FOREX Trading Strategy - The Secret of Timing

FOREX Trading Strategy - The Secret of Timing

Once you have identified trading opportunity, next step is to decide exactly when to buy - and that is where many traders go wrong.

Here we explain how to better involve market timing into your FOREX Trading strategy - so that you can make bigger profits.

Most traders time their entry levels incorrectly, so here is the right way to do it:

Using Support and Resistance Correctly

The basic wisdom of market timing is "buy low, sell high" - well, the reality is, if you try this in forex trading, you ended up losing money. First, define what it means to support and resistance

A support level is the FOREX Trading historical price merchants come and buy the "support the market" - and has been tested many times more true for support will be.

In contrast, the FOREX Trading resistance level is the level of the charts that "resistance prices ranging from higher" - again more times tested, the more important it becomes.

Why Buy Low and Sell High is not working

"Buy low, sell high" is accepted wisdom by the majority of traders - but this logic is fundamentally flawed - use in forex trading, and you're asking for trouble. Why? - If you wait to withdraw, you will miss some of the biggest moves.

Think about it - what if a currency starts to trend and withdrawal? (How often have you seen this?) If you wait for the withdrawal that never comes, never get in on trade - and will miss a great opportunity.

You should not feel uncomfortable

When trading the FOREX Trading market, usually to be uncomfortable (and that is why most traders do not make these trades) - as no one wants to buy or sell at market started trending - but it will make money.

Fact is, the more comfortable you feel when entering a trade support, the lower the probability of trade will be a big winner.

During any given year, most of the big moves in currencies, held by the new market competition with NO withdrawal.

If you base your FOREX Trading strategy around waiting for a warm comfortable entry into the key support, you're going to miss the biggest and most profitable trades - so step away from losing the majority of traders.

Your FOREX trading strategy should give you a different way of thinking - most traders "buy low and sell high" - so should "buy high and sell high" - that should be doing the opposite of what audiences do.

Do not worry - most traders lose money, and their FOREX trading strategy is based on faulty logic we have just discussed - so do not do what they do makes total sense. Therefore, look for breakouts through support and resistance - and sell and buy respectively.

Her Mentally tough - but it makes money!

Sure, it's hard to do - most do not agree with you - and nobody wants to go against the majority. However, it's the right thing to do to make your FOREX trading success. Think about what we say, and you'll see what makes logical sense.

Has this happened to you?

How many times traders buying in FOREX Trading support, and the market breaks support, stops them out and continues to decline. On the other hand, another common scenario is never price support - it simply goes higher - and the trader misses the chance to fight the trend.

This type of FOREX Trading is mentally tough - that's why 90% of retailers do not do it - they want to be comfortable - being comfortable is great, but you will lose money.

Breakouts work, and if you use in your FOREX trading strategy, would not be comfortable for entry - but will they make money - and that will more than compensate.

The way to succeed in forex trading is to do what losing majority do not do - then you can join the elite 10% of traders who make big profits - try it and see!