HOW MANY TIMES BLOWING UP ACCOUNT BEFORE GIVING UP

I think one time is good. If you are trading forex with mid set of get rich quick then quit now.

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.

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.

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...

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

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.

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

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 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

You can’t say for sure, you need to look at the situation.

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

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

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.

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.

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

In each situation, you need to act differently.

at least learn to hedge .. :)

my on case is more than 5tims but now I am doing good never to blown any account for about 6years

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!