Timing is important

In order to set goals and make the right choice, of course, you need confidence and a certain practice, and if at the initial stage this does not happen, you do not need to be afraid, but practice and achieve results.

ElliotCooke posted:
Yes. Good timing is very essential. You have to maintain the timing of trading perfectly. Otherwise you can face a great loss.

Yes, time is an important key factor which cannot be ignored

I think the timing is very important in forex trading. It can make or break your trades.

How much time you spend and how reasonably the result of your trade and the achievement of your success will depend.

When trading, focus on improving your timing. You must also try to develop your own strategies.

The right timing is essential in forex trading. A trader must know when to enter the market as well as when to exit.

Jamespaul posted:
When trading, focus on improving your timing. You must also try to develop your own strategies.

I also agree with you. Practice in demo account until you fully master it.

As a matter of fact- yes!
It is really hard to imagine trading separated from time. Right entry and exit time gives us a better scope to maximize our profits.

Totally! Forex is all about the right timings. There can be a huge difference in your earnings depending on the time you enter/exit a trade

Joz8 posted:
Totally! Forex is all about the right timings. There can be a huge difference in your earnings depending on the time you enter/exit a trade

Absolutely agree with you and I believe that one thing traders find most difficult about trading is timing. Also, since this is the only variable that influences the profit or loss position, the trader tends to feel the emotional turbulence that could affect the decision.

So when we talk about the entry and exit timings, how do you measure these? I have been facing a lot of difficulty in making the right judgment. Please help.

layerchazard posted:
So when we talk about the entry and exit timings, how do you measure these? I have been facing a lot of difficulty in making the right judgment. Please help.

There are so many way to find the right measure, you can use various indicator to see whether the prices reflect to the chart or not. Using stop loss is very good idea, also you can use scaling exit timing strategy. You can read more there: https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp

layerchazard posted:
So when we talk about the entry and exit timings, how do you measure these? I have been facing a lot of difficulty in making the right judgment. Please help.

I usually follow a technical analysis approach for entering the forex market. This includes the price charts and platforms like Metatrader, which your broker (Fxview, IG, FXCM, etc) can introduce you to. These can be used to access the movement of the currency in the past and also how it’ll act in the future. The best part about software like these is that you can easily look into a pattern of the price movements to select an entry point. Also you have a series of execution tools that can help you specify when the trade will be closing. Say for example a stop-loss that helps the trader to mention a point where the position will close in case they’re making a loss. This means even if you’re not online to exit manually, the tool can do the part for you. You can set your maximum loss level in advance and the emotion aspect is left behind.

Yes, the correct entry and exit into a trade is important and that is where many traders face issues.

Discipline cannot be maintained without a trading plan. Every trader has a plan according to which he participates in trading. It is never possible to trade without a plan. Forex trading is a combination of many strategies, and if that combination is not completed through a plan, it is not possible to make a profit.

Michihito posted:
Good timing is essential for a decent entry and exit from trading. In the event that you can make a correct passage at perfect time it will give you great benefit. The inverse is additionally valid. Closing a trade at correct time is likewise imperative. If you're timing isn't right you will wind up losing your money.

Here in forex, good timing generally means carefully entering and exiting your trade. Technical analysis helps to ascertain the entry and exit levels.

Yes timing is very important, you need to practice a lot on demo to find the correct timing of entry and exit trade. Also do technical analysis, practice and develop a strong strategy.

I believe that one should keep doing continued research of the market so that he can analyse when to and when not to trade.

Demo is easy because it has no risks and it can be operated without any investment.