We're your best review guide

Сontrol your greed and earn money on Forex

Сontrol your greed and earn money on Forex Johannes Röll Visitors: 360 ★★★★



It is common for each of us to hide our weaknesses or suppress them in an attempt to fight. If this is feasible in everyday life, during the trade all our "cockroaches" will simultaneously climb out and cause financial losses.


The sooner you deal with yourself and find out what your strength is, and the weakness - the faster trading on Forex will begin to bring profit.


Greed is always bad?

Greed is one of the driving forces of the person trading in the currency market. But here it is necessary to understand whether it manipulates you, or you use it for your own purposes.


Greed that clouds reason will make you bankrupt in a matter of days. After all in such a case you go on the occasion of your emotions, the head stops working, and all your actions are dictated not by the brain, but only by a blind gambling desire to break the big cough (exactly this condition can be noted in the person playing in the Casino).


If you realize that Forex is a place where people EARN money, not win it, relying on luck, and your greed only pushes you to develop to eventually earn more - you are fine.


Types of motivations on Forex



There are two types of motivation in the currency market: rational and irrational.


The first type is typical of a rookie who has only stepped on the trading road, and of a professional who has been on the market for a long time.


The second type of motivation is gambling. It, like greed, can be typical of any person. Some can control it, others can 't.


If you are a gambling person, and this quality runs you - to become a successful trader - it is necessary to fight it. The best practical method is to draw up a trade plan. Clear trading rules, which describe your actions based on the situation, will avoid making hasty, reckless decisions against the background of excitement.


We sum up the results

Fear created during trading can paralyze an inexperienced trader, deprive him of the opportunity to think, analyze and make correct decisions, which causes him to suffer serious losses.


In order not to make mistakes that will lead to ruin - learn to control your emotions, your fear, and greed.


Of course, no one says you need to be an emotional robot. But you can learn to use your emotions to the benefit of yourself.


Johannes Röll
Johannes Röll

Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer

Comments 0

Recent Projects

Сontrol your greed and earn money on Forex

EUR/USD soars amid rumors of an ECB rate hike by 0.5%

While the EUR/USD pair showed a short-term bearish profile early in the morning as part of a correction after yesterday's testing at 1.0200, it then showed a sudden sharp increase, reaching a maximum at the moment at 1.0250.

Сontrol your greed and earn money on Forex

Oil price in London - Brent

On the electronic platform of the European futures market ICE (Intercontinental Exchange), symbolically located in London, spot transactions are conducted daily, in particular, for Brent oil from the North Sea (spot market) or in the form of forward contracts (futures) for 1000 barrels of Brent oil with a maturity of 3 months, 1 year or 2 years.

Сontrol your greed and earn money on Forex

"Futures" are financial instruments used to predict future changes in the underlying asset

"Futures" are financial instruments used to predict future changes in the underlying asset (stocks, stock index, etc.): You buy or sell a certain amount of this underlying asset at maturity and at a predetermined price. But futures are very risky speculative products.

Сontrol your greed and earn money on Forex

Gh0stly Gh0sts-the first omnichain NFT collection

In recent days, the premiere of the unique collection NFT: gh0stly gh0sts. Although there is little interest in the project at the moment (the Twitter profile @gh0stlygh0sts is watched by less than 12,000 people), it can already be said that this is something groundbreaking.

Сontrol your greed and earn money on Forex

What is a factoring contract and what elements should I pay attention to?

Factoring is a financial service that few people have heard of until recently, but now it is gaining popularity among entrepreneurs every year. This is one of the most effective ways to maintain the financial liquidity of the company and ensure its free access to capital.

Сontrol your greed and earn money on Forex

This article, first of all, will be useful for beginners in the Forex market.

Many newcomers ask such questions: "How to start trading on the Forex currency market, where to do it, the first steps in trading" and other similar questions.