4 Ways You Can “Start” in Forex Trading

Telegram Forex Signals; If you’ve been trading long enough, then you’ve likely experienced a time when you feel like you’ve lost your trading mojo.

Top 3 Trading Psychology Lessons 2022

Whether it’s because you took a long break from trading, had a string of losing trades, lost your edge in the markets, or blew your account, there will be times when you feel like you have to start from scratch or quit trading altogether.

And if you do choose to start from scratch, then you’ve only made the first step to swimming rather than sinking. It’s only the beginning of the process.

About Us

Starting over is more difficult than learning how to trade for the first time.

3 Steps to Incorporate Trading Psychology Signals

When you start over, you’ll have to confront your mistakes, admit your failures, and let go of your ego and your old habits.

But maybe letting go is exactly the point. Just like how some tech startups have to “pivot” in order to survive, you also have to let go of your past trading processes and pursue other avenues to discover a better trader in you.

How Optimism Affects Trading Results

So, how can you “start over” as a forex trader? Here are a few tips:

1. “Re-learn” the forex market

The key is your willingness to try new things. After all, what do you have to lose when your old tricks aren’t getting you profits anymore?

Read and try out others’ trading strategies. Talk to other traders and get their perspectives.

Learn to look at the forex market in a new way and maybe you’ll find a strategy that would give you a new, simpler, or different edge.

2. Take note of your strengths and weaknesses

As you re-learn markets and explore strategies, look for opportunities where you can maximize your strengths.

A trend-trader, for example, could look at shorter time frames in times of low volatility. Meanwhile, a news trader can expand to trading currency crosses instead of just trading the majors.

Starting over doesn’t mean forgetting everything you’ve learned.

If you already know your trading personality, then you’ll just have to find another strategy or system that would yield you consistent profits today.

3. Keep trading with deliberate practice

Just like with trading newbies, sometimes the best way to find a new edge for you is to just keep trading.

Trade often and trade with deliberate practice. Trade on demo if you’re not comfortable risking real money on a new strategy.


The goal is to find out which methods work and which don’t in the current trading environment. Which brings me to my next point…

4. Maintain a detailed trading journal

Since you’re back to “exploring” what works and what doesn’t, you’ll need to religiously keep track of your progress.

A detailed trading journal will help you note your new observations about the markets. More importantly, it will help a lot in refining your new process.

The Best Way to Learn Forex Trading

Re-learning the forex market and all its profitable nooks and crannies is the easy part of re-discovering your edge.

The more difficult part is admitting you need change and letting go of your old habits to make room for newer, better ones.

4 Ways You Can “Start” in Forex Trading

Daily Forex Signals

These are the three most traded currencies beside the US dollar. Lower market liquidity will mean that a broker will give wider dealing forex spreads.

Fraud Warning

Crypto Signals

If you understand that forex signals can boost your trading activities and accuracy. Open a Forex Account with the Worlds Best Broker

Trade better, discover more Forex Trading Strategies
Better Still Sign Up For our FX Signals Daily
Read more on Forex News Today
Download our Forex Signals APP

4 Ways You Can “Start” in Forex Trading