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

[OnlyGainer]

I think if we can wait enough, then we must find such opportunity, and we also can take the proper decisions at that time. But if we do hurry opening position, then soon we may find that my placing was in wrong place. Waiting patiently is very important as I have experienced it. Many a times I have patience, and that gave me very bigger profit in result. But when I did hurry, most of the time it gave me losses.

[sekiryutei]

I think if we can wait enough, then we must find such opportunity, and we also can take the proper decisions at that time. But if we do hurry opening position, then soon we may find that my placing was in wrong place. Waiting patiently is very important as I have experienced it. Many a times I have patience, and that gave me very bigger profit in result. But when I did hurry, most of the time it gave me losses.

Waiting for the right opportunity isn't a bad move. Sometimes i'm waiting for the right time to enter the market first because i know the real movement of the market. But please realize that sometimes the market is being manipulated and manipulation will most likely only last for a few minutes. if you quess the wrong trade or enter at a wrong position you will lost very big.

[featurelion]

I think if we can wait enough, then we must find such opportunity, and we also can take the proper decisions at that time. But if we do hurry opening position, then soon we may find that my placing was in wrong place. Waiting patiently is very important as I have experienced it. Many a times I have patience, and that gave me very bigger profit in result. But when I did hurry, most of the time it gave me losses.

Yes dear you are right, we should wait for a better result, we should have the quality of patience because it is very important for us. A trader who have patience will definitely earns more and more money in this market because he always looking for a better trade, but unfortunately many traders dont have patience , they want to trade quickly, they dont learn well so these traders use more risk and confuse in deciding the trade.

[Phoenix_2013]

This question is as silly as it can get. I mean "how to know when to open your position?" What kind of question is this? But for the sake of the discussion I'd say you should follow the steps dictated in your trading strategy. Every trading strategy have rules for entry and exit point. Some trading strategies have exit point defined, some others only have loose exit point, some others even encourage a discreet exit consideration.

So, enter and exit according to your trading strategy. This will help your trading account to last longer.

[martyn]

to find out when we can open the exact position that we can study the patterns of market movement. ifwe continue to study the pattern of market movements, normally we wouldknow when it will open an order, we'll even know when it will close theorder.

[sunny]

Dear in my point of view it was depended on trader market analysis if you have good knowledge about forex market then you will automatically know that which time is perfect for open trade and you will earn definitely lotsof money from forex market it was depended trader knowledge and proper experience

[mariorac19]

from my opinion i think that the only time that you have to enter to the operation is the time exacte in witch you get the signal , not a low but a hight signal , and for that you have to use a different indicators or look for a strategy that allow you to take a pips , and then the time of out will depend of your greed level and you objectif and i prefer to take from 5 to 10 pips and leave

[nsawork]

This question is as silly as it can get. I mean "how to know when to open your position?" What kind of question is this? But for the sake of the discussion I'd say you should follow the steps dictated in your trading strategy. Every trading strategy have rules for entry and exit point. Some trading strategies have exit point defined, some others only have loose exit point, some others even encourage a discreet exit consideration.

So, enter and exit according to your trading strategy. This will help your trading account to last longer.

The main thing is that we have to DECIDE on which trades will be good for us and which trades we have to remain away so that we can control our losses and make good profits from Forex trading. The importance of being in the Good trades and being away from the bad trades cannot be ruled out.

Have you ever though that why did i get into this trade and that this is not what i must be doing. This kind of FEELING in the Trade is enough a reason for you to pull out as soon as possible to avoid more losses.

And with the UNCERTAIN Market conditions we have no option but to use a Wait and See approach and look for the Real market directions so that can get into those trades when they come

[Akshay]

before you open your trade you have to first analyse the trend of the market.If you are working with the technical analysis then you have to keep eye on the support and the resistances.If any one of it is break out by the market you can open your position but at the same time you have to detect if its a false breakout or not.

[rookie001]

You don't know it and you don't try to figure it out when it is happening right in front of your eyes. But your strategy ... whatever it is ... tells you. If you are trading with indicators ... they will signal you or meet some conditions that you have set for basing your conclusions. Or if you trade naked ... the price itself would indicate. However, I prefer not going for the hard techniques ... the more you make it difficult the lesser your chances for survival. Forex is difficult already as it is ... so better take assistance from some tools that could take some burden off your brains.