Greed is a major psychological problem which occurs in trading. This is an unusual overconfidence and desire to make big gains in a short time. This problem has a huge impact in forex trading and many of the forex traders will fail because of that.
[QUOTE=“Rambo35;626937”]Greed is a major psychological problem which occurs in trading. This is an unusual overconfidence and desire to make big gains in a short time. This problem has a huge impact in forex trading and many of the forex traders will fail because of that.[/QUOTE]
I agree. I’d like to remind myself every time I place a trade I could always be wrong. So that makes me want to minimize my exposure by trading smaller lots. So far it works but I’m not going to lie I do get tempted form time to time to trade bigger lots just in case if I was right. So it’s tough to teach yourself that disciple but I guess it’s very crucial
From our resident psychology expert, a word or two on greed:Greed: The Most Dangerous Emotion | Forex Blog: Pipsychology
Cheers.
[QUOTE=“PipMeHappy;627082”]From our resident psychology expert, a word or two on greed:Greed: The Most Dangerous Emotion | Forex Blog: Pipsychology Cheers.[/QUOTE]
Thanks ! Pipmehappy