Having greed
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.
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.
The biggest obstacle every trader face in the market is greed, if you trade in the market out of greed and want to make money fast then you are very close to the process of blowing your account. Becoming greedy in the Forex market is very common as all the traders go through this stage.
I have seen according to my trading experience by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non-sense planning and zero risk management policy , so it is more important to acquire risk management plan before trading with high leverage. My trading career I always use high leverage in demo account to see the performance how it works. It always helps me to avoid risk in my live account when trading practically with leverage.
Greedy people are never satisfied. They look at the world as a zero-sum-game. Instead of thinking that everyone would benefit as the pie gets larger, they view the pie as a constant and want to have the biggest part.
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