Hi. am a newbie in forex and i would like to know more about forex and the rules and regulations guiding it and i also want to learn how to control the greed that is associated with forex. thanks, i look forward for your help.
You will find most, if not all, answers in this great site. Press the green education button above and start your learning journey.
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thanks steve369
As Steve said the School of Pipsology will get you off to a great start.
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I feel like this is something that you slowly have to work on as you continue to trade. 
It’s challenging but I wish you all the best! 
If you have any questions as you go through the school, just ask awayyy!
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There’s a lot to learn, but fortunately this site is super helpful and has all of that info available. Welcome to the forums and I hope to see you around! Good luck 
Hi and welcome. The School of Pipsology in the Education section at the top of the page will give you information about money management that goes a long way to be able to control greed. Basically, any one open position, and the total number of open positions, should not exceed a percentage of your portfolio, and that percentage should be set as one of your trading plan rules. For example, a trade would not exceed 2% of your bank assigned to trading, and the total open positions should not exceed 4%. Stated another way if you have a $10,000 bank, each trade risk should not exceed $200 (2% of 10,000) and total open money at risk should not exceed $400. Similarly, your plan reward / risk ratio when you decide to enter a trade should be realistic and demonstrable by back testing. For example, there is no point it staking $200 and deciding that the only time you will exit the trade will be either when you have lost it all, or the price action has caused you to make $2,000 (a 10X or 10 bagger). If you backtest for these events you may find only one per thousand trades would result in this outcome. So you made $2,000 once and lost $200 the other 999 times.
Enjoy
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