I don't know what to do mow. I used to have a hundred thousand naira in my account, now I am left with just some APC Change in my account. (APCites please dont be offended. I am only trying to console myself)

I just lost about Hundred thousand naira to forex trading because of a little but great Android problem, Touch Screen Screen Touch. After making gains of 120 dollas from my capital of 250 + 200 dolla bonus in less than 8 hours, I tossed my phone inside my pocket hopong that I have locked the screen, ( I thought the scren is locked when it is black), only to bring the phone out letter to see that it has traded what I wouldn't have traded. The loss was so great that I had to call my account manager. He advised me to make a deposite if I want to save my account. After performing edging of the account as instructed, I decided to follow the advise and deposited extra 250 dollas to save my account, It was not able to stop the loss. Bot my deposit and my gain of ove 600 dollas was gone just because of this stupid sreen touch lock mistake.

I really feel I know better than those account managers. I made more profits on my own but had to keep enduring the positions they helped me open. I wanted to close the transaction when the loss wasn't wholesome to still have some capital in my account, but they said as expert they are, yhe best os for me to make yhe deposite.

I don't really know how to feel now for loosing one hundred thousand in a out 35 hours of business in forex.

Please some one should say something to me.

Sorry!

dat5starguy:
Sorry!

I wish I could tell myself sorry and walk away.

But thanks.

Take a bottle if beer

goodmorning40:
Take a bottle if beer

not in my life. I will rather take Belgium fish.

barristerMDGs:
not in my life. I will eather take Belgium fish.

nice to hear. Then sorry

I survived the night. Today is a good day for battle. I'm facing it head on.

Oh my brother,i feel ur pain. I recently had a similar xperience,bt mine was'nt that much. Take heart and move on,such is life.

kpele


[color=#006600][/color]

The risk that comes with trading on your phone.


Frawzey

I lost over $700.00

and it was all my fault, open multiple trade against the market hoping it will rebound.

olaeffect:
I lost over $700.00

and it was all my fault, open multiple trade against the market hoping it will rebound.

Losing it is not easy.

Its well.

guess you have learnt your lesson.fx is risky, so one have to prepare for it.use a laptop to trade fx

olaeffect:
I lost over $700.00

and it was all my fault, open multiple trade against the market hoping it will rebound.

multiple trade is bad on one pair against others especially when your analysis is not properly done.discipline yourself and trade less currency

@barristermdgs, history would certainty repeat itself if you continue with your trading style of no stop loss point. another killer is high lot sizing. the combo of the two is a nuke on any trading account. reevaluate your trading system with stops.

fxstory:
multiple trade is bad on one pair against others especially when your analysis is not properly done.discipline yourself and trade less currency

it will take awhile before I trade again. funded my account at N187.00 can't stand to fund again now at about N210.00

I am not trading again anytime soon.

drstainlex:
kpele


[color=#006600][/color]

Seun.

olaeffect:


it will take awhile before I trade again. funded my account at N187.00 can't stand to fund again now at about N210.00

I am not trading again anytime soon.

Hmmm.

I don't know what it is with this my account manager calling me after I have told him I am not ready for deposit.

barristerMDGs:


Hmmm.

I don't know what it is with this my account manager calling me after I have told him I am not ready for deposit.

seems they get paid on commissions of deposits.

Stop loosing in forex if you do not know how to make profit from it . Better copy a professional trader and make profit along with him. its simple. check this links

https://www.mql5.com/en/signals/91051#!tab=history


I started a topic concerning this here on nairaland https://www.nairaland.com/2188877/trading-forex-signal-trades-way

you do not even need to subscribe to internet, just use vps server incorporated into your MT4 trading terminal, read through my posts at the link above.

barristerMDGs:


Hmmm.

I don't know what it is with this my account manager calling me after I have told him I am not ready for deposit.

I tire ooo.

my broker has been calling me too to fund with just $200.00 and work on my experience more.

I told them the economy of my country does not permit me to do that at the moment, the guy was just laughing.

Said he will call me again by month end, na by force?

olaeffect:


I tire ooo.

my broker has been calling me too to fund with just $200.00 and work on my experience more.

I told them the economy of my country does not permit me to do that at the moment, the guy was just laughing.

Said he will call me again by month end, na by force?

We might be in the hands of the same people.

I enjoyed my experience though. While I was atill trading, I was always busy doing Nothing somethng on my phone. Watching your profit is fun. But now, I spend my Idle time looking for something that may interest me and it is boring.

@ barristerMDGs, sorry, losing money is never fun in anyway, no matter how little, it weakens our spirit, just as winning elevates our spirit. Because of the losing aspect in Forex, countless number of people have lost interest in Forex, i started with so many friends, but today i am almost alone,as they have all quitted and i don't blame them an inch.

I have been trading ever since 2008, I have lost so much in Forex both (personal and public funds) and have made almost all the mistakes most of you are making and will make in the future, except you are guided by an experienced and knowledgeable Forex trader.

I now consider myself an expert in Forex trading only, because I have not studied other financial instruments yet. I now understand vividly how currency pairs moves and I am taken full advantage of my discovery and I use it to profit every week, I have never recorded a loss at the end of the week ever since the discovery was made, I am willing to share my knowledge with others

If you are still struggling or you just want a system that have been tested, proven and still been used to actively trade in the FOREX market, all you need do, is send your email address and mobile number to the phone number or email address on my Zulu trading account statement i have attached to this post. Also, on the statement is my Zulu account name, so that you can see more of my records.

WORD OF CAUTION: If for any reason whatsoever you feel you can study the Forex market on your own like i have done, please make sure all your research is done on a demo account, don't ever repeat my mistakes, it hurts deeply. Forget what anyone else tells you, I have been in this game ever since 2008; I have met those same people you are meeting now and was told those same things. Be wise, experience they say is the best teacher, but uses the cruelest teaching method to pass on its lessons.

olaeffect:


it will take awhile before I trade again. funded my account at N187.00 can't stand to fund again now at about N210.00

I am not trading again anytime soon.

dollar exchange rate has really gone up.with your time off, you can take those period to learn further.one leave to fight another day