right. this is the 2nd time my account bowled . 1st time i lost and 2nd time i repeated my previous mistake again and thats why i lost money 2nd again. And thanks all of you to give us some good trips. promise , i will never repeat my mistake again.
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right. this is the 2nd time my account bowled . 1st time i lost and 2nd time i repeated my previous mistake again and thats why i lost money 2nd again. And thanks all of you to give us some good trips. promise , i will never repeat my mistake again.
It's important to know what is your mistakes so you won't repeat similiar mistakes again in the future especially it made youQuote:
Originally Posted by metroearn
suffer Margin Call. If you had good money management then you could prevent Margin Call in a transaction. That's the importance
of good money management.
I have blown my account so many times that I have lost count,but I guess its the process of learning and no one succeeds without some tough time,not unless an angel. I have learnt from from all the blowing off my account and I tell you some mistakes I made were just pure luck of reasoning,poor money management and greed. I just stand to have my well traded account,growing steadly but sure and I need to make it these year so greed and fear,long gone.
why this is impossible to know what was our previous mistake ? let me tell you what was: i took more than 20% risk against my balance. but when i saw my trade going in loss i was crazy and took more risk and order too many position and that is the bad habits. maximum people are losing money for the same mistake.Quote:
Originally Posted by siberian
I am new trader and I have lost my 63-US$ in 4 times and I want to tell the reason, I have lost my all money due to my greed and uncontrolled emotions.
I dont think we should let our account blow due to short margin, either we should use such a low leverage that we can manage to keep our account away of margin call, or we should use stop loss tool always so that our trade stops if it start going opposite to our prediction.
i have learn the trades from the loss and i have no hesitation in saying that i have blown the account many times. And the best thing that i have got to learn is the effective use of the money management which gives me good control also over the trading funds.Quote:
Originally Posted by fxquest
I have blown my IFX forex account a number of times, but that was when i broke all forex rules and trade any way that i like. I think i have blown an account about 4 different times.Quote:
Originally Posted by james
i have blow my accounts for 3 times since joining. after that, from last 2 months i have make some profit and happy with current account. i loos my account mainly because of lack of practice and lack of knowledge on Forex.o, do more practice, otherwise you will loose your account like me.happy trading
I think you should learn from your mistakes which you've made that cause your account has lost 3 times. If you didn't makeQuote:
Originally Posted by sonia
same mistakes, then you could learn from three mistakes that could make you suffer Margin Call. The most important thing
to prevent Margin Call is money management.