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Biggest One-Time Forex Loss

January 16, 2012 by

Taking losses in an imminent part of Forex trading process. Some traders seek the no-loss strategies (including omitting the stop-loss), but such attempts are rarely successful. On the other hand, any loss can be a serious hit in the emotional state of a currency trader, while some losses may also be lethal to the trader’s account balance. Personally, I aim to limit my losses with very small amounts, but occasionally I open long-term trades with open target and loss allowance. Such trades may end up with unexpectedly high loss. As of now, my biggest one-trade loss is $372.76 closed in October 2011. It’s also not a pure Forex trade because I’ve made it in Platinum, but I count it as it was on my Forex account. And how about you?

What's your biggest one-time loss in Forex?

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If you have any questions or want to some details on your biggest losing trade in Forex market, please feel free to post them using the form below.

2 Responses to “Biggest One-Time Forex Loss”

  1. Amr Boghdady

    Just lost a bit over $500 yesterday. The 2 days before I had earned $712, and decided to get greedy, which seems to never work with me :S

    Reply

    admin Reply:

    Getting greedy rarely works for anyone at all ;-).

    Reply

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