Blowing my account several times

[wes123]

Hi I have blown my account several times my problem is that I open many positions and I cannot calculate the risk management properly can someone please help.

 

[Chris da funk]

Hi I have blown my account several times my problem is that I open many positions and I cannot calculate the risk management properly can someone please help.

I have had the same problem, the psychology is very important, the market does not owe you anything, so do not have greed and think that you will make quick money. Do not open multiple trades and use small lot sizes and slowly grow your account. Patience is key my friend

 

[Confi]

don't be greed. and always try to limit your lot size by calculating stop-loss distance.

 

[Robert Hills]

The most important thing in the forex market is to maintain discipline. If you do not maintain discipline, you will not be able to meet the targets in trading. If you don't have proper knowledge about trading, it is not possible to be successful by trading. There may be losses in trading but the trader who can cover the loss through risk rewards can survive in trading.