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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. #21
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    All trader need good planing for entry and exit from market because these are directly linked to the decision making if we take right decision on right time so these will give trader big profit in the way but if we make a wrong choice so all we face hurdles in finding the best trade system to make profitable trade plan .

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  3. #22
    Trader cutiekc's Avatar
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    There are really so much more that we need to become a good trader and also a profitable trader other than just good entry, it is one of it, but then, we need other things so as we can have the basic of what it takes to become a good trader who can make analysis and then have good entry to take trades on.

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    Registered user simpleman's Avatar
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    entry point is really matter in trading, trading with wrong entry level would make trader to loose , and sometime make trader to have low profits, trader should do more work to get the knowledge of good entry point for successful trading.

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  5. #24
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    yes if we make good entry we can earn and can exit at any time after achieving target but if we are greedy and we behave like greedy to earn more profit we hold position for long then it can come to loss also. so we should get good entry point but with that define exit as well, if entry is important then exit is also compulsory and we can make good profit just with using of both

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  6. #25
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    Good entry is very important in Forex trading,once your trading is bad you are already chasing the market which is not good enough for us,what we need to do is to make sure that all time frames are taken into consideration before we pull the trigger that way the draw down is very minimal and saves us a lot of stress.

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  7. #26
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    we can say that if a trader have enough knowledge to enter into the market with strong analysis than you should earn a good profit from this risky market and achieve what you want so it is all depend on the trade that how he takes starts in this risky market because we know that when we enter into the market our main work is to try best exit from the market by taking right decision.

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  8. #27
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    A good entry will make all the difference for traders, sometimes we chase a trade that has long moved, but that is not the right approach to this market, wait for another great opportunity if for some reason you were unable to enter the first time, one thing about the market is that, we will always get several opportunities to trade, don't lose money from one trade.

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  9. #28
    Registered user maryrosi's Avatar
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    Quote Originally Posted by Ehis View Post
    A good entry will make all the difference for traders, sometimes we chase a trade that has long moved, but that is not the right approach to this market, wait for another great opportunity if for some reason you were unable to enter the first time, one thing about the market is that, we will always get several opportunities to trade, don't lose money from one trade.
    yes, the opportunity in the market is only once, so we must make the best use of it, many traders experience large losses, all because they do not take advantage of good opportunities, they only use bad opportunities, but all are done repeatedly we are successful in trading, so take advantage of good opportunities in trading as well as possible, we might not understand that this is a good opportunity or not, but if we do it with discipline, then we will get the opportunity.

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  10. #29
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    When we miss a good entry, we should just forget about the Forex market because that is just automatically a means whereby losses will be rampant in our trading, you cannot trade without understanding where to enter, the moment one entry is missed, you are forbidden to pursue the market unnecessarily, Forex takes lots of patience.

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  11. #30
    Rookie Sascha's Avatar
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    Quote Originally Posted by maryrosi View Post
    yes, the opportunity in the market is only once, so we must make the best use of it, many traders experience large losses, all because they do not take advantage of good opportunities, they only use bad opportunities, but all are done repeatedly we are successful in trading, so take advantage of good opportunities in trading as well as possible, we might not understand that this is a good opportunity or not, but if we do it with discipline, then we will get the opportunity.
    fortunately, there are lots of opportunity we can find in this business and market will show it somehow, sooner or later. we only need to stay sharp and continue to make regular analysis until we spot new moments to trade. remember that finding entry point is good, but calculating the way out is also important to do to maximize our earning. our trading would be messy when we can precisely enter in market but got no experience for our exit, we'll get small profits.

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