Hi this is my first post as a fxnewby. I have traded other markets for 10yrs now, and have had a demo account for several months which is showing consistent profits.
My approach has been to specialise in Cable, and limit all my trades to the pair. I am trying to develop the disciplin to only trade in high probability situations and plan not to trade every day, week or even month if I am not happy with the data. It seems from looking on the web a lot of the 90% losing retail traders come a cropper from lack of disciplin, overtrading, and having small accounts.
I plan to let my positions run with wide stops but trade with a $1m + account over the medium term using up to 10% of my margin. Is this likely to improve my trading chances?