How often do you make money in Forex? Do you even actually see your account grow at all? I am not trying to be insulting here, but many new traders after 6 months of trading don't even come close to breaking even with what they first invested! I know because I was one of them! Luckily I managed to get some real quick education and turned the tables! Statistics show that 95% of new traders get their accounts wiped out within 6 to 9 months of trading.

Ask yourself the brutal honest question, are you making money from your trading? If no, why not? Was it because of your plan or was it something a little more intangible. If you really explored yourself, the most likely answer would be the latter. Let us introduce some concepts here. The first is discipline, the second is knowledge and the third is money management.

Discipline, can be said to be the toughest aspect to train in a trader. Even after many years of trading I still get urges to follow the newest idea in the market. Without discipline you will never trade your plan properly. And that means you will never be profitable.
Knowledge, while you as a trader would know about the Forex market, do you know enough? If you know enough do you take that knowledge and apply it? Knowledge used is power; knowledge stuck in the back of your mind is useless. Take what you have learnt and apply it to your trading.
Money management is the key to growing your account at a consistent pace. Money management in Forex is really very simple. You will need to master the above two points before it becomes effective though. Money management is concerned about protecting your account and through that defensive action slowly grows your account by increasing the position size of your trade.
To illustrate; imagine that you have an account of $10,000 and you want to grow that to $100,000 in 12 months. How would you accomplish that?
My advice is to aim for small daily profits. An account of $10,000 means that your pips for most currencies are at $10. So a pip profit of 20 pips per day is $200!

To consistently grow your account you have to aim for steady daily profits. Thus your trades you take you have to specify the stop loss and the profit targets. At this point you will want to take all trades that fit into your set up. When you do that, remember to size your position to your money management rules.
If you are on a wining streak, I would suggest you become more defensive in your trading. If you are losing then you can proceed as you normally would. The rationale behind this is that when you make money, you have to defend it so your account can grow. If you lose money, well there is nothing you can do about it, but to plough ahead and make sure you make it all back in the next trade.
Aim for consistent profits; make 10 pips a day after 10 months of trading you would have reached your goals of growing your account to $100,000. That's why I would have consistent profits any day rather then huge sudden gains and large spectacular losses!