First this I think you should do, one you start to step in the forex path towards richness and wealthy living, is to sign-up to a good news site that has good knowledge of the market. A good site can be helpful to both fundamental traders and technical traders, since it offers them both information and advice.

These are 2 examples I took from a forex news site, one of the best, today:

1. Dollar Edges up on North Korea, Cenbank Standoff

“4:30 am UK May Merchandise Trade Balance (exp GBP – 5.7 bln, prev GBP - 5.8 bln) 9:00 am Bank of Canada Interest Rate Announcement (exp 4.25%, prev 4.25%)

Dollar edges higher as the standoff surrounding North Korea’s missiles pushes into in China’s camp. Beijing has assumes the lead in directing talks with the North Korean government this week to head towards multiparty talks. All eyes will be on weather the Chinese backed initiative will succeed, i.e. imposing restrictions on North Korea's access to missile technology, and an explicit indication to stop all future missile launches. Failure to do so, would move the ball into the UN camp, where the latter will draft a resolution that is approved by all 5 permanent UN Security members plus Japan.”

2. Yen attempts gains on BoJ prospects

”USDJPY edged higher above the 114 figure after Japan’s consumer confidence index hit a 6-month low of 47.2 in June from 49.8 in May. The falling stock market was the biggest contributor to the decline.”

These both articles have helped me decide 2 positions I had some questions about, and it looks good in the meantime. Using a trailing stop assures me that on these trade I wont lose. Viva la forex.