Saturday, May 12, 2007

How to make perfect entry point on Forex

If you find out that you make trades to early and before price starts moving in your direction the stop loss is already hit. The source of this problem is you are probably using to big timeframe. Don’t get me wrong on this one it is not that you need to change it, but you need to focus more on last candles, you are to concentrated on overall picture.


Anyway if you find yourself doing such trades then do not worry, this is easy to handle I had the same issue when I started trading.


Let’s break it down.


First of all your chart interpretations are ok. You make good trades but to early. So next time try this simple strategy.


After selection of new trade, find smaller trend in opposite direction and wait for reversal, when you will be sure that smaller trend is reversed make your trade. Sure you will loose some pips by getting late in to trend, but trust me there is no better point of entering the trade.


But what is the trend reversal confirmation?


Basically it is when you have more evidences that trend is reversed I won’t talk more about it now because this is covered in my other article, besides you probably have some techniques to determine trend reversal on Forex.

20 comments:

Vancouver Freedomrocks forex system said...

Thanks for you information. I am a newbie in forex trading so it will be difficult for me to find a perfect entry point. Fortunlately, i found out how to have a good trade even thought i am newbie in forex. Please visit the website www.thesimpletrade.com
it show you how to buy low and sell high. I made a lot of money last month by using this system.

fxtraders65 said...

Forex is the best way on the web to make money easy I advise you try a practice account first but after a month or so trust yourself and your eye ball techincal analysis aint your friend the eyball is better!!

robinkipson said...

I have been trade the demo account for a three month and I have learn a lot the only thing that I am having problem with cant get it consistent. So, I don’t know how to look for entry and exit singles can someone please help me out.

Forex Entry

Jhon jhon said...

Learn What is margin?

Blogger said...

eToro is the #1 forex trading platform for newbie and professional traders.

Digital Equity said...

To make perfect entry on Forex we should understand when the market is retracing and when the market is trending. We should always enter on retrace so that we get more favorable trading RR. Now a days a big obstacle is proper charting which most brokers fail to provide for which understanding the market behavior and acting on it is quite difficult. So for proper chart and trading facility i support and suggest lxmarkets.com. So far in my trading career they are the best broker i have ever traded with. Simply a 7 star broker indeed.

Rahim Sterling said...

As a forex trader we know, for us, how much important trade entries. Because we know this can be determining our success or failure. It can make or break your month in the market. Also exit is equal valuable for forex trader. That why order in limit, so, you can get better price. This can give you the power to get into a trade choosing of your price. With the help of ECNCAPITAL my entry and exits are perfect.

Md Torikul said...

Forex trading is not so easy task for a trader. A trader has to analyze Forex market for this I mean to get a good signal. Trade12 where I am trading with provide signal on daily basis. I enjoy their signal and most of the time I profit from their signal. The maximum leverage that an investor can get by trading with Trade12 is up to 1:400. However, before trading with a leverage, a trader must first consider all the possible risks involved while trading with a high leverage ratio.It is also helpful for me.

shahriar mahmud said...

As we know trade entries are very important in determining whether you succeed or fail as a trader. A good trade entry can make or break your month in the forex market. No amount of successful analysis will be useful if we can’t determine good trigger points for our trades. My broker trade24 make my trading way very easy. I made lot of money with their all kind of supports.

Mustakin Raja said...

Much appreciation to you for this enchanting writhing. I would expect more articles from you. I do love Options trading. I incline toward lxmarkets as one of the best options broker and i trade with them and never at whatever point found any issues with the trading and in like way withdrawal. I perceive that its stunning broker. I am light to trade with such a standard broker with lively payout.

Md Torikul said...

We need to analyze market accurately to have a good signal from here. And for this we need to learn how to analyze market and have to waste our time in learning it. I am a trader of Trade12 having high leverage facility like 1:400, low spread, initial deposit, quick execution, no dealing desk and reqoutes problems available and having a smooth platform with clear candlesticks. They take low spread in most of their pairs. They have a high security level and use various bank accounts to provide security to their client’s fund.

Phil Horne said...

Forex does not allow people to get rich quick, to rich here in this field you need to do a lot of hard work and spend enough time to learn about forex and forex market. You can have the best learning academy if you join TryMarkets. They organized web based learning academy for novice forex trader and they gather all kind of information about forex, made education materials for their clients.

Md Torikul said...

Gaining from Forex is not that much hard to a trader that a trader has to sacrifice a lot of things. But he has to move within a structural way. He should have a proper trading strategy and way by which he can run his trading properly. Cool mind is needed and he should not have any intention of taking revenge on market. A pure analysis is needed to get a proper entry point. Trade12 always helps me through providing different strategies and motivating me.

David law said...

Nice information you shared . I would like to thank you for the efforts you have made in writing this post. Thanks again & Keep it up.
Saar Pilosof

Blogger said...

QUANTUM BINARY SIGNALS

Get professional trading signals delivered to your cell phone every day.

Start following our signals right now and make up to 270% per day.

alitergalen said...

FXB has successfully developed its online trading business by investing in professional expertise to provide a unique trading service.

Forex Signals Trader said...

USA Forex Signal is one of the best forex trading signals and predicts provider website in the world. From the arrival, it is taking steps improved put-on, facility's and preserve rather than new rivals. USA Forex Signal has a largest and professional analyst team to generate in organization signals and forecast to subscribers. USA Forex Signal is providing supper setting support for subscribers to their highest amalgamation of trading. We give sprightly upon major currency EUR/USD, GBP/USD, USD/JPY, USD/CHF as soon as admittance price and exit signals in real time (1or 2/3 mature daily) along with daily & evening forecast. Only USA Forex Signal has faster forex signals relief for subscribers, It will be obsession log-in our website as a paid registered members. We provided our bolster as soon as the guarantee of profit +1200 pips per month. Our risk doling out formulas and philosophy are key to increasing get the bond of and avoid loss. It should be controlled emotion and utilize proper maintenance perspective of view.
USA Forex Signal is serving signals more in addition to 200 countries in the world behind its good relatives. USA Forex Signal has the funds for signals via email, SMS, and website too.
You Visit For accurate forex signals and honest forex signals Service by USA Forex Signal.

Trader Jonson Gilbard said...

Hot Forex Signal Service.
Hot Forex Signal is the best world winning forex signals service providers.
Hot Forex Signal Provide forex signals and trade copier service. Hot Forex Signal Also Provide accurate forex signals, free forex trading signals daily, live forex signals without registration, honest forex signals, reliable forex signals, buy forex signals, forex free signals buy sell, best forex trade copier, and so more service.
Hot Forex Signal Package List Below.
Trial
$ 21.1 for 7 days
Professional
$ 68.5 for 1 month
Most Popular Trade Copier
$ 395.60 for 3 months
Ultimate
$ 179.30 for 3 months
Visit For More Information: hotforexsignal.com

Unknown said...

We have a wide range of Live and Demo trading accounts for you to choose from. Our range of Live trading accounts include Cent, Basic, Standard, VIP and Exclusive account-types.

zoha khan said...

Let me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending market, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a system can be profitable for several months and you would be happy with it. BUT...

PREPARE FOR THE WORST...

Market change over time. A well designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex system recognizes the trend.

PROBLEM: FALSE "STRONG TREND" INDICATION.

The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and make a profit. It looks like a "strong trend", but what usually happens next is a hard fall.

To avoid falling into this trap, check for the SOLUTION to find a REAL trend:

==> http://www.forextrendy.com?vgcvasdiugf9g87346

SECOND PROBLEM: TREND RELIABILITY

Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job. The problem comes with the question: "Is the market trending NOW?" Whether the market is trending or not trending is not like black and white. The correct question is: "How well the market is trending?"

And here we have something called TREND RELIABILITY.

Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. "Forex Trendy" is a software solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart:

==> http://www.forextrendy.com?vgcvasdiugf9g87346