Here are two important truths, you should remember in forex trading:
Expect the Unexpected, No matter how much effort you put in your analysis, you still won’t have a hundred percent accurate idea of where the market is headed.
There’s always the chance that a surprise is waiting just around the corner, maybe in the form of an unannounced currency intervention or shockingly dovish comments from a central bank official.
Trading is all about probabilities
Remember that trading is a game of probabilities. This implies two important things:
(1) you must always make sure
that the odds are in your favor before putting on a trade.
(2) the cost to find out if that trade is right must be compensated by probability.