When you experience similar situation, don’t jump to the conclusion of you being scammed by your forex broker just yet. Instead, try to analyze the situation objectively and see if the decision you made to enter a trade was properly calculated. First, start with determining whether you have a strategy in mind — entering a position without proper strategy, or in other words based on ‘intuition’ and emotions is definitely suicidal.

If you do have a strategy mapped, continue by assessing whether you enter the trade correctly based on that particular strategy you are using. If the answer is still (objectively) YES, then you can simply analyze the strategy that you use and see if this is a solitary issue or if the strategy needs further evaluating.

Last but not least, assess properly if you are entering the trade because you are emotional at the moment or because you have cleverly calculated the movement. By following these steps, you can generally discover if the trade was properly timed and that you made the right decision.