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Timing is important
Uczestnik z Jul 23, 2020
816 postów
Dec 30, 2020 at 12:40
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.
Uczestnik z Nov 17, 2020
17 postów
Feb 17, 2021 at 04:59
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.
Feb 17, 2021 at 07:28
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
Uczestnik z Nov 17, 2020
17 postów
Feb 18, 2021 at 04:46
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.
Uczestnik z Jul 20, 2020
278 postów
Feb 18, 2021 at 09:24
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.
Uczestnik z Apr 15, 2020
187 postów
Feb 18, 2021 at 09:27
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.
Uczestnik z Dec 28, 2020
167 postów
Feb 19, 2021 at 08:48
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.
Uczestnik z Dec 21, 2020
7 postów
Mar 17, 2021 at 05:28
Yes, timing is very important in forex trading. Traders should be aware of when to enter and exit the market.
Uczestnik z Sep 07, 2020
70 postów
Mar 17, 2021 at 07:41
Sometime right timing can be beneficial to know what you can do in market, but do not be dependent on that.
Uczestnik z Jun 26, 2020
323 postów
Mar 17, 2021 at 08:07
generally we the traders choose our time according to our experience , i
always avoid news trading due to lack of fundamental knowledge.
always avoid news trading due to lack of fundamental knowledge.
Uczestnik z Jan 06, 2021
10 postów
Apr 03, 2021 at 04:18
Yes, an expert trader knows when to enter and exit the market depending upon the conditions. The timing is indeed very important.
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