First off let me say congratulations on your decision to check out this article on forex trading strategies. That title, what to do when you lose, would have put off most people who do not have any idea how important of a subject this is.

We all want to hear about winners and how we can win. We do not want to hear about losing and what do when we lose. And yet the way to become a winner is to know how to deal with the losses. It’s that important.

In forex trading there is no possibility of having 100% successful trades. Every experienced trader knows that. Of course you go into every trade believing that it has an excellent chance of being profitable, otherwise you would be crazy to even open the trade, but at the same time you know that losing trades are part of the game. The aim is not to win every time, but simply to gain more than you lose.

So the first thing to do when you have a loss is to treat it as something normal. I’m assuming here that you operated a stop and didn’t lose a huge amount. Do not be devastated; forgive yourself and move on. You might want to stop trading for the day if you are kicking yourself real hard but come back to it next day.

If you followed your trading plan then you should not even be kicking yourself at all. Your system may allow for 1 in 10 losing trades and you just had one of them. There is no blame here and no reason to act any differently at all. In fact you could call this a balancing trade, and not really a loss at all, since your system plans and accounts for it.

If things are going badly wrong, you may need to rethink your approach. I’m thinking here about a very large loss or series of losses that almost wipes you out, or if you observe that your trades over a period of time are producing a small but steady loss rather than a balance on the plus side.

In this type of situation the first thing to do of course is to ask yourself whether you are applying your trading strategies and your trading plan correctly. If your losses are the result of straying from your system and taking unplanned risks, you need to work on self discipline. One way of doing this is to open a mini or micro account and train yourself to apply your system exactly with a lot size that is just 10% of your normal position. Only when you are following your plan 100% of the time and showing a profit, do you return to trading with your usual lot size.

Another option is to get back to basics. Stop trading for real and take time out to go back to school by signing up for some kind of forex trading training. This can be a very useful option if your system seems to be at fault and is no longer giving you the results that it should. It can also help you a lot if your problem was over confidence. Concentrate on mastering various methods of analysis and you will almost certainly find yourself improving your system or developing new forex trading strategies that you can test on a demo account.

There are many Forex Trading Strategies available. The most frequently used is

Forex Time Machine

When we are reviewing forex trading methods, forex courses, forex robots or forex signal services our goal is to be sure they meet a specific set of criteria and to measure each product against those criteria before passing judgment.

The logic here is that not all forex products are created equal — in fact, many of the forex courses and automated forex trading systems out there are designed to make money for the creator of the product, not to make money for the forex trader.

With the eruption of Forex trading products that have hit the market in the past year, it is more important than ever that forex traders do their homework before spending their money on that program that promises to turn $5,000 into $150,000 in just thirty days.

We’re seeing a significant rise in these types of claims – and forex traders would do well to remember that many if not all, of these claims are simply a Scam.

Here’s an example: Maybe you’ve seen a headline like this:

"My Brand New Super Forex Robot Turns $300 into $30,000 in just 5 Days. Get It Now For Just $49.95…"

Think about that for a moment — that means in the second week, you would turn $30,000 into $4.5 MILLION — and in the third week, you would turn that $4.5 Million into $675 Million.

And in just ONE MONTH your $200 would become $101,250,000,000 (that’s $101 Billion).

You’d be the wealthiest person in the world. All that for just $49.95.

Do you believe that?

Now we’re the first to admit we’d LIKE to believe it…but we know better.

This is why we develop our standards for reviewing and testing forex products and why every product must meet our certain criteria before we’ll give it a passing grade.

The criteria we use to determine whether a trading method should be considered:

• In-depth, detailed learning instructions
• Trade Opportunity Identification
• Entry Rules / Exit Rules
• Trade Plan and Strategy
• Risk Management (Initial and Ongoing)
• Product Support (Materials and Customer Support)
• Additional Product Tools (Forums, Member Websites)
• Product Guarantee

If a forex trading method, forex robot or other forex course or program does not meet these criteria, we won’t approve it as worthy of your time or your money. Remember nobody can promise you profits trading Forex (or any other market). If you’re reading outrageous claims, you should avoid the product because there is simply no way they can be true.

We’re tired of seeing traders scammed by those claiming HUGE, windfall profits. The reality is this: Forex trading is a risky business and you are better off armed with education and a method where YOU are in control of your trading activities.

Automated forex trading programs, black box systems, mechanical forex trading systems or forex robots take control AWAY from you. We argue this is a bad idea and can only lead to massive losses for you over time.