The trading business is really a lucrative business, but if we look at the ratio of successful traders, we will find that 20% are successful and 80% are losers. This is not good, but if we look at the reason for losses, there are many small issues that cause damage.
After joining the trading business, most people become greedy and think that they can make huge profits if they enter the market with a large lot without proper analysis of the market or experience. To be a good trader, we need a solid understanding of the market and a solid understanding of trading. If you want to become a good trader, focus on learning and avoid greed.

Greedy people in trading and the greed that is reflected in the market is something that has been studied for years and there is still much to learn about the topic. The common understanding of what greed means is a craving for material possessions. However, what it means when it comes to trading is much different. Many people don't realize it until they trade themselves, but many traders who engage in risky trades are not greedy.

Greed in trading stems from the inherent desire for financial gain and the psychological thrill of success. Many traders are driven by the potential for substantial profits, which can cloud their judgment and lead to overly aggressive strategies. The allure of quick wealth often overrides caution, prompting traders to take excessive risks without considering the possible losses.

Additionally, market movements and media hype can amplify greed, creating a fear of missing out (FOMO) on lucrative opportunities. This emotional response can cause traders to chase trends or hold onto winning positions for too long, hoping for even higher gains.

Psychological factors, such as overconfidence and the illusion of control, also play significant roles. Traders may believe they can predict market movements accurately, leading them to ignore warning signs and fail to implement risk management practices effectively.