Easy system

1- What is pips ? Pips mean price interest points .
2- if you don’t have at least $2,000 to open a regular Forex
trading account, or can’t afford potential 10 pip losses, then you
may want to consider a “mini” account.
3-Trading a mini account means that 1 pip
equals roughly $1.
4- never risking more than 2% of your margin account on any
single trade, however if you have a small mini account you may
bend this rule to 5%. if you have $300 in your
account, 2% is $6, equal to 6 pips loss.
5-never trade without stop loss.
6- only risk 5 or 10 pips
7- do not try to get rich fast set your high stop line with 10 pips in time if going fine you may change it to 20 or more .
8-At this point you wait for your profits to be in
excess of 20 pips and you immediately change your stop order to
secure a 10 pip profit which counters the 10 pip loss.  If anything
bad should happen at this point you would exit the trade with a
zero win/loss, which is better than walking away with a 20 pip loss.
9- If your Forex broker is giving you a 5 pip spread, if for the
currency pair you have a greater-than 5 pip spread then you
should not add/subtract 10 pips but rather use 15 pips or more.This is because you could get triggered into the trade too soon. .
10 -As soon as your trade
has been activated and moves up at least 10 pips then
immediately replace your stop to be at your entry price.