Mankind's biggest fault is GREED. Are you a Greedy Trader?

The greatest hindrance each broker face in the market is GREED, if you trade in the market out of greed and want to make money fast then you are very close to the process of blowing your account.



Becoming greedy in the Binary Options market or in a Forex Market is very common as all the traders go through this stage at some point of time.

Greed can modify your psychological state, harnessing your focus to maximize wealth. 

Greed is a natural human emotion that affects individuals to varying degrees. Sadly, when seen in the regards of trading, greed has proven to be a hindrance more often than it has assisted traders.

Greed can very easily turn good trades into bad ones and bad trades into worse trades. 

Greed is an human emotional characteristic that cannot be erased but can be controlled by any willing trader.

A trader that refuses to control his/her emotions during his/her trading will always be lamenting about his/her trading's. The majority of unsuccessful traders can easily attribute their failure to greed.

A trader should imbibe by the principle of "The smaller profit is better than the bigger loss."

Examples of greed when trading:

- ‘Doubling down’ on losing trades

- Adding capital to winning positions

- Over-leveraging

- You Look for Ways to Make Money, Not Ways to Improve

The Shortest way to lose money is GREED

Greed is an inherent quality in every human being that just waits for the opportunity to emerge when the conditions are right and to corrupt you every time it takes control. The Forex market offers thousands of opportunities to make money. Don’t be greedy to grab everything. Only choose the most obvious opportunities.

If you are not interrupted by feelings of greed in trading decisions, I’m sure you’re the one making money, even a lot of money in that market. However, things are not as easy as words when the amount of money in the account keeps increasing and decreasing with each fluctuation of the market.

And to do the impossible, you must stick to the principles and discipline that you set out. Concentrate on the trading process and ignore the voluptuous dancing profit numbers.