Quote:
Originally posted by majed
Hi to all of you,
I am new in forex, just 2 months, I have now a mini account, I am in the following situation:
My Balance is $9700, equity 417, Used Mr 350, UsblMar 66.5 Int -14, Net$ P/L -568,
A summary of my all account positions:
cur lot S/B Open CLose p/l Int Net$P/l
USD/CHF 1 S 1.3395 1.3636 -243 -1 -179.5
USD/CHF 1 B 1.3486 1.3631 147 -1 106
EUR/USDR 2 S 1.1546 1.1446 200 -2 198
EUR/USDR 6 B 1.1620 1.1442 -1074 -6 -1074
EUR/USDR 4 S 1.1542 1.1446 484 -4 384
The prices are changing so its not 100% accurate,
I need your help and experience, how can I get out of this bad situation with minimum losses (I hope I can get profit or get even but I think its far a way), remember that UsblMar is only $66.5, and daily Int is $-14,
One option is to deposit $250 for example, but is it this O.k, or should I wait, please advice.
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this is though situation. Very good example why one should cut his losses short !
IMO you will be wiped out before the market returns your way.
1. cut your loss on usd/chf right away, usd is on upside rally, and chf still falling fast.
2 I guess you are hoping for a rebound on eurusd, I would not count on it. My advice cut the big loss right away. But perhaps this will wipe you out?? dont know..*edit* yes your leverage seem to be high, all your positions will probably be closed if you do this.
3 I would not add funds and keep the big loser (eurusd) open You can hope for a little rebound, but I cannot se any signs the market is about to turn.. so close it SOON. Small rebound is possible, but IMO not a big one.
4 You will probably not be able to "trade out of this" so you should be prepared to take big loss
Facing the fact is better than waiting more.
I am running off to work so I do not have enough time to help, GET more opinions!!
Just my $.02
really hope you will survive pal.
