Timing your trade

[FXOpen Trader]

Earnings in forex trading sometimes depend on time. Good market timing gives you the best entry and exit points. This is important because you will make more profit during peak hours as there are more potential trading opportunities.

We will have to understand the importance of being our trading at the correct timings.

 

[Bahiya Shinam]

Authenticity of broker is the most demanded thing for traders because it helps traders feel secure. Most of the scam brokers stay in disguise leaving it hard to choose a broker. A regulated broker is always secure for traders and I recommend traders to choose ECN brokers.

 

[EloisDavis]

Yes, I too agree that a beginner should time his trading for maximum chances of making profits. The best time for a beginner trader is during the crossover times of the New York and London exchanges.

 

[Monsoon]

First of all, check your availability and then, which market session would suit you. Once you decide a time to trade, don’t make any changes if you wish to grow. Build your plan as per the market and your affordability and stick to it.

 

[EyeCandy]

You won’t really know about the right timing of trades until you make a few ill-timed trades. But never trade without stops because small losses will keep you from reestablishing your positions in every market condition and give more chances of getting better.

 

[Hamarchy]

Trading timings mostly depend on the currency pair and the liquidity, volatility and the spreads it offers. Also identifying the potential and right spot for entering any trade is really important.

 

[The trader]

common mistake actually will happen for all time and we are not able to cme out completely. this is real

 

[Holism]

Timing your trade can be a little frustrating to figure out in the beginning, but once you get familiar with the market sentiment and analyse the market in a way which matches your goal, it’s easier to make moves.

 

[Hoyism]

First of all, check your availability and then, which market session would suit you. Once you decide a time to trade, don’t make any changes if you wish to grow. Build your plan as per the market and your affordability and stick to it.

I totally agree! It is important to check the compatibility of the currency pair with the timing of the market. For example, if the traders wish to trade EUR/USD, trading in the Tokyo session would be a waste. It is better to trade EUR/USD when the London and New York sessions overlap. It is the perfect timing to trade this pair as during this session the pair offers good liquidity.

 

[Pentapolis]

It is important to understand the factors involved in market changes in order to be able to set the perfect time frame according to your strategy. Entering and exiting a trade can be quite stressful. Learning and understanding technical and fundamental analysis will help in this regard.

 

[Nayek Pichai]

But, to start nicely, try to select a regulated trading broker. The broker must be highly secure as it works as custody of traders’ fund.

 

[LouBega88]

Sometimes the market is stuck in a range and tends to breakout from either side. So, make the best use of this strategy.

 

[SaadBinToha]

Over-trading reduces the equity of traders and as a result traders lose their money gradually. Then increasing the equity further becomes tough for a trader.

 

[Karley Walker]

You will find many sites showing the trades by expert traders but I never suggest newbies to copy them. Traders should try themselves to analyze the market.

 

[Feticide]

Talking about sentiment, a good part that most traders forget to take under consideration when placing their trades is sentimental analysis. Sentimental analysis is observing how the majority of traders in the market tend to react to a certain news, or price change. This will help you to go in the right direction in case you do not know how a certain situation will affect the market. It prevents possible loss when trading.