It's not unusual for beginners Forex traders to wind up completely wiping out and account through a series of losses Or Poor risk management. While this unfortunately scenario can be avoided with the right among of trading knowledge and discipline it would also help to have a battle plan to bounce back from blowing up your account. Instead of dwelling on frustration and anger, you should take a more constructive approach in dealing with blowing up your Forex account account. Perhaps the first step you can take in acceptance as this will put you in a better position to start recovering from the losses. There is no need to focus on the negative aspect thought it as a lesson learnt and an opportunity to bounce back. After accepting the reality of losing your money look back and try to figure out where you went wrong. Did you reached too much on each trade? Did you over trade in an effort to recover money lost on a bad rate idea? Where you are over leveraged? Did you fail to conduct proper analysis before taking trades? There are just some of the questions you can think about when analyzing your decision. At this point you should have a trade journal that you can review in order to pinpoint the mistakes you have made and how can you avoid them in the future. Without a proper trade journal it might be difficult for you to resell your grades and figure out what you can improve. Another factor that you can review is whether or not your trading system is working for you. Even if you have the proper discipline and risk management ruled a few trading system is not appropriate for the mistake environment then you could still wind up with a triple trading performance. You can option to run another fat of back steps on your mechanical system or take some time to review the role of your trading system to see if any advertisements need to be made. The next step after figuring out where you went from is to be. Go back to demo trading. This can allow you to forward test the adjustments you are planning to make in order to have a more profitable for farmers and avoid wiping out your entire Forex account again. Apart from that this can be a helpful exercise in regaining your confidence in trading. Of course there are plenty of physiological differences in demo and live trading as discussed in the previous section but this should not stop you from taking it easy and really learning the ropes. The important thing to remember is to take your time in recovering and that there is no need to rush when it comes to proving that you can trade better. Once you have your trading confidence back and are able to see consistent results on demo you can open a live trading account again and stick to the lesson you have learned. Thanks .
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