Greed is the worst | Forex Factory

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Greed is the worst

  • #1
  • First Post: Dec 6, 2017 8:46am Dec 6, 2017 8:46am
Greed is so much worst thing I think who is want to be greed in forex he will be fail in loose we all should delete this bad habit from our mind if we see the successful trader they all are success to control their greed lines so we also be do this. Only if you are able to control your greed, you will be also controlling your emotion. By doing this you will be a successful trader.
  • #2
  • Edited Dec 7, 2017 7:27am Dec 6, 2017 9:50am | Edited Dec 7, 2017 7:27am
Quoting Hugelee
Greed is so much worst thing I think who is want to be greed in forex he will be fail in loose we all should delete this bad habit from our mind if we see the successful trader they all are success to control their greed lines so we also be do this. Only if you are able to control your greed, you will be also controlling your emotion. By doing this you will be a successful trader.
Your typo means "Greed is the sausage" in Dutch.
  • #3
  • Dec 7, 2017 2:21am Dec 7, 2017 2:21am
Yes, it’s very important to control our emotions and greed! By the way, 1st of all traders need to have a good trading strategy with a professional trading plan! Then they should work on psychological analysis, it’s not easy to be a consistent Forex trader. With emotions and greed that is quite impossible.
  • #4
  • Dec 7, 2017 2:56am Dec 7, 2017 2:56am
https://www.youtube.com/watch?v=VVxYOQS6ggk
  • #5
  • Dec 7, 2017 5:01am Dec 7, 2017 5:01am
You just cant take out greed. Just if it possible make robot of your profitable system. Or put in money to broker only for 1 trade per day.
  • #6
  • Dec 7, 2017 5:31am Dec 7, 2017 5:31am
Quoting vaidas7777
You just cant take out greed. Just if it possible make robot of your profitable system. Or put in money to broker only for 1 trade per day.
But I think one good trading plan can help us to overcome this problem! Like, using a fixed trading lots size.
  • #7
  • Last Post: Dec 10, 2017 11:13pm Dec 10, 2017 11:13pm
Quoting Hugelee
Greed is so much worst thing I think who is want to be greed in forex he will be fail in loose we all should delete this bad habit from our mind if we see the successful trader they all are success to control their greed lines so we also be do this. Only if you are able to control your greed, you will be also controlling your emotion. By doing this you will be a successful trader.
Never put over 5% of your record in danger at any one time and dependably exchange with no less than a 1:2 Risk Reward Ratio set up. Stiffly sticking to both of these standards will keep a merchant from putting excessively of their record in danger and also leaving the exchange at an alluring and foreordained level of benefit. Overleveraging one's account is one of the essential shortcomings grasped by a dealer impacted by greed.
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