What to do if you can't win in Forex?

It is frustrating to read day after day testimonials of users who declare profits in Forex while your account is loosing its weight... What to do if you cannot win in Forex?

I think that we all know how to analyze our mistakes, therefore, there is no reason to speak about it. Let's talk about practical things that may enhance your trading performance and help to get out of a circle of losses in Forex.

First, leave only those indicators and rules you are most confident in, clean all other tools, indicators from your Forex chart, eliminate some "shaky" trading rules. Instead of those try to implement new ones.

Look what's missing, what would help you to achieve better performance? Once you found a target, go online and search for answers. Among first thing I would do is looking for some newly available custom indicators for MT4. Even if you don't trade with MetaTrader, you may register a demo account and run some good custom indicators, that would help you to improve your Forex strategy.

Second, make sure you decrease the lot size you trade with. When a streak of losing trades come it is better to refrain from trading large positions and regain strength by trading smaller once.

Third, for some traders who do not solely rely on indicators and rules, who uses intuition an judgment of common sense, analyze your emotional and physical conditions, it may be the case you are tired. Then a week of resting away from Forex is the best option. Plus after a week has passed with the new market data you may get new ideas as to how to approach new market conditions.

And if nothing helps, start demo trading with a new system, there plenty of ideas on the internet (like a good collection at Trading naked and at Forex strategies revealed) it might turn even more profitable and stable than your previous system.

Trading and winning is what I wish you!