When I first started out, I didn't know how money management was even used. Once I thought i knew about the charts I would just jump right into it. Bad mistake because now I know that money managment is key to it. You have trade the same way and have some good winnings and losings but it's all about how it ends up at the end of the day.. Forex trading is very hard work for newbie they should be gain access to trading and prectiece good on demo account. Before trading newbie should look the forex expert and their trading style follow them this is a secret to succeed in the forex trading so maximum prectiece on demo account make your good trader.