I am really disheartened by the amount that swaps eat up on my funds.
When I was lured into trading I knew nothing about it and a great story was presented and sold to me about the potential of making extra money through a small investment… the agent went so far to also say that they had their app integrated with AI to generate profit for the account even when I didn’t take any actions…
Now I am almost 6 months into trading still new and honestly lost… I literally thought and was silly enough to assume that $250 could fetch me $1000.
I’ve put it more than $6000 with only $1000 returns which is absolutely insane.
I wasn’t even aware that this platform required you to open and close positions daily to avoid swaps,. No one told me until 1 month ago when something crazy happened.
Also; my agent was sweet and honest enough to admit that he took his secretary out for lunch and all my positions closed at stop out… & That was the FIRST time I even knew what stop out means!!!
I am now regretting for not closing my account at that time… I could have cut my losses when I had only invested $1000-$2000 and not $7000.
I am really confused right now whether to close everything down or keep allowing these open positions with negative profit to keep eating up on my funds.
I did not get much help or direction from the platform to be honest.
Also, I may sound silly cos I admit that I’m
Completely new to this trading , do trading platforms benefit from the swaps?
Also, they seem to be happy with me opening more and more positions but the initiative to encourage closing a position is just not there…
I am sincerely keen on knowing how all This works !!
I need some solid advice to find my way out…
I wanted to recover all I’ve lost but at what cost?
How long do I keep these positions open and keep allowing swaps to eat up on my funds?
I’ve exhausted all my savings and I’m kinda stuck now.
37 posts - 8 participants
Read full topic
When I was lured into trading I knew nothing about it and a great story was presented and sold to me about the potential of making extra money through a small investment… the agent went so far to also say that they had their app integrated with AI to generate profit for the account even when I didn’t take any actions…
Now I am almost 6 months into trading still new and honestly lost… I literally thought and was silly enough to assume that $250 could fetch me $1000.
I’ve put it more than $6000 with only $1000 returns which is absolutely insane.
I wasn’t even aware that this platform required you to open and close positions daily to avoid swaps,. No one told me until 1 month ago when something crazy happened.
Also; my agent was sweet and honest enough to admit that he took his secretary out for lunch and all my positions closed at stop out… & That was the FIRST time I even knew what stop out means!!!
I am now regretting for not closing my account at that time… I could have cut my losses when I had only invested $1000-$2000 and not $7000.
I am really confused right now whether to close everything down or keep allowing these open positions with negative profit to keep eating up on my funds.
I did not get much help or direction from the platform to be honest.
Also, I may sound silly cos I admit that I’m
Completely new to this trading , do trading platforms benefit from the swaps?
Also, they seem to be happy with me opening more and more positions but the initiative to encourage closing a position is just not there…
I am sincerely keen on knowing how all This works !!
I need some solid advice to find my way out…
I wanted to recover all I’ve lost but at what cost?
How long do I keep these positions open and keep allowing swaps to eat up on my funds?
I’ve exhausted all my savings and I’m kinda stuck now.
37 posts - 8 participants
Read full topic