I just got a margin call from my broker, for the second time! I’m thinking now if it’s really that b

morkel635 said:
Well, in my experience, I have traded with IG, Fxview, CMC Markets and their services seem to be okay. It is very important for me to trade with regulated brokers so I generally go with them.
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Regulated brokers are no doubt important!
 
If I was to get a margin call I would stop trading. I would just take it as a sign of lack of skills on my part and just leave the game.
 
Quitting is never a solution Paul! One should just see it as a signal to make your trading plan, and particularly your risk management plan more fool proof.
 
outhoe said:
Quitting is never a solution Paul! One should just see it as a signal to make your trading plan, and particularly your risk management plan more fool proof.
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I know how demoralizing it can be! When I experienced it I took a sabbatical from trading for a year and started fresh with a new strategy and with new brokers. Thank goodness I am safe with fxview and IG as of now :)
 
morkel635 said:
I know how demoralizing it can be! When I experienced it I took a sabbatical from trading for a year and started fresh with a new strategy and with new brokers. Thank goodness I am safe with fxview and IG as of now :)
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Good going bro!
 
Margin call is a worrisome position but I think there has been some negligence on your part. Don’t mind but I think you did some leverage trades which resulted in this situation. Not a good place to be mate!
 
I think more important is to reconsider your strategy from this point. The brokers which you are using also matters. Use brokers that are flexible and allow hedging. IG, fxview and CMC Markets are three that I have used and I know are good with different strategies.
 
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