Ok as a new trader i have made a lot of losses reason being i go in when the trend is ending or i exit when it is late. Is there some kind of tool that can help me to go in at the right time at the right time and exit at the right time
Hello cjackson31 and welcome to the BabyPips.com community! Probably the first thing you should learn is that trading is a world of probabilities… meaning there’s no such thing as certainties or “the right time.” We’ll never have enough or perfect information, which is the reason why traders are essentially “risk managers” first and foremost. When you understand that losing traders are a part of the game and your job is to reduce risk and maximize reward, then you’ll hopefully see the things you need to work on to improve everyday. Hope this helps bud and good luck!