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yes bro i also experience the same thing in my life.due to my over confident and greedy i lost almost 500$ in the beginning.now i realise my mistake and correct it.dont be greed it always pulls you to the extreme lossQuote:
Originally Posted by nuh514
i believe greed is the traders worst enemy. i have also been greedy at sometimes and the results arent that pretty . so i try to stick to my strict money management like glue and ever deviate from them greed can bring the best system in the world down to its knees and cause you uneccessary financial loss !
greed can affect us in very badly way because greed is the factor that made may traders to losse their whole money. so always avoid greed in you trading
Of course excessiveness of anything including greed is bad. Not closing trade even if in good profit and expecting more and more may suddenly bring the trade in losses - so always have an upper cap on your greediness.Quote:
Originally Posted by hindlekar
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 ??
Yep, it is really important to trade very carefully. We are human and we have lots of greed. For that reason we lose money in our investments. Especially in forex, when we get profit, we want more. And that is the reason of getting huge loss. We should not keep trading pairs for more time. When we see that we get profit, we should close those transactions to take that profit quickly. Or else we will become a loser in forex market.
greed is bad for all sorts of work we do. we should not develop such passion. i think all the trader are here loose a lot only because of it. so, beware of it guys.happy trading
Greed not bad for one time. You have to avoid for all time. For greed you can not take decision good and could not keep confident on your analytical power. Many of time you will earn. But I strongly say that one time you will loser. It not expect anyone. It may you damage in trading. So that you have to learn first and earn slow. Take experience and make plan. Take confident on your trading journal. Work confidently. Avoid greed and fear for become a good trader.
ofcourse greed ki wajah se hi to aaj forex par sab koi loss karte hai...agr greed na ho to loss bhi kam ho lekin lalach insan ko le dubta hai...jo apke saath hua wo generally sabke sath kabhi na kabhi hua hoga
Thank you for sharing such a great experience. We also should be alert from loosing money and greed is only responsible for that. When we realize that clearly we stop being greedy at a certain time just like you shared yours. When i trade, i don't wait for big profits because i am satisfied with small profit as well as i am a doing demo still :D