Forex loss is a major story in trading world. significant loss occurs everywhere while you keep trading. it is possible to get exposed in to loss. first, i will try to explain how it happen and a final solution to get recovered the loss. don’t worry, even the loss is very big still i have solution for you. let’s move forward on.
You have loss by doing following or not?
- Nonsense lot size used
- Very emotional moment
- Placed trade without checking market movement
- Trade by following another trader signal
- You have given the account to someone who used full margin
- Did not use any SL (stop loss)
- You set EA that blow up your account at mid night.
More than 99% trade make loss by doing a wrong like above one. i hope it is not different for your case. Let’s talk now how to get started for the recovery.
Make some changes in your trading plan
First, make sure you have practise to remove your emotion from trading. opening market chart and placing instant trade is a big emotion. Just avoid it and check from one minutes to monthly candle status. Take some note from below
- Never go beyond trends and place opposite trade.
- Make sure your lot size is cover 1% risk or less than that
- Stop following any telegram signal provider
- Stay off from trades during the high news (1 hour before and after)
- Use strict stop loss with 1% maximum risk for every trades.
- No expert advisor (EA, Robots)
I hope you should fly at this time. still, result is negative? check your strategy. remember, you must have an answer why you placing trade at this entry point. if you don’t have correct answer why you open this trade at this price then you still in emotion.
Take help from an expert who provide recovery service
This is another option to get help from someone. you need help but must not from any youtube trader. there is a million of videos and explain a good result etc. do not go there to be a victim. why not you are already in a loss.
An expert trader don’t have time to make videos for you and publish in youtube to play child game.
You can find an expert in Mql5 market and set copy trading. there is a numbers of real hero. check their trading history and make plan to set up a copy trading. for sure, they will charge you monthly $30-250 or like that. still the copy trading is perfect.
We often provide this recovery service but have a certain of condition. however, you can contact here to know more details.
Research from tradingview team and trade own ways
Tradingview is an exceptional place to research and backtest. you can address your chart with a lots of indicator. although tradingview offer limited indicator for free user you can check one by one. it is possible to make a good strategy using only two indicator. sometimes, we write article related to tradingview indicators. our tutorial and course has big value because we do not write useless strategies.
At the end of this article, i would recommended to go back above and take more few moments to read it again. you must catch the previous wrong decision otherwise your loss never get recovered.
