l screwed up. i had just decided never to over leverage again then an order triggered by mistake... now am in real trouble because it seems dow jones is about to have a great fall. i know what to do but my equity is too litlle.. If I survive this nothing will ever crush my account again..How could i be so silly...😂
Raaymenx posted: l screwed up. i had just decided never to over leverage again then an order triggered by mistake... now am in real trouble because it seems dow jones is about to have a great fall. i know what to do but my equity is too litlle.. If I survive this nothing will ever crush my account again..How could i be so silly...😂
good luck sir i hope you will survive this.. Bad luck sir :-(
L3CAP posted: You were absolutely lucky being on the right side of this market crash!!! :P[/quote I had 190 dollars as my equity in a market that could move 500 points in less than a minute....All I can say is grace found me..even the statistics on myfxbook can't get it right. I want to repent over leveraging but sometimes the temptation is too great!!! Lol!!!
It breaks my heart to have to leave this account... My broker has closed my account, I made over 14000 profit in January although I smashed that in February and March due to extreme volatilities and mismanagement of risk on my part... My broker claims they have to close down my account after doing risk analysis on my account...You would have seen all my funds recovered...I wanted to deposit and trade up but can't now. To that faithful follower still tracking my account... I am going to open an account with Tickmill and it will be awesome. No more crazy trading of more than 10000 percent a month... Anyone who will like me to trade for the fellow can contact me... Don't be afraid I won't blow your account. The minimum leverage of US30 which is my specialty is 1:100. This means a minimum account size of 2000 dollars will do. However it's worth noting that Dow can move 1500 to 2000 points in a day. So an account size of 5000 dollars will be excellent. I am trading demo on tickmill to familiarize myself with their feed. I am trading 3000 dollars there like I would 1000 because that is what I have for now😳 lol...But maybe will get more let's see....Should u join that will make things much better n faster... Enjoy your trading... Cheers 😁😁😀😁!!!
L3CAP posted: Yeah you cant go wrong with Tickmill! Has corespreads sent you an email before closing down your account? If yes please provide the part they mention risk analysis so I may take a look.
As part of our risk management process, Core Spreads regularly reviews and monitors accounts and client activity. This is to ensure that we can provide an excellent service to you and that we are able to sufficiently manage client and company risk effectively and efficiently. We also have a duty both as a regulated firm and through best practice and client conduct to ensure that this remains paramount over the lifetime of your account.
With regret, after evaluating your account, we have decided to close your account and return any outstanding balance back to you - we are not able to disclose the reasons for your account closure.
In consideration to our terms and conditions:
“We may, at any time, suspend all or any part of this Agreement and/or your account with immediate effect. Suspension will result in you being unable to enter into any new Transactions or being able to access the Platform. We may also, in our absolute discretion, suspend any individual Transaction”.
The next action
We notice that you do not have any open trades at the moment and we have set your account to read only. This means that you will not be able to enter into any further transactions with us either over the phone or through your account.
Please note that you will not be able to make any further deposits on your account and that we will return your outstanding balance, if any, back to your source bank account.
Our payments team may be in contact with regard to retuning any outstanding balance and they may ask you for your bank account details.
Core Spreads 0203 475 4830
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Raaymenx posted: I think they mentioned risk msnagement and evaluation not risk analysis sorry
I see, many thanks for sharing.
It is likely that your trading style was not very profitable for them and a risk to their books, hence they decided to terminate doing business with you. At least they were honest and upfront about it!
Regarding this part 'we are not able to disclose the reasons for your account closure', I believe they do not want to admit that your trading style was of a high risk to them and your flow probably being classed as unprofitable!
Plenty of brokers out there who would be happy to accept your custom
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Der Einsatz von Leverage schafft zusätzliches Risiko und Verlustgefahr. Bevor Sie sich für den Devisenhandel entscheiden, sollten Sie Ihre Anlageziele, Ihr Erfahrungsniveau und Ihre Risikotoleranz sorgfältig prüfen.
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