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Thread: Forex Trading is all about a Good Entry

  1. #1
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    Post Forex Trading is all about a Good Entry

    From my trading experience, I have learnt that biggest success in Forex Trading comes through an Excellent Entry. For an instant example, I lost my capital three times just for wrong entries. Next, I waited for three weeks just to get an exclusive entry and by that, I persistently made profit for seven weeks. In fact that was my entry to success in Forex.

    Learning something has a responsibility of sharing. So, here I will explain the pros and cons of a good entry in brief-

    How to get that expected Entry
    If you are a short time trader, preferably H1 and H4, you must use Trend Lines in various ways to be confirmed of the end of a trend or generation of a new trend. Using D1 time frame in this regard will certainly give you extra facility and assurance. Always be watchful about declining trends. Declining trends indicates that market will get a big break out to upside or downside. Applying previous highest high and lowest low helps you measure the declination of trend. After being confirm of a new Trend, get your entry. I know Entry found with hard work and passion never betrays!

    What a Perfect Entry will give you

    By grabbing a perfect entry you can easily get a long trade and long trade means big profit. That’s not all. If you can get your entry at the beginning of a new trend, you can double your profit by doing swing trade following the trend. Since you are doing counter trade without closing your opening trade, your equity will remain same and meanwhile you can search for another opportunity in another currency.

    What a Wrong Entry will cost you

    Wrong Entry always costs you a lot. For example, a trader opened a Buy Trade and soon found it wrong and closed it with a big loss and opened another Sell Trade. By the time he realized the previous trade to be wrong and opened new trade, the market has already started reversing! Again loss. It is an evil fact that once you are trapped with a Wrong Entry, it will not leave you without doing harm to your capital as much as possible.

    For that, both good and bad entry continues for a longer period. I can confirm you that people who are making profit continuously are never crazy for trading. They don’t come to platform to open a trade, rather they come and stay at platform to find a good opportunity. Remember, Forex trading is never a gambling that you will bid and luckily become a millionaire overnight! It’s all about finding opportunity. No Opportunity, No Trade. Always have unlimited patience because “Fruit of Patience is always the Sweetest”!

    Best of Luck to all of you Guys.

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  2. #11
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    Quote Originally Posted by simisola View Post
    Getting a very good entry is the first and most important aspect of knowing about how to trade Forex, if you can enter the market correctly, you would have solved half the problem that you are supposed to encounter in the Forex market, when we trade, patience is required because we need to confirm that our trades will do well before we can enter, a wrong entry is already a sign that we will not earn from that trade, mostly because we did not prepared adequately.
    You will not get a good entry when you analysis method isn't strong enough. Because with a good strategy to start with , then comes to a good analysis and then waiting for that good entry, which I also do have to say that it depends on how much knowledge and experience the trader must have undergo to have the skills it takes to seek out higher probability trades.

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  3. #12
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    Trader must plan his entry before make an actual entry in market there are different type of risk we have faced here and a good risk is that which we plan before entry so if a trader make a better trade plan so that is helpful for choice a good entry and exit from market and with simple efforts we do make good plan always for profits .

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  4. #13
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    You should know that forex is a good business and the business can be done correctly if the trader gets to learn a trading strategy first and for all. When there is a good trading strategy, then the trader gets to have the basic trading skills to being profitable. Good entry comes when the trader knows about the trading strategy that they are making use of. Good entry is a result of good analysis made.

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  5. #14
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    Thats exactly right, the perfect entry point is when and where the market makes it good or bad for you, sometimes you enter early say on a sell and the market does move up up only when a reversal is to happen misses your trading position with just a number of points so in these case if the entry point was perfect it would have made it easy for you to scope something for you, there is a lot to which you can do when trading forex, but it can always never work if your entry time and position is wrong, say you want to take on a trend, take it at the right time, not early nor late, be on time , so I agree, time is the most important thing in trading , with other being int he same category.

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  6. #15
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    This is a very important factor in our trade decision , because if our entry on right time so our trading is going to be successful we always have to make solid trade plan by learning in market we have positive way in trading we have to use our trading techniques beneficially to formed a good and minimum risky trade .

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  7. #16
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    Forex is all about you being a trader, that means you having a trading strategy that you are making use of, when you have that trading strategy that you are making use of, you then could follow simple discipline approach. You will be able to trade with strong analysis and then follow the market price as you suppose to have done, that is how the trader gets to have good entry point and skills.

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  8. #17
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    The first thing we need to learn is having a simple trading strategy, if we are been able to have that simple trading strategy then every other thing will be easier for us. A good entry isn't that hard for a trader that has a strategy that they understand and keep the rules to. Analysis is the appropriate way of getting a good stronger entry to trade on.

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  9. #18
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    A good entry point and a good exit point are very important in a good trading strategy, A good entry point should always be near a support or resistance level. So if the price attempt to go against your direction, The support or resistance level will likely prevent the price from breaking through. And also, a good exit point should be a take profit at the nearest resistance or support level that can stop the price.

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    Always have realistic DREAMS!

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    A good entry says so much about our trade and this entry comes with our very knowledge about this market which is needed for trading. If we can maintain a reliable trading and take on the steps to build a stronger means of trade, we will always have all the chance to succeed in forex. Having a perfect entry gives you the opportunity of been in the market when it's important as it gives you an edge in setting good take profits and having a better exit with stop loss.

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  11. #20
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    two points become the key for traders to make forex trading is profitable. and they are entry point and also exit point and this about strong analysis where we really need good timing to set it. then we can maximize earning deal by deal or at least minimize the risks.
    sometimes we feel easier to enter the market but hard to make decision to exit from the market and especially when the order is still running with floating minus but we see the price has been moving against the position. and for this. traders really need good skill to analyze the market and have strong mental to accept all results whether in loses or winning

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