Smart Ways to Succeed in Forex Trading 1.Develop your trading plan. 2.Use money management strategy. 3.Put protective Stop Loss orders. 4.Close profit-making trades on time. ... 5.Hold position for a reasonable period of time. 6.Exclude averaging from your strategies. 7.Keep the same rate of risk if you get successful. 8.Trade with reasonable amount. 9. Take profit from your account on time 10. Keep the same trading plan 11. Be patient 12. Be disciplined