i just started forex this month in the 14, my mini account deposited $10 made $10.14 lose more but got an $50 credit to my account, but i known what to look for tomorrow, you all will see better, I was trading the wrong way here is what i mean: click below
Tomorrow will better Guaranteed;)
Good luck with your trading! Looks like you’re using a sort of scalping strategy with trades ranging in the +2 to +5 pip range.
Testing the waters live is a good way to learn. Don’t skimp on the knowledge though. I’d suggest doing a bit of the reading on this site too as there is a wealth of knowledge. Check out the ‘school’ tab (at the top of the page) if you haven’t already.
Would you say you trade by instinct and watching the prices (price action) or have you devised a system?
If you don’t stop letting your losing trades run tomorrow wont be any better. Close them out!!
Trading like this is not advised by anyone who seems to know what they are talking about. If you chose to trade this way,this is my advise.
I have been scalping demo and live for a few months, I enjoy it. I have got to the point where I can almost make money and keep it. I have found the most important thing is your money management. Not the individual trades. You win some you lose some, if you can’t accept that and enjoy a small losing trade(think “I handled that well and saved my self from a big loss:)”) your going to keep letting those losers eat up your capital. Don’t worry so much about losing a small amount. Pick a pair with a tight spread if you want to scalp. Stick to one pair for a while. Without sticking to a STRICT MM plan you will lose money.
Trust me on this;)
I’ve looked into scalping but maybe you can give me an opinion on this: What do you like better, trading the volatile pair (larger spread but more movement-GBPJPY, or tight spread EURUSD not AS much movement?) I think you answered that already would you prefer one over the other for any reason?
I prefer low spread, less movement. I stick to the Asian session.It seems a little less random to me, fewer spikes hitting my stops.
Short time frame charts jump around, indicators don’t work as well, candle stick patterns are not that reliable. You lose allot of trades. This can happen on any time frame. The only way to deal with that is with risk management and money management. As a trader you have total control over those 2 things. You have no control over what happens to price after you open a trade. If you can learn to work with that I don’t think it matters what time frame you trade.
Good Luck Jameen34
Keep us posted
I’m not a scalper, but if you want to trade M1 charts on GBP/JPY you should look into Furious Angel’s method over at forex4noobs.com. Some people might not considering it “true” scalping, but it’s close.
He’s one of the few successful low-timeframe traders that I know, and if I was going to scalp that’s the way I would do it. 
Thanks I’ll head there and check it out!
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Welcome! This is one of the best Forex forums!
Good lucK!