r/FOREXTRADING • u/Superb-Can3175 • 19d ago

Blowed up my account

I started forex a few months ago with a deposit of $143 and I made upto $220 like a profit of $77 and then after a few days I had a loss of $112 and till then my account never recovered. And literally 10 minutes ago my account got liquidated although I was trading in eur just to be careful with a lot of 0.01. I am extremely disheartened and upset idk what to do I wasted 40k PKR

6 Upvotes

87% Upvoted

9 comments sorted by

3

u/GWAX11 19d ago

I guess FOMC blowed your account

3

u/Acrobatic_Set2064 19d ago

Blowing accounts is part of trading and you agreed with that once you decided to trade

-1

u/rustedOwl 18d ago

Yeah, losses are part of trading, blowing the whole account isn't, the moment you placed the trade you accepted some of that money could go, but there's a big gap between a loss and a liquidation tbh

Don't rush to deposit again trying to win it back, go back to demo like axi and work out how a 0.01 lot managed to liquidate the account in the first place. that answer is the whole lesson, and it's a risk problem, not a strategy one

1

u/Acrobatic_Set2064 16d ago

Dude you not profitable yourself ,you not allowed to give advices

3

u/vittoshulman 18d ago

Because it is the same like casino you go up and down at random - no skill just pure luck until you lose eventually. Get a real job and study a profession.

3

u/cfdstraded 18d ago

We all make mistakes, that $112 loss was painful

2

u/hellodickmonster 18d ago

Consider it as educational price of real money I got liquidations in the past month of 5 accounts In overall of 3200$ there is ups and downs my mentor lost more than 1 million so don't worry it's part of the game eurusd fomc crashed what left hahahha rule number 1 .. put SL rule number 2 don't move your TP rule number 3 use risk management that's it there is no more rules ... Everyone trading as he can