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Thread: Greed brings profits but it is risky!

  1. #1
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    Greed brings profits but it is risky!

    we use greed in forex to make huge profits from forex and so we use big lots and leverages in our account. The greed sometimes bring huge profits for us if we are lucky. But if it goes against us then it may wash away our whole capital through margin call. So whats your thinking????

  2. #2
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    Quote Originally Posted by faiz92 View Post
    we use greed in forex to make huge profits from forex and so we use big lots and leverages in our account. The greed sometimes bring huge profits for us if we are lucky. But if it goes against us then it may wash away our whole capital through margin call. So whats your thinking????
    There are times when greed would wok for us. When we have seen that golden opportunity. Then we can be greed therefore using higher leverage and lotsize. That would make us more profits. Remember Golden opportunities.

  3. #3
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    before greed will make you good profits you need to be experienced and skilled. Some people, newbie actually has not to be greedy other wise they will lose their money

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    So that is why we need to control greed. If you heard what Warren Buffer said then you will understand about this thing. Greed isn't bad at all this is just the way it is. Control it and be greedy when the other are fear.

  5. #5
    before greed can cause you to smart profits you would like to be veteran and delicate. Some folks, freshman truly has to not be greedy different wise they'll lose their cash

  6. #6
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    Quote Originally Posted by frontman View Post
    So that is why we need to control greed. If you heard what Warren Buffer said then you will understand about this thing. Greed isn't bad at all this is just the way it is. Control it and be greedy when the other are fear.
    in the world who got success according to their wish sometimes they are become greedy ,but it depends on the person's thought and sometimes because of these greediness many can loss their everything ,so do not be greedy,control this attitude but in 90% case it helps the person to earn more.

  7. #7
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    greed is a disastrous emotion, sometime we can get profit but there is also a chance that we may get huge loss due to greed so in my opinion we should avoid greed and always do trade with risk and reward management..

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    Quote Originally Posted by frontman View Post
    So that is why we need to control greed. If you heard what Warren Buffer said then you will understand about this thing. Greed isn't bad at all this is just the way it is. Control it and be greedy when the other are fear.
    of course all that has the good side equally has the bad side. Things tends to be more hard when someone has no control over it and greed does get worse that way.

  9. #9
    Senior Member dkarev's Avatar
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    personally i believe greed is an account killer,no matter the amount we might be able to make being greedy when trading we are bound to lose is all to the market and even more,no matter how we think we are smart,there always going to be atime our greed will just get the best of us

  10. #10
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    Being greedy is never good, in my view if greed brings profits a few times but it provides us with more loss than profit in the end and that is reality which we should accept so it is better to avoid this emotion and control it.

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