There's no guarantee of success when trading, but it's a good idea to make sure that you're fully aware of the types of events which can affect exchange rates, as well as past trends and current conditions.
Knowing these things may not necessarily bring you profits, but they may help when it comes to avoiding amateur trading errors.

Forex markets can move quickly, so it's always a good idea to keep an eye on your open positions. It's also advisable to avail yourself of stop-loss facilities like the ones offered by ETX Capital, in order to protect capital in the event of sudden movements against your position during market hours.
Additionally, ETX Capital offers trading apps available on iPhone, iPad and Android devices, so you can always be connected to your trades, whether you're at home, work or on-the-go.

Every opportunity offered by the Forex markets comes with uncertainty; if the markets move against your open positions you could potentially lose large amounts.
As mentioned above, make sure you use stop losses like the ones provided by ETX Capital - if you're considering long-term positions you might also want to consider ETX Capital's premium guaranteed stops, which remain in place outside trading hours and will be filled even when the market surges, providing enhanced protection against slippage. Additionally, before opening a trade, calculate how much you are prepared to risk and size your trades accordingly.

When the markets don't move in the way we expect, it's easy to let bad results affect rational thought processes. Trading when you've just suffered a significant hit can be dangerous, as you might be tempted to take much larger risks in order to try and regain lost funds.
Sometimes the best course of action is to shut things down and take a break, allowing you to come back refreshed, revitalised and fully ready to trade.

This relates to some of the other points, but is significant enough to be mentioned in its own right. Keeping track of your funds and bearing in mind how much you're looking to make can help you pace your trading and avoid making rash decisions.
It can also help you to focus on wider market movements and general long-term market direction, rather than shorter-term fluctuation.