If you like trading freely, keep the margin call at bay. I find money management a good way of organising. I don’t know how everyone else does it.
Agree. The same works with futures spreads. Those trades that have seasonality corresponding with an actual trend are the best trades. Trying to go against the trend (pick turns) usually cost me money
I had a somewhat similar question in the beginning and I was pretty much warned by some seasoned traders on forex media. I’m glad I took their advice! Although I believe the profits I’m seeing on all my trading accounts (ig, fxview, pepperstone) is a result of playing with margin, I always did my best to steer clear of 0 balance.
Margin calls shouldn't be feared, but you shouldn't be waiting for one to give you a sign about your risk.
Actually I don’t get how traders can get to a point where they are not aware where their account is headed. I am just stunned!
Margin reqs move around. a margin call isn’t necessarily a bad thing. It could mean you’ve lost a lot of money. It could also mean your book has changed or your brokers tolerance for risk has changed.
I know, that would be ideal right?! But I think I have had a more careless attitude in the past for which I obviously paid the price. Now I’m making up for it by being extra cautious and constantly being alert.
I hold kinda similar view. If one is not ready mentally, physically, financially to trade, they simply shouldn’t. It’s no point dragging on and losing what you even started with.