hay, friend, I want to ask, the biggest or dominant cause of what is a friend's los or margin call?
Hi..
Margin calls occur due to lack of discipline, poor financial planning.
Let me share some tips that can be useful so that you will not margin call again. Because after I use these tips, margin call feels very difficult and is an unnatural thing.
Here is the tip.
1. Use maximum leverage of 1:50.This will force you not to open too many positions with large lots
2. Limit losses every day.Limit your losses every day. For example, if you set your loss limit by 2% of your total capital. If on that day your trading is unlucky, finish your trading activity and continue the next day.
3. Always focus on your trading plan.Analyze as best you can, before you decide to enter the market. After that, never read the analysis of others who discuss the pair that is the same as your position. Because this can affect your trading psychology.
4. Set and ForgetAfter you enter, avoid looking at the chart as often as possible. This is very bad for you. Without realizing it, you will sabotage yourself to do things outside of your trading plan.