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Thread: Is greed enemy of money management?
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    Is greed enemy of money management?

    in my opinion dear it is fact and enemy for money management system i also agree with you.we should control this greed from our life then we will be successful in forex market and we will be profited by forex trading and this will maintain the money management system.

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    Goldcoast (12-06-2018)

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    based on my own experiences, greed (high expectations from the markets) so often cause me forget what have been planned before open a transactions, might be these case are happened to other traders too, and until know i still strugling to keep patiences whne faced the markets.

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    If all traders in the Forex market could try to be following the money management to trade always, greater would be success of everyone,at the early stage of my trading in the Forex market, my mindset was that I could have all I need per day withing a short time , forgotten that patience is necessary in trading Forex market and likewise in every other business so I learnt my lesson, so trader should be able to trade with low lot and not rushing to trade because this may be tantamount to what we called greediness in the market.

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    of course greed is a big enemy of our business. it is forex or any other business we may suffer loss in the forex market when we are greedy. greedy does not mean you have choose long profit. greed mean you have 100 dollar and put 5 lot trade on instaforex.

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    anisforex (09-14-2018)

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    To avoid emptying your trading account by doing anything and especially by using the maximum leverage to hope for a crazy gain, we must follow a money management and stick to it. You have to plan to risk some loss and accept it, for example you can plan for each trade made, you can risk losing 1% of your capital, for that you will use money management to correctly calculate the amount of lot to be traded reported to the currency and the invested capitals of our trading account.

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    Forex business is high risky business. Any traders worked the market with out knowledge than your account is wash. You can not earn the profit. Traders are control the greedy and work the market according to trend. Learn forex knowledge , money management and leverage. After learning the money management than you are able to calculation the lot and leverage. Calculate the target profit.

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    In fact greed ruins in every field of life.But in Forex this destroy all you investment even with profit.If you don't control your emotions.Money management is the security tool for your investment but greed even can effects all your knowledge and strategies if this have over comes on you.

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    Greed is the number one enemy in money management. Many of this do not notice potmou that are concentrated on big profits. Many deviate from the trading plan and are greedy, and this every day becomes more and more painful and many can not stop. You always need to have a profit limit so that greed is not a disease.

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    Yes of course that you are say the right that the greedy is the money management. you can not earn the profit. Even that you are face the loss regular. You are work the market. you are get the knowledge of forex. Get the skill. You are start the knowledge and skill, you are success full trader.

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    based on my own experiences, greed (high expectations from the markets) so often cause me forget what have been planned before open a transactions, might be these case are happened to other traders too, and until know i still strugling to keep patiences whne faced the markets.

    Greed is a bad habit which unfortunately we have since birth. To destroy greed take many years and a good management of money. It is best to think that you are selling other people's money and then do not be greedy, because you will be more afraidall lose. Of course this is not for all traders working but sometimes helps not to be greedy.

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