My biggest loss is $ 200 on a single trade, which cost me all of my account, but I do not regret it, because I have learned that you should never let our open position without SL

Originally posted by FXlord

My biggest loss is $ 200 on a single trade, which cost me all of my account, but I do not regret it, because I have learned that you should never let our open position without SL

Very true. Not using an SL is big mistake and it can cost u ur trading account. I have seen some traders not using SL but it is when you have stable pc + internet connection and you have access to alternative solution incase of failure of ur current setup. Moreover SL is a must for beginners to intermediate level traders.

Originally posted by uniquetrader

 

Originally posted by FXlord

 

My biggest loss is $ 200 on a single trade, which cost me all of my account, but I do not regret it, because I have learned that you should never let our open position without SL

 

 

Very true. Not using an SL is big mistake and it can cost u ur trading account. I have seen some traders not using SL but it is when you have stable pc + internet connection and you have access to alternative solution incase of failure of ur current setup. Moreover SL is a must for beginners to intermediate level traders.

 

It is true that most of the times all the big or huge losses take place because of not using proper money management and not using stop loss to all the trades. Even if the lot size is slow and bank intervention is there a trader can loose huge amount with same as well.

My biggest loss was exactly 2k370$ with 2 Trades!

I got a margin call after 5-10min. Lol

A spike kicked my position out going 120pips up and 135pips in my way if my 2 Trades wouldn't have been knocked out !

I was trading on a demo account just a few days ago...$10,000 start which went up to $11,400 very quickly in just a few days of trading, watched though as the market annihalated me and i saw my equity position at $5000, but I left all positions open. Miraculously in the same day the market turned back and i was break-even again at $11,400 if not better due to some big lot rescue positions opened hehehe (with big lot sizes). I thought i would have to wait days/weeks before i could recover. All part of the learning process though

For me i suffered a loss of 500$ in just one day because i placed the order with big lot size in gold and gold is the most dangerous pair and by mistakely i took big risk and suffered loss and now i trade with small lot size.

Originally posted by Fx18

For me i suffered a loss of 500$ in just one day because i placed the order with big lot size in gold and gold is the most dangerous pair and by mistakely i took big risk and suffered loss and now i trade with small lot size.

Wow. What was ur capital investment? I hope it wasnt all u got 

Bw why u didnt use SL or closed the trade manually to limit ur loss. Or were u hopping for a reversal?

my biggest loss is 400$ at one time because at that time i had taken such a high risk and it was my biggest risk of my life in this field but now i am trading with low risk and making good profit.

Originally posted by Fx18

For me i suffered a loss of 500$ in just one day because i placed the order with big lot size in gold and gold is the most dangerous pair and by mistakely i took big risk and suffered loss and now i trade with small lot size.

Originally posted by Fx18

my biggest loss is 400$ at one time because at that time i had taken such a high risk and it was my biggest risk of my life in this field but now i am trading with low risk and making good profit.

Is it $400 or $500. I think u r confused. U made a post about 500 first. Now ur post says $400. 

The biggest lose of money in my trading experience is only 3$. Because i know that what is the best time for forex trading. i am trading since this year and i am never lose such a big money!