Most of the time this would be successful but eventually the long-term effect was to make losses. <br /><br />There were times when I wiped out my account. As it turned out, I was using an approach known as scalping and what I didn't know was that I did not have the right experience or knowledge to properly use this technique. <br /><br />After that I decided to become a positional trader where I would open up a number of positions for a few days to try to make 100 pips minimum profit. <br /><br />Likewise, this would often be successful and would be effective for a few years.
