As mentioned in all forex trading books, first of all the trader is advised to consider where he puts the stop-losses and what are their income target objectives. Pay attention to the fact his most successful years were 1999 – 2003. It was the period of much higher price changes than we are seeing now. It is highly probable that this trader puts too long positions and lets them profit and than turn out to be losses. As well it’s possible that he lets the losses go that far as he is just used to higher scale of price varieties and the paid or forex free training he obtained is not applicable any more.

In order to confirm these hypotheses it could be useful to study this trader’s during the latest months. If average losses on winning deals are higher than the average losses on the winning deals and many deals were profitable first, it means that the trader should just get used to the new market realities.

In order to break this unsuccessful circle, the first step to take is making all of the deals volumes smaller – three or four times less. The aim is to keep the least risk on the market and return the balance of the profits and the losses. That will be the first step to have the profits back. The aim is not to return the losses in short terms, but to get back to the healthy trading rhythm by using single and doubled stocks.

The next step is the identification of single and doubled stocks. It means revealing the contrasts of the account history and seeing which deals bring money and which do not. It should be analyzed taking into account the time of the day if he is trying to learn day trading. The trading tools, forex trading system used and the positions scale. It could be nice to see if there are any large losses exchange currency deals that are affecting the profits and losses balance and if there are some deals that are not winning and are repeated regularly.