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There is no golden rule here. Many people are looking for a direct answer to the question of how to gain profit in Forex. and most of them end up using Forex signal providers. This is an easy way to start trading Forex, yet it's doubtful as whether it can be a profitable one, especially in the long run. The main thing to remember here is that to be profitable in the Forex market, you should mainly have more winning trades than losing ones. This, of course, is only applicable if your take profit level is equal to the level of your stop loss.
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You should also take into account today’s FOMC announcements that will be published at 20 GMT+2 and may cause increased volatility in the market.
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