Enter and exit point

[Markllee30]

In forex market, Enter and exit point are significant for trading, anyone know that’s right time for same or Enter and exit point time ?

 

[eddiej]

It really all depends on what your methods are. Entry points and exit points are extremely influenced by you analysis of the market movement.

 

[UMOFX IB]

Entering and exit point is important to know . When we place any order without knowing market and its trend How can we get benefit from market. Some tools like support , resistance. trading volume and charts help us to know the right position to enter market. With experience we know its important that what is best time to exit from market before changing trend at once.

 

[Markllee30]

No i dont think their any specific time to exit in forex if you are doing good their no question about exit and if you are continue loosing your money the you should trade with help of any expert broker.

 

[jackcm]

If you prefer long-term trading, it is not necessary for you to know about them. But if you are not, they are important because it is all about risk and reward. Bad entry will make risk increase and reward decrease. Exit point are both stop-loss and take-profit.

 

[naninov]

do analysis using many indicators that suit your system trading first, only from analysis we can make decission when to enter and when to exit from market, without analysis it will goes just like gambling

 

[Daisy]

It will depends on your strategy and whether you are a long term trader or a short term trader. A long term trader need to enter at a low price so they can gain profit when it hits higher. so they would not enter at a peak profit point since they would then only go downward in price. If they enter at a low point then they will have some time to go upward. So we are looking at points that will help us yield greater profit.

 

[gkintl]

Entry and exit points determine the outcome of a trade. Most technical analysis is used to identify those points. This is because fundamental analysis will show the primary trend but will not indicate the entry and exit points where as technical analysis do. So, a trend following indicator and a trend strength indicator is used in conjunction with an oscillator to determine the entry and exit points. Most professionals follow this method to avoid entering at extreme levels.

 

[Faal]

Maybe traders select their entry and exit points according to their trading strategy or system, but I select my entry and exit points according to the level of pivot point, Fibo and support/resistance level.

 

[Lee Mark]

I rely on mainly my indicator based trading system, so when I get a new entry point based on this strategy only then I open my new trade position, I also consider exit points based on that strategy.

 

[James007]

Entry and exit of a trade is very important. If youe entry is wrong, you lose money. Same may happen with exit also. But everything depends on your trading strategy and style. There is no simple answer. Your strategy will tell you when to buy and when to sell. Find a strategy that suits you.

 

[lioneld]

In forex market, Enter and exit point are significant for trading, anyone know that’s right time for same or Enter and exit point time ?

Yes, it’s very much crucial but when you have good knowledge on the support & resistant level; then you’ll be able to set your SL & TP so smartly.

 

[Alicia Lynch]

Depending on the strategy you are using, where you will enter, and where you will exit. But if you want to trade profitably, you have to follow the right strategy.

 

[Mark Dahl]

Traders need a proper trading plan including entry and exit condition of trades in forex trading.

 

[Darragh Bell]

Trailing stops are a very collaborative part of risk control. Using trailing stops can save you a lot of losses. Many people trade by following this strategy.

 

[Alexander Hudson]

Trading is not a casino. Here it is possible to set stop loss and profit level. If you want to earn 2% per month, then trading is possible. If you work according to the plan, the chances of loss are less. If a trader works according to the rules, then one day he will get success from trading. But money management and risk management have to be maintained.

 

[Eduardo Lucchese]

Broker plays a very important role in forex trading. Broker is the medium through which we can do trading online. To select a good broker we have to find a regulated and licensed broker. Low spreads and low transaction cost is also important.

 

[Gito Dinev]

Market open 24 hours. But not all time is not suitable for trading. Find the right time to trade.

 

[Gito Dinev]

You should not trade multiple pairs altogether because it will work as a bar to the way of market analysis.

 

[LouBega88]

The clean purpose of market analysis is to find out the right entry and exit point of trades where many traders are failure.