News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • US Dollar seeing a decent bid off session lows with yields pushing higher and stocks sliding amid fresh inflation jitters. $USD $DXY #Trading
  • Nasdaq slump leads global equity markets, inflation fears weigh on tech stocks. Get your market update from @nickcawley1 here:
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.80% US 500: -1.17% France 40: -2.14% Germany 30: -2.32% FTSE 100: -2.78% View the performance of all markets via
  • US Treasury Auctions this week: $58b 3-years today $41b 10-years tomorrow $27b 30-years Thursday #usbonds #usdollar #yields @DailyFX
  • 🇷🇺 Foreign Exchange Reserves (APR) Actual: $590B Previous: $573.3B
  • Heads Up:🇷🇺 Foreign Exchange Reserves (APR) due at 13:00 GMT (15min) Previous: $573.3B
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.28%, while traders in Wall Street are at opposite extremes with 75.02%. See the summary chart below and full details and charts on DailyFX:
  • Equity markets looking increasingly ugly as the US enters the fray. #equities #usinflation @DailyFX Prices via @IGcom
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.34% 🇯🇵JPY: 0.23% 🇬🇧GBP: 0.21% 🇳🇿NZD: 0.17% 🇨🇦CAD: 0.02% 🇨🇭CHF: -0.08% View the performance of all markets via
  • 🇧🇷 Inflation Rate YoY (APR) Actual: 6.76% Expected: 6.76% Previous: 6.1%
Controlling Greed When Trading

Controlling Greed When Trading

Richard Krivo, Trading Instructor

Below are two quotes from two different traders…

“Greed has cost me more than anything else.”

How can I control greed??? That has been my number 1 problem.”

Human nature being what it is, quotes of this type have come from many traders over the years.

So, how does a trader go about controlling it?

First of all, if you personally can identify with these quotes, it means you are aware that greed is negatively influencing your trading. That recognition alone is a BIG step toward resolving the issue.

To keep this detrimental emotion in check, having a definite trading plan in mind…ideally written out…will help. Keep the plan nearby where you can reference it prior to placing any trade. It will be a strategy that you have tested and one that has put pips into your account, live or demo, over time. Not positive pips on every single trade since every trade will not be a winner. But the trading plan/strategy you are using, overall, has been adding to your account size.

Then, only take trades that fit that trading plan exactly. If the trade does not measure up, don't take the trade. You only want to enter higher probability trades…trades based on your pre-determined plan. This will help prevent just randomly jumping into a trade because “it looks kind of OK”, or the “I just like to be in a trade” syndrome.

Next, never put more than 5% of your account at risk at any one time and always trade with at least a 1:2 Risk Reward Ratio in place. Rigidly adhering to both of these rules will prevent a trader from putting too much of their account at risk as well as exiting the trade at a desirable and predetermined level of profit. Overleveraging one’s account is one of the primary faults embraced by a trader influenced by greed.

Lastly, after the trade has executed with stops and limits in place, leave it alone!! Just let the trade play out according to the original parameters you put into place prior to being in the trade when emotions were non-existent.

Think about it…

When you were looking at the charts, checking trends, support and resistance levels, fundamentals and the like, you were totally without emotion. The plans that were put together while in that state of mind were based on facts alone. Once the trade is entered, however, emotions can shift into high gear. Making changes to a fact-oriented, unemotional trading plan based on moment to moment emotional shifts is not a prudent way to trade.

Managing and dealing with greed is not something that will be resolved over the next couple of trades. However, by being conscious of how greed can negatively influence your trading and implementing the above points as part of your trading regimen, you will be taking positive steps toward the goal of “greed free” trading.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.