myregister Posted November 30, 2014 Share Posted November 30, 2014 Actually if we don't want to burn our account then the best thing we can do is to is to control our own behaviour and also don't repeat the same mistake then we did in past, i know that some traders cannot do that thing because they don't want to do it, as for me i prefer to learning from my past and trade well, that is all We can do that only if we have a key to do that thing. Sometimes we are clueless about what we should do so we don't have to burnt our account, aside from lack of competence we also don't know what we do. Quote Link to comment Share on other sites More sharing options...
adil007 Posted December 1, 2014 Share Posted December 1, 2014 This thing can be said to be natural in forex tradnig, since we are to surely encounter a lot of moments when we would be burning our account losing all of our investment, but again we should not be scared or discouraged if this happens but try again after improving our skills with determination. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 2, 2014 Share Posted December 2, 2014 This thing can be said to be natural in forex tradnig, since we are to surely encounter a lot of moments when we would be burning our account losing all of our investment, but again we should not be scared or discouraged if this happens but try again after improving our skills with determination. This is not natural if you are a trade that never spend in real account first but spend most of your time first in demo account practicing to be a better trader. Burnt your account is an indication that trader already reach margin call which means they are totally lose everything. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 25, 2015 Share Posted May 25, 2015 Burn of what? I mean burn accidentaly or not? I burnt my account accidentally mainly because i don't know how to control emotion and lack of experience also really greedy that time, several times if i don't make any mistake. That is painful and you should really know how to avoid something like that as much as possible. Quote Link to comment Share on other sites More sharing options...
myregister Posted June 23, 2015 Share Posted June 23, 2015 I have burnt my account several times in the past actually. The main reason behind this was my greed as I used to trade without any proper money management strategy whatsoever. I used to take huge risks which was never required and which resulted in a complete blow up of my account even in those positions which could have fetched me some profits. Burning my own account is a bad idea, i never want to do that but accidentaly i burn my account few times the same reason is like you it's all about greediness and lack of experience even only twice but still it hurts a lot when you lose your account. Quote Link to comment Share on other sites More sharing options...
Stekin Posted July 17, 2015 Share Posted July 17, 2015 I see it as a place where you may lose and may not be able to get all that you need to understand how to make money and there are other times that you also will make losses. Loss is something that you need to cope with and also need to realize that you will have to realize the fact that it happens well. Quote Link to comment Share on other sites More sharing options...
Decub Posted July 20, 2015 Share Posted July 20, 2015 You can burn your account and also recover from it. When you move towards getting the best off your account or move towards getting the best from the market, then it is all about understanding the fact that Forex is one business that you have to be careful enough with, lest you have yourself to blame. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 20, 2015 Share Posted July 20, 2015 But have you ever do that intentionally? For sure there are many times for people but for me that's once i burn my account and lose it intentionally too, because you know newbie's habit. Think that i can grab whole chance to make profit, overconfidence about myself and for sure uncontrollable greediness, but i learn from that a lot. Quote Link to comment Share on other sites More sharing options...
Stekin Posted July 27, 2015 Share Posted July 27, 2015 Â But have you ever do that intentionally? For sure there are many times for people but for me that's once i burn my account and lose it intentionally too, because you know newbie's habit. Think that i can grab whole chance to make profit, overconfidence about myself and for sure uncontrollable greediness, but i learn from that a lot. I'm not sure if there is anyone who is in his or her right thinking senses that will want to intentionally burn his or her account because this thing doesn't make you a good trader. All traders have a dream of making a good amount of money and not in error or in negative. That is the main reason why the trader needs to learn how to become better trader with knowledge at heart. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 7, 2015 Share Posted August 7, 2015 I rarely heard someone who do that, i also think that someone will trying as the best as they can to defend their account and not let their account burned so easily. I ever burnt my account because of my greediness, overconfidence and many other newbie did in past i even loss big amount of money(in my country comparison). Quote Link to comment Share on other sites More sharing options...
Stekin Posted August 11, 2015 Share Posted August 11, 2015 I rarely heard someone who do that, i also think that someone will trying as the best as they can to defend their account and not let their account burned so easily. I ever burnt my account because of my greediness, overconfidence and many other newbie did in past i even loss big amount of money(in my country comparison).Some newbies can do this thing even though that they don't intentionally do it.I think that some people will just know that they have ended up blowing up their account when it is not in their plan to do so. Some of the times, they end up getting the opposite of what they bargained to have and this thing usually affects their performance. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 18, 2015 Share Posted September 18, 2015 Some newbies can do this thing even though that they don't intentionally do it.I think that some people will just know that they have ended up blowing up their account when it is not in their plan to do so. Some of the times, they end up getting the opposite of what they bargained to have and this thing usually affects their performance. Well, that is right it is intentionally i did it before and learned a lot from it. First never be greedy second always estimate the risk and take it intelligently don't based on so much assumption. I think burning account incidentally is fine as long as we all learn from that incident and become a better trader. Quote Link to comment Share on other sites More sharing options...
Upul Tharanga Posted September 22, 2015 Share Posted September 22, 2015 Yes, I have lost my account plenty of times, but good thing is that I have learned from my mistake and the ratio of my losses (blowing account) has gone down and that’s why I am able to succeed. It is always good thanks to Nova FX especially with Risk Free Trade option, it has chance to work easily with no risk of losses up to 3 trades or 500 USD, so that’s why I like it so much allows me to work easily without much fear over losing. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 24, 2015 Share Posted September 24, 2015 I've ever do that because of my bad, i really think i'm just like god who know everything and trade without any risk to manage. I think most of those newbies also happened to feel something like this once in their lives as forex trader, as long as you don't keep repeated it over and over again then this is a common thing. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted March 26, 2020 Share Posted March 26, 2020 Previously, the principal members in the Forex market were just national banks, business banks, profoundly affluent speculation funds, and enormous global money related establishments. Notwithstanding, the advancement of technologies has prompted the creation of web-based trading platforms for singular traders, likewise called retail traders, permitting them to exchange littler sizes than what's offered on the interbank market. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted May 19, 2022 Share Posted May 19, 2022 I think it's more important to be able to properly use the tools that are available. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted May 31, 2022 Share Posted May 31, 2022 On 5/19/2022 at 10:29 PM, Vaabum said: I think it's more important to be able to properly use the tools that are available. We will need to use such kind of a Trading systems that are risk free. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted June 9, 2022 Share Posted June 9, 2022 On 5/31/2022 at 6:54 AM, FXOpen Trader said: We will need to use such kind of a Trading systems that are risk free. I think this would be the right decision. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted June 18, 2022 Share Posted June 18, 2022 On 6/9/2022 at 10:10 PM, Vaabum said: I think this would be the right decision. We have to use such kind of trading systems that are less risky for us in the longer term. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted June 24, 2022 Share Posted June 24, 2022 On 6/19/2022 at 12:35 AM, FXOpen Trader said: We have to use such kind of trading systems that are less risky for us in the longer term. Given the current state of the market, it is better to be as careful as possible with this. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted July 3, 2022 Share Posted July 3, 2022 On 6/25/2022 at 2:48 AM, Vaabum said: Given the current state of the market, it is better to be as careful as possible with this. As you can see that sometimes the Trend gets reversed very soon so we will have to understand those changes. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted July 5, 2022 Share Posted July 5, 2022 On 7/3/2022 at 8:35 PM, FXOpen Trader said: As you can see that sometimes the Trend gets reversed very soon so we will have to understand those changes. That's what the market is for. The market is always dynamic, you should be prepared for this. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted July 24, 2022 Share Posted July 24, 2022 On 7/5/2022 at 7:29 PM, Vaabum said: That's what the market is for. The market is always dynamic, you should be prepared for this. We will have to understand the dynamic nature of the markets. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted July 25, 2022 Share Posted July 25, 2022 15 hours ago, FXOpen Trader said: We will have to understand the dynamic nature of the markets. This is an essential task for a trader. The result is precisely this. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 11, 2023 Share Posted January 11, 2023 On 7/25/2022 at 7:04 PM, Vaabum said: This is an essential task for a trader. The result is precisely this. When we are trading in the Forex markets we will need to do our trades on minimum Margins. Quote Link to comment Share on other sites More sharing options...
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