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

[Simo]

i think that it depend on you and your way of trading when you think that this is the right time to place trade or not and this thing must be according to your analysis and your strategy for me i think that the more you think about your trades and order the more you prevent losing your money

[Swayam]

Though it's difficult for the beginners to choose a position to open in FOREX trading, but the INDICATORS may help them to choose one. Gradually after learning the techniques and trends they can plan their strategy in their own and gain profit. So choose a low point to open a trade and then gain profit by closing in higher point.

[100pips]

Comparing charts is th best strategy to know the upcoming tend in the market but as professional and expert traders have already said that we always have to do market analysis like watch some news, pivot point and use ome other tools like indicator to become confirmed that we are not wrong. Before opening position everything has to be cleared to the trader otherwise may be he will open his position on wrong time which leads him to loose his capital in forex trading.

[Ashish]

I think there is no exact point to open position and close position. As the condition of market will always be different so a trader must make analysis of the market before trading. We must read news, look chart pattern, prepare our technical analysis. There is no exact point to open and close position.

We are not talking about the exact position of entering a trade, because its almost very much impossible to enter the accurate trade because sometimes we have to wait for the confirmation of such signals.

Rather we should make the approximate of a perfect trade so that we can enter the market at the correct time, not to fast, nor too slow to get the chance to be with the trend and make such trend as a source of huge profits.

[riddy09]

There's no specific trade to make but we can have our analysis as our basis of our trades. So, the different factors of the market will decide which will make the positions will be good to place. That's why traders should have learn on how they will have use of technical and fundamental analysis to have the trades into the right moment and the right positions. That's only the way for a trader to have know their trades and be meticulous on deciding for each trade.

[TalhaDX]

I think after spending some time in Forex you will get to know that what are the good times to trade. When i trade i see the market charts flow and movements and get an idea. i mostly prefer trading when London market is opening because that time you can earn higher profit.

[Razor1911]

I think after spending some time in Forex you will get to know that what are the good times to trade. When i trade i see the market charts flow and movements and get an idea. i mostly prefer trading when London market is opening because that time you can earn higher profit.

Just by staying in the market? I think we can get the correct time to open the trade or close a trade by analyzing rather than just spending time. A trader needs to analyze the market well so that can be able to get the accurate assumption of all the necessary biases and make decision according to their analyzes.

[Aamir Hussain]

ABSOLUTELY I AGREED WITH YOU MANY NEWBIES ARE CONFUSED AND IF YOU BECOME CONFUSED FOR ONCE IN THIS FIELD YOU CANT BE ABLE TO OPEN YOUR POSITION.AS I ALWAYS SAYS THAT RIGHT DECISION ON RIGHT TIME IS THE KEY TO THE SUCCESS IN THIS FIELD AND NEWBIES SHOULD HAVE TO BE AGGRESSIVE AND SAME TIME BE PATIENCE.

[uchennafx]

To be able to know when to open and close a trading position depends on the strategy you have evaluated and adopted as a trader , those set ups you are looking for when it shows up that is the right time to make a trade , this is because you have already evaluated and found out the links to make money with it.

like me as a price action trader , i look and wait for a candle to close showing me the direction the market is headed and i follow , some candle like pinbar and the likes of it when formed at confluence level is a good sigh to enter or exit a trade for me

[dmharis]

For this you have to analyse the support and resistance properly. To identify the market trend properly you need to follow candlestick analysis. You can trade with some specific sessions like American session, Asian session, European session etc. It depends on currency pair. You can see once the bid and ask price of the day to open a trade successfully. Thus you can be able to make profitable trading.

[bidyut]

For this you have to analyse the support and resistance properly. To identify the market trend properly you need to follow candlestick analysis. You can trade with some specific sessions like American session, Asian session, European session etc. It depends on currency pair. You can see once the bid and ask price of the day to open a trade successfully. Thus you can be able to make profitable trading.

As you've mentioned above we've to look at all aspects to decide whether to open an order or not. We get lots of confusions because market wont' behave properly and only sometimes it goes to a particular direction. If we can't predict the actual trend then in no time we'll lose big amount. So before going to open an order we should follow some indicators like MACD and moving average (for example only). Apart from it support and resistance is very good level to make a position. If we notice that a price is reversing after touching support or resistance then that would be a good level to open an order. But we should wait for few minutes more to confirm the actual trend then only we'll be succeeded.

[seahawks90]

As you've mentioned above we've to look at all aspects to decide whether to open an order or not. We get lots of confusions because market wont' behave properly and only sometimes it goes to a particular direction. If we can't predict the actual trend then in no time we'll lose big amount. So before going to open an order we should follow some indicators like MACD and moving average (for example only). Apart from it support and resistance is very good level to make a position. If we notice that a price is reversing after touching support or resistance then that would be a good level to open an order. But we should wait for few minutes more to confirm the actual trend then only we'll be succeeded.

Not sometimes actually most of the times market doesn't go to the direction which we always think its because we don't do the right analysis and because of only this thing we always have to loose money here, predicting market is not some easy job you always have to bang your head with the market to know everything about it. Indicators always helps in that kind of situations and only few indicators are there which will help us to get the right trend here. Most of the times market touches our SL point and reverse back and at that point it really become very hard for a trader to control himself and its because of analysis.

[hazrat]

This can be little challenging to find out when in order to place an order i are utilizing a number of indicators looing for out your own trend i am placing orders any time my own indicators notifications usually are strong otherwise when i can not place any orders. To realize their own skills from few trades he/she in case go with regard to demo accounts and also practice there intended for the although to obtain a good better result as well as good trading knowledge.

[waseem]

That is too much difficult for the trader in forex trading that is the main point of getting success if you have knowledge about it then your successful trader but without it we can not get success. If you know when we need to open position its mean you have knowledge about market movement and also you have get help from news well.

[gamil]

this question very good because the time of the enter depend on the system which give you right signal to enter ,not all trader have same system but the all differ so we must trust of our indicators and try to understand many systems and many tools to sure from the enter .using complex system will give us clear view about the market and give us right points