is this the reason you leave Forex | Forex Factory

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is this the reason you leave Forex

  • #1
  • First Post: May 23, 2017 1:46am May 23, 2017 1:46am
Hi All

I just want to share what happen for my account yesterday and it look like someone monitor the margin for the accounts and this only reason keeping me thinking to leave the forex market.

the price reach the point that hit my margin and retrace after .


Thanks
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  • #2
  • May 23, 2017 3:37am May 23, 2017 3:37am
at wich hour ? put a chart with time scale, we can compare with other brokers
No more Fight, the victory has come...
  • #3
  • May 23, 2017 3:40am May 23, 2017 3:40am
Quoting nonor
at wich hour ? put a chart with time scale, we can compare with other brokers
sure
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  • #4
  • May 23, 2017 3:55am May 23, 2017 3:55am
on my broker the price reach 1.30153, so normale spike,
from M15 to D1 the pair was above ema200 and in a quick uptrend....
No more Fight, the victory has come...
  • #5
  • May 23, 2017 4:12am May 23, 2017 4:12am
Everything is normal.

If it was a monitored by the broker, you would see it in only one bar from the 1min chart, not 20+ bars.
  • #6
  • May 23, 2017 4:45am May 23, 2017 4:45am
Quoting alawy103
Hi All I just want to share what happen for my account yesterday and it look like someone monitor the margin for the accounts and this only reason keeping me thinking to leave the forex market. the price reach the point that hit my margin and retrace after . Thanks {image}
you're part of this fucking industry
Inserted Video


and btw. this was just a normal move
  • #7
  • May 23, 2017 4:47am May 23, 2017 4:47am
Quoting alawy103
Hi All I just want to share what happen for my account yesterday and it look like someone monitor the margin for the accounts and this only reason keeping me thinking to leave the forex market. the price reach the point that hit my margin and retrace after . Thanks {image}

Stop loss and margins could always be a problem, even for very skilled operators. Even if the broker is perfectly correct and the environment in which you trade is pretty fair. A way to skip this is to use other methods to trade. Like options. The risk is what you pay for at any particular moment in time and that's all. Obviously it is an other world and it is not easy at all. But think at it. Best L.
Ubi maior minor cessat
  • #8
  • May 23, 2017 9:01am May 23, 2017 9:01am
Traders should account for market conditions whatever they are and whatever their source might be. Of course, try to pick brokers who are not adding layers of complexity on top of already challenging environment.
  • #9
  • May 23, 2017 4:46pm May 23, 2017 4:46pm
Quoting MetBo
{quote} you're part of this fucking industry https://www.youtube.com/watch?v=L7G0OfJUON8 and btw. this was just a normal move
Stop posting that fucking video, he is just another loser fucker.


You have to blame yourself for your own mistakes... don't blame the industry.... do due diligence first before jumping in.
  • #10
  • May 23, 2017 4:48pm May 23, 2017 4:48pm
Quoting alawy103
{quote} sure {image}
No, the reason you got a margin call is that you did the most stupid thing possible. You kept adding to a losing position and each time you added a larger position....when you do that nonsense, it ends in margin call EVERY TIME. You started with .10 and the last position you added was a full lot...10X the original position....ROOKIE move and you should thank your broker for the margin call before you ended up broke.....SMH
Plan, Prepare, Execute, Repeat
  • #11
  • Edited 5:12pm May 23, 2017 4:51pm | Edited 5:12pm
NEVER ADD TO LOSING TRADES!
No matter what some particular FF "gurus" tell you.
Always cut your losses, let profits run.
Ed Seykota: "The elements of good trading are cutting losses, cutting losses, and cutting losses."

k

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  • #12
  • May 23, 2017 5:09pm May 23, 2017 5:09pm
Quoting alawy103
{quote} sure {image}
Never ever hang on to losing trades, let it go.

Rule 1. Let go losing trades.
Rule 2. Let go losing trades.
Rule 3. Let go losing trades.

Live to fight another day, believe me, the next opportunity will arrive soon enough to make a profit.
  • #13
  • May 23, 2017 7:25pm May 23, 2017 7:25pm
Quoting swingtrade65
{quote} No, the reason you got a margin call is that you did the most stupid thing possible. You kept adding to a losing position and each time you added a larger position....when you do that nonsense, it ends in margin call EVERY TIME. You started with .10 and the last position you added was a full lot...10X the original position....ROOKIE move and you should thank your broker for the margin call before you ended up broke.....SMH
Spot on ..
  • #14
  • May 23, 2017 9:35pm May 23, 2017 9:35pm
Your broker is probably an honest business. Mostly honest anyway. They aren't watching your stops. They don't care. They make money off of commissions and spread. The reason you're losing money is because you don't have the education necessary to make informed decisions about where price will turn. You just get eaten up in the chop without that knowledge.
  • #15
  • May 23, 2017 9:49pm May 23, 2017 9:49pm
I mean...30 pip to margin call on a rather volatile pair....not judging here on your position size but that should be the cause, not the entirely broker...the only problem with them is that they allow such leverage traders that don't understand the risk involved with leverage.

It's a double edge sword. And most of the time, traders kill the self with it. On the bright side, It's a cheap lesson though, just $300.

Learnt mine for $1000 when I first started...though I still leverage hard at times, but with extreme caution.

Good luck
Searching for some order in these apparent chaos...
  • #16
  • May 23, 2017 10:04pm May 23, 2017 10:04pm
Quoting Speedhastey
I mean...30 pip to margin call on a rather volatile pair....not judging here on your position size but that should be the cause, not the entirely broker...the only problem with them is that they allow such leverage traders that don't understand the risk involved with leverage. It's a double edge sword. And most of the time, traders kill the self with it. On the bright side, It's a cheap lesson though, just $300. Learnt mine for $1000 when I first started...though I still leverage hard at times, but with extreme caution. Good luck
Leverage is a scapegoat and a favorite boogeyman among rookies. You calculate your position size by first defining how much money you want to risk...often in percentages. Then, you divide your risk by how many pips your risk area is between entry and stop loss. Then, you choose an appropriate lot size to match your predefined risk. The leverage your broker offers is really inconsequential, except that with lower leverage you are forced to deposit more of your money to their account. In the meanwhile, your money is not gaining interest, it is not insured by FDIC, and it is subject to confiscation in the event of a broker collapse (unlikely but possible, most of the time it is recovered). Don't be fooled - high leverage is nice if you know how to use it responsibly. It's only bad if you lack education on correct position sizing.
  • #17
  • May 23, 2017 10:44pm May 23, 2017 10:44pm
There is no one to blame it was all your fault, chances are that you had similar situations in the past but you got lucky back then so you did it again.

If you ever feel like risking your whole account on one trade then you should wait for the ADR to be exhausted before counter trading with a huge lot trade.
Dragon Rider
  • #18
  • May 24, 2017 2:09am May 24, 2017 2:09am
Quoting alawy103
Hi All I just want to share what happen for my account yesterday and it look like someone monitor the margin for the accounts and this only reason keeping me thinking to leave the forex market. the price reach the point that hit my margin and retrace after . Thanks {image}
That pvsra method has blown up traders before. the method is illogical and can only have one ending. The originator of the method used to trade here, but he left after he had enough followers and got into the IB business.
If you are good at something, never do it for free--Joker
  • #19
  • May 24, 2017 2:42am May 24, 2017 2:42am
Quoting alawy103
Hi All I just want to share what happen for my account yesterday and it look like someone monitor the margin for the accounts and this only reason keeping me thinking to leave the forex market. the price reach the point that hit my margin and retrace after . Thanks {image}
Trading the M1 is for losers. Call your broker and ask them if you don't believe me.
You came here for the truth and let me unveil it for you
  • #20
  • May 24, 2017 7:01am May 24, 2017 7:01am
Quoting jmn5611
{quote} That pvsra method has blown up traders before. the method is illogical and can only have one ending. The originator of the method used to trade here, but he left after he had enough followers and got into the IB business.
wow, hard to believe. Crazy as f..k
This is not investment/trading advise. Will not hold accountable for loss
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