Printable View
Your account has capital that you deposit in it and on top of that brokers offer you leverage which enhances your trading capacity ,and when you trade in big lot size and you have negative float in that trade and market reverses more , so due to lack of funds to keep a balance the trade gets auto closed and that is called margin call.
Good signals will give you a better idea about the current market trend and give you a direction for your trades but not signal about what is perfect stop loss for your trades. That you need to decide yourself based on your trades and profit targets as well.
Your PC should be good and should support trading software with good amount of RAM and a good processor and should be a updated computer and of course you require a secure internet connection as well to do trading and executes faster and Instant trades.
It is good to trade with posting bonus but you should remember that it is your hard earned money as well and you should be careful before you invest or perform your trades and choose your lot size wisely.
Economic calenders is the best way to do fundamental analysis for any trader and go through the economic data of past times which can form the basis of your trades to perform long time trades.
Forex trading can turn rewarding when the traders are willing to learn from their losses and when they work on them and try not to repeat the same mistakes.Losses are a good opportunity to learn for a trader .
You made losses in demo account and still continued with same strategy in real account and I think that is your biggest mistake and you should have tried another plan and practiced again in demo account before trading in real account.
The only magic wand in forex is money management and the way you move the wand or use money management decides the outcome of your trades in the form of more profits.
Not placing stop loss for your trades which means not trading with money management is the biggest mistake a trader can do in these markets. No trader can survive in these markets without placing proper stop loss to their trades.
I do not agree with you that bonus account traders do not care for their capital. Well this is not the case as money earned from bonus posting is our hard earned money and profits earned from them are subject to withdrawals . so we need to trade with caution.