1. Choose your currency pairs

2. Decide how much risk you are willing to take and how much you want to gain

3. Track the time and date you placed the trade.

4. Keep notes describing your strategy and why you chose to enter the trade?

5. Decide how long you want to stay in a trade (hours, days, weeks, months).

6. Why did you exit the trade? Was it at your stated stop or limit level, or did you get out for other reasons, etc.?

7. Experiment. Remember, you want to make your mistakes on the practice account - not with real money!