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The inconvenient truth about Forex trading. You only make money when you close your Forex trades.
The exit is often described as the most difficult part of Forex trading. The reason for this is that when
an entry is made there is normally an alignment of signals that trigger the entry. Once the entry has
happened this alignment is of very little value as the price heads into the blue. Often totally different
factors determine the exit of a transaction than those used to enter the deal.
The General guide is however that whatever trading method is used to enter deals or determine the
differences between Sell and Buy Zones should be used as the main motivation for exits. A simple
example would be that if you are using a moving average crossover approach to enter deals a
moving average crossover can be used as the exit trigger.
The chart above shows the alignment of no less than 8 sell signals to enter at the trendline violation.
After that, staying in trade would have been very difficult due to the big and continuous
retracements as the price went through the 180 pip trend. How would you have stayed in this deal
and how would you have exited? Hopefully the exit methods presented will help you
As always the eternal question of Forex trading applies. Will the price continue or bounce back. This
question is made all that more difficult due to the fact that there are generally fewer reference
signals you can use in an active deal than the point of entering a deal.
Forex trading moves happen in waves that extend and retrace all the time. This applies to 1 minute
charts right through to the weekly charts. There is always a risk that a simple retracement turns into
a new trend in the other direction.
Is there the possibility of a perfect answer? Is it possible that you can enter and exit a transaction at
exactly a perfect time? Again this is highly unlikely and improbable. Certain channel traders and
support and resistance traders achieve this but it takes incredible skill, patience and luck to get it
perfectly right. Below is an example of a recent successful deal.
So at best we can look at signals that will tell us that the trend is getting exhausted. There are also
events that could confirm the likelihood of the trend to continue. If the trend is motivated by an
unexpected announcement result or the break of a major resistance and support level the trend can
continue more strongly.
The Forex market changes from day to day and news and announcements influence the market
continuously. A market which trends freely one week can be trading sideways in a nervous whipsaw
manner the next. One trading technique will not continuously and consistently work all the time.
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The Forex trading principles coverred in this 2017 Youtube Forex video are good for experienced Forex traders as well as Forex beginners. We focus on Forex for beginners. We can offer the best Forex beginner course in the industry. How to trade Forex is to develop Forex strategies and you will learn Forex trading techniques that work by implementing these Forex systems in a live trading environment. Some of the techniques work well when trading Binary Options too. We have Forex trading clients in New Zealand, Australia, South Africa, England, Singapore, Canada and the United States that trade these Forex techniques in different Forex Time Zones and on different Broker Forex Accounts.