The first thing you must keep in your mind is to trade during the time of market hours. The market hours are normally counted as in Wall Street of America. The market hours are 8:00 am of EST to 4:00 pm of EST. You must follow this time as it is the best time to deal and trade for making a good profit. But if you are trading any other currencies then you must follow the opening and closing times of that market because the currency is mostly active in market hours. Timeframes are therefore also an important factor to be concerned by traders.

I would advise you not to use indicators as they make the work more difficult to you. Indicators are contradictory and the mostly return the incomes back to the brokers.

Try to learn the figure charts with the main psychology behind them. For example if you are using bar and candlestick charts, then do not only read the resistance lines of red and green bars but also try and look for the characteristics of the candlestick charts and their psychology.

It is better to deal with one currency pair until you become more experienced in trading. Look at your currency dealing movements of hour, week and month movements and transactions with concentration and comfort.

Try to figure out every paper and money movement before any upcoming event. You must figure out everything just before a half hour atleast to know the situations arising.

These tips and strategies related to forex trading are hopefully helpful for you.