Topic: Greed-Each trader needs to control his greed
While trading in the forex market, each trader needs tocontrol his negative emotions otherwise it will be highly difficult for any trader to survive here for a long period of time. Greediness is the internal ravenousnessof the trader and out of greed a forex trader can fall into various traps or sometimes can take currency exchange decisions without analyzing all aspects and thereby los the whole account in many instances. Thereby my broker ForexChief is advising me through its expert advices not to fall in the trap of greed and take calculative risk and engage in any trade after analyzing all the aspects.
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Forex Risk Warning: Due to leverage, Forex comes with a high risk of losing money. Eighty to 90 percent of Forex traders lose money. You should not invest money that you cannot afford to lose.