Greed while trading is the worst enemy

[HOLA]

One of the most important of these psychological factors is greed that controls traders and most of their deals look at it from the angle of profit only, forgetting the other side, which is the possibility of loss, and this is what always puts them in the angle of risk and mismanagement of their accounts, as well as the characteristic of haste, which certainly overcomes many traders. And it makes them not adhere to the various rules that they have learned badly in terms of business strategy or in terms of money management strategy, and for this, and to get rid of these habits, the matter must be taken very seriously, because it is never easy to avoid them. To subject our psyche and obligate it to certain rules and conditions is one of the most important things that a trader can reach, and it is certainly the way to success in your work in Forex.

The only one who can do that. You must be trained to have a strict capital management plan that you adhere to and adopt in your trading. No matter what the temptations are, you should never trust your analysis and keep the loss in mind. Even if the success rate of 99% analyzes, do not give up. About setting the stop loss and the money opinion plan, you should know very well that the market may harm you at any time, as it is a treacherous enemy waiting for you to ignore it, and it will strike. cause my loss.

 

[FXOchartist]

Greedy is included human nature, however we have a mindset to control the greed in trading. Yes this is become big problem for many traders when greedy in trading, the result often cause of loss. Why like that? Greedy will lead us to make over trading or use big position size, it will make level margin decreasing quickly by the price of movement. In addition using high leverage without control, margin call may occurs only few hours when the trend against orders.

When working my account in FXOpen broker,I always trying to control greedy and working with tight of risk management, this is not easy task at all because temptation sometimes lead to broke the rules.

 

[Mary Frederick]

Greed influences a trader to take high risk in trading. Strong mentality is a support for traders because it doesn’t discourage a trader even though he is in a consistent loss rather it always inspire for the next attempt. So, develop your mentality before investment. Eurotrader is a secure tarding broker, allowing traders with all technical tools.