Commander in Pips: So we have determined what kind of money we can put in business. Now is a question about more precise goals. That’s important, since you may trade differently, depending on your goal type. This is obvious that you want to be profitable and preferably that it will be on consistent basis, but how much profitable? Since trading is a rather risky business, we want to get a corresponding premium for that. At minimum it has to be greater than bank deposit interest, following common sense. But “greater” is not the answer. Depending on what you will answer – you will probably trade at different pairs, different time frames, apply different leverage and hence risk. Let’s suppose that you want to get 15% annually on your account. This is a good target. It will allow you to trade not too much, applying daily or even longer time-frame charts. You can spend a trading just small part of your time, and combine trading with another job. Since you will be primarily focused on daily and higher time frames, you do not need to pay for fast real-time quotes. This will be enough if you will pay for quotes with 30-min delay, for instance. You do not need have a fast and sharp broker for execution of your orders and you do not have to be an expert in market mechanics. Your target of 15% will let you apply small leverage, so drawdown of your account will be shallow. Hence, this type of trading also will be preferable for those who feel uncomfortable with large drawdowns and try to avoid them. From the other side, you will have not many chances to trade and time lag between your trades could last some days or even weeks. Also you will have to wait the same time till completing the trade. So, this style demands the ability to be patient.