FX Article: You do not have to go through hell trying to figure this business out
Credit- Forex Factory http://www.forexfactory.com/showthread.php?t=39514&page=2 --------------------------------------------------------------------------------------------------------------------- They say that 95 percent of traders lose and give up. For new traders, that trade anything less than 4 hour charts, its almost 100 percent. They lose everything within a year, and most of the time much sooner. Any new trader that wants to treat this like a business, and take future success seriously, should do the following as a minimum: 1. Whatever/however you trade, it should be done on daily charts or higher, and certainly not under 4-hour 2. To start it should be a demo account. It should stay a demo account until you show a profit three months in a row 3. After demoing open a small practice account with pocket change. You do this also for a minimum of three profitable months in a row 4. You open a normal account and never trade more than 1 to 2 p...