Why Should You Give Forex A Second Chance?

So you tried your hand at Forex and failed… went broke… blew your first account. Well, “If at first you don’t succeed, try, try again” says an old English proverb and that alone could be reason enough for you to try to succeed in Forex once again. But I am sure you are not so easily convinced, especially if you just got broke trading Forex. After all, it’s not enough for some guy you don’t know to come and say “You should trade Forex again because of an old proverb”. So let me try and give you more sturdy reasons.

Ahh, What a Fine Day for… Trading Forex!

Think about all the geniuses of this world, the Nobel Prize winners, and the outstanding doctors who save lives everyday… do you actually believe they got it right the first time? Maybe Einstein woke up one morning and said “Ahhh, what a fine day for science… I’m going to write the Relativity Theory and I’m going to get it right the first time, otherwise I’m not trying anymore” or that the scientists who built the 1969 Lunar landing module said in the morning “Ahh, what a fine day for science… I’m gonna build a rocket today. On the first try, of course!”. No, guys, it doesn’t work this way and sometimes – most of the times – to achieve something you have to try, try again. And I’ve just thought of something which will help me demonstrate why you shouldn’t quit. Go back with your mind a few hundreds of thousands of years and imagine that first Neanderthal man who struck two stones together to make fire… big forehead, long greasy hair, a face that resembled a monkey’s and two stones in his hand, saying as he hits them against each other for the first time: I’m a gonna fry me this mammoth *hits them the second time* Crispy and delicious meat *hits the rocks again* So much better than raw, uncooked meat *hits them once more (still no sparks)*  Fu## you fire, I quit and I’m gonna eat raw meat until I die!!!

That guy could have been the original quitter, but guess what: he didn’t quit! That Star Trek touch screen smartphone on the desk in front of you and that internet you so much love and use for reading this article or for posting a selfie on Facebook and the crispy steak you had for lunch… all because one monkey-looking dude gave the middle finger to “I quit”. And since it seems that my appetite for proverbs and old sayings just went through the roof, let me give you another one: You should treat others as you would want them to treat you. Although it is not an exact quote, this teaching can be found in the Bible and it’s actually something that would bring great wonders to our world if everybody would live by it. I bet you are wondering what’s that have to do with Forex and why you should give it a second chance after going broke. Well, let’s see: how did you treat Forex? Did you do everything by the book and it still got you broke, failed trading Forex? Because if that is the case and you are 100% sure that you did everything correctly, you shouldn’t give Forex a second chance. But I am sure you tried to cut some corners, opened some bad trades based on “gut feeling” or you overexposed your account because you wanted to make back some loses. Yea, I was in that situation myself and, several lost accounts later, I took a step back and I realized one of the main reasons I’m broke is my trading style, not Forex itself.

There’s Only One True Answer…

You ask me why give Forex a second chance? No, ask yourself why not! Will you snap two stones together and quit if you don’t succeed to make fire in the first attempt? Will you eat raw meat for your entire life? You never did any good at trading Forex? Good, now you know how it feels. Now get up, wipe the dust off your clothes and man up.

You will only lose if you quit, welcome to the first day of the rest of your trading life.