Informed trading

1. Anticipates possible situation.

2. Wait until the price confirm your prediction.

3. Consider risks.

Use Economic calendar. Every week, check the latest information that will help avoid any unpleasant surprises. Data calendar should form the basis of your judgments and predictions.However, you should not rely on them. If the forecast is not confirmed the price, you can forget about it. Most important role here played by public opinion prevailing in the market. Ultimately, the trader's job is to learn from other traders and to join him.

Wait until the price falls or rises in 20-minute period at 5-minute chart. Do not sell the currency if the Japanese candle is green, and do not buy if it is red. If you just decided to guess the maximum and minimum price, you do foolery. Trade online forex should be fully justified.

Trade - one of the classes, where you can do everything right and still lose. Therefore, even trade, a reasonable schedules and news, is not always profitable.