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Last 12 Month - EUR/USD

FOREX market brokers

There are plenty of Forex market brokers. Consequently, they need to be supervised, therefore you will need to check whether a particular company is registered in CFTC KNF, FSA, CySEC, SEC, or is a member of NFA.
The information is available on this website:
http://www.nfa.futures.org/basicnet/
Before you choose a broker, check:
-    what platforms he works on
-    what the entrance costs are
-    whether the spread is fixed or variable

Yearly statistics | Day Trading

**** 2005 2006 2007 2008 2009 2010 2011  2012    
Balance (pips) 38,551 35,608 30,919 46,314 21,954 12,576 27,010      
2005,2006,2007,2008,2009

Risk management

Starting this subject it is necessary to introduce the notions of investment size on the Forex market. The basic investment unit is 1 lot. It is fixed value of 100000 units of the base currency. There are also minilots, which equals to 0,1 lot =10000 units of base currency. Apart from it, we have microlots and they are equal to 0,01lot = 1000 units of base currency.
An example: let me count how much 1 lot is worth for my pair, which is GBP/JPY.

Strategy

Profit - Compound Interest 223.66%
Profit - Money 11183.02$
PIPS per 12 month 1909
Average PIPS per session 10.26
Trade per session 2.1
Risk 2%
Seed capital 5000$
Max Open Trades 1