Good evening. I am newbie in forex too. Currently I am still demo trading and learning charting and technical analysis. Hope that the oldies here can teach us more. Currently I use my technical approach towards forex trading plus 3-6% rule. At most 2 trades at any time and no more than 6% of total equity.
My friend use forex too earn 20 times in 6 months. I thought he is lucky because GBP/JPY just goes up from March 2007- June 2007 But I find forex quite interesting and challenging too.
BTW today trade at 9:19 PM Oct 26 2007 GMT +800
Short GBP/JPY 234.65
Short EUR/NZD 1.8768