Brendan Hill Posted January 23, 2020 Share Posted January 23, 2020 Greed is very dangerous for the Forex traders and it will cause the failure of their trading life. A Forex trader most of the cases become greedy by getting profit once or twice. But it should not happen and greed should be controlled by them. By trading with the honest broker, I can always overcome all my trading weakness such as greed, emotion and overconfidence. So, that I can trade well and do better. Link to comment Share on other sites More sharing options...
mlawson71 Posted January 29, 2020 Share Posted January 29, 2020 I agree. Greed is dangerous as it blinds people and leads them to making unwise decisions. It also, sadly, makes them vulnerable to scammers and the forex industry is rife with those. Link to comment Share on other sites More sharing options...
Matheus Schotsman Posted October 5, 2021 Share Posted October 5, 2021 Most of the traders lose money because of greed. There is no place for greed and fear in trading. Regardless, this trading regimen is not for the unassuming or leave heart. Lift hasty thoughts considers to a high-chance profile where plan is essential and particular organizing is a sure basic if a trading learner is to survive. I am trading both forex and Futures with Eurotrader broker. I like their instant trade execution. Link to comment Share on other sites More sharing options...
Hanan Öberg Posted October 5, 2021 Share Posted October 5, 2021 Greed destroys the trader's career. If the trader can trade in the right way, he will benefit from the market. But if he works with negative emotions, it is not possible for him to benefit. As a trader I have to give up greed and fear. Link to comment Share on other sites More sharing options...
Kelelis Posted October 6, 2021 Share Posted October 6, 2021 Emotions are of great danger for the traders, it's true. However, if your trading strategy is accurate and precise, no emotions will ever intervene into your decision making process. Link to comment Share on other sites More sharing options...
uncle gober Posted October 7, 2021 Share Posted October 7, 2021 Existing emotions must be able to be controlled properly, this is useful so that traders can become more leverage in improving existing skills, profits, and experiences for the better. Link to comment Share on other sites More sharing options...
Resolve Posted October 12, 2021 Share Posted October 12, 2021 On 10/7/2021 at 9:43 AM, uncle gober said: Existing emotions must be able to be controlled properly, this is useful so that traders can become more leverage in improving existing skills, profits, and experiences for the better. When we will start bringing down the Risks then our trading results will improve and make us Better Traders. Link to comment Share on other sites More sharing options...
Nilde Lucchese Posted October 15, 2023 Share Posted October 15, 2023 Efficiency in using technical tools and considering global news give traders a better idea about the market’s future direction. FXOpulence provides all necessary trading tools for market analysis. Link to comment Share on other sites More sharing options...
maspluto Posted October 16, 2023 Share Posted October 16, 2023 The ability to analyze is a highly influential factor in forex. That's why I continually develop my analytical skills. Because the more mature the analytical skills we possess, the easier it will be for us to analyze the market accurately with Tickmill broker. Link to comment Share on other sites More sharing options...
Hanan Öberg Posted March 26 Share Posted March 26 One of the benefits of experienced traders is that they know how to handle greed and do technical analysis. In technical analysis, every single move of the market is considered as an opportunity. False breakouts are always unexpected and traders have to safeguard their capital through proper market analysis. FXOpulence charges low trading spread to traders. They allow traders access to educational resources. They allow traders with more than 400 technical tools and numerous enriched trading instruments including crypto500 and indices1000. Link to comment Share on other sites More sharing options...
uncle gober Posted March 27 Share Posted March 27 For now, I am still delving into technical and fundamental analysis, both of which are highly influential factors. So, I continue to study both of them, so that my trading can be more effective with Tickmill broker in the future. Link to comment Share on other sites More sharing options...
Fin_Trader Posted April 4 Share Posted April 4 When a trader is greedy, he sees only one side of the coin - making more profit. But you also need to understand that inflated risks also mean a big chance of quickly losing all your investments. Therefore, you need to control risks and better earn a more conservative percentage of profit and also have small losses from unsuccessful trades, which can then be compensated by successful transactions. Link to comment Share on other sites More sharing options...
maspluto Posted April 5 Share Posted April 5 Greed will only lead traders to incur significant losses. That's why discipline is incredibly important. I always apply discipline at Tickmill, allowing me to trade comfortably and safely. Link to comment Share on other sites More sharing options...
uncle gober Posted April 8 Share Posted April 8 Absolutely correct, I completely agree with that. So, if a trader doesn't yet understand forex well, it's better not to jump straight into a real account. Learn and prepare everything thoroughly, so that they can have a better understanding and trade maximally on Tickmill later on. Link to comment Share on other sites More sharing options...
Fin_Trader Posted May 3 Share Posted May 3 Greedy traders always make losses. Any transaction may be incorrect and our task is to minimize losses on such transactions by trading with a small leverage, be sure to use SL in transactions and follow money management when determining the lot in trades. Link to comment Share on other sites More sharing options...
skrimon Posted May 6 Share Posted May 6 On 5/3/2024 at 6:39 PM, Fin_Trader said: Greedy traders always make losses. Any transaction may be incorrect and our task is to minimize losses on such transactions by trading with a small leverage, be sure to use SL in transactions and follow money management when determining the lot in trades. Spot on! Greed is a major pitfall for traders. It leads to chasing unrealistic gains, holding onto losing positions hoping they'll turn around, and neglecting risk management. Small leverage, stop-loss orders, and proper position sizing based on money management are crucial tools to mitigate losses and maintain discipline in the face of greed. Link to comment Share on other sites More sharing options...
maspluto Posted May 8 Share Posted May 8 Analytical skills are crucial in forex trading. That's why it's important to continuously develop these skills to analyze the market accurately alongside Tickmill broker. Link to comment Share on other sites More sharing options...
skrimon Posted May 8 Share Posted May 8 1 hour ago, maspluto said: Analytical skills are crucial in forex trading. That's why it's important to continuously develop these skills to analyze the market accurately alongside Tickmill broker. Absolutely! Strong analytical skills are essential for making informed trading decisions. While Tickmill offers resources (mentioning specific educational materials they offer would strengthen the comment), remember that a well-rounded approach is key. Consider various analysis techniques (technical, fundamental) and practice them on a demo account to refine your analytical abilities for successful forex trading. Link to comment Share on other sites More sharing options...
maspluto Posted May 13 Share Posted May 13 The ability to analyze has a significant impact on our success in forex trading. That's why it's crucial to continuously develop our analytical skills, so that we can accurately analyze the market and benefit together with Tickmill as our broker. Link to comment Share on other sites More sharing options...
Fin_Trader Posted June 6 Share Posted June 6 (edited) You can't be greedy when trading. Any analysis does not guarantee you 100% correct market entries. An analysis is just a forecast that may or may not come true, so there may be losses on some trades. Therefore, you need to protect yourself from large losses in unsuccessful transactions by following the rules of money management in trading. Then such small losses can be compensated without unnecessary nervousness. Edited June 6 by Fin_Trader Link to comment Share on other sites More sharing options...
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