currencies, page-37

Stiven

Unless scalping a stop of 15 pips is way too tight.
Just the price oscillating will take you out unless you pick the move well.
Did you know you can trade mini's?
That is you can take a contract out on the AUD/USD for $1.00 minimum per pip.
It may be better for you to loosen your stop to around 50 pips and trade one or two mini contracts to get the 'hang' of it whilst still having the emotional committment of using real cash.
You won't get rich this way but you won't go broke either whilst you are learning.
Unfortunately there is no short cut. You need the tools.ie ability to be online all the time. The ability to read and understand charts. This is an evolving process so you can trade and learn.
However most importantly is the ability to manage risk.
There is an absolute wealth of information re forex trading and risk management available on the net. You have to spend the time reading and analysing.
There is no short cut.