Thread: How many real accounts have you blown before consistently making money in FX?

Originally Posted by ;

I myself have blow up 3 real account before beginning to do well in forex market. . It is extremely painful..but currently I am doing fine. .

The worst one is that my usd1000 mini account blow in two trading days for trading gbp/jpy.

The key causes of this....are poor money management, and psycology

How about you guys...I just curiuos to understand. .

Can you consistantly making money from the beginning of launching account? How many accoount have you ever dismissed if any?

Or tell us your expertise before consistantly profitable. .

's history:
1. Started trading: early 1990s
2. Blown number of demo accounts - innumerable
3. Demo money blown - a few million dollars
4. Started live trading: 3 years back
5. Blown number of real accounts: 10 (ten)
6. Real money blown: $70,000

7. Demo traded pair for over 10 years: USD/JPY
8. Real traded pair: EUR/USD occasionally a few more
9. Pair will NEVER trade again in my entire life: All pair of JPY

10. Major reason of accounts: Brokers' trap/tricks (this is no joke)
11. Other reason of accounts: Lack of market knowledge and the way that price moves.
12. A few other motives of accounts: Lack of money management/fear/greed/impatience

13. Consistently profitable since: No such thing exists or may exist.
However, make over that I lose on yearly basis.