I lost money due to
power failure ( last year 5 times outage- I live 50 km from Hamburg/Germany- very marode net)
Internet connection down ( Deutsche Telekom )
Broker Server down ( AbnAmro - they licensed from oanda )
Postman rang the bell while in a trade
answered the phone while in a trade
slippage !! especially in fast markets with a marketorder
Your chance to loose money is not only when making bad trades !
Keep that in mind please !
You need at least a second PC, UPS, second Inet connection and the most important:
a second broker to eventually hedge a trade ( imagine your broker is down for a week )
power failure ( last year 5 times outage- I live 50 km from Hamburg/Germany- very marode net)
Internet connection down ( Deutsche Telekom )
Broker Server down ( AbnAmro - they licensed from oanda )
Postman rang the bell while in a trade
answered the phone while in a trade
slippage !! especially in fast markets with a marketorder
Your chance to loose money is not only when making bad trades !
Keep that in mind please !
You need at least a second PC, UPS, second Inet connection and the most important:
a second broker to eventually hedge a trade ( imagine your broker is down for a week )