How to know that you have to open your position now or not ????

[seahawks90]

Most of the newbies in this field of forex trading become very confused because they actually don't know that when to open their position in this field, I must suggest them to know the latest trend of the market which is going on or which is going to come in this field and by analyzing the market then can open their position easily.

If you will become confused in this field then its for sure that you can't open your position or can't make some good profit from this field.

So do you traders agree with me that most of the newbies become confused about when and how to open their position in forex market ???

[fairy]

This is not simple for every trader to find the trend about market and proper signals that at which point and what time open trades , but most of time traders must perfer to open postions when market voulme is so high and also this is time traders are able to earn higher profit , i maximum perfer trade when London market opening time because that time can earn higher profit .

[tray]

This is not simple for every trader to find the trend about market and proper signals that at which point and what time open trades , but most of time traders must perfer to open postions when market voulme is so high and also this is time traders are able to earn higher profit , i maximum perfer trade when London market opening time because that time can earn higher profit .

i guess that almost every trader prefer trading in the london market for sure but aside from this I think for the traders to know the right period to open their trade and placed their position that most be through good signal generation when a clear signal is there then the trader can go ahead and placed his order

[mayx181992]

Most of the newbies in this field of forex trading become very confused because they actually don't know that when to open their position in this field, I must suggest them to know the latest trend of the market which is going on or which is going to come in this field and by analyzing the market then can open their position easily.

If you will become confused in this field then its for sure that you can't open your position or can't make some good profit from this field.

So do you traders agree with me that most of the newbies become confused about when and how to open their position in forex market ???

Well you know market change its movement daily so if you are intra day trader then you should have to know that market daily creates it high and low and when you find that market is near the low and there is a chance of increasing from this point then you can place buy order and take advantage of it and do not worry because market gives us many opportunity to make profit.

[seahawks90]

i guess that almost every trader prefer trading in the london market for sure but aside from this I think for the traders to know the right period to open their trade and placed their position that most be through good signal generation when a clear signal is there then the trader can go ahead and placed his order

London market is one of the best market we have in forex trading and at that time most of the traders open their positions its because the london market have some great movement but its also necessary for us to do some good analysis before opening our position before opening our position in this market. I also like singapore market because its also good for me and i always try hard to make some good profit while doing trading in singapore market.

[rrkommoju]

I think this confused position is faced by most of the newbies. In fact, we should have good analyzing skills to predict the trend of forex market. It comes with proper experience only. The general opinion of most of the successful and senior traders is, we should open a deal only when we have good reason to explain. If there is no proper reason to open a certain deal, we should understand that it is not a right position to open a deal.

[Hafiz]

it is very difficult to determine the trading trend in the forex market so you must read about candle stick pattern to get the trend of market. In my opinion what a forex market open or close this is the best time to trade because this time market moves fast and you can get profit easily in short period .I also prefer these time for trading so follow the rule and get profit .

[tindi]

Well if you want to place any buy/sell order then you must have to see the market news if the news come positive then you should have to place a buy order and take advantages of it and if you see the news is negative then place a sell order and make a good profit this is the process of forex trading from which we can make profit.

[bidyut]

It is somehow difficult for a newbie to determine when to open an order. To overcome this he should use any good indicators and also follow news events. It is possible for a newbie to determine the trend and make an order at good level if he looks at long time frame charts. After that he should look at low time frame to make an order. When a trader use indicators there are more chances to get good entry point and also the exit point. Few good indicators like MACD, RSI, Moving average are good for a new traders to learn. These indicators are very easy to understand and a trader can easily decide when to open an order and definitely get good profit. To test his own skills and also to learn from few trades he should go for demo account and practice there for a while to get a better result.

[muralidhar]

This is little difficult to find out when to place an order,I am using some indicators to find out the trend I am placing orders when my indicatorc signals are strong otherwise I can not place any orders.To learn their own skills from few trades he/she should go for demo account and practice there for a while to get a better result and good trading knowledge.

[techboy]

Most newbies in these market dont have the right trading strategy or no specific trading strategy that they trade in discretionary approach causing them to get confused when they are hit by series of many losing trades, it is important that we adapt good mechanical system in our trading to become less emotional and never confused when to open a trade position.

[seahawks90]

Most newbies in these market dont have the right trading strategy or no specific trading strategy that they trade in discretionary approach causing them to get confused when they are hit by series of many losing trades, it is important that we adapt good mechanical system in our trading to become less emotional and never confused when to open a trade position.

Not having a good strategy in forex is the main cause of lossing in the market because proper planning is always necessary in forex and if you don't have good plan then it really become very hard for you to survive in this field, mostly traders always do analysis before opening their position which is a quite good method tho know that when you have top open your position.

[petrelsea70]

its depend on trader trading experience becuase some if trader have trading knwoledge and trading skills then he can knwo that it is the good time for trading or not ,mnots of trader dont like to trade at monday or friday becuase they think market can take move anywhere in these days so they avoid to trade in both days

[yogesh]

Some rely on indicators and so they wait for a buy or sell sigal. Others including me who are range traders wait for the prices to move near support or resistance and open buy trade near support level whlle sell trade near resistance level. So it depend on strategy breakout trader will open buy trade when a resistance is broken while sell trade on breaking a support.

[riddy09]

This will be on our analysis. When our analysis is able to gathered good trading signal based on what we have used strategy or indicator, then we will be able to know when the right time to place the trade. We should not hurry on opening because, there's always chance that our first analysis could be wrong. And we can have also check other analysis of the experts or to have compared our analysis to them.