Forex Trading is all about a Good Entry - Page 30
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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. #291
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    Getting ready to make a good entry can be the best thing for any trader to wait for in forex. There is no need to be in a rush only for you to make a bad entry which increases your risk to loose your trade. Know why you should manage your risk and realize the need to have a plan to succeed in forex. A good entry can help in all aspect and would surely bring about the advantage for us to see we can progress and have a good trade to sure gain from.

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  3. #292
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    Quote Originally Posted by stanlon View Post
    Yes with the good entry we can make good consistent profit from the market, but without the right knowledge and experience about the market to find this good entry will be very difficult for us, so the first thing is for us to try a d acquire the right trading experience and knowledge this will help us to develop a good strategy that we can use to analyze the market accurately.
    No doubt with this way if we we enter in the market at the right time and also exit the trade at the right signals then there will be lot of opportunities to get higher earning skills so we need to know about it and through the trading experience and our good knowledge will make our trade too secured and very powerful for earning .

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  4. #293
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    There is actually no exception, good entry is necessary, it should never be negotiable, once we have not gotten an entry that we can judge as good, the best option at that moment is to have the self control to leave the charts rather than forcing ourselves to trade which might in turn cause price problems, many of us don't have the understanding and experience of what it actually entails to have a good entry.

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  5. #294
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    With the best entry we can always grow and find ourselves have everything it would take for us to succeed and win enough with forex. This is why a system should be developed because when we create a good system it will help us know the best time to make the best entry and see we can actualize the goals we have always wanted. A good entry is certain if we must make profits and such entry will bring up means to also minimize risk.

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  6. #295
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    I cannot but agree that Forex trading is all about a good entry, I cannot tell you how many accounts that I have lost because I did not understand how important the good entry means, we will alway keep losing our account if we are not conscious about trading when we have a very good timing, it changes everything we know about this market, it cannot be taken for granted by any serious trader.

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  7. #296
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    Good entry in the market takes good practice, good learning and then you being disciplined. Taking trades has a lot connection with the trader being serious and also not being impatient with the market. You need a strategy to start with, because that is what that will give you the signals that will be needed for you to take your trades. Taking good entries is what you get to develop.

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  8. #297
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    In Forex trading your entry is as good as your trade,with a bad entry the possibility of winning that trade will be very slim compare to a trader with good entry,some times the signals is good but the entry is bad and as a result sometimes stop loss are hit and the trader i wondering why,the entry was bad.

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  9. #298
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    One of the best way we can have a good entry into the forex market is to make sure that we are never in a hurry to enter into the market . Having or spotting a good entry in the forex market is never a cheap thing, you have to take your time and do some serious analysis about the market , knowing the direction of the trend , and knowing the right position to join the trend of the market ,. This does not come easy as you have to put up a lot of work and patience most time.

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  10. #299
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    Good entry point and good timing are very important to earn money in forex market and traders should be patient in waiting for good entry point. Trading in a hurry can cause mistakes always because timing can be bad and entry point not so good. Patientce is very important for forex traders and they have not to rush to open orders.

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  11. #300
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    A trader who can find a good entry has already spend time to learn and understand how to trade forex perfectly well because we all no without a good knowledge and experience it will not be easy for us to study and no the next market movement, it's when we are very good in our analysis that's when we can find a good entry in the chart.

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