What is greed in forex trading?

[Harvey]

According to Adam Smith, in his economic theory, which says 'human wants are insatiable. This generally applies to everything a human being does in life, as Microsoft never stops to make money and always wants its products to be the best and most patronized worldwide. To me, that is greed, which equally happens to forex traders who have hit their daily targets and still believe they can make more money from a volatile market. To me, that is also greed, which doesn't end well. It takes continuous self-discipline to be able to overcome this greed.

[rxrahim]

We know that fear is somehow related to the fight-or-flight instinct in all of us. That's how we feel when we face threats. Traders are terrified because positions going against them pose a threat to their trading accounts. To alleviate greed and fear, traders can turn to FreshForex broker account managers. Basically, they are very competent and sincere.

[kevinmartin]

Greed in forex trading is the act of trading for excessive profits. It involves taking a lot of risk to maximize profits, which often leads to losses.

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