Replies to post #135309 on Simple's Green Room

[simplegreen]

Thanx KIRBY..I'm a happy camper when things go right...I'm not bulletproof and make mistakes like anyone else but keep trade sizes reasonably small in the event I miss it on entries..if it appears I nailed it I can always scale in larger ..if youre on the right side of a trade you can make pretty good money on less than a dollar a pip but if youre on the wrong side even a small position can damage an account by moving hundreds of pips against you.Good money management is very important to build an account...especially if youre like me..I dont use stops!Also try to keep an eye on any change in fundamentals..I'm mainly a technical trader but I watch press releases like a hawk anyway.Thats a very important part of a FOREX traders arsenal and you should never think technicals totally rule.Techs tell you what to expect but fundamentals tell you WHY to expect.