Never be greedy in Forex trading business.

[FXOpen Trader]

Couldn't agree more with you. More greed will give more amount to loose in trading.

I can say for sure that we will need to reduce the losses and increase the profits.

 

[Manscape]

Greed pushes you to act in ways that you shouldn’t and sometimes, it can really be very dangerous for your career. You become irrational while making trading decisions that lead to over-trading, revenge trading, chasing the market, and even holding positions for unnecessarily longer times.

 

[Karley Walker]

Greed is one of the most common issues here; traders want to make more money here, although their trading skill is below the point! If you follow your greed or luck, surely you’ll face such a big loss! So be careful!

 

[beanpole]

Greed may bring you detrimental losses in forex trading. Often, people get swayed by emotions and start following trends to gain quick profits without doing proper analysis. This results in high losses and despair for the traders, forcing them to quit. Don’t be greedy while trading, but instead be calm and patient to get good results.

 

[Gito Dinev]

Greed is such a quality that destroys a trader completely. But it is shocking that you will barely find a trader who is devoid of greed. The reason behind joining Forex trading is greed and if you don’t believe me, you can ask people. Certainly, you will receive the answer what I have just told you.

 

[traderface]

Greed forces a trader to open a large trading position and neglect risks that are involved in the trade.

 

[Bandwagon]

Greed is quite a difficult emotion to battle. It holds the potential of single-handedly taking down the trader and his career if left unchecked. Here are a few techniques that should be followed in order to avoid losses:

Follow a strict trading plan outlined by your long term goals

Focus on making decisions backed by strategies

Start small

Shun all unrealistic expectations of generating quick and easy profits

 

[FXOpen Trader]

Greed is quite a difficult emotion to battle. It holds the potential of single-handedly taking down the trader and his career if left unchecked. Here are a few techniques that should be followed in order to avoid losses:

Follow a strict trading plan outlined by your long term goals

Focus on making decisions backed by strategies

Start small

Shun all unrealistic expectations of generating quick and easy profits

We will need to make use of such kind of a Trading system that is easy to understand and use.

 

[Underwit]

Greed stops us from seeing things clearly. Trading in forex can be highly risky due to the market's volatility and unpredictability. So traders should act practically and avoid taking uncalculated risks.

 

[Hangdog]

You can’t be greedy in the forex market. If you enter with such a narrow mindset, it will be impossible for you to pick up new skills because you won’t believe it. How you choose to approach the market can change your entire journey. If you work on building patience and keeping the discipline while you focus on gaining profit, you will succeed.

 

[Fx Master]

Maximum traders in Forex like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.

 

[LouBega88]

Today most trading brokers lack good trading environment. There are a lot of brokers that offer traders a nice environment of trading and traders should trade with such a broker with whom risk-management is easy. Traders should choose the right trading style that suits them actually.

 

[Isotaach]

I always remember the story of the dog and its shadow from Fables of Aesop, and I think that greed sweeps not only their money but their life as well. All covet, all lose! While everyone agrees that greediness is what makes them lose it all, not many are actually concerned about it.

 

[Akira Rush]

Greed has never done anything good in the long run. Greed often makes us lose our head and money too. A forex trader should set realistic and attainable goals so that they don’t deviate from their strategy due to greed.

 

[Polymania]

Many say Fx traders shouldn’t be greedy and should have a good mindset but greed doesn’t always have to be negative. It can be a strong passion to earn profit by following a plan and just making the right moves. Some opportunities may not be profitable, some may be. It depends on how a trader chooses to carry out a specific trade and analyses the market. Greed can turn negative if a trader is overtrading and losing capital repeatedly. Profit is earned over time, traders need to find patience to sustain longer.

 

[Nugacious]

Greed is common amongst everyone who may enter the market, it is how a trader manages to suppress their emotions and take charge of the situation by controlling their impulses to over trade or sound too much too soon. It is important to follow a plan, maintain discipline in their moves during the journey and keep a budget. This helps manage risk and money efficiently.

 

[FXOpen Trader]

Greed is common amongst everyone who may enter the market, it is how a trader manages to suppress their emotions and take charge of the situation by controlling their impulses to over trade or sound too much too soon. It is important to follow a plan, maintain discipline in their moves during the journey and keep a budget. This helps manage risk and money efficiently.

We do not have to be Greedy as we will need to make Efforts so that the losses are controlled.

 

[Prelect]

In history, we see greed as one of the factors of destruction. A single mighty force, able to destroy kingdoms and empires in one go! Things have not changed at all. In trading, greed can lead to making wrong decisions that can bring more losses to traders. This is why experts advise newbies to have the right trading psychology to ensure that the emotions of greed and fear don’t affect the trading decisions of traders.

 

[Substractor]

Greed is a strong emotion that blurs your view in the forex market. When you think that every market movement is a money-making opportunity, you start taking up unnecessary risks. But when you know that there is a lot more that you will have to do to stay in the market, you work on controlling your emotions so that you can focus on doing what is right.

 

[Feticide]

Greed always makes us lose our head and it only ends with huge losses in forex trading. We should be careful with the risk we take with each trade and play it safe.