Stop trading for a while and backtest your strategy. If everything goes well then you should go back to trading. There is no harm to reconcile your efforts you are putting in for your trades.
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I just got a margin call from my broker, for the second time! I’m thinking now if it’s really that b
- Thread starter Saivarshinee
- Start date
I know it can be very disheartening to get a margin call from the broker but still you have to keep your head high and rework on your trades.
Which platform are you using? Asking so because I’m using MT4 with fxview and it notifies me much before the actual margin call takes place.
Not really. Not all platforms issue a notification, but we traders can still view the free margin. Most of us simply ignore it, or are unaware and end up realizing this after the position is abruptly closed. All this while blaming the brokers for messing around.Which platform are you using? Asking so because I’m using MT4 with fxview and it notifies me much before the actual margin call takes place.
Got bummed when I read that many brokers place higher margins during the weekend. Is this true?
Well partially true buddy. Check out with your broker regarding his margin policies and requirements and simply adjust your money and risk management accordingly. Not rocket-science hereGot bummed when I read that many brokers place higher margins during the weekend. Is this true?
I’m no programmer, just a plain trader. Is backtesting a possibility for me?Stop trading for a while and backtest your strategy. If everything goes well then you should go back to trading. There is no harm to reconcile your efforts you are putting in for your trades.
You really don’t need to be a programmer for backtesting. How many traders do you think actually know coding? All you need to do is hide the future data on the chart and go through it bar by bar. Simply trade the market as though it’s live.I’m no programmer, just a plain trader. Is backtesting a possibility for me?
Looking for a simple strategy here? Try a free charting platform like MT4. I’m sure licensed brokers like mine - Fxview, IB, and oanda, make this easy. All you have to do is mark the entry, stop loss, profit target, and finally record the results of your trade.I’m no programmer, just a plain trader. Is backtesting a possibility for me?