What are the key considerations for identifying entry and exit points in Forex trading?
Hoping you got it right.
2 Likes
Years and years of study
Well put 
The specifics so depend on your plan and trading style. All I can say is many overemphasise entry conditions and neglect the exit conditions.
For entering point, for me, the most important element is breaking out of a trend line.
1 Like
financial instrument, strategy type, direction, time frame, market condition
1 Like
Key considerations include understanding trends, support and resistance levels, and using technical indicators like moving averages or the Relative Strength Index (RSI). Also, it’s super important to have a trading plan and stick to it. And remember, practice makes perfect!
This is not a have to as I believe, but it can be a good idea to confirm.
1 Like
Of course, yes. Just using indicators is not enough on its own. The entire previous message I sent might be sufficient.
1 Like