Forex tips for short-term trading 1. Start small 2. Select an appropriate currency pair 3. Define your objectives 4. Keep it simple 5. Evaluate the past 6. Manage your money 7. Know your own statistics 8. If you're losing money, take a break 9. Concentrate on one trade at a time 10. Be aware of trading costs 11. Don't focus on just one technical indicator alone 12. Understand how to use leverage in forex trading