Improve When is the right time to take a forex trade?
,Good morning
Today let's take a look at when you enter into a trade. All professional traders have their own way of timing a trade entry, either by using indicators or signals. But all successful traders have a set of rules they follow every time when entering a trade. If you take a little time and study today's chart, you will see lots of lines I have added, and the candle patterns have been removed by moving average lines. This pattern clearly shows 3 key rules.
1. When not to trade: This is in between parallel white lines.
2. When to start a trade This is when red and blue break out of white
.3. When to take your profit This is when you can insert a parallel blue line that cuts two red and two blue.
To summarise,
on this chart there is not enough movement to take a trade, so hit the follow button and get updated charts showing hot trades in real time.
check out this bargain i just found
