Greed is harmful

[Petal22]

Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making money. But we should control our greed if we want to stay in the market and make profit for long. I am trading with XeroMarkets broker that has over 77 trading instruments. You can choose your best from here.

Especially for newbies, You shouldn't be over confident. Be modest with your expectations from the market, trade with what you can afford to lose as a newbie.

[Women Spin]

Greed motivates you to behave irrationally. For traders, this usually comes in the form of over-leveraging, over-trading, chasing the market, or holding trades that you know are long overdue.

[jvoron]

True, high leverage can be quite dangerous. That is why so many regulators have capped it at pretty low levels, since it leads to so many losses for inexperienced traders.

[Golden Sark]

I have seen according to my trading experience despite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So we the traders who are particularly scalpers always have to be more careful when choosing a broker. Scalping will be successful when you could make sure lowest trading spreads which is very supportive to make profit with certainly by scalping that brings profit in a short time.

[Antero]

One thing every trader need to definitely fight against if they must succeed.

[Lea]

One thing every trader need to definitely fight against if they must succeed.

totally, greed is number in factors that can work against you in the market. It practically distorts your good sense of judgement thereby leading to rational decisions.

[Golden Sark]

Without learning most powerful analyzing trade knowledge that’s not possible at all to lead a comfortable trading life despite of a reliable support form a credible trading broker , so we have to choose the best trading platform which for all time make sure best trading environment for acquiring proper trading knowledge by providing exclusive educational facilities.

[FXOpen Trader]

Without learning most powerful analyzing trade knowledge that’s not possible at all to lead a comfortable trading life despite of a reliable support form a credible trading broker , so we have to choose the best trading platform which for all time make sure best trading environment for acquiring proper trading knowledge by providing exclusive educational facilities.

When we are having more trading based skills and knowledge then our income from such trades can get increased.

[Nich]

When we are having more trading based skills and knowledge then our income from such trades can get increased.

Risk is inherent in every trade you take, but as long as you can measure the risk you can manage it. Just don't overlook the fact that risk can be magnified by using too much leverage in respect to your trading capital as well as being magnified by a lack of liquidity in the market.

[Lea]

If you find yourself only wanting to take trades that you deem as possible big winners, you could be getting greedy. Your greed may have been the result of doing well, but if you aren’t careful you may slip and end up in a draw-down.