Blew 7 accounts in 6 months in my early days trading forex each with approx. So before you curse the forex gods and ruin your karma forever lemme share with you four steps that will help you get back on the right track.
How To Recover From A Blown Forex Account Daily Price Action
You will go through a phase where blowing forex account is something you need to deal with at the start.
Forex account blown. In this post i ! share a 3 step process to recover and get back on track. Most forex traders blow at least one account in their first two years of trading. The first positive step towards recovery is accepting that you blew up an account.
Having a blown trading account is a normal part of your trading career. I eventually walked to work and yes i blew up the account. 500 1k deposit funds in it.
Also lost a fresh funded accounts in like 2 hours once. So many in fact that i was not able to pay my fuel for my car to get to work because i had put all my money into an account because i had expected after blowing up the last account i would recover. Some traders allow the negativity to sink in causing them to believe that they will never be good enough to be consistently profitable.
I have blown up my forex account many times. Brandon boyd discusses what exactly happens when you refuse to use your head when trading. Successful trad! ers push through and understand that there are risks involved ! in trading.
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