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greed is a blaspheme in every tract. So make your emotions of covetousness within boundary and do not let them to get out of ministry. Any slipway it is sad to see that you irrecoverable your loved money but it is superior that your individual realized your fault and module not do that misstatement again.
Learning is not best way to eliminate greed, best way to eliminate greed is not over trade and use big lot size. Also be content and have reasonable target. Even if you learn all the books of trading, can only control greed by emotional control and have small target in trade, or have good analysis and use of small lot size if swing trader.
Greed is very dangerous we have to go for the trading with control on our greed also we have to go for the patience and so that we can do our best here.We have to follow the news and win here.
every one want to earn more but greed arise when we want more than what we have ..in forex sometime we dont take a present profit and after waiting some time market go to wrong directon and its eat our profit..so to avoid such situation we have to control our greed and also we shud satiesfied our self with what we have
you are right, in forex, you can not suppose. when you've got 20 pips profit, in your mind come an understanding that prices will still continue to profit 30 pips, then the position you hold. but, within a few minutes, it changes direction, you can only silence when your profit is reduced rapidly, and eventually turn red. is a result of your greed. if you immediately take profit 20 pips without thinking long, then it is definitely profit are included in your pocket.Quote:
Originally Posted by Ronak
right forex is good business and prospects but need to seriously because it is very complicated. much to learn and do not despair, keep learning, especially from the experience of past mistakes..
After negotiating for several months and blowing my account number and time especially when all my lost trades were winning most of the time I realize that greed is the worst enemy of a trader and it's hard to control, always use to take profits on its business and book profits on the basis of your study and analysis before opening a business.
Greediness can be lethal during the trading market as its having no end and people have to control this with patience and understanding ,otherwise your trading account may get vanished within a span of time.One have to control this emotions to trade in the market and thus could overcome many problems in the market.
yahi to bat ha haum apna emotion ko control nahi karta han or apna balance ko kho data han es laya hum achi tradig nahi kar satka han ya boht dafa hota ha balaka her member kabi na kabi apna account kho data han why bahi ap margin call ko kasa nazir andaz kar sakta ho mauja aj tak ya bat samaj nai ayee.Quote:
Originally Posted by Jazpa
Greed affects us in a way that is scary. It makes us to want more money in our trading accounts and this prompts a very high risk trading. This high risks leads to high losses in events of margin calls.