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.
Tiffany07 posted: Certainly it is. Its about matter of seconds, not even in minutes. One has to understand the importance of entering or exiting a trade at the right time, else they'll lose various opportunities.
Identifying trend and finding best time to entry and exit from trades is essential for profitable trading strategy.
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