Tuesday, May 8, 2012
My 1st FX Trade...Slaughtered
I recently just entered the FX (forex) market yesterday after studying it for the last couple months and got slaughtered on my 1st trade making a rookie mistake by not installing one plug in to enable the software to close trades.
Long story short, I had 16 trades open and could not close any of them, resulting in me loosing a couple hundred dollars in under 14 minutes of 'trading'
I had to call NYC from South Korea to freeze my account until the plug in was installed.
I found out that the trades would have been profitable, IF it was installed properly (which is a good sign :)
I am just greatful that I stopped it when I did or it would have drained my entire account.
All I could do is laugh, yet another life learning lesson and I will be back at it again tomorrow....