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Ambitious or Greedy?

Discussion in 'General Discussion' started by Christo Phernn, Jul 14, 2016.

  1. Christo Phernn

    Christo Phernn Well-Known Member Trader

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    It’s absolutely vital that we understand the difference between Ambitious and Greedy since the line is very thin and if we don’t understand it then we might end up been greedy which will eventually make us lose out. The best way I found to shed off greediness is through education and gaining experience, it’s easier for me with OctaFX broker with their epic educational setup; it’s very cool and straight forward as well, so it helps me in every thinkable way.
     
  2. Sarfraz Ahmed

    Sarfraz Ahmed Well-Known Member Trader

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    Yes, it’s important for us to be ambitious about our career and as you said, I too agree about educational been the way forward to it. I don’t have to go anywhere with FreshForex on my side, it’s one of the best brokerage houses in the industry and got excellent educational setup which is just awesome.
     
  3. amittimothy

    amittimothy Well-Known Member Trader

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    Greed is the greatest Enemy for any Forex Traders Carrier that leads totally one to the Complete Blindness forgetting all the Strategies and Discipline of the Forex trading and Jump into the Trade risking whole Capital to become overnight millionaire.
     
  4. Christo Phernn

    Christo Phernn Well-Known Member Trader

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    This depends on our mindset completely, if we have ability then we don’t need to be greedy and yet we can continue with gaining bigger profits. It’s definitely true that greed is our enemy, but still this is mainly cause of knowledge been lacked, if we have that then all the issues will be solved. I get a lot of support with OctaFX broker with their educational setup plus having demo contest as well to participate and learn from, so it’s very useful.
     
  5. Stuart Pearce

    Stuart Pearce Active Member Trader

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    We need to be bit of both, but timing need to be very good because we can’t be greedy to start off with, because at that stage, it’s not much we have in terms of experience and even knowledge is lesser on stable grounds. So, if we get enough skills into play then we can afford to be greedy while ambition is always required to succeed. I am always ambitious to become successful trader, but the greedy part for me is affordable too and that’s thanks to OctaFX broker with their mind blowing conditions with small spreads, high leverages, zero balance protection and even 50% bonus on deposit.
     
  6. Sarfraz Ahmed

    Sarfraz Ahmed Well-Known Member Trader

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    Ambitious would be good but it must be an achievable target with your present conditions! Strict no-no for greed as everyone knows its consequence! I am fortunate enough to do trading with FreshForex broker which allows all strategies in their comfortable ECN network. They have this Megarebate which pays for every one of your trade, whether in profit or loss and it is quite big, $15 for every losing trade and $7.5 for every winning trade, calculated for 1 standard trading lot!
     
  7. Anna Markina

    Anna Markina Member Trader

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    I somewhat agree. I too believe that a person properly educated is definitely in better chance of achieving good results then one who lacks it. I have always found learning easy, as I have been lucky to have ideal guides. Firstly, it was from Baby Pips that I gained proper graduation and then now with my broker FP Markets, as they too are awesome with their simple and yet highly effective educational guidance including video tutorial, Live Webinars plus we can even use their daily market analysis by experts and various such features, so that really helps in making profits!
     
  8. Ibrahim Kardi

    Ibrahim Kardi Active Member Trader

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    Don’t expect more, this is the worst quality of trader! You need to select your trading targets according to your previous trading experience only! Frankly, I don’t need to use aggressive trading lot size in my live account as I have 100% bonus from trade24 broker! Because of this big bonus now I can make more money in order to my previous trading plan, so you need to increase your trading lot size logically!
     
  9. John Mike

    John Mike Well-Known Member Trader

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    Every Forex trader has an ambition. He always try to make his dream real by trading with Forex market. Because Forex has many facilities of it’s own which are not available in other business. If we become greedy about Forex trading then we will must be the failure from Forex. So between ambition and greed I prefer more ambition.
     
  10. mangu

    mangu Well-Known Member Trader

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    You'll find the balance between greed and ambition when youfind your purpose in life.You also need to search why you want to be a trader in this vast futuristic forex market. Greedis ambition without purpose. Greed is the illusion that comfort is not enough. Greed is more for the sake ofmore. So, if your ambition gets the purpose you easily can control your geed. ECNCAPITAL.com giving their clients psychological training to make their trader practical.
     
  11. Benard Roy

    Benard Roy Well-Known Member Trader

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    Greed can be like diabetes, it can make us empty from inside, so if we want to be successful than we need to strike right way to work out. Forex is a rare gem of a business where just remaining sensible is enough to bring out great rewards for taking. But, it’s just that greed that kills it but fortunately, I am able to control it fairly well which is to do with OctaFX broker and their prestigious offering in 50% bonus on deposit, its superb!
     

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