yey - how easy is this?, page-7

Sharks

Good luck with it. It certainly isn't boring (unless you hold an open possie for weeks and weeks) :)
The one thing about FX is the volatility.
You can have the trend correct, your entry timed perfect yet still get smacked because you run your stops too tight or too loose.
For my experience there is simply 2 ways to trade.
Scalp it with tight stops for say no more than 20 or so pips per trade or swing trade it with specific targets via ta in mind and set with a limit order. Also have your stop set at a reasonable distance ie loose. Move your stop with the gain but don't trail it too close coz the volatility will bite you in the backside, hit your stop then revert to the direction you were trading in.
The best thing about it is that you can live test your strategies with minis. Much better than a demo account because it is really your money that you are playing with.
I quite often tested differnt strategies with 5 mini's which is $5.00 per pip when scalping. You could do $1.00 if preffered.
So far in 12 months FX trading my most profitable month was the one open aud long from 84c to 88.8c
I haven't traded fx since as I need to get my head around what is more important in FX. Making money or having fun.
Thus far the two haven't gone hand in hand for me.