I was talking to a trader that was following a trading system that only teaches to buy a couple of currencies and hold.  When one currency goes up the other is supposed to come down keeping them in correlation.  This way you would have a hedge on your trades and you would not lose money because the swap (interest paid by the banks) would build up in your account.  In the long run you should make money.  That theory has caused the loss of a lot of money for traders. 

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There is an old saying that says you should “let your profits run”.  In regards to this there are two schools of thought.  One: this is good advice and it should be followed.  Two: it is better to be consistent and follow your system and take several trades out of the long run.  The down side of letting the winners run is that you lose perspective of what is average.  The really big winners do not come along that often. By staying away from all of the big moves and stick to your trading plan you will not become confused as to whether it is a big move or an average move.  By sticking to your trading plan then you can keep your mind and your capital free to make the most of several trades over the life of the larger trade.
A good method of trading is to be consistent in the way you trade even though you will take small losses once in a while.  By trading the same way every time, you will have a better chance of seeing your account grow on a steady bases. When you do this, you are freeing up time and money that can be spent on other average trades—trades with which you are familiar and know how to handle without panicking.  In the end this should prove itself more profitable.
All the above information just means that you need a reliable system with as many positive trades as possible.  It would be better if the system gave signals to enter trades from indicators rather than candlestick movement.  The system should also work on any currency pair and in any time frame.  This holds true for when the market changes and moves in a different way.  It is our opinion that once you become a good trader you will know how to trade the big moves and make additional trades for smaller numbers of pips as well as adding on to the big move to maximize profits.

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When we trade properly we need to know that we are using the law of probabilities.

When you go to any gambling place you are playing with probabilities.  The thing you already know is that the probabilities are in the favor of the house.  When you use a trading system you are putting the advantage in your favor.

For example you have moving averages, oscillator signals, conformations, trends, time frames to put the advantage in your favor.  If one indicator gives you a signal then you wait for the confirmation of the other indicator to give you another signal to enter the market.  A trading system helps you identify high probability trades.

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