Now, I realize how greed affects us.

[maksibanu]

I think loss is a good experience for us. and like wise man said, experience is the best teacher. If you want to success in forex trading, maybe you should start use a good money and risk management. with good money management, you can limit your loss by set your stop loss in certain % of your equity. And another suggestion for you, maybe you may set your daily target not too high. and separate them in 2-3 times trading :-)

[abdulRehman123]

facing a margin call or a big loss is a very good lesson for the forex aspirants, it brings him/her back to reality from his/her dreams. forex is a serious business and one should treat it seriously, its no child's game. one cant get what he/she wants (profit) all the time, so one should be well prepared to get some losses and try to limit it, if he has to make profits

[kuda]

Yes true greed will affect our lives so that our order had resulted in profit does not belong to us because they feel less greedy lot would be lost due to delay due to close orders that have profit yes greed is not a very good attribute of a good forex trader because the more we trade with greed the more we get to lose our account so i think i will advise all forex traders never to trade with greed because greed blow our account in the shortest possible time i trade with greed before and i know the out come

[kokorotak]

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 yes aisa bohat bura hota hai aur literally bohat hi ghussa ata hai aisi conditions main kyu k jab aap jeet rahay hotay ho to aap ki khushi ki inteha nahi hoti lakin jab aap greed ki waja se mazeed profit haasil kernay k liye trade kertay ho to phir jab loss hota hai to bohat ghussa charta hai is liye jitna milay shukar ada kerna chahye...

[douglas]

Sad that you lost $220 but let this be a good lesson to you and make sure that you don't make mistakes that you made earlier again because failure in Forex is not the end, you can still go and give it some time and recover from the fallen. The nature of greed must be removed by a trader for a trader can result keserakahn suffer most traders lose .... novice like me this is still often memlilki greedy and this is not good for the survival of traders ... my own experience, seeking profit ultimately even more exposed to MC ...

[karmnun]

it is true that whenever we begin to make some consistent profit greed grasp us to make more quickly. as a result we are starting to do over trade and lose more than gain. it doesn't matter whatever your profit target is. the main thing is discipline. to overcome this problem we need to make some disciplinary rules and we must follow them strictly. do not over trade after your target becomes fulfilled although price goes on your direction. and do not regret for that. it can take a sudden move against you.

[MERDEKA]

yes I have experienced what you experienced that I also lost 200 dollars in just a few hours early on Friday and it made ​​me very disappointed and hurt that I will make the experience that I will never forget and I will not repeat incident I believe greed leads us loss but I have some confusion that I seen and read that we need to patience to get good pips and have to wait then this time greed work with us ? anyway before many time I replace take profit when I seen it going to hit but after replacing sometime I lost winning trade and for this now never replace take profit because if I replace then it may for greed . here work is other sence of greed.

[suzana]

yes bro you are absolutely right that greed really affects on our trades and pull down our profits and it changes our profits into loss, one day i opened a trade for short time mean scalping, i have $229 in my account when my trade goes into $8 profit i became greedy and wished to go it to $10 but suddenly markets bounce inversly and all my account balance gone in loss.:-)

[smsfx]

Yes, the main cause of losing huge money is excessive greed.A trader will loss all his capital if he is greedy.One of my junior friend was trading with over $200, but lost all within a few days because of his excessive greed.I am going to loss my capital because of greed.Greed is really the enemy of success.So friends, don't be greedy.Try to control your greed.Respect Forex as it is a money making machine.

[solihun]

Consciousness is always coming up behind the day. How far we are trading with a blind passion. That we can end is a sad account. This is a lesson for us all, a good strategy is only a tool, but we must always be in a stable psychological condition, regardless i also have experienced and feel it, lose a lot of money because i lack the attention to market movement. anger and regret arise until a resolve to work hard to fix and more. indeed we never thought that if we are going to fall so deep, but we are still able to try and keep trying, do not continue to be in despair