Three little rules
Jamie’s rules for forex traders:
1.Understand the basics of technical analysis. You don’t need to be a quant-geek to be successful, but understanding the first ten chapters or so of the classic Technical Analysis of the Futures Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy would be a great start.
2.When the fundamental and technical outlooks for a currency differ, always side with the techs.
3.When the fundamental and technical outlooks for a currency converge, go for it! Take a more aggressive position than normal.
source:http://www.forexlive.com/three-little-rules
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