How to enter a trade?

Hi,

I am new to forex and almost about to finish the excellent notes on this site. I have also been trading using my practicing account and have made and lost a couple of trades. I have used indicators like EMAs, RSI and MACD on a 15 minute chart trading GBP/USD only and sometimes they work and sometimes don’t.

However, before I hit the live account I would like to know how do you enter a trade? I know the 15 mins route isn’t going to last me long : )

Thanks!

When to exit is far more important.

Ways to enter a trade are numerous, each trader chooses a way that suits them.

Finding a strategy or an edge that gives you enough confidence to trade it can take some time, I’d put the real account on hold for a while and build up basic trading skills in demo.

To trade well you have to feel at ease with your trading platform, be aware of how your currencies behave and have some proof that you can make your plan work to an acceptable level. That takes time.