Don't Blame Me! Margin Call Gets Real About Traders' Bad Habits

In the trading world, who hasn't heard of "Margin Call"? It's a legendary name in the forex market, still echoing today. "Margin Call" remains a prominent figure, even though its true nature remains a mystery.

We were fortunate enough to contact "Margin Call" and conduct a brief interview with this forex market legend, delving into some of their experiences in the forex trading industry.

1. Thank you for taking the time to chat with us. Could you tell us more about yourself? For example, are you a trader or a broker? And how long have you been involved in the Forex Market?

I'm really nobody special. I'm not a trader, let alone a broker. I've never traded nor interfered with traders in their trades.

I've been in the forex market for a very long time, ever since margin trading was introduced and adopted in modern forex trading a few decades ago. I persist because margin trading is still used today. I don't know if I'll stick around forever or if I'll disappear in the future.

Even though I'm not a trader, I've basically interacted with most forex traders. Many of them have an intense relationship with me, while a small portion may have only interacted with me a few times. But at the very least, most traders have interacted with me at least once throughout their forex trading careers.

2. If you're not a trader, then what's your role in forex trading?

My role is to remind traders that their funds are insufficient to maintain their open positions. If traders ignore my warnings, they'll likely experience a stop out, where their trades are forcibly closed due to insufficient margin.

Generally, when a stop out occurs, most of the trader's money is gone. And they won't be able to trade again until they replenish their trading account.

3. I've heard that many traders fail because of you. Is that true?

That's really not me. Generally, traders fail because of their own actions. First, they prefer to gamble rather than trade. They tend to crave adrenaline more than seeking certainty. They also prefer to trade as often as possible instead of waiting for the right moment.

Second, they have different approaches for each trade they make. They don't hesitate to abandon proven profitable strategies and choose to experiment with new strategies they're unfamiliar with. They don't even know if those strategies are profitable or not. I'm sometimes confused myself; they say they want to generate consistent profits, but when they trade, they never consistently implement their strategies.

Third, it seems they do want to make profits. But from their actions, they seem more focused on looking cool than actually making profits. Imagine, they compete to show off that they can enter at the peak price, risk their entire margin, and not use a stop loss, just so others will validate them as being great at market analysis.

Even without any intervention from me, or even from other entities like brokers, market makers, and the like, those traders are bound to fail on their own. If later on they blame others for their failures, well, I'm speechless. Because that means they haven't learned anything from their failures. And in the future, they'll definitely repeat the same mistakes and experience failure again.

4. If your role is just to remind, and you don't interfere with traders' failures, then why are many traders afraid of you?

Even though my role is just to remind, the warnings I give are final stage warnings that can have a significant impact on traders. At a minimum, traders will be forced to close their trades. At worst, traders lose all their money in their trading accounts because their trades incur too much loss.

So, even though I'm not the one causing them to fail, I'm the one giving them the ultimate warning when their trading account margin is in a critical condition. Therefore, I'm associated with failure in forex trading, even though the cause of the failure itself isn't me, but the traders themselves.

5. Lastly, do you have any messages you'd like to convey to traders? Or perhaps you'd like to give tips to traders who still frequently fail?

Hello, traders. If you're seeing this, remember that I'll only come to you when your losses are too great, eroding most of your trading margin and making it insufficient to maintain your open positions. If you don't want to get warnings from me, please start limiting your risk. Don't focus on making big profits but forget about the potential losses that could befall you.

Honestly, I'm also tired of warning you repeatedly. And ideally, you should be tired of falling into the same hole over and over again. Therefore, instead of scapegoating others for your failures, it would be better if you start evaluating your trading methods. Try to find what's wrong and fix it. Perhaps, after you do that, you won't fail again like before. And hopefully, after that, we'll never have to interact again.

6. Thank you, Mr. "Margin Call," for your willingness to take the time and participate in this interview with us amidst your undoubtedly busy schedule. As you mentioned earlier, hopefully, traders will no longer receive warnings from you, so we won't have to do interviews like this again in the future.

I also thank you for having this extensive conversation with me. Well, hopefully, traders will listen to what I said earlier.

So, that was our interview session with "Margin Call." Even though "Margin Call" often carries a negative connotation for traders, this time "Margin Call" actually provided positive input that hopefully will help traders grow and improve in the future.

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