Discipline Can Conquer Greediness?

[Electric Rainbow]

Discipline can not be maintained or developed in just few days or months but it is process as we start learning in Forex, we start developing our rules and strategy for trading to help our self for trading.

 

[Hakone]

I agree with point made by Luke. There is a lot of brokers presenting cases of people who became wealthy from forex. It is sort of marketing strategy aimed to attract inexperienced traders. Without a lot of learning and practicing nobody can make success on this market

 

[Jurlare]

I always advise new traders to stay away from trading too much and always plan to trade less and for long-term. Short-term trading is viable option but there is a tripple risk attached with it. So, always plan for staying long on the market with even a little profit. Thanks!

 

[Luke Hansen]

control over psychological information

Due to lack of control over psychological information, a trader may feel the insecurity as these emotional traders often take decisions out of greed, frustration, etc. Though no expert will build up your trading attitude, you need to take advice from the experts what they usually try to spot to help the immature trader. Whole trading industry is greatly reliant on reliable, practical and up to date judgments taken by the traders actually.

 

[Luke Hansen]

If you are a patient person you will find yourself excelling with this system. It requires a lot of patience and discipline to not start over trading on every tick of the market. Remember to try and take one trade a day win or lose it does not matter, this will keep you from revenge trading which inevitably leads to loss of capital. As you get a feel for the system and learn to follow the rules your win % will increase.

 

[BlazeUp]

It does not mean that only greed and fear are driving traders. There might be also other drivers and motivational factors, but certainly greed is one of rare emotions which would lead you to blow your account

 

[Electric Rainbow]

Anyone who wants to make money on Forex should go through years of learning and gaining experience. He or she should also learn to manage the emotions. Fear and greed can hinder one’s progress in Forex trading.

 

[Firtan]

Forex loves discipline, and if you follow certain trading rules, then all your negative habits or desires will automatically disappear.

 

[Fisharet]

Greed is a thirst for money, and it drives us in order to achieve our goals. Not always this quality negatively affects trade.

 

[Shing1985]

Greed is the big killer of our trades and our goals in trading. If we can not control over our emotions and be greedy to make more profit in no time then it will be dangerous and we can lose money, So always be realistic and do not be greedy and trade according to the market.