Money Management, Please help. - Page 3
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Thread: Money Management, Please help.

  1. #21
    Quote Originally Posted by ;
    quote False.. Not knowing how to exchange its what blows off an account
    False... Both can blow off an account.

  2. #22
    Quote Originally Posted by ;
    quote False... Both can blow off an account.
    Anything could blow off an account, trading is pretty much gambling since we could never ever predict where the price will go.

    You can understand how to exchange, have the perfect risk management but something might still go wrong in the end regardless.

    The 2015 flash accident ruined retail accountsfor the profitable traders. You cant predict when the next flash accident will happen can you? It had been so bad that some brokers went bankrupt. The price movement was so quick that stop losses weren't triggered, or were stuffed at ridiculous prices that exceeded the sum held in certain accounts.

    The point is, anything could happen anytime. There is nothing we could do about it other than to stop trading.

    Simply to add, not understanding how to exchange can raise the risk of blowing up a account. The risk of blowing up a account is already there (even by simply having cash in a FX account can be risky), but not understanding how to exchange can increase the likely hood of this account being dismissed.

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