try constant range bar chart to reduce the 'noise' lvl. some use renko, but my preference is range bar.

i purchased the range bar online. it is still in offline chart but tick updated real time as normal chart. reason i purchase n not use some of those in forums as it is slow, or not real time or when news hour fast price movement it slowed down the system /hang. also i use tick volume n not all those free one has that capability. but just to check out u can use those like in forexfactory or tsd, google for it n u will get the links.

look at forexpeacearmy website to learn details on forex brokers, issues/gd inputs posted by their clients etc. some scams r investigated by forexpeacearmy too.

abt $5/pip.

if ur trading systems incorporates 50pips stop loss, it means abt $250 risk, per trade.

if ur trading acct is $10k, the risk to capital is abt 2.5%.

say u get 100 pips profit on a macro lot 0.1.

0.1 means abt $1/pip. 100 pips mean abt $100.

on a full lot size of 1.0, it is abt $10/pip. 100 pips profit wud mean abt $1000.

but in fx, u also nd to know what is ur capital, what is ur trading stop-loss (if any), hence the risk u shud put in place in each every trade.

one lesson in fx. do not start counting $ when u start learning. make sure u hv consistent pips profit, not their equivalent $. when i share $1000 profit, newbie will be salivating with the numbers. plan ur learning by tgting 100 pips profit/mth, then 200, then 500, then 1000 ...... once u can consistently profit by pips, then start increasing ur lot size according to ur capital/mny mgmt.

i can guarantee u that u can be consistent with 1000 pips/mth at 0.01 lot, but once u increase that to 0.1 lot size, u will see suddenly u only managed to get 500 pips/mth or lower. it will take u a while to re-adjust though ur trading systems remain the same. similarly when u want to play full lot size of 1.0, another adjustment will take place n it will be much harder too.