WAYS TO IMPROVE YOUR FOREX TRANSACTION ENTRIES
Forex trading has many realities that need to be accepted. Forex trading is all about probabilities and all we are trying to do is to stack the probability of success in our favour. Therefore expect failures as the price of trading the Forex market and focus on those aspects that you have found to work.
- Be aware of as many ways to enter the Forex trading market as you can\
- Back trade as many of these methods finding examples of such trades in historic charts.
- From back trading start finding entry techniques that you find particularly attractive.
- Back trade these more intensively
- Demo trade the techniques
- If demo trading is successful trade live
- Combine successful entry techniques to form a strategy.
- Always test and retest entry strategies.
- Test both the Breakout and Bounce trading philosophies
- Chose between the breakout or bounce approach on a daily or permanent basis.
- Confirm you entries using many Entry confirmation signal – the more you can find the strong your entry will be. See the example below
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