The Same Mistake

Saturday, January 24, 2009

Sadly, I've repeat the same mistake again. As the consequence, my account run out of money. So far, I've lost approximately $100 in FxOpen micro account alone. Not to mention my standard account with FxOpen, Marketiva, and Instaforex. The mistake is that I always jump into the trade to trade the trend when the trend is about to over. Stop lost, I never work it out. Leverage and trading volume is too high that a few movement to the opposite direction can easily kill the trade. We call this "margin call", a deadly alarm in forex trading industry. I'll start a new trade session without repeating the same mistake again, I mean it; trying my best.

0 comments: