1. Good money management
2. Always follow the trend
3. Risk:Reward ratio more than 2.
In this way probabilities are on your side, everything else is a mind game. Good luck
(I trade 4H and daily chart)
Christopher Vecchio is a currency analyst for DailyFX. With a background in political science and law, he focuses on the interrelationships between geopolitical events and macroeconomic trends.
Adrian Raymond is a currency analyst for DailyFX.fr. With an academic background in economics and financial markets, Adrian focuses on major macroeconomic trends in developing trading strategies and uses technical analysis for executing them.
Jamie Saettele, CMT has been an active trader for 8 years, and is currently Senior Technical Strategist at Forex Capital Markets in New York and author of Sentiment in the Forex Market (Wiley Trading).