1 of 1- Hasan87
- moneyfx advance
Offline - From: Bangladesh
- Registered: 10/08/2013
- Posts: 46
Greediness is harmful for Forex business
Greediness is very harmful for Forex business. There are many traders who want to get rich over a night. But it is not possible to get rich within short time. Rather if you want to make a huge amont of profit by trading in forex you should always avoid greediness. What do you think about this? Share your opinion here.
- islamnoor34
- moneyfx advance
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- From: Asia
- Registered: 9/30/2013
- Posts: 72
Re: Greediness is harmful for Forex business
At start almost 60%+ traders are greedy. But when they understand the market and trend then their greediness decreases. Many people face losses in Foerex just because of their greediness. This is bad emotion for professionals and this can take them to losses.
- Bruce Reid
- moneyfx advance
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- From: Pakistan
- Registered: 2/14/2015
- Posts: 282
Re: Greediness is harmful for Forex business
Why just Forex trading? Greed is dangerous in every single work that we are doing so if anyone thinks only Forex is bad when he is greedy then he should reconsider because Greed is the cheap destroyer in every part of life and especially more so when it comes to business in the world. Forex is fabulous if treated with caution but extremely dangerous if go with greedy attitude.
I am having a truly classic broker OctaFX, it is a company that we can trust without much research. They have done everything that a company could ever do for clients. It starts from giving excellent 50% bonus to all client for any deposit starting from 5 USD and also many other benefits as well with comes along with them.
- David Young
- moneyfx advance
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- Registered: 12/29/2014
- Posts: 44
Re: Greediness is harmful for Forex business
I quite agree with Bruce, I mean Greed can be a cheap destroyer in every field, but of course this is also to do with our knowledge and experience, if we have that then our way might not be called greed, but without having knowledge and experience, it will always be greed that will be mention with us if we work like that. I also work with OctaFX broker where there is excellent features like low spreads starting from just 0.2 pips, high leverage up to 1.500 plus there is also smooth trading platform where there is no trouble or tension of delay or re-quotes which means I am always in good zone as far trading is concern in tough situations.
- Bruce Reid
- moneyfx advance
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- From: Pakistan
- Registered: 2/14/2015
- Posts: 282
Re: Greediness is harmful for Forex business
Yes David, you know Greed is not just alone, but it comes with package of lack of education too, if we’re trading properly with education then we will easily be able to handle and avoid greed, but when we’re not educated enough, we will definitely find it difficult to handle these things. I got to give credit to my broker OctaFX since it’s all with them with whom I get on right track and I know things very well. They have complete education setup which goes a great job in helping us with knowing the importance of education and that’s why I have learned it and even for practicing there is always pleasure through the demo contest with loads of prizes to be won.