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The attributes of a greed Forex trader
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[QUOTE="Shaf, post: 291932, member: 25467"] It's not possible to do away with greed or fear completely, thus the only thing is to manage it. It can be helpful to have someone or something to remind you at certain intervals not to be greedy while trading. It can also help if you incorporate it as a requirement for every trade you take hence it becomes a habit over time. You can also find out the triggers that make you greedy and try to overcome them. I do find out that if I do not take profit early, I become greedy. What I do thus, is to take out my capital and let the profits ride if I see a trade that has a high likelihood of running hard. At certain points, I continue to sell of certain amount of it until it eventually stops going, this way, I've safeguarded my capital and avoided the feeling of missing out on those huge profits. [/QUOTE]
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The attributes of a greed Forex trader
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