Know what kind of trader you are

This is the first and foremost important rule of all.I say this to anyone who is new to the market dont learn about spreads or charts before you make up your mind about WHAT kind of trader you are.There are alot of different kinds of traders but you will have to sit down and decide what kind of trader you are to even start planning what your guidelines and trading methods are.So begin by asking yourself this few simple questions.

Do you trade on the news ??
Do you look at charts ??
Do you go on a gut feeling ??
Do you intend to hold a position for a long or short time ??
Do you follow the trend ??
Do you look out for trend changes ??
What kind of chart time frame are you looking at ??

I don't have the answers for all this only you do.There are people that trade the news base on reports.Others look at charts to plan entry and exit.Some don't mind holding positions open for months while others like to scalp.Once you have established what kind of trader you are then things will start falling into place to how you trade and how aggressive you are willing to go for the profit.