Replies to post #35698 on FOREX TRADERS

[jrbscrazy]

I usually look for larger swings. 100+ pips. Its much less stressful that way. I preach the don't over-leverage, but I am also a victim of greed and often overleverage. Everytime I back off the leverage, I make nice profits. So...i'm working on a fixed plan that i'm going to stick to so that I don't ream my account anymore.

[villas]

Dzielak51, You are getting great advice from these guys, slow and easy is the best way.
I have been doing this for about two years now between demo accounts and live accounts and I am only just learning to be consistent. A couple of key things to live by are, don't be greedy and most important learn to take losses when they are small, don't let them get away on you.

My morning 11AM till 1PM went quite well today.
8 trades for a gain of $54, 2 losses 6 wins.
I scalp, very short term using 20 micro lots ($2 per pip), my balance this morning was $600 to start.
When the account was below $500 I would only trade 10 micro lots ($1 per pip)