Yes we have to know and understand that Greed is the main factor responsible for the loss in the Forex.
This is especially true when we are considering that our career as well as success is at stake.
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Yes we have to know and understand that Greed is the main factor responsible for the loss in the Forex.
This is especially true when we are considering that our career as well as success is at stake.
yup, we could be both of our friend and even an enemy, it's depend within ourself how to manage those two options. good knowledge, skills and experience usually is a good source that will reduce the pressure the side of ourself who tend to become our enemy. so the more you're good in knowledge then the more you will have friend in forex..
yes i agree with you that if we want to be open a good trade make profit from this then we should be control our emotion and be relax because greed and emotional trading is very harmful for our trading.
as a human being we are full of emotions .now it depends on us that how can we use our emotions in a right direction.these emotions can make us good or bad personality.in trading some times we get profit and sometimes we faces loss.these are the parts of business. at the time of loss we should have patience and don,t be dis heart.
A trader who trades manually and is solely responsible for all his losses and you can not say the trader is the enemy of himself. It is the normal human behavior that a man gets confused under pressure but with good knowledge every thing can be normalized.
When we say that yourself is the true enemy, it means that you are the only one that can defeat yourself in forex trading if you enter the market unprepared. So when you have an enemy what do you do? You look for way to eradicate the enemy so that you will have a free way to move. That same way you look for a way to eradicate your unpreparedness so that you can have a free course to make profit in forex trading.
The thread title is exactly true, we are our own enemies because each and every wrong decision is made by us. We do mistakes ourselves. Forex is the business that needs a great deal of knowledge and experience in a trader, now it is our mistake that we start trading without proper knowledge and education.
Yes of course i am agree with you. But did you notice other then fear and greed there are also other emotions that effect trading. That are over confidence , hope and expectations. You said that control yourself, and these thing are also important to control and never overlooked them