Humble beginnings

I’ve just blown 275$ from two accounts in just two consecutive days :pensive:, however I knew I had to learn first and then slowly begin to implement the knowledge, how I’m feeling right now​:unamused:, is despicable :pensive:…humble beginnings :pensive:

The reality has sunk in - now you painfully understand why over 75% of newbies blow their accounts. Pick yourself up - It’s a great learning experience that now puts you ahead of the herd.

So what have you learnt from your losses? What mistakes have you made? Overtrading, revenge trading, and gambling? Loss of control - no discipline or patience - fear of missing out ?

The list is long.

The secret is to preserve your limited capital at all costs. Keep risk to a minimum at 1% per trade, and never exceed a daily limit of 5% active trades.

FX trading is a slow and steady way to prosperity, never ever a get rich quick vehicle promoted by social media sirens. If that doesn’t suit you, gamble your money at a casino instead.

That’s correct,
Firstly I ended up blowing the 2nd one because of emotionally trading, and then from there, I kept on loosing until I was on a breakdown point…

, one thing that might have been the reason for me to blow my accounts, was that
In as much as I was able to spot the positions,

however I had less knowledge or information as to how long should I keep my position and how much of lot sizes should I use and In overall how to set a proper stop loss.

And ending up risking almost the whole capital.
In as much as the brokers would be against us but I suppose the proper knowledge and understanding of the market is the basic factor which inspires all trades that are placed throughout the trading days.

Education in this case should have been the Key factor to consider in the first place…

But lesson learned :slightly_smiling_face:

Hello and welcome to the community.

Hello. I hope you can make a good trading career in this market.