Of course, and this plays a key role not only in direct trading, but also in training in it. And it's also something that allows you to properly distribute your energies and trade only when you're ready to do so emotionally and physically.
100% You must properly assess when you open an order and when it requires serious insurance. In addition, this is important in the analysis, it is the correctly chosen timeframe that allows you to assess the situation most accurately.
It is very important because if you enter a trade and the wrong time then you have more chances of losing that winning, You therefore need to develop the timing skill if you want to be a successful trader. As much as you need to learn about forex you also need to be able to use what you have learn in the real trading now.
If you are not able to time the right time to join a trade then you have very making it in forex trading. there are some skills that all traders and other and timing is one of them. You have to be sure that you enter a trade at the right time for the best results.
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.