Market Context First – Understand the overall market environment before searching for entries.
Avoid Chasing Price – If price has already moved significantly, wait for another opportunity instead of entering late.
Protect Capital First – Your first goal is preserving your account. Profits come after survival
Fixed Risk Strategy – Risk the same percentage on every trade. This helps maintain discipline
Reward Greater Than Risk – Aim for trades where the potential reward is larger than the possible loss.
Trade Only Quality Setups – A few high-quality trades are usually better than many average ones.
Avoid Emotional Trading – Make decisions based on your rules, not fear or excitement
Journal Every Trade – Record your entry, exit, reasoning, and emotions. Regular review leads to improvement.
Review Weekly Performance – Analyze your results at the end of each week. Learn from both wins and losses.
Avoid Overleveraging – Using too much leverage increases the chance of large losses.
Respect Stop-Losses – Don't widen your stop-loss because you hope the market will return.
Take Partial Profits – Lock in some gains while allowing the remaining position to continue.
Trade Liquid Pairs – Major currency pairs usually have lower spreads and smoother execution.
Know Session Characteristics – Different sessions have different volatility and behavior
