We recently interviewed Keith King on Podcast #243 (which you can listen to here), and during our Feature Presentation, I wrote down 10 tips and tricks from the Godfather’s interview.  Here they are:

1. Be aware of the global market
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2. Day trade on days when you’re going to get the best market action for your system
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3. Trade at the time of day your brain works best and you can be focused
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4. Only use a % of your available capital, that is based on your risk. Cut the risk with mini contracts if you trade Futures
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5. Enter on a time frame you’re comfortable with at the lowest risk
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6. Start with Daily Charts, then move the time frame down to 60 minute, 30 minute, 15 minute, 5 minute and 3 minute candlestick charts
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7. Use the Major pairs when trading FOREX – Majors include the EUR, GBP, AUD (crossed against USD) and JPY, CAD and CHF crossed with USD
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8. Use indicators to confirm the chart, price and volume data
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9. Remember, nothing makes sense unless you have a LOW RISK
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10. Start with 1 pattern, and learn to trade it before you try to trade everything. Breakout Patterns are a good starting point.