Huge profit can create greed

[David Marco]

Yes. I agree with you. you should control your greed if you want to become successful in this market.

 

[Svetlana Loboda]

actually making profit is not a big deal in Forex trading , the main things in there to keep consistent level which is the main challenge . anyone can make profit by one or two times.

 

[Cooper Truebridge]

Greed and the restlessness of making money quickly do the havoc. From the beginning most people consider trading like gambling. They want to make huge money overnight. They do not follow any risk management policy.

That’s right, I think greed and fear can ruin a trading career. Although greed can bring a lot of profit it is very risky.

 

[stefaniawendt]

Yes, that is true. In fact, that is a major reason why traders lose. I have seen many new traders start trading thinking that they will be able to make money easily. But when reality hits, they fail to take it and overtrade, which further results in more losses.

 

[adamartin]

Kind of but not for sure. I have seen consistent traders who balance their trading. Greed to earn money will eventually create emotional imbalance in the minds of traders.

 

[Kazumu Fukunaga]

Greed and the restlessness of making money quickly do the havoc. From the beginning most people consider trading like gambling. They want to make huge money overnight. They do not follow any risk management policy.

 

[Mark Dahl]

Emotion is dangerous in trading. Many lose money because of that.

 

[Gito Dinev]

Greed is a bad habit of traders. Better avoid it.

 

[kathrinedees]

Greed will only lead to failure and losses. I strongly believe it's the overconfidence that drives a trader’s greed. One good trade and traders begin to feel that they know it all and trade in every market condition. This is where they need to control their emotions and execute trades when there is an opportunity to make money.

 

[Oscar Shumack]

If you have sufficient market knowledge, I think you can control your greed. Earning knowledge on how to use indicators properly should be the first and foremost target of traders.

 

[Eduardo Lucchese]

Yes, I agree with you in this regard. Greed is the enemy of forex traders. Forex traders’ greed can influence them to take more risk in trading.

 

[Alexander Hudson]

Greedy traders can’t survive in Forex for a very long time. Forex creates greed in traders but traders have to control their greed at any cost.

 

[SaadBinToha]

Real forex traders are not greedy because they are well-known of the harsh reality of Forex market. They do take lessons from their mistakes.

 

[FXOpen Trader]

Real forex traders are not greedy because they are well-known of the harsh reality of Forex market. They do take lessons from their mistakes.

We will need to start learning from the mistakes so that we can get more income from our trading business.

 

[Aaron_0]

It’s true that greed is clung to human nature but those who have already passed much time with the market are expected not to be driven by greed.

 

[Ethan]

Yes, you are true that high profit can create greed so we should be satisfied with moderate amount of profit.