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How to Bounce Back From Forex Losses



How to Bounce Back From Forex Losses

Even if you have not been trading for long enough, you are probably already aware of the fact that one of the most important steps to achieving forex success is maximizing profits while minimizing losses as much as possible. Even (or especially) if you are a forex veteran, you have probably experienced your fair share of losses.

However, launching successful forex trades is one thing, but recovering from a nasty streak of losses is an entirely different animal, as the latter requires a different mentality and set of skills. Luckily for everybody involved, we have comprised a list of actionable advice that will help you recover your mojo. Here is how to bounce back from forex losses.

On the Dreaded Day

If you happen to be on the verge of a huge losing trade and you are looking for ways to save the situation, you should get out before things get worse. Even if you do have a slight chance of recovering, it is not worth pursuing if you risk losing your finances.

Every trades has a bad day from time to time – there is no way around it. The general rule of thumb is to not let a bad day dwindle you’re the profits you would make on a normal day. For example, if your average winning day ends with a $700 net profit, do not waste $800 trying to get out of the bad trade – the better approach is to focus solely on damage control.

Admittedly, a big loss can cause a storm of inner emotions, from anger, confusion, frustration, fear and self-hate – this is totally natural and no trader with experience will blame yours for it. But your focus should be getting past these feelings as soon as possible and start the next trade with a clear head, with no leftover negative feelings. In this way, your next trades will surely be more profitable.

Understand the Nature of Your Loss

Now that you have (hopefully) prevented any further damages, it is time to figure out the nature of your loss (or losses) in the market. There are two main types of losses:

  • Emotional losses. The name is pretty suggestive – these are losses triggered by being overly-emotional, and it includes losses caused by over-trading (spreading your finances too thin in the hopes of hitting too many birds with one stone) or over-confidence in your skills.
  • A normal loss. This is caused mainly by statistical issues related to your trading strategy. More specifically, it is caused by a methodological or strategical failure. There is also the fact even if you are trading responsibly and consistently, a certain percentage of your trades will end up in failure. No strategy is 100 % guaranteed to work, so you should not stress on this too much.

Accept Responsibility

Once the dust has settled and you know the damage, it is time to take a step back and asses the situation. Regardless if the loss was small or big, isolated or part of a long stretch of failures, this process is important to go through if you want to learn from your mistakes.

If the situation is the worst possible – outright financial ruin – there is nothing much you can do other than taking a break from trading and returning once your finances are ensured. Do not dip into your savings or take debt to restart your forex career, as this will create enormous pressure that will certainly lead to you making worse and worse decision, creating a vicious circle that is very hard to escape.

Once you have done that, it is time to advance to the next step, more specifically, accepting responsibility. While the temptation to blame the loss on nefarious market schemes and fluctuations may be too hard to resist even for the most seasoned forex veterans, on the long-term, it will cause only bitterness and even lead to overconfidence.

So, accept responsibility and try to figure out what went wrong and what you could have done differently. This will not only reduce the chances of this scenario occurring again, but it is also a healthier process than sucking up the loss and bottling up negative emotions directed at the market and other traders.

Go Back to the Demo

Before cringing at this suggestion, hear us out first – going back to a demo account might not be the biggest of ego boosters, but there is no shame in going back to square one and practicing until you get back into your rhythm. Nobody is saying that you should act like you have no prior experience – because you have tons of it, but it has not worked out for one reason or another. So, the best approach is to go back to a demo account with professional trading terms and good services.

The one thing you have to remember is that the market will always give you the occasional kick in the head, no matter how experienced you are. Even the pros are not protected from this happening. However, the difference between a pro and a rookie that goes through a streak of losses is that the veteran knows that they have to build back their confidence and hone their skills before making a full return to the market.

Focus on What Made you Successful in the First Place

If you have been trading in the forex market for long enough, you have certainly had your fair share of wins. The course of your typical forex trader is almost an archetype – when you started out, you were likely cocky, but as the market realities unraveled themselves, you have learned how to build healthy confidence and honed your strategies accordingly.

This feeling of healthy confidence is obtained by taking on difficult tasks with no absurd expectations, and getting better at doing those tasks, not necessarily accomplishing them. Confidence comes as the positive results of our hard-work start showing.

So, after a big loss, you should take a step back on focus on your trading plan, and figure out what made it successful, and what elements caused it to fail this time around. Plus, try to see the full side of the glass – a string of wins can make us feel lazy. A big loss can be a serious wake-up call, and more often than not the only thing that incentivizes traders to get better.


Experiencing your first big forex loss or a string of failures can be tough, but anybody can bounce back with a little dedication as self-restraint. If you find yourself in this situation, try to focus less on blaming the market or other people and more on retracing your steps, making adjustments to your strategy and keeping your emotions in check. Do this, and you will build back your confidence and finances sooner rather than later.


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How To

How You Can Make Money From Home



How You Can Make Money From Home 1

There is no secret to making money online, the only secret is your persistence. Hidden away between the tips on starting a wine club, taking up a photography club or joining the wine revolution, there are smart tips that anyone could use to earn money online without having to quit their day job. We have written lots about the many ways people abroad to help finance their lives.

A good place to start with online jobs is with paid surveys. Surveys pay for your time and allow you to earn a bit of extra cash. The reason you will be able to earn more than what you are actually worth is that a survey company will pay to send you their questionnaire so that you can answer it. The more accurate and detailed your answers the more likely you are to get paid.

There are many survey companies available, you need to choose wisely and carefully as some surveys are paid better than others. For example, you may get paid well if you give an opinion on the health of wine or food. You may get paid just as well if you offer an opinion on which type of music you like.

Another great way to make money online is to write articles. You could write an article and then sell it to an affiliate. If someone likes what they read you will get a commission.

If you are unable to write or if you do not have the time, you could hire someone to write for you. This could be someone who has experience in web content writing or a freelance writer. You could also sell your own articles on an affiliate website such as Clickbank or Commission Junction.

It is easy to make money, it can take some time but it is definitely possible. All you need is determination and discipline to keep at it.

Many people overseas have chosen to live off the grid lifestyle. There are many benefits to living this way and one of them is being able to make money from home.

There are also a lot of opportunities to make money doing research online, there is a constant increase in the amount of knowledge that is available to the public. It is much easier to research and discover new ways of earning money. and you can get started in a short space of time. So, I encourage you to give it a go.

One of the easiest ways to make money online is by becoming a blogger. It really is very easy to become a blogger. Just type ‘blogging’ into Google and then fill in all the details. It is easy and it can even start to look lucrative.

Blogging is a good way to earn money if you have an understanding of the basics. You need to write about something that interests you. This could be about your family life, your interests or even a hobby that you like.

Once you have set up a good website for your blog, the next step is to get visitors to it. One way of doing this is by putting up advertisements. This is just the same as writing articles for other websites.

Some people choose to make money by selling products. You can do this in two ways, through a site such as eBay or through affiliate marketing. You could sell e-books or products related to the niche you are blogging about. The great thing about eBay is that there is always a steady flow of visitors.

These two ways are only two of the many ways to make money online. I recommend you look at all the options and find the ones that work best for you. Once you have found them, you will never stop learning about ways to make money online.

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How To Avoid the Risks of Poor Credit



How To Avoid the Risks of Poor Credit 2

Security Finance is an unsecured debt collecting agency that, via a network of affiliated companies, provides “secure” personal loans to consumers who may otherwise struggle to meet their existing debts. Their loans are generally short-term, and their conditions often vary dramatically from those of traditional short term personal loans. The services they provide can be invaluable to both the consumer and the lender.

Security finance offers a wide variety of loans. These include: home equity loans, revolving credit lines, commercial and business loans, car and motorcycle loans, and other types of unsecured loans. These loans can be used for almost any purpose, and they will be more beneficial to the consumer than those offered by banks and other unsecured lenders.

Secured personal loans offer an excellent alternative to the high rate of interest paid by unsecured loans. The interest rates are often less, the terms are easier to meet, and they are often better suited to meeting a consumer’s unique financial situation. The collateral provided with the loan usually allows security that the loan will be repaid in a reasonable amount of time, with little or no difficulty.

Secured loans require the debtor to place collateral, such as his or her car, home, or other valuable asset, in order to receive the money they have been borrowing, and are therefore considered by the debt collector as an attempt to recover something that has been taken. Debt collectors will not hesitate to call a borrower who does not follow the terms of his or her loan agreement and in some cases will go as far as harassing them, calling and/or sending letters in an attempt to collect on a debt.

When applying for a secured personal loan, many borrowers are worried that the debt will affect their credit score. The fact is that there is virtually no correlation between the amount of credit available and the credit score. However, secured loans will typically have a much lower credit score than unsecured loans. This is because the borrower is putting his or her assets in a bank account where they are likely to be liquidated for payment.

It is important to remember that the loan does not negatively affect the credit history. The only time it can result in damage to a credit report is if it is reported incorrectly. If a borrower were to try to pay off a loan on a credit card that was reported as being “lost”, he or she would then be making the error a second time.

Security finance offers consumers an exceptional opportunity for personal development through the use of online applications, and the ability to make several payments on the same day to avoid late fees and penalties. This service also makes it easy to avoid late fees when paying loans off at the end of the month.

The ability to apply for secured loans online provides a tremendous opportunity for the consumer to improve his or her credit score. Security loans can provide a large number of benefits to people who are in financial difficulty, including: low cost, low rate loans, low credit, and the flexibility of being able to make multiple payments.

If you are considering applying for a secured loan but have never applied online, you should take advantage of the opportunity to make several purchases in a short period of time, rather than waiting until the last minute to apply for an unsecured loan. By using the secured finance website, you can save yourself the time and stress associated with filling out an application and can ensure that your credit report shows your financial progress accurately.

Once you have applied for a secured loan, you should also make sure that you understand the terms and conditions of your loan, including any interest rate that may apply to the loan. Be sure that you understand the term of the loan in full and fully. Do not hesitate to ask any questions that may arise. You should always contact the company directly when you feel that you are not fully clear on a matter regarding a loan.

Secured finance loans are a great way to increase your credit score while avoiding the hassle and expense of filling out and paying off an application by mail. Because the borrower is making a direct deposit of money into an account, the credit report that shows up on credit reports is often inaccurate.

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How To Find Free Rates On Money Exchange



How To Find Free Rates On Money Exchange 3

Money is a common item that can be bought, traded, exchanged or sold. This usually includes the value of the currency as well as gold and silver. Money is commonly accepted as payment of certain obligations, including taxes, and payment of certain goods and services in a specific country or socioeconomic context.

There are three money systems in the world. The first is the use of coins or other units of currency, which are available in fixed denominations. The second is barter. It involves exchanging items of utility with other items of utility. In the third system, known as fiat money, there is no central authority that decides what the money supply is, and the monetary base is determined by political will.

The most common monetary system is the gold standard, which was used as far back as ancient Greece and Rome. In this system, coins were designed to be redeemable for gold bars. Gold, however, had a relatively high price at the time, and most individuals had no access to it. Barter is much more popular today, and most people live their lives in barter, trading items with one another.

In some nations, the second money system is called paper money. Most countries have national currencies, and each government issues money in the name of their country. This type of money is not backed by anything of physical value. It is not held by the government or bank. It is simply made from paper. Since most countries use this kind of money, it is known as the official “money” of the country.

Electronic cash was introduced in 1970. This system is very similar to barter. Instead of bartering for items, electronic money is created electronically. It is created electronically to represent actual objects that can be used as payment, and then is transferred to the buyer. The process is very similar to barter, except that there are no actual goods to be bartered for. It is considered a virtual currency.

There are many different types of money, and each one has its own characteristics. Money in the U.S. has a backing and is created by the federal reserve. Money in England is backed by the pound sterling, while the European Central Bank in Germany uses the euro. has a currency known as the Deutschmark.

Each form of money has its own advantages and disadvantages. People who use different forms of money have their own reasons for doing so. Many people choose to exchange one form of money for the other, to get the best rate on an item they need or want. Some choose the same form of money for more than one transaction.

Money exchange services offer different services to help people get the best rates on money exchange. They include a variety of methods that can help someone get a better rate. Rates vary depending on the length of time you wish to get money, the size of your order, and the current value of the item you are exchanging. Some of these services can also provide you with a credit card or other form of online payment to transfer your money through.

These services are available almost everywhere. You may call around to various companies for rates, or you can check out the Internet. There are several places on the Web that will give you free quotes, and compare rates among companies. It is important that you understand the rules and regulations that govern the rates you receive from these companies before you agree to any deal.

There are several different online providers. You will often find them listed under the names of a variety of different names, such as Money Exchange, Moneygram and eCash. If you are interested in getting quotes from multiple companies, make sure to ask around for quotes from at least three. so that you have a clear picture of how much the rates will vary and from which company to go with.

Many places will offer you a variety of free quotes if you fill out a form. Others will charge a fee for this service. To get an estimate, you should send out several free quotes. and then make sure to follow up with the companies.

To be able to get the best rates, it is very important that you get as many quotes as possible from different companies on the Internet. There are many sites that you can go to. Some will charge a fee to get these quotes.

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