Dislikedi was long the audusd today so i made a quick 200 pips in 5 minutes; however, i wouldnt have wanted to be short at 8am EST without a stop loss and being highly leverage... it would have been very painful (unless you are trading small lots and plan for 200-300 losses.
for instance (i trade for on the side - not my day job; currently i am long the audusd with 10 mini lots with only 2500 balance in my account ... i do that with a very small stop until i can get my stop lost at break even - now i am up 250 bucks which is about 10% profit - very nice;...Ignored
If you are new to Forex? Say Goodbye to your account!!