How to control greed in trading.

[robertslynnp]

It is, in my opinion, a very typical issue for the majority of traders. We need to have a strong mind in order to combat our trading greed. We need to understand that greed will only hurt our finances, thus we must avoid it at all costs. Additionally, we can learn a lesson from our poor trading because we traded with greed.
I think control greed better way follow money management. If you follow money management then you never lost your money so your greed is not harmful. When you see loss and loss then automatically control your greed and you will be wait for suitable place which you can't face loss. In Forex it is easier to trade profitably but it is most hard to retain your profits, because greed will take over.

So kindly share what are the rules u following to deal with greed factor?

 

[Asahi]

A regulated broker allows you with a bunch of trading facilities. A scam broker can destroy you entirely so stay careful while picking up a broker. Using different accounts of regulated banks, Eurotrader provides traders with high security of funding.

 

[Ivo Zetticci]

Forex isn’t your enemy but the volatility is. But the volatility can also be an opportunity for you if you utilize it in the right way.

 

[Dita Walczak]

We see a tendency of copying others’ trades among Forex traders but it doesn’t enhance their knowledge at all. Even if you copy, analyze why those analyzers set this tp and sl and this is the way you can enhance your trading knowledge.

 

[Mary Frederick]

Your greed will encourage you to increase trading risk but don’t do that. Taking high risk to gain more profit isn’t called success rather you should focus on cutting risks as much as possible. It is one of the core criteria for trading. Risk is inherent to every business, so in Forex. With Eurotrader broker, you are flexible to increase and decrease trading risk.

 

[FXOchartist]

Greedy included human nature, however in forex trading, greedy is identical to bad result on trading, so it is better avoid greedy in trading. How to avoid greedy one way included trading with plan, if we can follow the plan trading, hence we will calculated position size that suits with number capital, risk management and trading on strategy if not yet signal confirmed will not open trades.

I am trading with FXOpen broker, in trading still in learning process to avoid greedy, and better improvement if we can work discipline.

 

[Jack Reacher]

To control greed, you can stay out of the market at times. You can start with a low capital but develop a good strategy first. Strategy is made by compiling indicators. Eurotrader allows traders with low trading spread, high leverage and other services in moderation.