1. Nobody is bigger than the market. 2. The challenge is not to be the market, but to read the market. Riding the wave is much more rewarding than being hit by it. 3. Trade with the trends, rather than trying to pick tops and bottoms. 4.. Trying to pick tops and bottoms is another common fx trading mistake. If you're going to trade tops and bottoms, at least wait until the price action actually confirms that a top or a bottom has been formed before you take a position in the market. Trying to pin-point tops and bottoms in the foreign exchange market is very risky, but exercising a little patience and waiting for a proven top or bottom to form can increase your odds of profiting and somewhat reduce your risk. 5. There are at least three types of markets: up trending, range bound, and down. Have different trading strategies for each. 6. Standing aside is a position. 7. In uptrends, buy the dips ;in downtrends, sell bounces. 8. In a Bull market, never sell a dull marke