Now, I realize how greed affects us.

[warnisw]

yesterday i sold usdjpy on 80.00 i set tp to 79.75, than before i went to slepp, i tough i can make more, and set tp to 72, in next morning i wake up and notice that price bounced ON 73! and i was really like, OMG!why i did that! many times when we are in loss we wont close trade, but when we are in profits emotions will push us to close(depends on trader) or put bigger tp

[mmassi]

Yes I agree with you my brother does not fear much effect on our business and I am still not satisfied with the results I got, I always try to get more without realizing how I may face, I always wanted to get more profits and sometimes I want to be rich overnight, that's what I want but it is not easy enough to do that.

[seri]

I know that there are a lot of traders get loss in trading forex market, because they are too greedy, they don't know how to control emotion. So traders should learn how to control emotion first, this part is very important in trading forex market.

I am agree if controlling emotion is hard thing to do but it's important thing too because many traders who made bad decision because they
are too emotional to follow condition in the market without making good analysis first. And many traders who broke the rules because they
want to gain high profits in short time. Greed usually caused big losses in short time so it's important to have stable emotion.

[biouscope]

I lost $220 last time in my trade. And all was due to my greed. I was just having few profits. But I thought I will stay for more time and gain more profit. And that was my mistake that lead to loss. I was really upset then but most importantly I realized how greed affects our trade. How about you traders?

yes i also face situation like this. dont upset urself i had bigger loss then u. so u are no alone in this situation. i think every newbie has facwe tis situation due to lack of experience. losses in early career is better to learn the forex trading.

[ishvara]

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.

[Nabi Ahmed Gill]

I lost $220 last time in my trade. And all was due to my greed. I was just having few profits. But I thought I will stay for more time and gain more profit. And that was my mistake that lead to loss. I was really upset then but most importantly I realized how greed affects our trade. How about you traders?

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.

[netra]

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.

[Forexboy]

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.

[sachin]

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..

[barkiman]

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.