What Is The Right Time To Trade?

[⭐ analyst75]

“Trading success depends on your system, your relationship with yourself and your relationships with others. Your feelings drive all of these components. When I first started, I thought it was all about the system. How silly and naïve I was in those days.” – Mike Melissinos

What do you think is the answer to the questions that makes the topic above? There’s no general answer, for it depends on your trading style and approaches. Let’s take some examples.

A scalper looks for opportunity to enter the market in the short-term, and when the opportunity presents itself, the scalper enters the market immediately, taking advantage of short-term market movements. Some swing traders or positions traders have various entry criteria for opening and closing positions. Some enter immediately the entry criteria are met, while some would wait for the market to close or the following day before they enter.

Some traders use pending orders to take advantage of certain price actions and once a pending order is filled, trading begins. Some speculators use fundamental events to enter the market as soon as the entry requirements are met and some use fundamental events to project long-term movements.

As you can see, the right time to trade really depends on your trading style and approaches. Once you enter the market by whatever means or criteria you choose, just make sure that you stick to your trade management rules – plus entry and exit rules. Irrational emotions tempt speculators to go against their rules. While it is difficult to control one’s temper while driving on a busy road, some have learned to control their temper while driving. You can control your emotions while trading and therefore, avoid taking actions that you’ll later regret.

This piece is ended with the quote below:

“Trading success comes from developing for yourself a good, well thought-out trading plan. That’s a plan which is based on your personal needs, strengths, interests, and all of that.” - John Forman

[Rajesh]

If I were know that, and then I would become millionaire by trading. Because, then trading will very simple for me, just trading and making huge money. Just kidding!!. By the way, I do not know the straight answer of your question. But, I try to open my trade in good entry pints by analyzing this Forex market. Actually, my trading strategy is the best represantator of market condition. That’s way, when I mixed my live trading knowledge with this strategy then I get 90% accuracy from it. I am able to trade all Forex currencies, Induces and CFDs with no slippage guarantees from TradingBanks broker. So, Forex business means for me money earning machine.

[Shimul Miya]

In this trading platform we the traders select our trading time according to our trading experience. I am very lucky to select GCI as my trading place where at all times I am able to trade due to having only one pip trading spread. By means of this trading platform I am able to make profit by using any kinds of trading strategy. So, my trading life is very much profitable.

[Guest gaban]

the right time to trade forex is when we're ready to trade. Forex is a business that has a high risk so as to be trading well then we need to have good preparation when trading. or we could try trading with small capital first

[Forhad Reza]

Practically, traders select their trading time according to their trading capability. In my trading career, I have selected mxtrade as my trading platform where I at all times I am getting only one pip trading spread top trade. So, I am able to make profit by using my any kinds of trading strategy. I am also able to trade during news with support of live economic calendar.