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Forex General Discussion General discussion of forex trading. Any common discussion related of forex could be find here except of Forex systems.

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  #1  
Old 14-07-2018, 11:26 AM
Luke Hansen Luke Hansen is offline
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Default Greed is a big reason

Greed is a big reason for traders to fail. A trader needs to learn how he can control his emotions. There is no doubt on the fact that emotional balance and control of pessimistic emotions has significant impact on the successful trading journey. However, in orer to control the greediness a trader should analyze both the chance of potential loss and profit from his trade, his greedy attitude is automatically suppressed.
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Old 17-07-2018, 03:01 PM
forexfactory forexfactory is offline
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Greed can be controlled by only the disciplined traders. These traders have a strategy and they stick to it even when they feel they could get more profit in a trade if they allow the trend a little bit more. They usually pull out of the trade as per the strategy requirement at a particular price level. This is the only way to not suffer the side effects of greed when it comes to trading.
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