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fxtrader01,
I'd say stick to it but stop trading real money right now and get a demo account. You are down to almost minimum capital required to trade.
Can I suggest learning Peter Bains method, it worked for me. I have modified it a lot, to suit my style but I still think it is a good basic system. (hint: don't use the pivot points - never worked for me)
Learn to read candles patterns, learn support and resistance levels and then Fibonaci levels and apply them all together and trade these on a demo. It works for me. Never trade with borrowed money it adds unnecessary stress.
I started trading about 12 months ago on a demo and blew 2 accounts of $5K. Started trading Peter Bains method, quite well on a third demo (doubling my money). I am now happy with my trading and have since opened a live account (3 weeks ago). Going good so far but only trading mini lots and scalping 5-20 pips.
Hope this helps
PS: I have no contact with Mr Bain and learnt a lot from his free web site but I did actually buy his book which didn;t help much. I think his DVD course is better value.
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