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    Thread: My neighbor ended his life after a huge trading loss

    1. #181
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      It is so sad to hear this. I wonder whether he spoke to his loving family and friends about the enormous loss. That is forex is all about. It is all about accepting losses, recovering and moving forward. It is advised that you should only trade with the amount of fund you can afford to lose. Failure to heed this wise advice can bring about serious consequences. I think we should all learn from this.

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    3. #182
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      Wow what a tragedy. May his soul rest in perfect peace. But how did it happen. Was he not practising money management. Or did he not have the knowledge and experience of forex. Oh GOD! this is huge. That's the point, the reason why "money management' is very important. Because the reason why his trade ended in a huge loss is as a result of him not practising "money management". I don't know how big the loss is, but for him to kill himself, the money must be really huge. God bless is soul.

    4. #183
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      wow that is sad story to hear but yeah it can happen forex is a high risk business and it can easily make you lose all your money in a very short time and because of this demo account is there for new trader to be used for learning purpose and also minimizing the loss while still n learning steps

    5. #184
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      Default My neighbor ended his life after a huge trading loss

      It is a bad thing to hear that a particular trader died as a result of losing trades,you can now see why forex is meant for mature minds and not people that their emotion control.I do not know why a trader that has a better future plan and goals will allow himself to die like that.

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      This news is really tragic. Unfortunately many people are led to believe that forex trading is an easy way to get rich overnight. This sad story is a good example of what happens when new traders fail to learn one of the fundamental rules of forex trading - never risk money you can't afford to lose.

    7. #186
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      Yo need to confirm if the fellow neighbors is not suffering from any other mental profile, because I there is no Man in his/her right mind that will commit divide jut like that. Bub for the market not to affect our emotions we need to trade with money we can afford to loose.

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      How can someone sell everything that he has to invest in a business where they are not in possession of a good Forex knowledge, Such is a bad idea and happening. Huge losses can be avoided by using very low risk and by allowing a trader to protect his Forex accounts very well.

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      That is so, so horrible. One should never, ever invest money in forex they cannot afford to lose, let alone risk the roof of their heads. I am so sorry this happened to your neighbour and I am so sorry that it led to such a horrible outcome. That poor man. His poor family.

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      That is one reason why we should need a mentor to help newbies to navigate the forex business. Someone who can guide us not to to be debt ridden because we stupidly invest all in forex trading while our skill is still not yet in excellent level. If we lose a little bit of money in trading, it's not a reason to do suicide.
      No Guts No Glory!


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      Quote Originally Posted by hafizgm View Post
      Yesterday i had came to know that one of my neighbor trader suicide because he had invested 100000$ after selling his whole property and then a loss occur to him and his account finished.I request you that always invest your extra money that you can afford to loose.Good Luck
      Hmm sad to here about it. Every thing can happen because Forex is totally uncertain, so we should not invest such a big amount when we don't have enough experience and skills.

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