Saving an almost Blown Trading Online Account

It may sound impossible, but it isn’t. A trading online account on the brink of collapse, can actually be saved. Here’s what traders specifically need to know.

Saving a Doomed Trading Online Account

Saving a losing trading online account is never too late, as long as there is some equity left to trade with. Say at least 10% of the original balance, or $800 in a medium size account, or even less on a micro account. Saving the losing trading online account is all about accepting losses, closing losing trades now and putting your existing trading strategy on hold. Except in the case where you are hedging some of the losing trades, in hope of the market turning around soon. In most cases, losing trades are seen as final, and the market will not turn around any time soon. So you must close the losers and accept defeat on them. If the equity left in your account is just sufficient enough to allow you to start from scratch, and trade through well calculated trade size, you are good to go. The account recovery plan is about scalping trading specific currency pairs of the foreign exchange currency market. Scalping is about trading tiny price fluctuations during the most inactive hours. These hours differ from pair to pair, and some currency pairs may be more suitable than others. Scalping is better than day trading because is about trading quiet, inactive hours, and not news-driven confusing markets. Scalping can be simple to very sophisticated, and has been proven to generate $300 per selected day, on a starting $3,000 account. And these figures are realistic, without excessive stress and without holding trades overnight. Except if you extend scalping out to the trend seen on the daily chart. Scalping does have losing trades. But using the methodology on stops in the time domain (notional stops), and some basic skills. Can help eliminate most of these losing trades. The profitability of scalping cannot be seen at all on the daily chart. It’s all about selective trading days, hours, and timing your trades against the FX exchange market. This helps reduce price breakout risk to a minimum.

How Fast Can You Recover a Nearly Blown Trading Online Account?

Recovering a losing trading online account is about courage, and acceptance of early defeat. You may have lost 80% or 90% of your equity. Trying to recover losses the same way you caused these losses. By trading with the same strategy is merely impossible, as the odds are against you. With the help of a safe scalping strategy and the leverage your account offers. You can now use much less capital, more price volatility, and more of your time. These will make up for the lost equity in your account, and you will have a series of small winning trades. Is like shifting gears in your car, going from third gear down to first gear while going uphill. Your car will be going much slower. But even if it has lost 80% of its horse power due to some mechanical failure. First gear will get you uphill. You might think that scalping is time consuming, and you’d be right, because it is. It takes at least 2 hours per trading session to make $300 or more. But profits pile up eventually. A crash forex trading course on scalping will surely help you do this much better. In any case however it is possible to recover your account.