1- You need to follow the market datas that will be announced the day before the transaction. It will be very risky to carry out any transactions without the data being disclosed on events' days, which are on the agenda of the market and where very drastic movements are observed. When the data comes in, upside movements are likely to be seen in the first stage in the currency pair. For this reason, it is useful to be cautious about trading.
2- Set absolutely take profit and stop loss levels for all your trades. Especially if you do not close your position on the same day, take profit and stop loss levels will be your savior.
3- The price ranges of each currency pair are independent of each other during the day. For this reason, set the take profit and stop loss levels according to the parity in your trade.
4- Create a position with a maximum of one tenth of the margin you deposit. Leverage used in the Forex market up to 1:10 can cause you very high profits, as well as cause you to lose at the same rate.
5- Do not aim to make a very high profit with your open position, the important thing at this point is to ensure continuity in your success. For this reason, get your profit at the level you set and close your position.