Forex Trading - How To Master The Art of Timing

[siddesh]

timing means everything, even a martingale system known as a gambling strategy need timing to sharpen the method. without good timing, martingale system will only be a pure gambling, but with timing, it can be more than a strategy, it's a brilliant way to create profit.

[mohamedsaleh]

yes i completely agree with you timing is all about it
you can get your strategy right but your entrance is wrong timing
that was a good way share with us my friend

[selagalas]

It takes a lot of time , efforts and experience to master the art of timings as right timings = right profits , and it does not come easily and a trader needs to spend more time in the markets to gain experience .

Yes, there is no successful traders who have only the knowledge acquired in an instant. Be the ideal trader takes a long time. We must be patient and continue to learn from experience. Bad experience when trading, could be a motivation to improve the quality and performance of trading.

[fxquest]

Timings are very important in trading and little delay may change the scenario even profitable trades may go into losses, or prices may go away of right entry level. Measures that help us master timing would really be of great help.

[Narr]

yeap that't true my friend it's all aboute timing

[Narr]

Trading in the world�s largest and the most liquid financial market is one of the best ways to earn money. Here, if you know how, when, and what to trade, you can be sure that you can earn huge amounts of profit. It is a fact that a lot of people who traded in this financial market became successful and became very rich almost overnight.

As a trader, you would want to grab the opportunity to earn lots of money and of course, start a trading career in Forex. The Forex market, as mentioned before, is the largest and the most liquid financial market in the world. Unlike the stock market and other financial market, Forex has no centralized location as it operates 24 hours a day at different locations around the world. Trades in this financial market are done through an electronic network.

In the past, because of the high financial requirements, Forex was only limited to large multinational corporations and financial institutions, such as banks. However, because of the advancement of the communications technology and also the existence of high speed internet, Forex in the late 90s is now available for everyone who is interested in trading in the Forex market.

The Beginner
Forex trading, for a beginner trader, is simply the buying and selling of different currencies of the world. This may seem simple enough for everyone, but you should also consider that a lot of inexperienced traders and some experienced traders have suffered huge financial losses in Forex.

You should always keep in mind that aside from the fact that Forex can give you a great money-making potential, Forex also has equal risks. Therefore, before you enter this market and trade, you should first consider a few things in order for you be successful in this money making venture.

Trade Currencies
First of all, you have to know how to trade currencies. In Forex trading, all you need is a personal computer with an active internet connection, a funded Forex account and a Forex trading system. There are numerous websites that offer Forex trading. In order to start trading, you have to open and fund an account first with your chosen website. After that, you can now start trading in the most liquid market in the world.

Internet Connection
You need to have a fast internet connection in order to keep up with the updates and price movements and prevent slippages from happening. Another thing you have to consider is that as much as possible, you should register in a Forex website that offer dummy accounts so that you can practice your skills and strategies in Forex trading.

What To Trade
Now that you know how to trade in the Forex market, the next thing you need to know is what to trade. The Forex market involved different currencies from all over the world. It is also traded in forms of currency pairs. Here are the different currency pairs that you should consider trading in the Forex market:

- EUR/USD
- USD/JPY
- GBP/USD
- USD/CHF
- AUD/USD
- USD/CAD
- NZD/USD
- EUR/GBP
- EUR/JPY
- GBP/JPY
- CHF/JPY
- GBP/CHF
- EUR/AUD

These are the most commonly traded currency pairs in the Forex market. It is up to you to determine which currency pair you want to trade depending on market conditions. If you do it right, you can be sure that you can earn a substantial amount of income.

When To Trade
The next and last thing you should consider is when you have to trade in the Forex market. Since the Forex market is open 24 hours a day, you can trade whenever you like. And, since it is the most liquid, you can get out whenever you like. It is just a matter of knowing if the market condition is profitable or if it is falling.

Forex traders are mostly speculators who try to predict which currency is going to increase in value and which currency will decrease in value. Speculators use Forex charts to spot a trend and determine when a particular currency will increase or decrease in value.

Now that you know how to trade in the Forex market, you can now open a funded account and start trading currencies.

Always remember that in all trades done in the financial market, you should also expect to suffer from losses. You should be prepared to deal with it and accept it. This is why you need a substantial amount of money to trade in Forex.