1. ACCEPT LOSSES

The first step in the recovery process is to accept that your account is gone. Some traders let negative thoughts creep into their minds, making them believe they will never become a stable profit trader. Successful traders motivate themselves and understand one thing well: risks always come with trading.

Furthermore, successful traders know that account burnout is bad, and it is evident that this can happen to any trader. Instead of discouraging and doubting yourself, you should see this as an opportunity to learn, grow, and improve into a better trader.


2. FIND OUT WHAT CAUSES THE MISTAKE 

Now that you've faced the fact that you've lost a lot of money, it's time to ask yourself "What did I do wrong?". Most of you will find the answer in your trading log, provided that you have a journal and you are disciplined enough to write down each order in detail.

Did you risk too much? Did you enter orders according to the trading plan? Do you think this trading system is right for you? Take a look at what you've done, examine every element of your trading style, and see if there is something you can do better.



3. RETURN TO DEMO TRADING 

Don't move. I know that going back to the demo account isn't really the best launcher. Just know that there is no need to be ashamed to practice trading with a demo account and get back in your familiar form. Putting the ego aside - you will see how much this is worth in the long run.

Remember that the market will humiliate us at some point, no matter who we are. Even sharks have some sort of market buzz.

A smart and sensitive trader knows that he needs to build confidence before starting to risk real money in an unforgiving forex world again.


4. OPEN ANOTHER ACCOUNT

There is no specific time period when you are trading (you will know when you are ready), so when you feel you are ready to trade a real account open another account with the money you have available. sieve lost. I insist - only trade with the money you are willing to lose.

From now on, make sure you adhere to your trading plan strictly. You may not see profits increase right away, but becoming a disciplined trader is already a huge win. Gradually you will feel your trading skills improve and the results speak for themselves.

One last important thing to keep in mind: Don't get discouraged. If you don't believe in yourself, nobody will believe you. Your destiny is up to you to decide. Please walk your own way. What doesn't stop you will only make you stronger.