Countries not dealing in dollars

Russia and China
Russia and Iran

USDJPY relative bottom?

Looking for USDJPY to hold 76. If it does we will go long with target 80.

Money Management Structure #1

Take 2% of the account's total and calculate the lot size so that you can trade 500 pips.

Example:
fund: $10,000
2%: $200

Mini Accounts ( 1 lot = $1 / pip )
$200/500/1 = 0.40 lots ( 40 cents per pip )

Standard Accounts (1 lot = $10 / pip )
$200/500/10 = 0.04 lots


Based on your entry system, open a trade with 0.40 lots (mini) or 0.04 lots (standard) and set stop and target at 500 pips. Let the trade work itself out. If it hits the target keep using your system, if it hits the stop, analyze your entry system and re-adjust it.

Watch the ranges

When trading forex one thing to look out for is the pairs daily range. This is specially true if the pair you are trading is trading sideways. If you open a position and it goes against you, then you can wait to see if the pair goes back beyond its range. This will be helpfull so that you don't close your position out of fear.