One of the most difficult skills for Forex how to enter and exit a forex trade to master is entering and exiting trades. The challenge is to do this at the optimum points to maximise your profits.
You might be a familiar with a few different techniques to do this. But for the moment, I would ask you to cast those aside. The purpose of this article is to explain how to enter and exit a trade like a professional. In fact, this is the way I enter and exit trades.
Caveat: Have You Mastered Fundamental Analysis? Before we explore entering and exiting trades, we need to ensure you’re ready to implement this information. Specifically, it’s vital that you have mastered using fundamental analysis to determine price direction. Your first task is to practice using fundamental analysis. Once you can consistently use this methodology to determine future price direction, then come back to this article.