Dear all,
Yesterday I placed two SELL trades GbpJpy which washed my account.
My account balance was 1200usd
1st I opened 2 lots sell at 22.55.
Later I added 3 lots at 23.20.
At 23.50 I was comfortable in good profit.
At 23.55 candle fell as per my analysis, you can see in picture also... I was so happy but at same time I received margin call... And trades closed with 1200usd loss and showing spread of like 50pips.
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Now everyone knows its bigger lot and risky trade with no margin of error... But what I would like to know or I want to ask you is that:
1. Should I trust and keep same broker because I want to deposit big money, other alternative is icmarket coz in my country I dont have much brokers.
2. Second thing I want to ask is that what If I had placed stoploss on 10 pips then it will hit stoploss or that spread spike when asian market open can still wash my account. Maybe they will call it slippage.
------------------
Last but not least ... exact same thing happened with GBPJPY and pepperstone on May-2019 ... It killed many people account with big down spike but too many people shouted and they refunded the money ... there was discussion at that time on forex-station 470 pip slippage hits pepperstone.
Yesterday I placed two SELL trades GbpJpy which washed my account.
My account balance was 1200usd
1st I opened 2 lots sell at 22.55.
Later I added 3 lots at 23.20.
At 23.50 I was comfortable in good profit.
At 23.55 candle fell as per my analysis, you can see in picture also... I was so happy but at same time I received margin call... And trades closed with 1200usd loss and showing spread of like 50pips.
-------------------
Now everyone knows its bigger lot and risky trade with no margin of error... But what I would like to know or I want to ask you is that:
1. Should I trust and keep same broker because I want to deposit big money, other alternative is icmarket coz in my country I dont have much brokers.
2. Second thing I want to ask is that what If I had placed stoploss on 10 pips then it will hit stoploss or that spread spike when asian market open can still wash my account. Maybe they will call it slippage.
------------------
Last but not least ... exact same thing happened with GBPJPY and pepperstone on May-2019 ... It killed many people account with big down spike but too many people shouted and they refunded the money ... there was discussion at that time on forex-station 470 pip slippage hits pepperstone.