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Timing is important

layerchazard
Feb 17 at 07:08
15 posts
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.

ddarko3
Feb 17 at 07:28
55 posts
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

deborahbennett
Feb 18 at 04:46
23 posts
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.

Zipp7
Feb 18 at 08:03
9 posts
Yes, the correct entry and exit into a trade is important and that is where many traders face issues.

ElliotCooke
Feb 18 at 09:24
341 posts
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.

ele020 (ele020)
Feb 18 at 09:27
212 posts
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.

The more your practice, the more you learn.
Sarjohn (Sarjohn)
Feb 19 at 08:48
166 posts
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.

KnowFinance
Feb 23 at 11:47
80 posts
I believe that one should keep doing continued research of the market so that he can analyse when to and when not to trade.

DanielGlaus
Feb 23 at 12:07
26 posts
Demo is easy because it has no risks and it can be operated without any investment.

tiahsherman
Mar 17 at 05:28
15 posts
Yes, timing is very important in forex trading. Traders should be aware of when to enter and exit the market.

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