How to Trade Profitably

Sign up with a broker and setup your trading account. Go through all KYC criteria and requirement. You can choose from the top 5 brokers by review and recommendations . IQ OPTION | IC MARKET | FX PRO | HFM | XM
Other things to consider are commissions( charged by broker) , regulations, spread, fast payment and withdrawals etc.
Explore the different deposit and withdrawal options and choose what is available in your country to fund your account. or use demo (practice Account) to develop a strategy.
Be sure to back test whatever strategy you come up with for at least 6 month to a year and more. Treat the practice account with all seriousness as though its your real account.
Understand technical indicators and fundamental indicators, and how to apply them.
Plan your risk reward ratio (1:2 ) and apply tight risk management strategy. Remember loses are part of the market.
Master your emotions and apply psychological intelligence when trading.

You main goal is to predict the movement of the asset in question whether it will rise or fall within specified time frame.
Use technical indicators ( trend lines, MACD, moving averages etc) or fundamental indicators ( news, interest rate economic calendar) to help you make those decisions. Note that technical tools other than trend lines are usually lagging ( they follow price movement closely) but can also be great when applied correctly.
Buy the asset if you believe the price will rise or Sell the asset if you believe the price will fall. ( Buy low and Sell high)
Place a Stop Loss above your entry price when are you selling and below entry price when you are buying. The stop loss should be exactly how much you are willing to invest on each trade( ie, how much you are willing to lose)
Place a Take Profit above your entry when in a Buy position, and below when you are in a Sell position. The exact position varies among traders.

Market orders. these are trade place instantly at prevailing market price. and its immediate. its important to consider the spread before placing the trade. always look out for tight spread when placing market orders.

These are trade usually placed at resistance levels. A level at which price is anticipated to react and move in the opposite direction. These are sometimes called pending orders and once prices reaches that order level, the order is executed automatically with all predefined parameters.

These are trade usually placed at support levels. A level at which price is anticipated to react and move in the opposite direction. These are sometimes called pending orders and once prices reaches that order level, the order is executed automatically with all predefined parameters.

These are buy limit orders placed above the current / prevailing price. This approach is usually used when trading breakout or trend continuation. And once prices reaches that order level, the order is executed automatically with all predefined parameters.

These are sell limit orders placed below the current / prevailing price. This approach is usually used when trading breakout or trend continuation towards the downside. And once prices reaches that order level, the order is executed automatically with all predefined parameters.

After you have determined your entry price, marked your stop loss and take profit, and executed the trade. your job is to wait for the outcome. . The idea is to be right 50% of the time to say the least to be profitable.
When the price move in your favor by taking out the previous high, Be sure th move your stop loss to a break even price level ( few pips above yur entry taking into consideration, your spread and broker commission. This protect you from unexpected slipage in the market especially in times of high impact economic news, interest rates or any effect from fundamental indicators.

What To Do After Placing Your Orders

Stop loss to Breakeven with +8pips in stop loss.

This implies that should the market reverse unexpectedly, the deal will be stopped out with a profit of 8 pips.

Take profit is at 61.4 pips equivalent to 5,300 (Euro)