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HOW MANY TIMES BLOWING UP ACCOUNT BEFORE GIVING UP
Členom od Jan 02, 2019
2 príspevkov
May 07, 2020 at 18:48
I think one time is good. If you are trading forex with mid set of get rich quick then quit now.
Členom od Jan 10, 2020
36 príspevkov
May 08, 2020 at 10:52
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.
Členom od Feb 18, 2020
19 príspevkov
May 08, 2020 at 13:44
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.
Členom od Jun 09, 2010
9 príspevkov
May 11, 2020 at 08:57
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!
Členom od May 06, 2020
9 príspevkov
May 11, 2020 at 11:09
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
Členom od Apr 28, 2020
49 príspevkov
May 13, 2020 at 06:48
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.
Členom od May 08, 2020
9 príspevkov
May 13, 2020 at 10:25
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
Členom od Feb 13, 2020
21 príspevkov
May 13, 2020 at 15:47
shirtgeek posted:
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
Mr, Shirtgeek has a point. But you can't be sure. Sometimes some things can appear... You can't protect yourself from everything.
Členom od Feb 26, 2020
5 príspevkov
May 22, 2020 at 11:48
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
Členom od Apr 15, 2020
77 príspevkov
May 27, 2020 at 05:57
You can’t say for sure, you need to look at the situation.
Členom od Apr 16, 2019
9 príspevkov
May 27, 2020 at 09:45
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
Členom od May 15, 2020
18 príspevkov
May 28, 2020 at 07:22
Marton64536t posted:
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
That's good! Keeping oneself updated with what's happening around the world is really helpful in forex. Good going
Členom od Oct 19, 2019
35 príspevkov
May 29, 2020 at 11:00
jordonjamesson posted:shirtgeek posted:
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
Mr, Shirtgeek has a point. But you can't be sure. Sometimes some things can appear... You can't protect yourself from everything.
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.
Členom od Jul 12, 2019
21 príspevkov
May 30, 2020 at 14:56
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.
Členom od Mar 31, 2018
28 príspevkov
Jul 01, 2020 at 19:54
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
Členom od May 24, 2020
102 príspevkov
Jul 03, 2020 at 03:37
In each situation, you need to act differently.
Členom od Oct 20, 2009
42 príspevkov
Jul 03, 2020 at 04:49
at least learn to hedge .. :)
Členom od May 21, 2014
6 príspevkov
Jul 03, 2020 at 05:56
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'
Členom od Apr 28, 2020
49 príspevkov
Jul 03, 2020 at 07:52
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!
Členom od Jul 20, 2019
338 príspevkov
Jul 03, 2020 at 08:57
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
