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hi,i have an experience today.today i traded with 1:500 leverage with $15 balance.i made $6profit in less than 1hour,instead of withdrwing profit at that stage,i still continue to trade and lost entire balance.so becareful.i have learn something by this experience today.
everyone trade carefully,better to withdraw profit until you reach your principal.
what you feel?
I already write on the forum it's better withdraw your profit from you continually use this area much risk you lose nothing like that you Withdraw your profit and you try again to take another profit if you lose you will lose less money becaufe you already removed the third time like this you lose all still far has good luck with the forex
Hope you were trading with bonus money, and so the biggest mistake you did was not withdrawing your profit, even if it was your deposit money you should go to withdraw profit before enetering new trades as if you keep on multiplying your capital and never withdraw all your capital and profit is at risk.Quote:
Originally Posted by forexman
Withdrawing your profit regularly will not solve your problem, instead learn to manage your funds , and trade with small lot orders. Since when you withdraw funds in the accounts then your available margin will be reduced resulting in risk of Margin call.Quote:
Originally Posted by forexman
The mistake is you have done is over trade. And also there is no money management in your trades. You should be a newbie. You should have to learn many things to avoid MC. The first basic thing is to follow one good money management. Analyze when to enter and exit from market. Wait for the true trend and don't trade in all time.Quote:
Originally Posted by forexman
I think when we profit especially when the daily profit targets have been achieved better stop trading and profit there wd. though the target has not been achieved if market conditions do not allow us wd be better even though it's only $ 1Quote:
Originally Posted by forexman
Your leverage is the factor for facing the margin call. 1:500 is really a big leverage when you have a $15 equity. We should remember that leverage is a double edge sword it can harm us just as it can give us good profits. it can give us $15 in five minutes and it will take just another five minute to wipe out the accountQuote:
Originally Posted by forexman
mere khaya lse har trader ko apna profit nikal lena chahiye amrket se kyunki profit jab tak apke acount me rahega wo apka nahi hoga kyunki wo abhi bhi account me hai aur kabhi bhi loss me apka sara paisa ja sakta hai aur margin call lagne ki wajah se profit wala paisa bhi chala jayega..isliye har tarder ko time se apna paisa withdraw kar lena chahiyeQuote:
Originally Posted by forexman
You should withdraw your profit immediately if you are not an experienced trader because when we don't have so much experience then we do frequent mistakes and we can lose all our balance. Just try to trade small lots only and don't ever go for making big profit in short time.Quote:
Originally Posted by forexman
i think that you should not withdraw money , if you are deposit such a less money...because you should make your equity more and when you make it more than 100$, then you can start to withdraw profit...so trading with 20$ is always risky and you need to make only one trade at one time and try to make it more...do not get greedy after making some profit and always follow your strategy well..