We all know there is an element of risk when trading the currency market. We also know there is one
thing that is certain in the market and that is, its uncertainty.
The best way to overcome uncertainty is to learn to deal with it, instead of searching for certainty.
Put the odds in your favor, get the traders edge,
How do we do that? Develop trade management trading skills.
•   When do YOU enter a trade
•   When do YOU exit a trade
•   When do YOU add on to a trade
•   What do YOU do when you win a trade
•   What do YOU do when you lose a trade
Here are some more trading edge tools:
•   Alert signals
•   Communicating with other like minded traders
•   Only trade in the direction of the major trend
•   Being patient, waiting for proper setups
•   Only taking high probability trades
We cannot control:
•   The market
•   Price movement
•   When the market will move
•   How far the market will move
•   Whoever controls the market
Here are a few things we can control:
•   Size of our trades
•   Timing of our trades
•   How far we let winning trades run
•   How soon we cut our losses
Professional traders will take on the least amount of risk when the market is most uncertain,
and that is at the beginning of a trend, when the trend is not totally committed. They ALWAYS
gives themselves room for a margin of error. This is one reason they scale into trades, adding
on to a position when the trend is committed to a direction.
This is just like professional poker players, they add to their bet when more cards are shown.
Professional traders add to their trades when more information from their indicators come up,
and new price bars are shown.
We suggest to focus on the things you can control and not don't concern yourself with the things
you cannot control
Check out the video below for more information.