zebrut Posted December 10, 2012 Share Posted December 10, 2012 fate seems you just like me who experienced MC again when the benefits I get quite a lot but because of one fatal mistake that I did end up getting the MC so that the advantages that I got and that I have no capital left at all but even if I had not MC I made desperate and even made me more spirit to trade and learn more about the trade Quote Link to comment Share on other sites More sharing options...
tirus Posted December 13, 2012 Share Posted December 13, 2012 Its good that you are determined to keep on trading and learning despite the circumstances because some traders are not persistent and will start thinking about quitting when they hit MC and find that it was quite a lot of funds involved. Its never easy to recover from huge losses I would imagine but but its part of the learning process. Quote Link to comment Share on other sites More sharing options...
indieover Posted December 26, 2012 Share Posted December 26, 2012 I think it's just a common mistake that you would sometimes going to burn your account. I have reached MC already thrice. But is just okay as I'm not discourage yet. I'm still very much determine that i would keep on trading. I know its just part of learning experience Quote Link to comment Share on other sites More sharing options...
tirus Posted January 1, 2013 Share Posted January 1, 2013 Yes, this is something that one would expect in trading to happen if you have many accounts you can still be able to trade with your other trading accounts. What matters more is that you udnerstand the reasons why you were not successful and try to rectify that before you return to trading again. Quote Link to comment Share on other sites More sharing options...
budado Posted January 1, 2013 Share Posted January 1, 2013 Today is January 1 so happy new year. I have some good bright hope right now. I'm hoping that I can increase my earnings forex trading without getting MC. So I hope this year their will be no more MC for me and right now I have eight accounts but I'm planning to reach 10 accounts. That's what I'm hoping for right now. I hope I can make good income in here. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted February 3, 2013 Share Posted February 3, 2013 I usually don't have regret in the trading accounts that I got MC. As always, once we are in Forex trading we are definitely soon to have margin call here. Remember that everyone will bound to fail and therefore, will leave the account with zero balance or cannot make a position or make a position. Our goal is always to still continue to trade since we have either replenish our trading account or trade in other or new trading accounts. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted February 12, 2013 Share Posted February 12, 2013 Burning my account is common for me especially when I am scalping. However when I intend to take high risk I keep my deposit small and blowing away of this deposit does not make a big difference to me because i many times manage to multiply my balance and withdraw the profits. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 15, 2013 Share Posted March 15, 2013 Well, this is usual for Forex trading. I don't think the fact that we can have it only in scalping but it happens in any kind of trading. Either short or long term trading. Once, we have burnt our trading account chance is to recover or create a new trading account and invest. Reaching margin call is the crucial time to decide whether to keep trading on that account or not. Quote Link to comment Share on other sites More sharing options...
standart Posted March 18, 2013 Share Posted March 18, 2013 scalping is the most difficult trading style and maybe it need special skill since not all traders able to see clarity near high traffic road. I am unable to do scalping because I am have no such special skill and if I force to do that, maybe I will have same fate with you, got margin call and make my account empty. Quote Link to comment Share on other sites More sharing options...
mesbakh Posted March 20, 2013 Share Posted March 20, 2013 i ever burnt my 200 bcks in frex because of my greedness. i cant control my self to not to open new posiition Quote Link to comment Share on other sites More sharing options...
monyitomon Posted March 20, 2013 Share Posted March 20, 2013 But I guess, that is a lesson to be learned as you already experienced it, so the next time you will make a decision that you think that your account can possibly get blown out. So, it's just better not to take it because our capital is one of the most important because if you don't have it then you can't do trading with a real account. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 24, 2013 Share Posted March 24, 2013 Yet, even so we have experienced of losing and reaching the margin call. Chances that we might repeat the same mistakes on losing our trading account. This is usually not going to get rid because, everyone knows that we will always have losses not only making profits. We can only recover from our trading but we need to focus on the risk management to not have MC easily. Quote Link to comment Share on other sites More sharing options...
savehouse Posted April 28, 2013 Share Posted April 28, 2013 well to be sincere with you guys,i have burn my account time without numbers though i have being able to start making profit now and i guess the major problem i had them,was that,i don't have a monthly target.i was hoping to double my account in short time and i end up losing my account time after time,though it possible to double one account with a month but one need to be careful with the emotion that surround such target. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted May 19, 2013 Share Posted May 19, 2013 It's obvious that everyone will have burnt or lose their trading account. So no need to worry or shame about it. I have even lose several accounts and my plan in here is to just move on and continue to trade with the new and better trading. After all, we can gain capital from the various ways through Forex forums and also the trading contests. Quote Link to comment Share on other sites More sharing options...
budado Posted May 19, 2013 Share Posted May 19, 2013 I got MC multiple times already and I don't think I can end up making good income in here without any problem at all. I'm happy that some how I can't see myself earning good and earning well in here. I'm really happy that some day we can make something good in here. I'm sure we can see this as some thing that we need to make sure so its better that we just going to jump in in here hoping to see me become a successful trader. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted June 1, 2013 Share Posted June 1, 2013 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. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 4, 2013 Share Posted June 4, 2013 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 Quote Link to comment Share on other sites More sharing options...
budado Posted July 19, 2013 Share Posted July 19, 2013 I incur multiple MC already so for me its not really something big issue. I do hope that in two to three years time I can earn back my loses and even end up in profit. My main goal is really to make something good out of myself in here. I'm really exited to see myself as a successful trader and hoping that even if I get MC I can still recover. I'm sure I can and I'm sure I will with right timing. Quote Link to comment Share on other sites More sharing options...
euro Posted September 15, 2013 Share Posted September 15, 2013 I have always use a stop loss and even in a demo so that doesn't hurt me and I do not lose everything. I use like 10 to 30 pips to prevent all losses but luckily it works out quite well for me. I lose when I was a newbie and I learned a lot but not a lot of money though. I'm very good at money management so I will not put tons in to lose all. Its not my style. I can control myself and I think as a newbie, you should use bonuses and low capital to trade with. Quote Link to comment Share on other sites More sharing options...
screw_twizz Posted January 3, 2014 Share Posted January 3, 2014 I am able to simply check silver cost motion although When i will not trad them, When i hurt to currency trading limited to optimum and more know-how success. Quote Link to comment Share on other sites More sharing options...
Decub Posted January 4, 2014 Share Posted January 4, 2014 Yeah, it happens to most people. Not that everyone gets a margin call but in a long run, a lot of people do. It is the least an average trader would ever expect, yet, it keeps happening. I guess it's always a lesson to all irrespective of how much it hurts. I got mine in the early stage when I jumped into Forex hoping that it's easy to earn. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 9, 2014 Share Posted November 9, 2014 Only once burnt my account and just like the other traders, that is because i am not careful, just happy because of 2 consecutive profit. Overconfident in me told me to keep trade even the market isn't that good. I loss at around $300. Not much but for newbie that is big enough. Quote Link to comment Share on other sites More sharing options...
adil007 Posted November 26, 2014 Share Posted November 26, 2014 Of course this is something which is kind of natural in beginning in my view, I have burnt my account not just one time so this is not a new thing to me, however I think this mainly happens because we get impatient and we still do not have that much good skills or knowledge so we should try to work on that. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 27, 2014 Share Posted November 27, 2014 I think you should learn from that, this is a big lesson for you. Burn our account is actually the last thing that we can do if our account already does not have much hope again, for some people this is the last resort and also their new path to create a new account that they hope could last longer. Quote Link to comment Share on other sites More sharing options...
Milo Beck Posted November 28, 2014 Share Posted November 28, 2014 It’s really painful to be remembering those occasions, but yes I have burnt my account many times, but the main point is that I have learned from it and if we are doing that than we should never worry as how much we lose. I feel proud to be working in a company like OctaFX, it’s a client oriented company, so they always have terms and conditions that suits us and they allow us to trade with complete freedom with all technique including scalping, hedging or news trading allowed. Quote Link to comment Share on other sites More sharing options...
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