I trade with FXCM and use software called 4xmadeeasy. It basically does about 1200 calculations per second analyzing the buying and selling in the forex market. It can also be set to your trading style. I am currently averaging 7-8 winnig trades out of 10 trades. That is an awsome average for forex trading.
an average trade for me last 4-5 hours and bring me a profit of 250-500 Dollars per Lot Traded. I am trading on a standard account (100K) so if you started with a mini and got similar results you would make 1/10th of that on average or 25-50 Dollars per lot traded.
The website for the softawre is: http://www.4xmadeeasy.com
The company that makes this sofware is based out of Dallas TX and makes software for options, commodities, and stocks as well. They also have Awsome Training and their own TV Channel called TTV on Dish Network. You can watch them on live TV 11 hours per day and trade right along with them in real time in the markets. The software is not cheap, but if you get it and go through their training you can make that money back pretty quickly.
My Advice is to use a demo account until you show a consistant profit for at least 3 months in a row before going with a live account and to always used Stops to protect your loses and trail your stops to lock in profit. Also to plan your trade and trade your plan, have a daily realistic goal and once that goal is reached get out of the trade and quit for the day.
My goal is 25-50 PIPS per day per lot traded. This is very easy to achieve and once my account is up high enough to where I am able to trade 10 Lots at a time I can average 2500- 5000 Dollars per day pretty realistically and easly. I hope this helps.
Sincerely,
Scott Davies
Davies Enterprises