So as the topic says how many times did you blow your account and what was the reason and mistakes you did and how much did you blow out???
i did mine 3 times since joining=( ......so share your views brothers and sister
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So as the topic says how many times did you blow your account and what was the reason and mistakes you did and how much did you blow out???
i did mine 3 times since joining=( ......so share your views brothers and sister
I have done this job about 4-5 times but every time when I did it I learned a new lesson. Now I am more careful in trading and try to trade with small lot size. If we follow the forex rules then we can avoid getting MC again and again.Quote:
Originally Posted by james
good question accounts will blow again and again until we learn from mistakes and failures , more over one should strict to money management lot size should depend on type of a/cs we open...
It has been same with me too. I have been wiped out 3 times during my trades. I lost all my money then. I was really stupid not to close the trade when the trends were moving against me so vigorously. But now I have recovered that loss and I am never making that mistake again.Quote:
Originally Posted by james
i blow my trading account one time when i was just come in forex..Quote:
Originally Posted by james
that is give me good experienc and i feel the value of money management.
now i always trade under money management..my returns are less but my account will safe.
भारतीय सैन्य अकादमी begginner और मैं 60 के आसपास खो दिया है, दो पारियों में $ मतलब है कि मैं इन विफलता से मेरे खाते दो times.But उड़ा दिया मैं चीजें हैं जो मुझे भविष्य में मदद मिलेगी की बहुत कुछ सीख
i have lost'my'accounts minimum five times i guessd, the first one for using large lot size and it was when i had any knowledge about the lot size and MC, others for holding on the losing trades and not fixing a sl target.
i lost my trading account one time..
greed and crossing money management rules are very dangerous.. due to these factor i will lost my account.
if my greed was in money management then may be i will save my account but my greed is out of my managements so i will lost my account.
good question accounts will blow again and again until we learn from mistakes and failures , more over one should strict to money management lot size should depend on type of a/cs we open...
1 time before , i got a blow off of my account of 100$ that i invested in my instaforex account . after that i reduced my lot size and learned to put stop loss in my trades . after that i never get a such big blow and always try to make little profits with respect to my investments.
these things mostly happen in many beginners and they did just because they think they will get much money in less time so they open the trades with big lot sizes and they got nothing but loss to their accounts.i have lost five accounts because not using take profit and stop loss.
Short term or intraday traders use high leverage often and expect to get very high profit, equally their trade have to face risk, if entire margin is used there are good chances of blowing account in volatile market conditions, i some time dont use stop loss especially when i feel i shall lose more than 60% capital if stop loss is triggered so why not take little more risk of blowing account or increase more chances of returning in profit, so i burnt my account several times already.
mera account taqreeban 2 bar bellow hova hy or mujhy first time 80$ or second bar 53$ ka loss hova pr is me mujhy experince gain hova or ab me ney sekha hy k greed control karni .
Yes i guessd the first one for using large lot size and it was when i had any knowledge about the lot size and MC others for holding on the losing trades and not fixing a is target and they will get much money in less time so they open the trades with big lot sizes and they got nothing but loss to their accounts.
I have done this job about 4-5 times but every time when I did it I learned a new lesson. Now I am more careful in trading and try to trade with small lot size. If we follow the forex rules then we can avoid getting MC again and again.
It has been same with me too. I have been wiped out 3 times during my trades. I lost all my money then. I was really stupid not to close the trade when the trends were moving against me so vigorously. But now I have recovered that loss and I am never making that mistake again.
i have lost about $150 in two accounts.one account lost by entering the large lot sizes.another account lost by wait for getting too much profit from small equity and it gives huge loss to me.after these,i correcting my mistakes and develop own strategy for current trends.now i got acceptable profit by my own analysis.
i lost my 2 account in 2 months; lol
first account i cannot control my emotion so i bid in huge lot to gain big profit, its work but i dont close it, i wait until it get bigger profit, in fact market movement are back and waiting so long to get it back but until MC it not back :(
second time i forget to close my open order and when next day i want to trade its gonna MC. how stupid i am.
i think that it is common for newbies and some traders who are new at forex trading that they will blow up their account...so if i talk about my account, i have blown up my account for more than 10 times...so even i do not count that how many times i have blown up my account....main reason is to get greedy and to over trade....
We are on the same boat. I have blown several account but overall I'm still making some money. Based on my experience we have to withdraw some of our capital and profits regularly so that if market suddenly make a sharp movement against our positions, we still have some profits in our bank account.Quote:
Originally Posted by adahidayat
Well i blowwed my trading account only once in my 10 months of Forex trading and lost around $350 in that instant. This happened to me because of my overconfidence in my analysis in silver trading.
ma jb sa trading kar raha ho .two times mera account bilkul empty howa hai or ya meri mistakes ki wajha sa hota tha lakin jb bi mujhat nuksan hota main es sa kuch na kuch zaror seekhta or dobara jb ma trading start karta tu ma us galti ko avoid karenay ki koshish karta.
Nice topic starts ever by you dear, Now i am gaining the profit but its not in the earlier days of my trading as i am a newbie i lost extreme that there is only $ 0.01 left in my account more then 3 times
Every physical forex trader has blown his account at one time or the other. How many times your blow your forex trading account is not really the issue. The issue is did you learn anything from your blow account? That is where the real value is - the lesson learned from the margin call.
It happened to me only once, when i was new in Forex. The main reason was my greed, i used a bigger lot size and market went against. My capital was very small i.e; 100$. They instantly vanished before my eyes. But it gives me a lesson that " never trade without money management , and dont be greedy " .
If you have used good money management then you won't lose your account. Margin Call is happening because youQuote:
Originally Posted by sukeshroy
can't trade with following good money management which you made. If there is good money management then you won't
lose more than you can afford to lose.
i blowout my trading first time is three time, first time when i learn about forex trading, second when i have and got welcome bonus no deposit required and third, when i have bonust post from forum.
i blow my account once and once i will near to again blow condition but due to my luck i will save it form margin call and blowing.
when i was near to margin call then i will open new trade with triple lot size in hedging.
if my luck is good than i will save otherwise not. but in short if we play money management in a good way then we can not loss our account.
I have also blown off my account only once and I have lost my real deposit of $18 that I have purchased from a friend. But after losing I have heard a good news that I can get bonus for posting at this forum and I can recover all my losses because profit can be withdrawn if I get any profit by using that bonus for trading.Quote:
Originally Posted by medhat4forex
Blow the account certainly felt many traders therefore we must be ready to accept defeat, but that does not mean we do not do anything and let we lose, because losing and winning is reasonableQuote:
Originally Posted by maliknas
often the case that losing is not always going to keep losing and winning is not always going to keep winning, be ready to accept defeat and prepare for the worst that we will face in order not easy to become discouraged and steadfast face a variety of obstacles, the stoic is one who will quickly rise after a failure, but the people who do not want to accept defeat is the one who will always be dropped without any improvement,
The account has blown, but I hope with that experience that we can take lessons
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.