"10 Golden Rules" to Keep Winning in FX — The Ironclad Rules from a Current Pro with 20 Years of FX Experience
“I was just glancing at the chart and entered, and I lost again.”
Do you have this kind of experience?
The difference between people who make steady profits in FX and those who don’t is not talent or luck. It’s whether they have rules and whether they follow them. That’s all.
In this article, I, a 20-year FX veteran, will disclose all of the “10 Rules” I actually use. Just following the rules can prevent many losing trades.
① Direction Rule
Before you start trading, first determine which direction the market is moving.
Rising trend: higher highs are being made and lower lows are being stepped up → aim to buy
Downward trend: lower lows are being made and higher highs are being stepped down → aim to sell
Range: highs and lows are flat → wait until a clear direction emerges
Rule: Do not trade against the trend
Moving against the market flow is like trying to swim upstream in a river. Develop the habit of confirming the direction first.
② Key Price Zone Rule (POI)
Where you enter greatly affects the success of the trade.
The price zones to check are the following four.
Support and Resistance lines
Order Block
Supply & Demand
Highs and lows where liquidity is accumulated
Rule: Trade only at important price zones and do not enter at half-hearted positions
Entering with a feeling of “it seems to go up for some reason,” leads to the greatest losses.
③ Time Frame Rule
Each time frame has its own role.
4-hour / 1-hour (higher time frame / HTF) → confirm market direction; 15-minute / 5-minute (lower time frame / LTF) → gauge entry timing
Rule: Decide direction on HTF and enter on LTF
Trading on a lower time frame while ignoring the higher time frame is like making a bet with no direction.