actually make you lose money
Yes, it is more appropriate that only losses will be obtained or margincall, there is no instant way for large profits.
must be patient and realistic on the target, if too greedy will actually destroy everything.
#188 - August 05, 2020, 11:19:28 AM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
Yes, it is more appropriate that only losses will be obtained or margincall, there is no instant way for large profits.
must be patient and realistic on the target, if too greedy will actually destroy everything.
Being realistic about the target and prioritizing capital security by implementing management, will keep away from being greedy.
Greedy must be suppressed and even eliminated and don't let that happen.
#189 - August 09, 2020, 03:51:10 PM

  • Hero Member
  • Posts: 850
  • Points: 0
  • Likes Received: 97
  • Reputation: +2/-2
Greed will bring you down, you have to be more grateful for what you have got.
The profit that has been obtained must be grateful, if you are greedy, the profit can run out quickly and even capital will be lost / margincall.
#190 - August 09, 2020, 11:59:40 PM

  • Sr. Member
  • Posts: 296
  • Points: 0
  • Likes Received: 37
  • Reputation: +1/-0
The impact is worse if greed already bothered psychologists. If it is like that, it is feared that it will become a habit to be greedy, trading will continue to lose and lose because of the psychological impact
#191 - August 10, 2020, 12:32:38 AM

  • Sr. Member
  • Posts: 424
  • Points: 0
  • Likes Received: 102
  • Reputation: +3/-7
Greedy must be removed because it is very detrimental.
If we want to be successful in forex trading, we have to get rid of this greediness, trade patiently because trading requires patience not greed.
#192 - September 02, 2020, 02:11:28 PM

  • Sr. Member
  • Posts: 436
  • Points: 0
  • Likes Received: 53
  • Reputation: +2/-0
Every time we trade greedily, we will end up losing because we expect too much of a profit.
we should be more grateful with realistic profits.
#193 - September 02, 2020, 11:28:15 PM

  • Hero Member
  • Posts: 2224
  • Points: 7991
  • Likes Received: 140
  • Reputation: +6/-1
Let start with a quote from a certain successful trader that state if the big enemy is not the market but trader itself, it can't control greedy hence possible will become a victim of the market because the market doesn't care with your analysis, it's not about true or wrong analysis if not listening the market hence will fail
#194 - September 03, 2020, 12:40:58 AM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
Greedy in forex trading will affect all things.
Interfering with every trade, by placing orders without risk management and making it difficult to avoid risk, it will be very detrimental to the trade, even resulting in a marginal call.
#195 - September 07, 2020, 12:11:20 PM

Members:

0 Members and 2 Guests are viewing this topic.