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

[Khatoon]

We have to see different things first before placing our order. A trader should try to place hisorder when price breaks any support or resistance completely or when reverses back after hitting it. Also he should look for any upcoming news related to any of the currency in the pair. he main thing that most of us ( newbies) forget is to see the overall trend of the market. SO analysing the market thoroughly is important to avoid big loss.

[fairy]

It is most important that traders must well aware about the opening of positions because when traders know and have knowledge and market information and find out the right trend of Forex market and have all signals that time trader can better know how to open position and which time is more best and save for opening of postion that time trader can earn good money .

[fxscalper]

need to use demo account first for learning and practicing, try to make some position and see the results,
and as my opinion , it is good to use all time frames and no matter for what methods we use for trading, pay attention for the higher TF to get the true trend and pay attention for the smaller to get entry point and also exit point, we do trading based on what we see and read, not with heart or feeling, never guess or bet, or also predict for the market price, do reaction when there is an action in the market,

and for all of them, wait until we see the correction in the market, this is the point for us to start make any decision

[Dejavu]

We must see the market session,if now is london market or new york market we can open position with take profit 30 pips or 50 pips but if now is the session of sydney market which usually has low volatility we must not enter the market with high take profit.To know the volatility of market we can use indicators or we can watch m5,m15 and m30 timeframes.

[leomon]

if you ask me how, it is easy for me to wait for the market is up or down when we are profitable, so the possibility or risk of loss we will shrink, but everyone has their own way of its own, but now we also have to have a strong motivation and also must to believe in ourselves, as much as possible and if you can make a choice or decision that has little risk

[Ashish]

if you ask me how, it is easy for me to wait for the market is up or down when we are profitable, so the possibility or risk of loss we will shrink, but everyone has their own way of its own, but now we also have to have a strong motivation and also must to believe in ourselves, as much as possible and if you can make a choice or decision that has little risk

The shrinking of the chances of loss is actually a matter of trader's confidence and the execution procedure. There is no doubt that most of the analyzing power of the trader and there is the reason why a trader should work with his execution abilities.

To know that when we should trade or not, simply we should analyze the market with our knowledge, make use of the indicators, make the analyst's forecasts, use all the available sources to verify that if the market really going to go the way you want or not and then only should go with your decisions.

[young50]

This question is fantastic,trader can open position when market is low and sell it when market is high. buy low and sell high, if you think that market will move higher the you can buy low, when you know that market will fall you can sell, its possible to sell before buy in forex market, or you can buy first. but buy low and sell higher. this can help to make your money in forex market.

[syed ahsan]

i think is not a easy things for every trader. newbie just first learn about the forex trading and groom our trading skills and then learn about position and open it. so it is not an easy way. and i never open the position but i get a mostly profit in my trade.

[nsawork]

i think is not a easy things for every trader. newbie just first learn about the forex trading and groom our trading skills and then learn about position and open it. so it is not an easy way. and i never open the position but i get a mostly profit in my trade.

NEWBIE traders make a lot of efforts in learning about the Forex markets so that they can stand the loss that will happen and also they are able to make deals which give them income. If there is no INCOME from the trading then they will have no means to do Forex Trading. From what i have seen myself that most of the time we are looking for NEW TRADING IDEAS.

And also we must open our trades when we are CONFIDENT about getting the profits as trading less is always better than trading with loss

[janknoah]

The only way of getting to make a trading decision is based on trading analysis which a trader might have carried out to determine or know the present market conditions at every given time. At the end, if there is any good entry opportunity, you open your trade, but without it, you wait till there is a good opportunity to start trading.

[bidyut]

The only way of getting to make a trading decision is based on trading analysis which a trader might have carried out to determine or know the present market conditions at every given time. At the end, if there is any good entry opportunity, you open your trade, but without it, you wait till there is a good opportunity to start trading.

A Trader shouldn't rush for opening an order when he see a trend moving fast towards a direction. It is not a good idea to take decisions very quickly for opening an order. A trader should open trades only after getting a clear trend. It may take few minutes to several hours to get a clear trend. Price often change its direction according to fundamental news. So we should aware of the fact that during new release time we can get good opportunity to trade. Indicators are also helpful in this regard. Sometimes traders look at price action to decide when to open an order. We should try to understand that indicators only help us to determine at what direction a currency pair price is moving. We can definitely get good time and level if we wait for an indicator to give proper signal. For example we can take help from indicators like, MACD, RSI, Moving Average etc. These are few indicators but very popular to consider for analyzing where to open or close a deal.

[ashvini]

Its not only the most of the new traders who get confused while trading in the forex market even the expert traders should analyse the forex market very well to get the good entry level into the forex market. For new traders it will take some more time to get to this level but its always worth the time spent in the forex trading business.

[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 before we place any buy or sell order first thing is to see the market low and high and if the market is low then we can place short buy position and can take advantage and also if you want you can follow the technical analysis its really good and its follow the market trend then you can be able to make a good amount of profit with it.

[miyu]

lots of things needed to be studied before placing any buy or sell order before we place any order we have to see that the market condition is good or not and if we find this is the right time to place the order then only take the risk do not trade when you are not sure about the market.

[janknoah]

Market analysis is the way of knowing the market situations and conditions. It is also with analysis that you know investors sentiments in the market and decide on the direction to take. There times when even after the analysis, you would decide not to trade or trade. If there are good entry opportunities, you would have every reason to trade, but if none exist, keep off for that moment and come back later.