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HOW MANY TIMES BLOWING UP ACCOUNT BEFORE GIVING UP
Biedrs kopš
2 ieraksti
May 07, 2020 at 18:48
Biedrs kopš
2 ieraksti
I think one time is good. If you are trading forex with mid set of get rich quick then quit now.
Biedrs kopš
37 ieraksti
May 08, 2020 at 10:52
Biedrs kopš
37 ieraksti
Well in fact, there are dozens of factors why you may blowing up.
First of all as for me it takes unforeseen situations in the market. Perhaps you opened a trade on the news, but the market went against you. Or gap for example. The second important factor, you received the wrong signal and as a result you blew up. The third factor incorrectly distributed risks and money management. In general there are a lot of factors but the main thing is you understand what was the mistake and did not make it anymore.
Good luck anyway.
First of all as for me it takes unforeseen situations in the market. Perhaps you opened a trade on the news, but the market went against you. Or gap for example. The second important factor, you received the wrong signal and as a result you blew up. The third factor incorrectly distributed risks and money management. In general there are a lot of factors but the main thing is you understand what was the mistake and did not make it anymore.
Good luck anyway.
Biedrs kopš
19 ieraksti
May 08, 2020 at 13:44
Biedrs kopš
19 ieraksti
Don't ask question like that. Ask 'how many times blowing account before GETTING RICH'. Don't think negative of yourself - all your thoughts are forming you. You are what you think of yourself. Don't risk everything you have. And if you keep blowing up your account, maybe you are doing something wrong?
Talk to other traders, analyze what they are doing right and implement that in your life.
Talk to other traders, analyze what they are doing right and implement that in your life.
Biedrs kopš
9 ieraksti
May 11, 2020 at 08:57
Biedrs kopš
9 ieraksti
Professional4X posted:esierra77 posted:
Hello, Ive been trading for a couple of years, Ive done my homework, develope a consistent demo account strategy, and for some reason when I go live, I start making money, something happens and end up losing my account, its all in my head, would there be a time, when i stop making mistakes?
Focus on RISK MANAGEMENT as your #1 priority. Everything else is secondary to risk management.
The difference between a profitable trader and a losing trader is RISK MANAGEMENT.
isn't he lucky to have received this reply as the FIRST reply... there is NO need for another reply....even this one, the one I'm writing is useless...
Find a Method that works for you and stick to it!
Biedrs kopš
9 ieraksti
May 11, 2020 at 11:09
Biedrs kopš
9 ieraksti
yousafzai posted:Professional4X posted:esierra77 posted:
Hello, Ive been trading for a couple of years, Ive done my homework, develope a consistent demo account strategy, and for some reason when I go live, I start making money, something happens and end up losing my account, its all in my head, would there be a time, when i stop making mistakes?
Focus on RISK MANAGEMENT as your #1 priority. Everything else is secondary to risk management.
The difference between a profitable trader and a losing trader is RISK MANAGEMENT.
isn't he lucky to have received this reply as the FIRST reply... there is NO need for another reply....even this one, the one I'm writing is useless...
Are you being sarcastic? I thought the reply about risk management was very useful
Biedrs kopš
52 ieraksti
May 13, 2020 at 06:48
Biedrs kopš
52 ieraksti
lyoshatin posted:
If you analize your mistakes, then you will start to loss less and less. Never give up, only dont repeat your mistakes.
You are right. If we don't learn from our mistakes we would never be profitable in forex trading. Therefore, we must review our trades and see where we went wrong to avoid them in future.
Biedrs kopš
9 ieraksti
May 13, 2020 at 10:25
Biedrs kopš
9 ieraksti
Your account should only blow up once at most. If you do not learn from that and prevent it happening again then forex is not for you
Biedrs kopš
23 ieraksti
May 13, 2020 at 15:47
Biedrs kopš
23 ieraksti
shirtgeek posted:Mr, Shirtgeek has a point. But you can't be sure. Sometimes some things can appear... You can't protect yourself from everything.
Your account should only blow up once at most. If you do not learn from that and prevent it happening again then forex is not for you
Biedrs kopš
6 ieraksti
May 22, 2020 at 11:48
Biedrs kopš
6 ieraksti
I have been in this business for a very long time, and I constantly need to monitor everything that happens in the world so as not to miss my chance. Use demo accounts better and believe in yourself
Biedrs kopš
83 ieraksti
May 27, 2020 at 05:57
Biedrs kopš
83 ieraksti
You can’t say for sure, you need to look at the situation.
Biedrs kopš
9 ieraksti
May 27, 2020 at 09:45
Biedrs kopš
9 ieraksti
0 times. Just use a demo account first. If you cannot make it on a demo then give up before you start on a live account
Biedrs kopš
23 ieraksti
May 28, 2020 at 07:22
Biedrs kopš
23 ieraksti
Marton64536t posted:That's good! Keeping oneself updated with what's happening around the world is really helpful in forex. Good going
I have been in this business for a very long time, and I constantly need to monitor everything that happens in the world so as not to miss my chance. Use demo accounts better and believe in yourself
Biedrs kopš
38 ieraksti
May 29, 2020 at 11:00
Biedrs kopš
38 ieraksti
jordonjamesson posted:I agree with you. There are people I know who have blown up their account a couple of times but with time these people learnt and now they are doing pretty good. So We just need to keep practicing if we want get good at it.shirtgeek posted:Mr, Shirtgeek has a point. But you can't be sure. Sometimes some things can appear... You can't protect yourself from everything.
Your account should only blow up once at most. If you do not learn from that and prevent it happening again then forex is not for you
Biedrs kopš
24 ieraksti
May 30, 2020 at 14:56
Biedrs kopš
24 ieraksti
I don't think there's any limitation.
You have to navigate whether you need it or not. And then you have to make the final decision.
You have to navigate whether you need it or not. And then you have to make the final decision.
Biedrs kopš
27 ieraksti
Jul 01, 2020 at 19:54
Biedrs kopš
27 ieraksti
I blew my account x5 times...I have lost over 40k.
I promised myself I will never ever EVER!! again blow any account
I have never ever blown my account after 4 years, so its how quickly you can figure this game out...
Money management and risk is the key to success
Biedrs kopš
112 ieraksti
Jul 03, 2020 at 03:37
Biedrs kopš
112 ieraksti
In each situation, you need to act differently.
Biedrs kopš
43 ieraksti
Biedrs kopš
6 ieraksti
Jul 03, 2020 at 05:56
Biedrs kopš
6 ieraksti
my on case is more than 5tims but now I am doing good never to blown any account for about 6years
'ONLY THE MELTED GOLD IS MINTED'
Biedrs kopš
52 ieraksti
Jul 03, 2020 at 07:52
Biedrs kopš
52 ieraksti
rickyb posted:
Thomas A. Edison Quotes. I have not failed. I've just found 10,000 ways that won't work.he invented the light bulb;his first real success was in fact too bright!!!.
That's so motivating!
Biedrs kopš
373 ieraksti
Jul 03, 2020 at 08:57
Biedrs kopš
373 ieraksti
rickyb posted:
Thomas A. Edison Quotes. I have not failed. I've just found 10,000 ways that won't work.he invented the light bulb;his first real success was in fact too bright!!!.
That's just the best answer for this thread here, Ricky!
A successful person never gave up, only losers gave up, that's why they're called losers while the other people are called winners. A winner lost maybe 100 times before he/she was finally winning. It has nothing to do with 'luck', but only with 'learn and earn'. Nothing more to say here.
patience is the key
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