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Leave greed is better


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Leave greed is better for the all man. There are no man can prosper in life with greed, so we need to leave it and should be honest. So if we want to be success in forex market we need to be an honest man then we can be success and rich in forex.

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Greed is a great problem for the forex trader. So if a man want to be a good trader it will be need to leave his greed. Greedy man can not be success in life and he will be lost his money. Because it is a risky business, so we can leave our greed to be success in life.So do not worry, be cool.

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Leave greed is better for the all man. There are no man can prosper in life with greed, so we need to leave it and should be honest. So if we want to be success in forex market we need to be an honest man then we can be success and rich in forex.

The greediness is one of the bad factor in forex business. We have to leave the greed for sure. There has been so many articles talking about this. And the conclusion actually is about the same thing, we have to leave it. Because it is not good for us, if we are in forex business

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  • 3 weeks later...

A greedy trader will never succeed. Never think of trading in terms of the greed factor; always think of the loss potential first. You need to be patient and have realistic expectations about the Forex market, Forex trading is not a get rich quick opportunity.

Yes, if we want to succeed in forex, we would have to learn, and as long as we are trading in forex we also have to learn. There is no success that we can get instantly, better get a small profit consistently, than we do trading by using a large lot.

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  • 1 month later...

Yes leave greed for your trading if you leave greed when you are trading then you get first success in your trading but you not leave greed then you not get success in your trading.

 

Greed is very harmful for trader. We should control it if we dont want to lose our money in forex trading. Try to thankful for what we have get today. Improve our trading skills if we want to get more maximal result. Lets be Trader of The Month in Armada Markets, discipline when trading with our money management, risk management.

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  • 2 weeks later...

Well, if you're a pro and make profit all the times then greed is a good thing cause it drives you to work harder and harder so you can become even more successful. Greed is good for some people while its not good for others. If you make money, then there is no reason why greed can harm you if you make more and more all the time. Greed is a good motivation if you are good at what you do. If a man own five businesses and want five more and he does well in all of them then why not. now, as long as he can control himself and succeed more than he fails then its fine. Of course, it could hurt those that do not know how to trade. 

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  • 4 months later...

It is the best thing to do. Greed is bad and for the trader to trade better, he must abandon greed. It's something that is in some people as that which they have grown to have. But then, it brings forth a lot of things which centers around failure. Greed is responsible for losses and there is a higher tendency of the trader losing due to such.

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Well yes of course leaving behind greed is more better than taknig it with us especially in forex trading where there is high risk, if we go for more money due to our greed we can easily have a loss for example we increase leverage or lot size for more money we are in fact increasing more risk and we can have loss similarly which would be high.

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surely greed won't work in this business. traders will end up with over trading and aggressive when they are let the greed take control over. patient approach better and lead traders to last longer in this business. not necessary to rush to make profit. market will always open and our task is determine good trading moment in order to generate profit.

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Avoiding greed is not an easy job to do. it's real friend. But, i think, we still have chance to do that. firstly, we must objectively read market condition, then define our target, Stop Loss and Profit still objectively as like as what market inform. then stuck with the plan. we can also not to use profit targeting, many of my senior told me not to use Taking profit, just use Trailing stop, it can help us from becoming too greedy.

 

 

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Well I sometimes think that a little bit of greed sometimes in forex trading might prove beneficial but we should not get greedy always but on other hand if we get into trouble in our trade because of greed we can always use stop loss as it can as said by @unclegober help us from becoming greedy but I think the thing is that we do not get satisfied with what we get in the end and if we get satisfied with profits there would be no greed.

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greed is form of emotional decisions because we are see that chance to use big lot size available. greed make us to trade aggressively, which it risking big lot size per trading. the result probably can lead traders to get high amount of profit. but in opposite, if traders get loss result, surely they'll suffering big capital decrease.

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  • 4 weeks later...

Sometimes I hear people say that when you are greedy, it makes you earn more but I really do not see any logical reasoning in it. Greed wouldn't make any different from losing. You increase the chances of losing with an increase in risk or an increase in the level of expectations. When you expect more, you are bound to lose more.

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Greed is not good for the forex traders who are trading in the forex business. It will be able to make the trader not to trade very well and to lose. When the trader is trading with greediness, he or she will not be able to handle his account because of the greed. It is good when the traders are not seeing forex as a money making machine.

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