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  1. #1
    Join Date
    Mar 2019
    Posts
    313

    Greed is the most dangerous emotion

    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 XeroMarkets broker that has over 77 trading instruments. You can choose your best from here.

  2. #2
    Join Date
    Jan 2020
    Posts
    30
    In general, it emotionally affects the trading very badly, because it does not allow us to concentrate, and when we have greed, this is a direct path to failure.

  3. #3
    Join Date
    Apr 2020
    Posts
    100
    Everyone has long known that greed is the biggest enemy of every trader and it is because of this that many many leave this sphere of work

  4. #4
    Join Date
    Apr 2016
    Posts
    603
    Greed is one of the most dangerous factors that leads a successful trader towards a failure, where their profits are at high risk and they occur loss due to wrong decisions.

  5. #5
    Join Date
    Apr 2020
    Posts
    1,380
    And greed affects it only negatively? On the other hand, the trader will be much more accurate so as not to lose their money.

  6. #6
    Join Date
    Feb 2020
    Posts
    39
    Because of greed, many lose a lot of money, although initially they wanted a quick income or enough time for it is surprising

  7. #7
    Join Date
    Jan 2020
    Posts
    257
    For some people, trading is easy, for some people it is very tough. It is fully depend on the knowledge and techniques trader has. If he can do all the trade very sharply it will be very easy to make a profit. But those who can't deal with the trade simply with their mind may face difficulties in the forex market. Sometimes some trader feels the trade tough just because of their low knowledge. Knowledge is the main element in the forex market. To have knowledge about forex you can rely on AtoZ Markets. They provide all the latest information and analysis of forex. It can help a trader to become successful in this huge profitable market.

  8. #8
    Join Date
    Mar 2020
    Posts
    178
    Fear and greed are often identified as the main drivers of financial markets. This is clearly an oversimplification, however, fear and greed do play an important role in the psychology of trading. Understanding when to embrace or tame these emotions could prove to be the difference between a successful trade and a short-lived trading career.

  9. #9
    Join Date
    Jun 2015
    Posts
    333
    Greed can be like diabetes, it can make us empty from inside, so if we want to be successful than we need to strike right way to work out. Forex is a rare gem of a business where just remaining sensible is enough to bring out great rewards for taking. But, it’s just that greed that kills it but fortunately, I am able to control it fairly well which is to do with FreshForex broker and their prestigious offering in 101% bonus on deposit, its superb!

  10. #10
    Join Date
    Jul 2020
    Posts
    744
    This industry is really not a place for fear and doubt. Only with confident actions can a trader get a positive result of work.

  11. #11
    Join Date
    Apr 2017
    Posts
    714
    Forex trading is the most famous and profitable business in the world. You can earn a lot of money from the forex market if you have strong knowledge and good strategy. To make yourself a professional trader you should use an unique strategy. An unique strategy always helps traders to earn maximum profits from the forex market. I always try to find out an unique strategy. My broker TP Global FX always helps me. They always try to provide their best service. They never make disappointment to their client.

  12. #12
    Join Date
    Jul 2020
    Posts
    744
    Fear in this industry has a very negative impact on results. It is worth realizing that the trader immediately begins to doubt and makes the wrong decisions.

  13. #13
    Join Date
    Apr 2020
    Posts
    1,380
    Fear in this industry always has negative results. It is worth realizing that in the end this will lead to the wrong decisions of the trader.

  14. #14
    Join Date
    Jul 2020
    Posts
    744
    The trader must always be sure of his actions. Otherwise, it is very difficult to get positive results of work, as for me.

  15. #15
    Join Date
    Dec 2020
    Posts
    28
    The desire to earn more quickly and more - this leads to the fact that as a result you simply lose and for your greed you get complete disappointment.

  16. #16
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,157
    Quote Originally Posted by Mauricar View Post
    The desire to earn more quickly and more - this leads to the fact that as a result you simply lose and for your greed you get complete disappointment.
    We need to learn how to control our trading so that our profits can become more and we can get success from this business.

  17. #17
    Join Date
    Jan 2021
    Posts
    405
    in general, greed has never brought any plus in any work, so think about how you will work and by what method, this is too important in forex

  18. #18
    Join Date
    May 2020
    Posts
    1,473
    Fear in this industry is actually a very dangerous feeling. It should be understood that in this case it will be really difficult for a trader to realize himself and his strategy.

  19. #19
    Join Date
    Jan 2021
    Posts
    12
    You will not get the desired result, but, on the contrary, you will only be disappointed if you refer to quick and easy money without making any effort.

  20. #20
    Join Date
    Aug 2017
    Posts
    1,331
    Emotions is the main enemy of a trader. It is true that as a human being we can not control our emotions easily. But in forex trading it is very much needed to control the emotions. Loss is a part and parcel of forex trading. Most of the trader get emotional or angry while they have faced losses. But every trader should have positive intentions. They always try to recover their losses. I am trading with Forex4you. Sometimes i have to face loss also. But in that time I think about my mistake and try not to do the same mistake again. My broker helps me to recover my losses and convert it into the profit.

  21. #21
    Join Date
    May 2020
    Posts
    1,473
    Self-doubt always plays a very negative role in this industry. Most often this leads to losses due to their own cowardice.

  22. #22
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,157
    Quote Originally Posted by malopis View Post
    Self-doubt always plays a very negative role in this industry. Most often this leads to losses due to their own cowardice.
    We must not have any greed while doing our trading because the main factor here is to be able to get success from our trading.

  23. #23
    Join Date
    Jan 2021
    Posts
    405
    and not only greed can prevent you from working successfully in Forex, all these aspects need to be removed from your life, not only from work

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