Hello All,
Being new to Forex myself I thought I would share this with other noobs, most of whom probably know about this but there maybe be some like me that didn't.
I had been trading a demo account and managed to double it in just under 3 weeks.
So I created a live account and had just about doubled that in a week, except I made the mistake of leaving it open over the weekend.
I know when I trade that there is a warning about the "gap" but I was of the belief that if I had a stop in that it would all be good and at worst I would lose a few pips. haha, Well how wrong was I.
Anyway, I didn't lose it all but am now back to where I started and the lesson learned for me is that a gap can smash you up. So from now on I will be closing my positions a little sooner although I am told that gaps do not happen that often on Forex.
Dusted myself off and ready to start again with just over my original deposit.
#Bringiton
Being new to Forex myself I thought I would share this with other noobs, most of whom probably know about this but there maybe be some like me that didn't.
I had been trading a demo account and managed to double it in just under 3 weeks.
So I created a live account and had just about doubled that in a week, except I made the mistake of leaving it open over the weekend.
I know when I trade that there is a warning about the "gap" but I was of the belief that if I had a stop in that it would all be good and at worst I would lose a few pips. haha, Well how wrong was I.
Anyway, I didn't lose it all but am now back to where I started and the lesson learned for me is that a gap can smash you up. So from now on I will be closing my positions a little sooner although I am told that gaps do not happen that often on Forex.
Dusted myself off and ready to start again with just over my original deposit.
#Bringiton