Experience can make all of the difference and you’d be well advised to practice on a demo account before testing your method on the real market. Traders with many years of experience can often recognize patterns without even knowing that they are doing it. They do not consciously remember having seen a situation before, but long experience of watching and trading the markets gives them a deep information that may often help them identify signals really fast. It is worth beginning to develop that experience before you leap in with real money.
At the beginning you won’t be able to ride the whole of a trend from its kick off point to its peak or trough. In fact, hardly any trader ever does this. You need to wait to be sure a trend is forming. Similarly, do not try to hold out until the last moment to try and grab every last pip. Set your profit target and be pleased with it. In the long term this could pay you better than making an attempt to 2nd guess the market.
Ultimately, don’t follow any kind of currency trading system that depends on changing your position size depending on whether your last trade was successful or unsuccessful. This is a recipe for disaster, as thousands of ruined gamblers have discovered . If you have a good system your profits will surpass your losses without turning to betting. Investing time in your currency trading education is the secret to meaking money from the currency exchange markets.