gds221 Posted June 15, 2021 Posted June 15, 2021 The trader must always be confident. Otherwise, he will simply begin to make mistakes that will lead to losses. Quote
Gidencenti Posted June 22, 2021 Posted June 22, 2021 greed has never brought anything useful in any kind of activity, and forex is no exception Quote
gds221 Posted July 2, 2021 Posted July 2, 2021 In any case, the trader must be confident in his actions. Otherwise, you can get results of work that the trader will not be happy with at all. Quote
Gidencenti Posted July 14, 2021 Posted July 14, 2021 such aspects should never appear in both the trader and the person as a whole Quote
AndrewJ Posted July 28, 2021 Posted July 28, 2021 There should be no room for greed in forex trading because forex can go up and down at times. So it's better to always stay humble and use a good broker like FP Markets or CMC Market during live trades. Quote
jamante Posted July 28, 2021 Posted July 28, 2021 those two green and fear are the worst, worst combo, perfect disaster formula. and there are times no matter how long u have been trading that u cant avoid them, take experience, 10 years trading on hotforex i still get anxious really with sudden market movements, but guess what just stick to the plan thats it. Quote
Upoctin Posted August 19, 2021 Posted August 19, 2021 In my opinions, these both fear and greed are dangerous in forex trading. Avoid from greed and fear. I suggested that just enter in forex trading with trading knowledge , confidence and gained experience and become a successful trader. Quote
e_abrams Posted August 19, 2021 Posted August 19, 2021 I think they become dangerous when they cloud your judgement. They can be a pretty powerful motivator though. Quote
James Mcgrant Posted August 24, 2021 Posted August 24, 2021 Why should you never trade in forex with greed, and how can it blow up your trading profits? Quote
bigxy Posted August 24, 2021 Posted August 24, 2021 8 hours ago, James Mcgrant said: Why should you never trade in forex with greed, and how can it blow up your trading profits? Because forex is much similar to any other business where we make money using our own money so we should exit the market upon getting reasonable profits but when we become greedy we might not be able to lock the confirm profits and wait for more but what if the market odds turned against us, we will eventually unable to realise those profits but can lose our own money involved in trading. Quote
Vaabum Posted October 3, 2021 Posted October 3, 2021 Absolutely right - fear has no place in Forex. It can simply develop into uncertainty and lead to the fact that the trader simply cannot make the right decisions. Quote
FXOpen Trader Posted October 12, 2021 Posted October 12, 2021 On 10/3/2021 at 2:38 PM, Vaabum said: Absolutely right - fear has no place in Forex. It can simply develop into uncertainty and lead to the fact that the trader simply cannot make the right decisions. We will need to reduce the amount of Greed in doing our Forex trading business. Quote
Vaabum Posted October 13, 2021 Posted October 13, 2021 From my own experience, I can say that a trader must be confident in his decisions. Otherwise, the results may be less positive. Quote
Upoctin Posted February 22, 2022 Posted February 22, 2022 Financial markets are often driven by fear and greed. This is an oversimplification, but fear and greed do play an important role in the psychology of trading. Understanding when to embrace or tame these emotions could mean the difference between a successful trade and a short-lived trading career. Quote
Vaabum Posted February 22, 2022 Posted February 22, 2022 The market loves the confident. I learned this when I started working with a broker from ExpertOption. It was then that I realized that it was worth paying attention to. Quote
Upoctin Posted February 25, 2022 Posted February 25, 2022 Fear and greed are common among traders, and they can be quite damaging if they are not managed properly. Often, fear is characterized by a reluctance to enter a trade or prematurely closing a winning trade. A trader who is greedy will add more capital to winning trades or over-leverage in order to profit from small movements in the market. Quote
Guerrero Posted February 25, 2022 Posted February 25, 2022 Traders should not get greedy when it comes to forex. Profits are good, but with greed, your profits might plumit down. Greed does not lead to good results in any area. Quote
Vaabum Posted February 28, 2022 Posted February 28, 2022 Unfortunately, this most often only leads to losses. You need to understand that a trader must be confident in his decisions. Otherwise it might not make sense. Quote
Upoctin Posted March 3, 2022 Posted March 3, 2022 Greed is a powerful enemy of profit. The forex market is highly profitable. We can earn a lot of money here. The majority of new traders cannot control their greediness and trade more and more for huge profits. We need to protect our capital and trade for money carefully without being greedy. Quote
Vaabum Posted March 3, 2022 Posted March 3, 2022 A trader must always be confident in his actions. I really hope that explaining why - will be superfluous? Quote
FXOpen Trader Posted March 13, 2022 Posted March 13, 2022 On 3/3/2022 at 10:46 PM, Vaabum said: A trader must always be confident in his actions. I really hope that explaining why - will be superfluous? When we are doing our trades in the Forex trading markets we will need to use a trading system that is more Reliable for us. Quote
Vaabum Posted April 12, 2022 Posted April 12, 2022 A trader must be confident in himself. Only in this way there is a chance to achieve success and get a positive result. Quote
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