^^two very valuable posts right there, thanks.
Those steps are really accurate (except I haven't reached the last couple steps yet so i wouldn't know :P). to add to that, it pays to not listen to other peoples bullshit opinion on what to buy/sell unless it's coming from a professional. Everyone else has the exact same information as you. Taking all the noise out of my trades was the best thing I ever did, now its just me and my charts, and a little bit of revscene but thats it. Discipline is pretty much what makes or breaks a trader. Most traders are pretty much like computers. When there's a problem with a computer, there's usually just one little thing that's wrong with it. For example if there's a bunch of straight lines and there is one "kink" sticking out that ruins everything. Humans are the same way. One little "kink" in your trading like not having the discipline to follow your trading plan 100% of the time will make you crash your account in no time. Also, making a half assed attempt to make money in forex wont do much, you really gotta put in overtime to see any money. And don't treat this as a hobby. Hobbies are for wasting money like modding cars, but your not trading forex to waste money for fun just cuz you think your pro cuz you can read charts and make trades. Treat it like a business and it will treat you like a business owner