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<p><br>Choosing the best market entry strategy for trading forex is one of the most important things a trader must consider when entering a trade. There are many different ways to trade the forex market, but they all fall into two main categories: trend trading and counter-trend trading. In general, it is best to trade in the direction of the current trend. However, there are times when counter-trend trades can be very profitable. If you are looking to enter a trade, you should always determine which type of market you will be trading in before making any decisions about how to …</p>
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<p id="isPasted">For me personally, trend trading is one of the best strategies when I trade. I will go into this in more detail further below, but first let’s talk about trends in general.</p><p>Simply put, a trend is the direction or movement of price over a period of time. It can be up, down or sideways (no real direction). A trend trader will try to benefit from these movements by entering trades in the same direction as the overall trend for instances where the market moves in their favour.</p><p>You may have heard of the saying “the trend is your friend” …</p>
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<p id="isPasted">Swing or momentum trading</p><p>"Swing trading" is a method of entering an investment position with the goal of holding it for a longer period than is considered "day trading." Although swing traders may hold their positions for hours or even weeks, they typically target price movements in the 4-hour time frame. Swing traders tend to have a longer-term outlook on the markets and often use technical analysis to identify potential price trends. The biggest advantage of this strategy is that it allows you to take advantage of certain market opportunities without needing to watch the market every second. If you're …</p>
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<p><br>It’s dependent on what your requirements are, intraday trades or longer term positions that evolve over a period of weeks to months allowing for lot size and capital at risk with regards to your exposure and profit target. Knowing when it’s time to close the trade or allow it to continue as it’s performing well for you will be key in making that decision.</p>
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<p id="isPasted">Study the Daily then the 8 hour and 4 hour to determine movements and get a sense of the trend based on those before proceeding so you are able to see where the currency is headed and then select your trade accordingly.</p><p>You can have a long position that is building your profit while catching profit if there is a reversal from the point of entry but primarily you will want to stay with the trend on the whole.</p>
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