Hi few thoughts.Originally Posted by ;
1st forget advise from those that are not creating money!Forget systems! Any system!Develop style of trading.Systems tend to be rigid and un-flexable into adapt.With news coming up more or less every day stiff systems just simply create more losers.
To give you credibility I'll post my results last 3months because my mt4 does not go farther back.Since 2013 I consistently make 8-10% a month trading.
To make money in Currency Market isn't hard!Yes you heard it NOT hard!What is hard is growing PATIENCE!
Please read this informative article
http://www.learntotradethemarket.com...-forex-trading
Think of surfers.What do they do all day?They wait for good wave right?They don't waste time chasing every tiny ripple of water correct?So intuitively surfers understand that energy is simply not there to carry his body.
However they're trigger happy traders doing exactly that pursuing every tiny market sound scalper
Just trade more time frame H4,daily and weekly charts.To me anything less is not as cash and not worth stressing over.
I'll share with you more but 1st please read
bird watching in Lion nation and trading in the zone
to reply to your question Yes you can make 5k a month on 50k account yet easier to make 5k on 80k account till you get far better.
Before you risk real cash open mini account such as 2k and trade 10c 20c for practice.Avoid Demo because you will not learn about trading plogy at which 70-90% of gains and losses occur.
Will last afterwards determined by you.