Where to Place the Right Entry Point?

The entry position is an important and very influential point in determining the final result in forex trading. That is, if the trader enters the entry position with precision, then it will determine the trader's trading results in the long term. With the right entry, it will form a good risk reward.

In general, entry is considered an easy thing to do. But in practice, not many traders can do it well and efficiently, so that means that the trading results that traders do can achieve large profits. Here's where to place the proper entry point:

Trend

The first important thing for traders to do to get the most appropriate entry opportunity is to use the trend follower method. So as a trader must observe the direction of the strength of the trend that is happening. If there is an entry when market conditions are trending strongly, this could be very profitable for traders. This is because one way to get the maximum profit is to trade during strong trending conditions.

Consolidation

Consolidation is a term used in technical analysis, both forex and stocks, to describe periods of flatness. During consolidation, price movements did not seem to change much. You could say, the market takes a break before continuing the trend. Unfortunately, this condition is often realized too late. The impact of this consolidation can cause loss because the volatility is very low, making profit is difficult. When prices in the market are consolidating, experienced market participants usually re-evaluate and set strategies to deal with the next price movement.

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