[Revsly]

Different things work for different people, but I found that I really disciplined myself by creating my own trading book in excel and access, with both booked trades and planned/test strategies. It really helps me realize how much I am risking on a single trade, and keep note of where my stops and profit targets are (even if they are mental levels). I've found it much easier to let winners run and cut losers short using this method.

To be fair, my trades generally are a little under a week in and out so it may not be the best if you are a day trader. Also I'm sure some people would hate this method, but after some initial failure as a new trader, I decided to make a change, and this has helped me plan out my trades, realize when I am wrong, and understand what other opportunities I am missing out on and its been very successful so far (of course I don't have a large enough sample size to say I could continue this return level). That's what works for me, though I am rather good with money and risk management to begin with.

Also I've been trading with $1,000 initial equity, so it is absolutely not impossible to trade currencies with little cash. I trade with Oanda, which may not be the best broker, but it works for me because of my small equity and the fact that their spreads are the same for a $1 trade or $100,000 trade. I also don't trade on news, only fundamentals and technicals, so it works out (I've heard their spreads are wide during news).