When starting off in currency trading, keep your margins little. It can be tempting with forex trading to become greatly leveraged, investing money that you do not really have. As an amateur in currency trading; however, you are more likely to lose than you are to succeed. If you are losing on a high margin, you end up paying far more.
GBP/JPY Technical Analysis – Holding Support Below 170.00DailyFXThe British Pound is attempting to renew its downward push against the Japanese Yen after finding interim support above the 170.00 figure. Sellers are testing support at 169.86, the 38.2%Fibonacci retracement, with a break below that on a daily closing ...and more »...GBP/JPY Technical Analysis – Holding Support Below 170.00 - DailyFX
You can always stand apart of a trade, you have that individual right. If you are skeptical about your position of a trade, it is best to stay out of it. If you do not have enough details to make an educated decision, it's much better to sit out of the trade than to make dangerous unenlightened decisions.
More to learn on Fibonacci Retracement
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