Every trader has moments when it seems that all attempts to make a profit end in failure.
Yes, such periods do occur, but most often their reason lies in the trader himself, namely in his psychological state.
Therefore, you can solve the problem in the same purely psychological way, while you should not hope that everything will work out the first time, you may have to make several attempts.
We turn to the search for solutions to the problem.
• A little bit of theory – a good book about forex , a great helper to escape from problems, you will not only take a break from trading, but also spend time with benefit, replenishing your baggage of theoretical knowledge. It is possible that in the process of reading you will have new interesting ideas.
• Change trading instrument – you may have more luck with a different currency pair or even try to work with futures or other available trading instruments.
• Change the time frame – and with it the duration of transactions, for example, if you used to work on medium-term transactions with an average duration of a couple of hours, try scalping or vice versa long-term transactions.
• Change the strategy of work – even the most profitable strategies sometimes stop working, what was profitable before becomes unprofitable. You should not get hung up on old trading options, the market is changing and the trader should also change.
• Analyze mistakes – analyze the history of your trades, identify which of them brought the greatest profit, analyze by category – buy or sell trades, trades in currency pairs, etc.
All of the above actions will first of all help you distract yourself from losing trading, cope with the psychological factor, which was the possible cause of all the failures.
