Hi all.

I have enjoyed this forum.

I have been reading for about a month and joined a few weeks ago.

I may get heavy critizism for my fews but they are my views nevertheles.

There is a lot of "consensus" advice that traders should not risk ore than 2 - 3% of their account. That is fine and dandy if you have an account of $10,000+

If however you have a micro account of say $100 - $1000 that advice simply not valid for those accounts.

THe goal in my opinion for every trader trading below standard lots should be to get to that level of trading standard lots.

Why? To take proper advantage of leverage that Forex trading offers!

One standard lot that moves 100 pips in your favor will produce $1000!

Micro lot however with the same move would only produce $10 or less IF you follow the 2 - 3% percent of your account advice.

Achieving 20 pips a day is not too hard. There are many systems on this forum alone that can produce that and more.

So you will really need to take on more risk. I say 10% to 20%

Then as soon as you can you should be trading standard lot sizes.

Some pointers:

If your broker does not offer 100 - 200 leverage find one that does.

If you have an account smaller than $10,000.00 I would advice to stay away from EA robots.

I personally don't use them.

So how do you take on this risk?

You should pick a daytrading system from this forum that fits your style.

Get comfortable with it! Very important. You need this to trade with confidence and you need confidence to take on more risk.

Avoid jumping from system to system.

Be very picky and only choose the vey best setups before enteing a trade.

One of the best tools in your aresenal is learning to interpret candlestick patterns as it releates to turnaround points as well as basic chart patterns.

What I do agree with is that you should not trade with more money then you can afford to lose.

Demo trade until you are comfortable with your system.

Again, one of the key ingredients is getting confidence in whatever system you are using. This will spare you in moments when fear would for example cause you to move out of a position prematurely.

anhyhow just my $0.02