Eric Alyea
Master Sergeant
- Messages
- 363
Hey newbie’s
Something just happened!!!
EUR/USD!!!!!!
For “YEARS” I used to respond to new members and say....
“READ the Daily Report’s”, Even if you don’t understand it.... practice READING IT”
It will sink in some how.
NOW more than ever, it is a time for “FUNDAMENTAL’s” vs “technical’s”
You will get a margin call...
It is listed as a joke but it isn't. (I think it is my most worth while post)
https://www.forexpeacearmy.com/forex-forum/mess-hall/2342-jokes-4.html#post33750
Quote:
Originally Posted by Pharaoh
Short form:
You don't have enough money left in your account, so the forex broker automatically closes some or all of your positions.
Long version:
When using leveraged investments, one often trades more money than is in the account. Originally, a margin call was a phone call from a broker notifying a trader that more money needed to be deposited when price moved too far against a trader's position and the equity in the account became too small to sustain the minimum margin requirements to maintain open positions.
Most forex brokers don't place this sort of phone call. When a forex account has too little equity to keep all the trades open, the broker usually automatically closes some or all of the open trades in the account.
before you wake up..... your money is GONE
Both the account leverage and the minimum margin requirements can affect when a margin call will happen.
Traders who exercise proper risk management can still lose money, but will rarely need to worry about margin calls.
If you don’t know this pair STOP using it. (unless you know how to work a "short")
Read, Research, and OWN (the responsibility of your action’s) what you do in trading.
https://www.forexpeacearmy.com/fore...hat-fun-roller-coaster-today-3.html#post35332
Something just happened!!!
EUR/USD!!!!!!
For “YEARS” I used to respond to new members and say....
“READ the Daily Report’s”, Even if you don’t understand it.... practice READING IT”
It will sink in some how.
NOW more than ever, it is a time for “FUNDAMENTAL’s” vs “technical’s”
You will get a margin call...
It is listed as a joke but it isn't. (I think it is my most worth while post)
https://www.forexpeacearmy.com/forex-forum/mess-hall/2342-jokes-4.html#post33750
Quote:
Originally Posted by Pharaoh
Short form:
You don't have enough money left in your account, so the forex broker automatically closes some or all of your positions.
Long version:
When using leveraged investments, one often trades more money than is in the account. Originally, a margin call was a phone call from a broker notifying a trader that more money needed to be deposited when price moved too far against a trader's position and the equity in the account became too small to sustain the minimum margin requirements to maintain open positions.
Most forex brokers don't place this sort of phone call. When a forex account has too little equity to keep all the trades open, the broker usually automatically closes some or all of the open trades in the account.
before you wake up..... your money is GONE
Both the account leverage and the minimum margin requirements can affect when a margin call will happen.
Traders who exercise proper risk management can still lose money, but will rarely need to worry about margin calls.
If you don’t know this pair STOP using it. (unless you know how to work a "short")
Read, Research, and OWN (the responsibility of your action’s) what you do in trading.
https://www.forexpeacearmy.com/fore...hat-fun-roller-coaster-today-3.html#post35332
Last edited: