Timing of entry and exit is very important especially for short term trader. Sometimes a 5 min late you can miss a very good entry. If it's not timely you may need to widen your stop loss. Also sometimes you need to close the trade timely.
Yes timing is very important. We need to enter and exit a trade at the right time. Otherwise it's difficult to get profit. But for that one doesn't need to sit all the time before charts. If you are skilled enough you know when to look charts.
Yes, timing is very important. A trader can either make or break at these points. But you don’t need to sit before the chart for the right time, practice on demo and make yourself skilled enough to know the perfect timings.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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