We’ve been seeing a few forum questions from newbies who blew up their very first forex trading accounts so We’ve decided to share an entry on how to recover from this.
Instead of crying in the corner, keep in mind that blowing up an account is a lot more common than you think.
You’ve probably heard of the saying that 90% of traders fail in their first year. Now, We don’t know how accurate that is, but sad to say, We’re inclined to believe that it’s true. I myself have blown up a fair share of accounts, committing all the mortal trading sins in the process.
Lack of discipline, cowboy trading, not following the game plan, revenge trading… These are all common reasons as to how traders end up seeing the dreaded margin call. The bright side is that even some of the best traders have hit rock bottom and come back to become consistently profitable traders.
Believe us, it is possible.
So before you curse the forex gods and ruin your karma forever, lemme share with you the steps that will help you get back on the right track.
What are you waiting for…. Let’s call or text us via Whatsapp!!