Greed In Forex Market

To be a successful forex trader, you must consciously control greed in case its a trait in you. always advice my students to set their profit target for a day and once they attain their target, they should close all markets for the day.

The problem that faces a lot of traders success is the phrase that says if you are winning let you profit go, this might lead the traders to lose what they have gained, The traders should also realize the profit they make is not the market's money, they should take their profit once thy have achieved it and a lot of small profits make a big one.

You are right in the style you specified. It is good for us to learn how to be in full control of our greed when we are in the forex market. Greed is one trait that is being hammered into the ears of every forex trader so that they will avoid it.

It is not easy to avoid greed because this is money, and everyone in this planet needs money to survive. So they try their best to make more when they have the chance. I like your advice. I will keep it in mind.

Forex newbies hear of greed all the time but they do not know how powerful it is nor do they know how it really works. In forex, once you start making money, the hunger for more comes. You also get over confident due to the profits you have made.

ji hain greed hi insan ko bohat dor lajata hai or ya hi insan ko bohat pchay lay jata hai es ki waja say ensan es main apna pasa invist karta hai or jis say market binifit hota hai ya wo cheaz b hai jo ensan ko zayada pasay kamny ki lalch dati hai

This might cause you to start using higher lot sizes and leverage, this could lead to disasters. Work on your greed effectively because for some traders, it might be only greed that will stand between them and success in forex.

jo log es forex market may greed say kam laytay hain wo kabi bi kamyab nahi hotay hain or jo log es traha ki post bar bar kartay hian tu mujay lagta hay kay un ka account band hojaia ga.

greed factor is one of the commonest mistakes and challenges faced by forex traders,the mere fact that forex is a transparent market where you can instantly see and monitor your trade profit

Yeah I also think that greedy traders doesn't get a big profit. They always loose their investments just because they are too greedy. They want more and more money, but they doesn't care what is their situation in the certain trade.

i believe this is a very good suggestion. greed can lead to downfall.when you are having losses after losses while doing forex trading, maybe it is good to take a break and try trading at another time. when you are making a lot of profits, you should try to continue trading sensibly.

It is a noble target to close one's trades once they hit the targets for the day, and it also builds up he trader's strengthbase so that he can more easily overcome greed. Indeed, if the trader has a habit of making plans for every trade and then trading the plan.

In other words, if the trader sets targets for when to take profits for every trade, and assiduously keeps to these targets, then he will be sure to be less affected by greed. Indeed, his greed will not build up, since he already employed measures that nip greed in the bud.

It is okay for us all to try our best to suppress our feeling of greed. I also started forex like you did. I hanged out in forex forums to get paid for my post and at the same time, quiet i slowly acquired forex trading skills.

Greed needs no introduction to most of us as far as you have traded forex before. Greed is a powerful tool of destruction if left unchecked. It can deal with any trader irrespective of your ability or experience. Greed affects me the most when i'm trading alone.