Hello hivers

As we grow and engage ourselves in several different activities, we get to learn more about ourselves if we pay close attention. Both our strength and our weakness finds a way to raise its head up and get noticed if we pay very close attention and that is what growing is all about basically. For me, I have just realized that am somewhat a greedy individual

As somewhat a newbie in the forex market bruhaha, one very important thing to keep in mind while on this game of more profit and less loss is to not be a greedy trader. I say more profit less loss because forex trading is not a business you'd say you get all profit and no loss, I don't know and have not heard of any forex trader who had not made a loss while trading.

Being greedy is a trait I would have thought in all honesty that I don't have with some degree of assurance. Well, not until I started trading in the forex market. Funny enough all through the duration of my training and studying towards becoming a forex trader one advice I kept on stumbling upon was "DONT BE A GREEDY TRADER" or if you know you are a greedy individual then forex trading is not for you. Did I listen to the advice, you are about to find out.

EVALUATION

Two months into my live trading,it had been a profit or loss situation with more loss than profit if Im going to be honest. So yesterday I decided to evaluate my performance and see where I went wrong and where I was right and after a few hours of evaluation one thing I saw was the fact that most of my trade had no stop loss inserted.

above is an example of a trade with no stop loss inserted

NO STOP LOSS EQUALS GREEDINESS

It's funny right, yes and very reckless also. Some might say it is me just being positive and having assurance about every trade I open. But if I want to be really honest with myself, this is pure greed on my part. Yes greed and I say it with my mouth wide open. In forex trading you can't be 100% sure that an open trade would yield profit that's why it's called a business because every business has its own risk and reward.

Stop loss is one thay allows you to peg your loss to a certain amount that would not be too harmful for you because really every loss is harmful no matter how small because it is your capital, your hard earned money that you lose.

Here are what lessons I have learnt from my greedy and stupid attitude

• No trade is 100% assured and it could go south so you don't have to be too corky.
• You could loss huge portion of your capital you could even loss all of it.

Although greediness can be a good thing sometimes but to be honest, most of the time it is reckless and a very bad move. For me, I have learnt the hard way

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It's funny though, it took forex trading for me to know that am a greedy person or should I say I have some element of greediness in me,a pert of me I have just discovered and have decided to work on.
So if you are a forex trader like me try not to be greedy like me, it could really go ugly in a blink of an eye.

Keep fighting !!!

Thank you all for reading this post and enjoy the rest of your weekend sll