Always use Stop Loss Orders. If you don't use them,
it will kill you financially. We recommend stops 30 pips above
or below your entry price.
Don't loose more than 5%-10% of your total capital in
each trade. Adjust your stop orders and leverage if needed.
Let the profits run, cut the losses. Instead of using Take
Profit orders, it's better to use a "Trailing Stop".
If your broker doesn't support it, you can do it manually. Set
the stop price at 30 pips (or the amount that you have chosen)
above/below the maximum/minimum price since your entry. You
will have to adjust the stop level continuously, but you will
get much better results.
Don't go against the trend. Go with the trend.
Capitalize well. Fund your account with enough money.
For standard accounts, at least $5000 (for mini accounts $500).
It's less risky to don't let trades opened overnight.