Forex Trading is all about a Good Entry - Page 65
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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. #641
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    Forex is a risky business and with a good way to make a profitable strategy we can make the best entry and seek for the best growth. Market can be in trend for weeks if there have been important news and the order is opened the general market direction. A good entry is always important and its sure one of the very ways to see that you end up with profits with such trade.

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  3. #642
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    Good entry is important, but even when we take the good entry the market can still be against us for a long time, if we don't use a good money management we can lose even that good entry, a good money and risk management must be used to support that good entry before it will be profitable for us, trading without money and risk management is too dangerous.

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  4. #643
    Trader Senorita's Avatar
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    It's necessary we realized the need to have a better entry in this market because it's such entry that would give us the possibilities to make a good trade that will however give us the chance to make it in this market. Making a good entry is important in this market and traders who follows this means of trading will always look out for a profitable trade. We must know how to make a better entry and be ready to see that goals are been managed.

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  5. #644
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    This is important for all of us to pay the serious attentions on the basic matters like which time is the good for open the trade and if we pick up the right strategies and use the right time frames with it then the power of earning will surely possible from it so we need the right entry points and exit it at the right time that important for getting success .

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  6. #645
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    Quote Originally Posted by Azeem View Post
    Forex is a risky business and with a good way to make a profitable strategy we can make the best entry and seek for the best growth. Market can be in trend for weeks if there have been important news and the order is opened the general market direction. A good entry is always important and its sure one of the very ways to see that you end up with profits with such trade.
    the key to stay alive and follow market trend correctly is to analyze market in daily basis to find out from market patterns and the rest of our strategies to check if market still has the strength to follow the trend or not. we can see many changes with market patterns and decide it patiently for the solution we want to make with our current trade. good entry is important but to keep our trades open for long time until we achieve excellent trading is more important.

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  7. #646
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    A good traders knows that exit is important because if we leave the profit open position too long, it might just return to become another loss. Using the price action trading methods, seems to be the best when it comes to having a good entry in the market, if the trader can make good use of the price action trading method, then they can so much learn and earn from this business.

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  8. #647
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    When a Forex Trader understand what it takes to ensure that he gets good entries, there are many opportunities that he will never miss to become profitable, the reason we miss good entry is because we are not patience enough or even have the required discipline, hence we alway lose money when we are suppose to be making money for ourselves, that is what we should think about.

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  9. #648
    Trader ola4real's Avatar
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    Quote Originally Posted by BOSST View Post
    Entry is key to Forex trading and that is one thing we must all do if we want to be able to trade very well,if you have a good signal and a bad entry it will still be difficult to win that trade,your entry is very important that is why we must always look at the lower time frame to avoid draw downs and losses.
    I know the good traders will have their solid forex strategy. Without the forex strategies who are so good, traders will get to be losing with it. To trade the forex strategy can be complicated too, the forex traders who gets to trade it needs their time to make their practice who will let the trader know the best ones to choose and how best they can work with it too.

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  10. #649
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    Good entry point is very important in Forex trading,once we have a good entry the chances of winning that trade is high compare to when the entry is bad,bad entry can lead to massive draw down which can even hit our stop loss,what we should do is to always look at the lower time frame for entry.

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  11. #650
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    A good entry is a good one when it comes to this business and its something we should have plans to manage. When we know how to maintain the right trading entry in forex, we will have so much to earn from and we can build better knowledge that gives give us a great trade. If we can follow the plans to manage risk and build a great trade, there is nothing we can't achieve from this business.

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