Experience can make all of the difference and you’d be sensible to practice on a demo account before testing your method on the real market. Traders with many years of expertise can regularly recognize patterns without even realizing that they are doing it. They don’t consciously remember having seen a situation before, but long experience of watching and trading the markets gives them a deep knowledge that may often help them identify signals really fast. It is worth starting to develop that experience before you jump 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 must wait to be sure a trend is forming. Similarly, do not try to hold out until the last moment to try to grab every last pip. Set your profit target and be satisfied with it. In the long run this can pay you better than making an attempt to 2nd guess the market.
Finally, do not follow any sort of currency trading system that relies 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’ve got a good system your profits will surpass your losses without resorting to gambling. Investing time in your currency trading education is the key to making money from the foreign exchange markets.