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How I Lost $17,800.50 Within 5 Seconds of Trading Forex

Lessons from a costly mistake

Emeka Nwanedo
6 min readAug 23, 2021
Photo by Executium on Unsplash

The 6th day of March 2020 was a remarkable day — a day I won’t forget too soon.

It wasn’t the first time I got laid. It wasn’t my 18th birthday. It sure wasn’t the day I graduated from College. And no, it wasn’t the day I got my first car.

It was the day the least expected thing happened to me.

How could I be so unlucky?

My heart skipped 5 beats (literally) after I lost almost $20,000.00 in less than 5 seconds of active forex trading.

Recounting this story today still leaves me utterly amazed.

This is the kind of mistake you’d certainly want to learn from another man’s story…

Not yours.

Things weren’t supposed to turn out this way

I got introduced to the world of trading currencies when I started my finance career in the treasury department of a bank.

I liked the idea that you could make quick profits simply by opening a position (buying or selling one currency against another).

How smooth!

And then expectedly, I had a goal.

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Emeka Nwanedo
Emeka Nwanedo

Written by Emeka Nwanedo

2X Top Writer and a Published Researcher. I'm in love with lifelong learning. Let's get smarter everyday

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