Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Don't be greedy in forex trading

Don't be greedy in forex trading

Discussion started on General Forex Discussion

Print
Pages: [1] 2 3 ... 63   Go Down

Ruslan H

  • Full Member
  • Posts: 127
  • Points: 0
  • Likes Received: 50
  • Reputation: +1/-0
Why do many newbie traders or many masters lose in trading, it is due to the fact that they want to get more profit and more than that they are not able to arrange MM so that they use large lots without being aware of the considerable risks awaiting.



Linkback: https://www.forex.zone/general-forex-discussion/1/dont-be-greedy-in-forex-trading/873/
#1 - February 06, 2019, 02:29:19 PM
« Last Edit: July 25, 2024, 08:17:16 PM by Admin »

Eza Jordan

  • Newbie
  • Posts: 49
  • Points: 0
  • Likes Received: 5
  • Reputation: +0/-0
What needs to be known is that in humans there is a greedy nature, if anyone who understands this is certainly aware that forex trading is not a rich quick scheme, but we can trade like we have a store as a place to sell, so in the trading business , I think the MC is still busy and the loss is almost mc, this is just because it is not sober looking for perofit slowly for consistency in the trading business.
#2 - February 06, 2019, 03:59:14 PM

Tahajud

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 174
  • Reputation: +70/-0

Greed usually arises from targets that are very unrealistic in trading, which, which exceeds the capabilities of capital and skills that we have. and it can also be because the mindset is wrong so that you want something instant results or shortcuts so that to manifest it you have to be greedy. therefore if our mindset is still wrong, as good as it is to stop trading first and fix before the bigger losses come



#3 - February 07, 2019, 01:34:55 AM

ariezz

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
Quote from: Ruslan H on February 06, 2019, 02:29:19 PM
Why do many newbie traders or many masters lose in trading, it is due to the fact that they want to get more profit and more than that they are not able to arrange MM so that they use large lots without being aware of the considerable risks awaiting.
Greedy is indeed one of the traits that need to be avoided when doing forex trading because greedy is one form of negative emotion that harms traders.

With the greedy nature, traders tend to be triggered to want big profits in a short time and automatically he will use a large lot and does not match capital and MM.
#4 - February 07, 2019, 02:04:30 AM

Black_Koujee

  • Sr. Member
  • Posts: 267
  • Points: 90
  • Likes Received: 54
  • Reputation: +0/-0
Quote from: Ruslan H on February 06, 2019, 02:29:19 PM
Why do many newbie traders or many masters lose in trading, it is due to the fact that they want to get more profit and more than that they are not able to arrange MM so that they use large lots without being aware of the considerable risks awaiting.

That,s human nature.
And I cannot deny that I often experience it. Maybe what we need to realize is that forex is not an instant way to get rich quick
#5 - February 07, 2019, 02:12:49 AM

Rendy94

  • Full Member
  • Posts: 151
  • Points: 0
  • Likes Received: 57
  • Reputation: +0/-0
Quote from: Ruslan H on February 06, 2019, 02:29:19 PM
Why do many newbie traders or many masters lose in trading, it is due to the fact that they want to get more profit and more than that they are not able to arrange MM so that they use large lots without being aware of the considerable risks awaiting.
yes, one of them is true, or another factor, for example, they are too sure of a certain condition or pattern, and they without thinking directly beat with a big lot. the severity is not cured sl. they assume that the analysis will be correct and in the end when it's wrong they will be disappointed
#6 - February 07, 2019, 04:56:30 AM

Rendy94

  • Full Member
  • Posts: 151
  • Points: 0
  • Likes Received: 57
  • Reputation: +0/-0
in other cases including sometimes myself, I always hold my floating minus even though I know it's wrong, my hope is the price will bounce back, keep going and I hold it finally I mc it's human nature. when there is a convincing moment we should still take a little profit
#7 - February 07, 2019, 04:59:13 AM

dodogtg

  • Jr. Member
  • Posts: 59
  • Points: 0
  • Likes Received: 13
  • Reputation: +0/-0
trading with wisdom with a healthy mm discipline is the key to successful forex trading.
#8 - February 07, 2019, 09:51:07 AM

MUHAMMAD NUR FIRZA

  • Jr. Member
  • Posts: 55
  • Points: 0
  • Likes Received: 27
  • Reputation: +0/-0
When greedy comes to real account, our emotions will easily get affected. This is because we are using own our money. So we need to control emotions in trading. Emotions like greed are the common problem in this business. Yes, we need to control greed in trading. But in some cases, greed is good but you need to use it at the right time and place. If the market is nice then you can be greedy but if the market is not nice, then you shouldn't be greedy. In order to control greed, you can always use lower lot size and this way is better for you. You also can use low leverage so that you can't open big lot size
#9 - February 07, 2019, 11:10:04 AM

Kirinkato

  • Jr. Member
  • Posts: 95
  • Points: 505
  • Likes Received: 19
  • Reputation: +2/-0
Quote from: Ruslan H on February 06, 2019, 02:29:19 PM
Why do many newbie traders or many masters lose in trading, it is due to the fact that they want to get more profit and more than that they are not able to arrange MM so that they use large lots without being aware of the considerable risks awaiting.
I agree with the statement of not being greedy in forex. in opening a transaction we must determine where to place SL and Profit. use risk and a minimum award of 1: 2.
#10 - February 08, 2019, 01:45:10 AM

Vj Kamel

  • Starter
  • Posts: 7
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
do not be too greedy for profit, in forex is not allowed to be greedy, determine the amount of profit and loss before trading
#11 - February 08, 2019, 02:20:29 AM

rafid

  • Full Member
  • Posts: 155
  • Points: 212
  • Likes Received: 25
  • Reputation: +1/-0
Greedy is the natural habbit of human, its very hard to eliminate them, when we get little money we always want more, in another side we also have fear, when our balance got minus, we fear of that. I think this is the major psycology that we need to learn in forex trading to avoid Margin Call
#12 - February 08, 2019, 02:27:23 AM

zanurreload

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
Greedy nature will make us destroyed in forex. Therefore if we want to succeed in forex trading, we must eliminate this greedy nature. Set realistic targets every day. You don't want big profits like you have to get 100% in one day.
#13 - February 08, 2019, 03:09:26 AM

rendipepe

  • Full Member
  • Posts: 126
  • Points: 0
  • Likes Received: 21
  • Reputation: +1/-0
right, because greed makes us essentially destroyed in our equities.
#14 - February 08, 2019, 05:46:44 AM

rendipepe

  • Full Member
  • Posts: 126
  • Points: 0
  • Likes Received: 21
  • Reputation: +1/-0
Quote from: dodogtg on February 07, 2019, 09:51:07 AM
trading with wisdom with a healthy mm discipline is the key to successful forex trading.
yes, the key to success is good discipline and MM
#15 - February 08, 2019, 05:48:02 AM
Print
Pages: [1] 2 3 ... 63   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Don't be greedy in forex trading

Members:

0 Members and 1 Guest are viewing this topic.