yogeshwartyagi Posted October 30, 2011 Share Posted October 30, 2011 Did it happen every with your account that your trades stopped due to margin requirement when you used higher leverage? I faced this situation two times but in both fortunately i had only little balance 19$ and 11.5$ that i lost. Quote Link to comment Share on other sites More sharing options...
budado Posted November 3, 2011 Share Posted November 3, 2011 Many times. And the biggest loss I get is 1000 dollars. That's 2006. But now I learn. Although to be honest I'm still not near my 1000 dollars loss. But for the last three years I'm steadily earning back. The problem is that I have using small funds to trade. Unlike before that I spend big expecting to earn big also. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted November 5, 2011 Share Posted November 5, 2011 Well i always have that problem with the available margin it is really disappointing that because of high leverage it is fast to get losses too thats why i dont know how to resolve it since i put 1:500 leverage or should i change it into 1:100 to make a longer margin. Quote Link to comment Share on other sites More sharing options...
mohammadbadr Posted November 13, 2011 Share Posted November 13, 2011 I also lost little amounts as the author did, because i didn't risk big sum of my money initially as i knew from forums that in your beginning in forex it is so probable to lose your first and second and maybe the third account you create even if you think that you gained the enough experience for safe trading, so it wasn't a disaster to me for luck, but now i am a better trader, and i am able to invest more in real accounts. Quote Link to comment Share on other sites More sharing options...
budado Posted November 20, 2011 Share Posted November 20, 2011 Well i always have that problem with the available margin it is really disappointing that because of high leverage it is fast to get losses too thats why i dont know how to resolve it since i put 1:500 leverage or should i change it into 1:100 to make a longer margin. If you want you can try my strategy. I have five forex broker account right now. And each one has different strategy and style. Now since you have 1:500 margin. I guess you can use this to day trade. while the 1:100 margin for long trade. And you can open more for to use for strategy enhancement. Now you must also compute the stop loss equals. Since if you lower your margin that means you can also lengthen your stop loss also. Get the idea? Quote Link to comment Share on other sites More sharing options...
riddick09 Posted November 20, 2011 Share Posted November 20, 2011 If you want you can try my strategy. I have five forex broker account right now. And each one has different strategy and style. Now since you have 1:500 margin. I guess you can use this to day trade. while the 1:100 margin for long trade. And you can open more for to use for strategy enhancement. Now you must also compute the stop loss equals. Since if you lower your margin that means you can also lengthen your stop loss also. Get the idea? Â It takes me few minutes to understand well i understand that your strategy for longer trade will be in 1:100 and can put the stop loss longer than the 1:500. So in 1:500 leverage it can have only short stop loss but then it is big loss. I try to change and check it is right better to have 1:100 leverage. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted November 27, 2011 Author Share Posted November 27, 2011 If you want you can try my strategy. I have five forex broker account right now. And each one has different strategy and style. Now since you have 1:500 margin. I guess you can use this to day trade. while the 1:100 margin for long trade. And you can open more for to use for strategy enhancement. Now you must also compute the stop loss equals. Since if you lower your margin that means you can also lengthen your stop loss also. Get the idea? You are right - we should decide our own strategy and importantly stick to it. A Lower leverage will certainly help you stay longer and will give you more chances to close your trade in profit. But again with lower leverage you shall be able to open small positions and so lower profit. Quote Link to comment Share on other sites More sharing options...
senger Posted December 5, 2011 Share Posted December 5, 2011 What an expression of their strong trading in the Forex and I see that the accounts were not Tnhriq but we have to manage our money in circulation Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted December 6, 2011 Author Share Posted December 6, 2011 While trading in gold i usually go long and again last month i let my account amounting 55$, blow though before that i earned more than 70% - actually gold range is so high that using a narrow stop loss is not worth so better to keep booking several times and set stop loss at entire margin. But now i trade half of my margin so i can survive long. Quote Link to comment Share on other sites More sharing options...
budado Posted December 7, 2011 Share Posted December 7, 2011 I don't trade gold So I don't know its behavior. But its good to trade one commodities only. The longer you trade the same commodities the more you know about that commodities. For example I only trade USD/CAD and USD/CHF. So even if I don't look at the chart but simply because of months of trading. I feel some how know when the probability of dip and rally. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted January 15, 2012 Share Posted January 15, 2012 I am always checking gold prices but I do not invest in them. I feel quite uneasy with them because I do not know how they react to the times. As to burning my forex account, I got mine close to zero $. Quote Link to comment Share on other sites More sharing options...
kivanger Posted January 15, 2012 Share Posted January 15, 2012 indeed I felt it and it really very makes me upset and I just get the loss at minus 5 and I'm sure that my trading will go up but because I'm Open Position with high prices and immediately stopped and lost a fairly large. so I always do Open Position under 1:10 my capital so this does not happen Quote Link to comment Share on other sites More sharing options...
luke1 Posted February 1, 2012 Share Posted February 1, 2012 I know, our feeling is very hard when we have to realize we lose our money on our account. This is not good and sometimes we can not control our emotion too. But, I never turn my account until 0 luckily Quote Link to comment Share on other sites More sharing options...
rexway Posted February 3, 2012 Share Posted February 3, 2012 I can only check gold price movement but I dont trad them,I stig to forex only for maximum and more knowledge archivement. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted March 21, 2012 Share Posted March 21, 2012 Well, I have come across such account blow up situation several times and let me tell you that, the feeling of loosing up all the money in our forex account is very devastating. However, such situtation does leave us with something to learn and I too have learned several things out of my past mistakes. Especially to place SL... Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 28, 2012 Share Posted March 28, 2012 Me too. I blew my account up a number of times before I appreciated the importance of placing a stop loss while trading. It is also important to know that most new traders are faced with this account blowing issue. A proper risk management technique can help a trader prevent this from happening. Quote Link to comment Share on other sites More sharing options...
budado Posted March 31, 2012 Share Posted March 31, 2012 Me too. I blew my account up a number of times before I appreciated the importance of placing a stop loss while trading. It is also important to know that most new traders are faced with this account blowing issue. A proper risk management technique can help a trader prevent this from happening. Since we are dealing with money its not risk management that we need to study but money management. So I guess this is the main reason why you get mc for number of times. since you don't have a clue what is money management is. In risk management you are studying the pair volatility that you want to trade. In money management you are studying how much or the amount that you need to trade in order to prolong your trading. Quote Link to comment Share on other sites More sharing options...
rexway Posted April 3, 2012 Share Posted April 3, 2012 Ye but both of this things money management and risk management should be sincerely taking care of because both of them play avirtal role in our trading live and we should not over trade no matter how long you have been trading we shouldnt overtrade to aviod account blowing. Quote Link to comment Share on other sites More sharing options...
charlly007 Posted April 26, 2012 Share Posted April 26, 2012 Wow,higher leverage can make one lose money on Forex trading ? I never come across that at all before.What i think is good for me when i am trading forex is 1 : 200.I don't need to go for higher leverage in order to earn more money.I plan on getting more experience before making any higher plan. Quote Link to comment Share on other sites More sharing options...
antthenait Posted May 1, 2012 Share Posted May 1, 2012 I think we already discussed about the same topic in other thread. But I would like to say you about another matter. If you use some ratio of 1 :100 , then it can be stable but if you took some high ratio of 1: 500 or more - then you have to take higher risk or getting deduction. If our rate will drops down then it can be reduce as reduction. Quote Link to comment Share on other sites More sharing options...
luke1 Posted November 19, 2012 Share Posted November 19, 2012 I also ever burned my account on forex trading. It was happened when I traded on Gold trading. I won like 200% in a day. But, when I decided the wrong direction, then directly, I got all my money gone on the trading. Well, forex is not that simple and easy like what we think here Quote Link to comment Share on other sites More sharing options...
budado Posted December 1, 2012 Share Posted December 1, 2012 I have burnt my account three times. And loss about 1,500 dollars total. But right now I earn it back as I have 1,496 dollars capital with 200 plus withdrawn already. So in short I'm already breakeven and in fact already in profit. Sometimes its not about how many times you burnt your account but how many times you stand up and trade again and become successful. Quote Link to comment Share on other sites More sharing options...
rexway Posted December 3, 2012 Share Posted December 3, 2012 I also ever burned my account on forex trading. It was happened when I traded on Gold trading. I won like 200% in a day. But, when I decided the wrong direction, then directly, I got all my money gone on the trading. Well, forex is not that simple and easy like what we think here if that is true then be sure that you really do that with gold trading and not with forex trading as for me I loss my money infact my first trading account in forex when I first started forex trading atleast this make me learn from my mistake and become more profitable. Quote Link to comment Share on other sites More sharing options...
tirus Posted December 7, 2012 Share Posted December 7, 2012 You would need to find a turn around strategy if that happens so that you can first determine what went wrong and try to find a way to move forward to continue trading without repeating the same mistakes that cost you. In situations where funds are easy to come by then you would also need to find a way to generate trading funds in the process as well. Quote Link to comment Share on other sites More sharing options...
indieover Posted December 8, 2012 Share Posted December 8, 2012 i have experience hitting MC again. So i am trying to learn more. i know that i am impatient and wanted to do live trading right away despite the lack of knowledge. so i just hope that i would be able to get to recover my losses. it is not that easy to be a successful trader. i would need to learn a better strategy. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.