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.
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
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.
because the answers are not disciplined in MM and usually open trades in a hurry without being carefully analyzed until the risks and rewards are proportional to the capital to be traded
Actually discipline is very important in trading forex, if we can discipline in trading hence we will able to manage our money according proper money management and also risk management, but if we can't discipline in trading, it's mean we have bad psychology trading and will tend to become reckless trader
i am ashamed because i as newbie always do that, i already get that 25$ and its goes down to 10$ with 0.05 lot, i wishes i can turn back time that time, haha, and i am still doing that somehow
Maintain profit is harder than obtained at first trading, sometimes on first trading, we can easily making a profit and then thinking forex is easy, but we still not realize if these profits only at lucky day, so after balance been narrow and all profit become losing again, we then felt despair and some trader that can't control emotion then trading blindly and expect to get back all profit before
yeah bro, when i already put a sell action, suddenly the chart goes up very fast, then i close that sell action and turn to buy action, but its only a moment before they go down for a week i guess, that my experience, it really effect me that time, because i got margin call there.
yeah it because panic , i had feel that when i new in trading . but you must avoid it , i think you must make a plan such as risk : reward or SL: TP.
yeah that moment is my first margin call, i lost 50$ in the blink of an eye, but now, i try set SL and TP, TP with only 15 pip gain, i try to play safe know, but sometime it got SL too, i guess the most imp[ortant thing is money management and be patient ahaha, try to not panic i guess
It will become a valuable lesson for us on future, there is no any successful trader that never get a margin call, almost trader facing margin call account along their trading career, included me, as professional trader also they ever face with a margin call, but they never give up and eventually able making good earning from this business
hahaha nice growth , slowly learn from our mistake make us to be better ..keep spirit !!
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