Robert M Posted February 2, 2021 Share Posted February 2, 2021 Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making money. But we should control our greed if we want to stay in the market and make profit for long. I am trading with Eurotrader broker that has over 100 trading instruments. You can choose your best from here. Quote Link to comment Share on other sites More sharing options...
Dora Wi Posted February 4, 2021 Share Posted February 4, 2021 Greed and consequential overtrading or revenge trading is certainly a dangerous thing. Some confuse greed with confidence, and while confidence is needed, we must not overdo it. It's better, especially in the beginning, if one focuses on progress and learning and tries to forget about the money as much as possible. That way it's easier to resist giving control to the emotions. Quote Link to comment Share on other sites More sharing options...
gds221 Posted February 4, 2021 Share Posted February 4, 2021 In trading, many emotions can hurt. It is worth understanding that the trader needs to be as resistant to emotions during work. Quote Link to comment Share on other sites More sharing options...
Thorgagar Posted February 5, 2021 Share Posted February 5, 2021 Greed is one of those emotions that I, inherent in beginners at the initial stage of trading, so the faster you get rid of it, the faster you get good results. Quote Link to comment Share on other sites More sharing options...
gds221 Posted February 5, 2021 Share Posted February 5, 2021 Fear and uncertainty during trading can only harm the trader, and most importantly, can lead to losses. Quote Link to comment Share on other sites More sharing options...
Tindenucac Posted February 6, 2021 Share Posted February 6, 2021 a trader must control any of his emotions if he wants to work profitably Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted February 11, 2021 Share Posted February 11, 2021 On 2/6/2021 at 11:23 PM, Tindenucac said: a trader must control any of his emotions if he wants to work profitably Many times it will happen that we will be using emotions in our trading that can give us more losses than profit . Quote Link to comment Share on other sites More sharing options...
Ceban Posted February 12, 2021 Share Posted February 12, 2021 No trader has achieved a good result yet if his greed exceeded his mind. Quote Link to comment Share on other sites More sharing options...
gds221 Posted February 12, 2021 Share Posted February 12, 2021 It is worth concluding for yourself that this will only lead to self-doubt and actions. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted February 12, 2021 Share Posted February 12, 2021 It should be understood that fear in the end will only lead to the fact that the trader will simply be uncertain about actions. Quote Link to comment Share on other sites More sharing options...
Lechosław Król Posted February 12, 2021 Share Posted February 12, 2021 Greed is an emotion that is very terrible. Trading with that emotion is more likely to cost you valuable money. I tell every trader to give up this greed. If a trader can never get rid of this greed, he will never be able to continue trading. There are many traders who trade in the hope of making more money. I think it's one of the worst emotions that can hurt you. Quote Link to comment Share on other sites More sharing options...
gds221 Posted February 13, 2021 Share Posted February 13, 2021 I believe that any emotions during trading may not have the most pleasant consequences, so you need to be as attentive as possible with this. Quote Link to comment Share on other sites More sharing options...
Juleenelya Posted February 18, 2021 Share Posted February 18, 2021 well, in general, if the trader works and at the same time succumbs to greed, then he will not go far and will drain the deposit very quickly, this is already a proven fact Quote Link to comment Share on other sites More sharing options...
Erienner Posted March 6, 2021 Share Posted March 6, 2021 I have not yet seen greed in any aspect of life lead to something good, and forex is no exception Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted March 11, 2021 Share Posted March 11, 2021 in general, greed has never brought anything good, so think about leading yourself in this or that occupation Quote Link to comment Share on other sites More sharing options...
gds221 Posted March 18, 2021 Share Posted March 18, 2021 Uncertainty always gives rise to wrong decisions, and as a result - losses. Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted March 30, 2021 Share Posted March 30, 2021 in general, greed in forex leads only to losses, even if you look at how they choose a broker, many do not look at the fact that a broker can be scammers, but see only beautiful promises in advertising, for example, I made a choice of a broker on the advice of a friend, and very much I am pleased that I have chosen a reliable and high-quality broker - Amarkets Quote Link to comment Share on other sites More sharing options...
Vaabum Posted July 17, 2022 Share Posted July 17, 2022 For a trader, this is an extremely negative feature. You need to be confident in your actions, otherwise losses cannot be avoided. Quote Link to comment Share on other sites More sharing options...
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