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

[meeco]

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 ???

i think that determination of the proper time to open position is a problem that face a lot of traders especially the new traders that are still not good in analysis of the market and still have little experience,so it is preferable for the trader that can not be able to trade in proper positions is to look for a good strategy that can help him to know when to trade

[featurelion]

yes most of the newbies do become confused that when to enter into a new trading position and this confusion is due to their lack of trading knowledge, skills and experience. forex traders should open new position after they succeed in determining the current trend of forex market by means of doing both the technical and fundamental analysis.

yes dear you are right, newbies becomes confuse in deciding that when to do trade when to not because they dont have forex knowledge and that is why they doing loss. They also did not put stop loss in trading. These sort of traders must understand the forex trading and should do practice to understand the forex business.

[nsawork]

i think that determination of the proper time to open position is a problem that face a lot of traders especially the new traders that are still not good in analysis of the market and still have little experience,so it is preferable for the trader that can not be able to trade in proper positions is to look for a good strategy that can help him to know when to trade

Being able to determine the CORRECT TIME for our trades is as much important as it is to choose correct currency pairs and trades. If we are not good at our Market timings then our INCOME LEVELS will get affected and the profits that we will be getting will not meet our own expectations. This is why we have to make an assessment of the current market situation and then only determine which of the trades are good and then wait till we can get the correct prices to trade with.

This kind of Timings in the markets will come to us with some EXPERIENCE as we grow older in the Forex trading business

[andry777]

I think there is no exact rule to know when is the time to open or close position because different trader can be different so it's completely depending on each trader's style of trading and trader's strategy. If you want to open position, so it's important to do it when the position has been calculated and considered its profit possibility and its risk. So, if we have made planning then we won't lose more than we could afford to take.

If you can stay on chart, so you can use SL and TP to limit profit and loss in each transaction and you can use pending order to set open position. So there is no special rule about open position because good timing to open or close position for scalpers would be different with day traders.

[elssayed]

you can get this experience from your practice and your training while the trade and for me i always define my positions depend on the resistance lines and the support lines and also depend on the trend so if you trade with strategy depending on one of these items your experience will increase by the practice and by the time and you will know the right time to open the positions from the right places

[sumonprof]

Technical and fundamental analysis helps us to fix the time of opening position in forex market. So we should do technical and fundamental analysis everyday that will help us to indicate the proper time of opening position in forex market. So we should recharge market before opening any position in forex to ensure profit from that position.

[sakib2k9]

I think it is sometimes may be difficult to understand that will we open position or not and sometimes our indicator also doesn't give correct signal.So,we should analysis weekly,monthly and daily chart to find the future trend.We should also check the technical analysis of expert in the broker house.After that we may take decision whether will we open any position or not.But in the flat market we should not open any position,if we see good trend then we should open order.

[rinaji]

Beginners will be confused in deciding when the right time to open a position in trade, it is usually because beginners do not have a rule in strategy, or do not have a trading plan, or no discipline in rule and plans. Another possibility is beginners do not understand how the strategy works, this is one thing which is common in beginners.

[bbacomsats]

it all depends upon the analysis and the timing of the trader that on which time he feel comfortable of lucky or profitable to trade on as they have their own trading style so different market times suits them such as i open my order when i think that market is stable and he movement will be their but it will not cause me much loss as the movement will be stable and steady and when their is danger of high movement with no trend adjustment than the potions should not be opned

[aditek]

Now on to the fun things. If you capture an excellent popular move, climbing into it is a fantastic business modification to increase your max benefit. Again, just like Chris Parker, with greater compensate, there is potential threat, so there are guidelines to follow to securely add to open place. Let's go over those guidelines.
Rules to securely add to successful positions:

* Pre-determine levels access for extra models.
* cCalculate your threat with the extra models added.
* Pathway stop-loss to keep growing place within comfortable threat factors.

[featurelion]

Its depends on our strategy. Our strategy tells us when to open the trade, when to close the trade and where is suitable stop loss and where is suitable take profit. Every strategy tells us but if we dont have strategy and we trade blindly then we will lost a lot of money in this market. A good strategy should be have with every forex trader.

[Md_shobuj]

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 on proper reason to open a certain deal, we should understand that it is not a right position to open a deal.

[sakkas2]

It is most eventful that traders must comfortably knowledgeable around the entryway of positions because when traders fuck and feature knowledge and activity information and learn out the hand taste of Forex marketplace and jazz all signals that second trader can change screw how to undetermined position and which case is author optimal and forbid for best money .

[petrelsea70]

its depend on trader and his knwoeldge and trading skills which guide us to get know about the position that we cna open it now or not ,but its all depend on experience if trader have good tradign experience then he can understand the market.
so trading experience really matter in tradign and its also increase our knoweldge which we can use to make effective trading analysis about market

[lastnet]

every trader prefer trading in the Forex market for sure but aside from this I think for the traders to know the right period to open their trade 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