These 10 golden rules are easy to understand but powerful when applied with consistency and discipline.
If a strong currency drops for 9 consecutive days while at a high level, be cautious — it may be preparing for a reversal, and that’s your signal to start watching it closely.
If a currency rises for two consecutive days, it is often wise to reduce your position — the first rise can disappear quickly, and securing profits early protects your capital.
When a currency jumps more than 7% in one day, expect a correction the next day. Instead of entering out of fear of missing out (FOMO), observe closely and wait for a better entry.
Enter the market only once a previous uptrend has clearly ended. Chasing highs rarely works — smart entries come after excitement diminishes and new trends begin.
If a currency trades sideways for three days with low volatility, watch it for three more days. If there is still no movement, it may be time to move your capital elsewhere.
If a currency fails to return to the previous day's cost level, don’t hesitate — exit quickly.
In the list of winners, momentum tends to build in waves. If three currencies start to rise, five others may follow. When a currency rises for two days, a small drop on the third day can be a good entry, with the fifth day often being the ideal time to exit.
Volume and price together tell the real story. Volume is the soul of the market. If a breakout occurs at low prices with strong volume, it’s worth following. But if volume rises to high levels without any other price movement, it’s often a trap — exit with confidence.
Always stick with currencies that are already in a clear uptrend. This increases your chances of benefiting from momentum and avoiding unnecessary losses.