you should consider it as well if the price makes a trend continuation pattern in lower time frame then you should consider it this is how you should read price action so once you have the Confluence of all these factors then you should enter the trade then there will be a chance of winning trade
We must try to see the market first when we ready to enter in the market. Your question is very right in time that how we enter in the market, in my view we must try to understand the movement of the market and also we should see the support and resistance first then set our money management. We must always try to understand the movement of the market and set our trading loss according to our account balance and the money which we want to afford to lose here.
There so many indicators that can help each trader to decide the correct entry point. This indicators are dependent on the expertise in how well the user can reach them. Mere looking at the chat is not sufficient as the formation is not always the final but the indicators will tell the strength or the level of the trend the market is having. this will go a long way to decide if it is a good entry point or not.
Yes you're right that everything should be bring in consideration while doing trade. We should have eyes on everything and never neglect anything. We avoid many small things offenly which cost us after. So to avoid any mishappening it is necessary to consider everything.
Patience is very important in forex trading. We must not jius rush in the trade just because we certain set up .We must consider other things .We should know that some.patterns can change and form another pattern will form dramatically. We need to be very careful in entering the market
Getting into the market, shouldn't be that difficult, except if we make it difficult for ourselves as trader, while skipping the demo aspect of trading, to trade in the market I believe we have to start by having a good trading strategy, this will prompt us, on when to enter a Trade and when to exit a trade.
So The best way to get good techniques, is when we learn, learning is a major factor.
Yes you should consider it as well if the price makes a trend continuation.he want to work the most commonly used time frame is 1 hours candle.trading plan or trading strategy.it get update from economic calendar no down the news schedule.we know completely about market.if he have no experience so the real thing.
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