Now, I realize how greed affects us.

i am newbie and started forex before two months...while tradin with the big lot i lost all my capital..because i want to earn more with overnight..so i also realized the how many dangerous thing greed are ??

Sure I and also many other traders have experienced the greed factor as well, though I made a personal note to learn from it. In my last trade for the year, I opened a trade and targeted more profits than usual. When it was obvious that the trade was going to go against me after getting close to my tp and reversing, I just close the trade with less profits.

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Originally Posted by sathish999

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

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Stops are the main thing that you must use in forex. Also greed is the first reason why traders get loss. In forex you must control your eotions. and do not trade when you feel like emotional or revenge after getting loss.one should develop his psyche along with his technical and fundamental abilities.

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Originally Posted by blackprince4u

Stops are the main thing that you must use in forex. Also greed is the first reason why traders get loss. In forex you must control your eotions. and do not trade when you feel like emotional or revenge after getting loss.one should develop his psyche along with his technical and fundamental abilities.

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Very well said, greed is really a very bad enemy of us and we should avoid it as much as we can. Avoiding being emotional is necessary and we have to control on our revenge too after we lose in our trades. Technical and fundamental analysis is much more supportive if we have both of them.

agar aapko ye baat samjh me aa gayi hai to aapke account ke liye bahut hi acha hoga kyunki forrex me greed ki wajah se sabse zada loss hota hai traders ko..greed ek aisi chiz hai jo ki kuch hi palo me aapke account jko margin call tak la sakti hai..kayi bar tardres ko ye baat samjhne me time lag jata hai aur kayi bar tarders jaldi samjh jate hai..apke acount ke liye bahut acha hoga agar aap time se samjh jaye ki greed kis tarah aapke account ko margin call tak la sakti hai

indeed true forex is a business that has a great opportunity,my trader have only a small capital and not to be greedy,my new traders who are struggling to understand the forex and getting profit from th transaction that i do,i believe it can not be instant and requires a process.

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Originally Posted by assi

I too like my friend that stop loss should be used in every trades and we do not know what happens with us if we will do the bad trades in our systems so i think we should always use the stop in every trades.

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stop loss forex ka sabse zaruri tool mana jata hai kyunki ye money management ka ek bahut hi bada hissa hota hai aur iske zariye traders apne account ko margin call se bacahte hai..forex me aise kayi mauek aate ai jab traders se galti ho jati hai jis wajah se unka account margin call tak aa jata hai lekin agfar ap stop lsos ko thik se use karenge to apke acount ke liye bahut hi faydemand rahega

Yes Greed affects a lot while trading and is the main cause for loosing money here. so we should learn to control the Greed and guide the energy in a proper way to aid the analysis and get good profitable signal to trade.

I think you should first your daily profit targets according to your capital and trading skills so when you achieve you targets then close your trading account and control you greed and emotions if you want to earn money from forex market.

iss bat ka pata mujhe bhi chal gaya hai ki greed bahut khatarnak hoti hai maine issi greed ke karan 50$ loss kar diya aur sath me mera account bhi nill ho gaya hai jisse mai trade bhi nahi kar sakta aab to bas post kar ke hi bonus kama raha hun