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[Razor1911]

Forex market is a game of emotions. You never understand this while trading that you were driven by enotions until it is too late. One of them is greed. Many people wants to earn huge money in short time here, such mentality lands the. In critical situation.

It is adorable that every trader should trade with proper discipline. They should always try to control their greed, because greed will only encourage to earn more and more ultimately land yoh in dire situation.

 

[Skysaint]

You are right on this my dear. Greediness will only end up making you lose focus and also a kinda blindfold you not to see the reality of things. Greediness is never advised in any business talk less forex trading.

 

[Skysaint]

You are right on this my dear. Greediness will only end up making you lose focus and also a kinda blindfold you not to see the reality of things. Greediness is never advised in any business talk less forex trading.

we as humans cannot escape greed, because it is a natural instinct of normal human psychology. therefore what we need to do is train ourselves to control that greed

Yeah, my point is just that whether you have to control it or avoid it, you just need to be careful not to be obsessed by it while taking decisions or making plans as regards to forex trading.

 

[ashim kate]

Forex is not a get-rich-quick scheme and as such you should focus on building your portfolio little by little and you should not be greedy at all. Being greedy is going to make you to take a lot of unnecessary positions and I thought you are going to lose a lot of money that ordinarily you should not.

 

[dorcasy]

Forex market is a game of emotions. You never understand this while trading that you were driven by enotions until it is too late. One of them is greed. Many people wants to earn huge money in short time here, such mentality lands the. In critical situation.

It is adorable that every trader should trade with proper discipline. They should always try to control their greed, because greed will only encourage to earn more and more ultimately land yoh in dire situation.

If you can't master your emotions to the point of discipline yourself,you definitely have a long way to go in the market.
As a trader we should be rest assured that we can't make the whole profit in a single day from a single trade,we don't have to always meet our target because that's one of the reasons people spend time trading continuously.

 

[Kubiat-Abasi]

Greed and fear ultimately drives the market indeed. In trading, it is somewhat inevitable to say that fear and greed runs the market. Fear is something that comes from within and is normal most especially for novice and it can only fade gradually after consistent trading whereas greed can be controlled if the traders make an effort to. Greed is one factor that makes traders incur losses. Traders should eliminate greed by setting only realistic and achievable goals in order to curb losses.

 

[Kubiat-Abasi]

Forex market is a game of emotions. You never understand this while trading that you were driven by enotions until it is too late. One of them is greed. Many people wants to earn huge money in short time here, such mentality lands the. In critical situation.

It is adorable that every trader should trade with proper discipline. They should always try to control their greed, because greed will only encourage to earn more and more ultimately land yoh in dire situation.

I'll also add that the urge of taking loans to trade is also an attribute of greed to some specific traders. Outrightly, I avoid the urge to take loans even for a business or my academic pursuit. No matter how rewarding trading on cryptocurrencies or Forex can be, it wouldn't warrant me taking a loan. What sort of high risk investment would that be? I would never see a risky situation and deliberately out myself into it just to gain the mark of a risk taker.

 

[btaliat]

Not only in forex but trading in general. Being greedy won't produce anything than making a trader losses all what he has gained. That is the reason for an intending forex trader to know about financial discipline. A trade should know when excess gain is becoming dangerous. When a trader meets his target, it is advisable to step down m

 

[Kubiat-Abasi]

Having the ability to control your emotions is very necessary when it comes to forex trading because many people see it as a quick money making scheme which isn't so managing your emotions especially greed is an important thing that each trader should be able to control very well to avoid regrets.

Actually, apart from Forex trading, I've been a victim to losses on; Hyips, Ponzi schemes and Forsage TRX. If I had invested those money in real estate, I'd definitely buy a plot of land at the time. Well, I just take all those as learning experiences and try to use stop losses while trading. I also try to reduce my greed excesses and subdue or eliminate emotions while trading to salvage losses.

 

[Wisdom01]

Most traders actually sees it as a get rich quick scheme so they could invest and earn more profit they make use of high leverage and let greed use them instead of them having patience and grow their account little by little but that eagerness to earn more would lead them into trouble of too many loss in that regard

 

[Skede1]

Yes, Forex trading is not something you can be greedy with, you need to be cautious of yourself and don't put too much money on. Incase things didn't go has planned or wanted.

 

[Lobardi]

You are Right you should never be greedy in any business whatsoever because that can ruin the chance of having long term growth for your business and that is what most businesses actually work hard for to be honest in my opinion

 

[Bisola]

You are right on this my dear. Greediness will only end up making you lose focus and also a kinda blindfold you not to see the reality of things. Greediness is never advised in any business talk less forex trading.

It is true some people tend to be very greedy and as a result of that they would lose all their money when you see that you have made a little money you can stop the trade so that you won't lose all your money but if you don't stop this trip there is a possibility that you will lose your money so you have to be very careful when you are trading.

 

[Shigobad2020]

You are right on this my dear. Greediness will only end up making you lose focus and also a kinda blindfold you not to see the reality of things. Greediness is never advised in any business talk less forex trading.

Greediness in all aspect of life either in business , investment , education or any aspects always lead to loss If care Is not taken, thats why you just need to be investing what you can afford to loose when investing , so you won't be affected if you loose everything.

 

[Shigobad2020]

Most traders actually sees it as a get rich quick scheme so they could invest and earn more profit they make use of high leverage and let greed use them instead of them having patience and grow their account little by little but that eagerness to earn more would lead them into trouble of too many loss in that regard

Greedy traders or business entrepreneur tend to loose big time and it always drag them down whereby they loose it all and atimes runs into debt , imaging seeing people making money on an investment and you just rushed into it without making the proper research.

 

[Wisdom01]

Greedy traders or business entrepreneur tend to loose big time and it always drag them down whereby they loose it all and atimes runs into debt , imaging seeing people making money on an investment and you just rushed into it without making the proper research.

that's the problem ,and apart from greed ,most people sees the forex market as gambling , anytime they just see an increase after they have place an investment ,they would just withdraw so fast and not knowing that they could get caught in the market at any point in time and the need for them to be more careful

 

[MayorKayz]

Forex is not a get-rich-quick scheme and as such you should focus on building your portfolio little by little and you should not be greedy at all. Being greedy is going to make you to take a lot of unnecessary positions and I thought you are going to lose a lot of money that ordinarily you should not.

That is true. When you first said that forex is not a get rich scheme. I wanted to argue with you but when I continued reading and you said that building little by little, it is then that I understand you.
Greediness is one thing that will make us lose our money when trading forex

 

[Wisdom01]

That is true. When you first said that forex is not a get rich scheme. I wanted to argue with you but when I continued reading and you said that building little by little, it is then that I understand you.
Greediness is one thing that will make us lose our money when trading forex

yes forex is not a get rich quick scheme , inorder to build your earnings we have to go little by little and not so fast ,those who try to earn all in a very short time ,tends to regret at the end ,that's why it's never a get rich quick scheme many that are investors needs to note this

 

[MayorKayz]

yes forex is not a get rich quick scheme , inorder to build your earnings we have to go little by little and not so fast ,those who try to earn all in a very short time ,tends to regret at the end ,that's why it's never a get rich quick scheme many that are investors needs to note this

It has once happened to me. Then I had $5 on my cryptocurrency wallet and I just decided to play with it. So I moved it to my forex account and traded with it.
Because I wasn't serious with the trade as I am ready to lose it. So I made some trades carelessness and for 2 weeks the $5 turns to $21. So when I continued the trade, it started reducing and because I was not serious with it and I had no time to check on my trade. I later lost the money and it reduced to $0.56.

 

[Horia_10]

It has once happened to me. Then I had $5 on my cryptocurrency wallet and I just decided to play with it. So I moved it to my forex account and traded with it.
Because I wasn't serious with the trade as I am ready to lose it. So I made some trades carelessness and for 2 weeks the $5 turns to $21. So when I continued the trade, it started reducing and because I was not serious with it and I had no time to check on my trade. I later lost the money and it reduced to $0.56.

That's the reason in just consider it same as gambling because you are wagering on a outcome and if you are in profit you will always likely continue and if you are on loss then you won't be able to quit and then will loose everything both are same for me actually especially binary options is the riskiest