Forex Trading Strategy – Fear and greed are a Forex traders worst enemy. Knowing how to control fear and greed in Forex trading, will help you to become a better trader. The key to making money in the Forex markets is to trade logically without emotion, and if you can remove fear and greed from your trading and trade logically, you will make more money from your trading activities.
Forex Trading Strategy – How To Control Fear And Greed
Fear and greed are pretty simple concepts to understand, and they are intertwined in the majority of Forex traders psyche. Everyone gets into Forex trading to make money, that is the sole objective of trading. But the fact is the majority of Forex traders lose money in the markets. Not being able to control fear and greed will cause traders to trade emotionally and make irrational trading decisions. Which will ultimately lose them money in the markets.