So this was probably my first and last ever FOREX deposit

Discussion in 'Forex' started by Algo_Design_Kid, Jan 7, 2010.

  1. Sorry, let my emotions get the best of me. Being discretionary in a highly leveraged position was tougher to handle mentally than I anticipated.
     
    #11     Jan 10, 2010
  2. ScapGF

    ScapGF

    Unfortunately you have yourself to blame for not doing your homework on 3 fronts...

    1. No stop
    2. Unaware of economic calendar
    3. Unaware of how big moves can be following news.

    Also, it didn't move 65 CENTS.

    Just be glad that you didn't have more money at risk. Trading a demo account would be of huge benefit so that you can acclimate to the price action without having to risk real $$$.

    Just scale it back and try to proceed with extreme caution!!

    Best of luck.
     
    #12     Jan 10, 2010
  3. Yep totally my fault, now I have that calender on lockdown if/when I start back up. Lesson learned.

    And it did move .65 infact
     
    #13     Jan 10, 2010
  4. ScapGF

    ScapGF

    Correct, was distracted when posting and thinking of other pairs.

    Also, look at today's open. Big moves. Not much news. So it can happen at ANY time!

    Stops are your friend:)
     
    #14     Jan 10, 2010


  5. I think you mean 65 pips....
     
    #15     Jan 10, 2010