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well dear I really do believe that i have lost 300$ one time since i didnt keep stop loss. i was really vexed. first it was in 100$ profit . i thought of closing when the profit was more than 50$ due to greediness and since the market got reversed i lost
well actually my dear in forex do I consider greed affects on the trading directly on both ways Positive and Negitive. but mostly greed gave you big loss . so i advice that trade anything without greed. because small profit is very good than the big loss
well dear actually it is no doubt that greed affects us in a way that is scary. actually greed is enemy for the human being,not only in forex trading but also in every cases.greed hampers human being.in forex trading it is like a tumor.unless and until one can not up-rut greed have no bright future in trading.
ji haan greed bahut ho dangerious hai kisi bhi trader ke liye maine bhi greed ke wajah se bahut loss kiya hai agar aap greed ko control karne ki koshish nahi karengey toh hamesha loss hi karengey isliye humein koshish karna chhaiye ke hum isko jitn aho sakey control karey bhai j.iQuote:
Originally Posted by Nawaj hussain
This thought always make us to lose more money is greed that put this thought in us, and if we do not control it, it can make us lose the profit we have make already, forex trading is a hard business so is important that we manage the little we see.
well actually my dear in forex do I consider greed is very bad for trading so better to remove greed in your trading always be patience and confident when you open your new trade, the best way to eliminate the greed is learning, get more learning for improvement of your trading forex.
Absolutely right with what you say, greed is a bad thing that you should avoid in forex trading. several times I have often said, and I often alluded to when I wrote a comment that greed will make you loss and will lead to a margin call. Therefore, limit your profit. if today already meet the target then stop trading.
well actually my dear in forex do I consider when we open a position we have to know the reason and when we want to quit we need reasons also.when you were making profit then you have to watch the charts very clearly.and look for the resistant or support line if you are around there.you can easily see if the market cant break them.
well actually my dear in forex I do consider greed is one destructive emotion and attitude posses by traders. Lucky are those who can control their greed while trading. Greed can make you trade with higher lot size and double lots. Greed can give you heavy loses and margin accounts but it is also one thing that is hard to avoid.
Greed is very bad, it has clothed rich men with mere rags. The desire to have so much more makes people lose even what they already have. This is most common in forex, so if we aim to make money consistently from trading, then we must root out greed in our minds.