Frequency, Volume, Duration.
These are the three main factors of Forex trading.
How often to you enter the market ?
How much do you trade relative to your account?
How long do you stay in your trades ?
You have confessed that you know nothing about the market. Your cup is empty. This can be good to an extent as you have yet to be bombarded with all of the trading styles and philosophy’s out there. I see them as diet books. There are literally thousands of diet books on the shelves. Every type of eat this and not that, do it this way and your guaranteed to lose this in this amount of time.
Alas, it’s not the diet, but what your body decides to do with the food you eat. Same thing with Forex strategies. It’ s not the strategy, but how you internalize it and use it. It really is emotion based. Can you controll your emotions and manage your risk, or will the risk manage you?
You have yet to lose big. That can be a humbling and very educational experience. I had lost a $10,000 account in a matter of weeks. A painful experience but one that can help you learn to respect the animal of Forex.