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    Thread: How to overcome the greed while trading???

    1. #31 Collapse Post
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      greed is our weakness in trading
      its human nature that the man is greedy for money and in forex he try to make profit with emotions and he lose money because he not follow money management and trade in market with emotions
      how to avid greed
      we avoid greedy by improving our trading method we need to enter in market with proper plane and trade with this plane and after fulfill the conditions of trade then take trade
      and trade with money management it is huge supplement for us to avoid greed in trading and always trade with rules and after analyse the market it is necessary for us for long time work


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    3. #32 Collapse Post
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      greed is very bad thing in Forex trading because i think greed is nature of humans and If you want to be a successful trader, greed is probably the biggest obstacle you will have to overcome, If you try to get rich on every trade you will more than likely end up blowing your account slow and steady wins the race. It is the great challenge that all traders face and if you want to get rich quickly you have to do it slowly and It is a very common problem to the most of the traders i think. To overcome the greed in our trading we must be mentally strong We must believe that greed will do nothing but harm to our account and we have to avoid that at any cost Moreover we can take lesson from our bad trading because of having greed in our trading I think control greed better way follow money management If you follow money management then you never lost your money so your greed is not harmful When you see loss and loss then automatically control your greed and you will be wait for suitable place which you can't face loss In Forex it is easier to trade profitably but it is most hard to retain your profits because greed will take over and Greed is the emotions which plays important role in trading investing and New traders and their accounts have suffered because of greed In fact, this is how the saying Bulls and Bears make money Pigs get slaughtered the markets show no mercy to greedy traders and that is very true and Let’s face, it is our desire as traders to acquire handsome returns that drives us to trade but this desire becomes unhealthy even dangerous when it is excessive Therefore greed is often considered the most dangerous emotion for traders even worse than Fear can paralyze you and keep you from trading but your capital is preserved for as long as you keep your hands in your pockets on the other hand greed pushes you to act in ways and at times when you shouldn’t that’s why it is dangerous Greed can prompt you to act irrationally For traders, this usually comes in the form of over leveraging, over trading, chasing the markets or holding on to trades you know you should have exited long ago and To keep this detrimental emotion in check having a definite trading plan in mind ideally written out will help Keep the plan nearby where you can reference it prior to placing any trade By having a clear trading plan that is written out we know exactly what we are looking for in terms of an entry Don’t compromise. Wait for the precise entry as laid out in the plan itself let the market come to you rather than you chase the market in greed of missing a trade and greed is a big problem and its destroy anyone life try to happy what u have greed is always a killer since you tend to over trade, instead of gaining a profit you end up losing more.


    4. #33 Collapse Post
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      There is no need to trade with Greed in the forex business because we can make it difficult for ourselves this way, trading with something that can automatically destroy any single opportunities that we have to make it impossible to become profitable in the market is twist to what we can accomplished and then we should make every effort to keep ourselves away from things that can spoil our reputation in the forex business, sometimes we take clever risks because we understand their implications although we can surely have losses no matter how careful will become in the forex business, these are the things that we cannot prevent from happening in the forex business that are important to make our accounts grow well.


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      In the film Wall Street, Gordon Gecko famously stated, “Greed is ideal.” However, in realistic phrases greed can reason foremost problems. From a psychological viewpoint, greed is one of the maximum dangerous matters that a dealer have to cope with. It is pretty clean to fantasize approximately the millions of greenbacks that you’re about to make buying and selling, and what kind of cash you make on a change which you show up to be worried in. However, this is one of the maximum dangerous pitfalls that you will run into during your buying and selling career. Unfortunately, it is very commonplace and a main issue to wiping out retail bills.Do you need to know extra approximately buying and selling psychology and how to conquer greed when buying and selling foreign exchange? Watch our today's video and get profitable buying and selling outcomes.


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    7. #35 Collapse Post
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      Greed is part of human and will always be but to overcome greed in the forex market requires discipline and good money management plan. Greed is one of the quickest factor that can lead a trader to failure. If you see a greedy trader you have seen a fail trader. If a trader must overcome greed while trading then he must have a written plan and make sure to follow it.
      For instance, if a trader want to trade in the market and has greed he should write down his target profit he will want to make per each trade and note down how much to make in the market for a day. Having a plan will overcome greed because a trader will stick to his written plans.
      Also a trader that which to overcome greed should trade with good money management plan by using a stop loss and take profit.


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      How to overcome the greed while trading???
      One of the greatest challenge that we may like to face in our lives as we trade in the forex market is greed because many times, we are not even sure about what we are doing in the market which makes trading more difficult and the experience that we have quickly achieved in the past, greed can give you some pretty decent money in the forex market because you understand that there are different opportunities that are happening but what we don't understand the business properly, someone who does not have the right understanding in the process of trading will make mistakes in the forex market and at the end of the day there will be issues that might make them understand what is happening in the forex market, meaning that we cannot earn well.


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