XM Trading: Forex traders have to wait entry timing

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Forex traders have the impression that they are always looking at the charts, but if you always look at the charts, it can look like every phase is an opportunity, which is a dangerous sign. It’s not always an opportunity, waiting is also work.

A job that waits

There are countless jobs in the world. There are various industries such as finance, insurance, IT, medical care, distribution, and manufacturing, and there are various occupations, but there is no occupation where waiting is work. However, there is a content of “waiting” in the duties of FX, virtual currency, and stock traders. In the case of salaried workers, if they wait all day without doing any work, they will be fired. Waiting tends to give the impression of being lazy, but waiting does not mean being lazy.

impatient trader

On the contrary, there are traders who cannot wait. This tends to lead to spotty disease. There are traders who are always connected to the market and are always looking at charts, and this can only be poisonous. If you have a poppy disease, you will not be able to make a profit, and you will often fall into a negative balance. You can say that you are a real trader only if you compete with your favorite chart pattern.

No active movement

Some traders don’t like the passive style. Many of these types are impatient and impatient, but if you trade with an active style, you will lose a lot of trades and you will not be able to make a profit over time. The reality is that the market does not always win. The reality is that there are many cases where beginner traders misunderstand this meaning.

waiting is the meaning of work

So why should traders wait? And what’s the point of waiting? how to explain it

Superior entry opportunity

The meaning of waiting for traders means that they are waiting for an entry opportunity with a high advantage. What is superiority is the point where you can get a price range if you place an order here. To put it more simply, the most important thing for a trader is to aim for the reversal point from buying to selling and from selling to buying. In other words, if you enter anything for the time being, the balance will definitely be negative.

nice chart pattern

Traders employ a variety of strategies including short, long and scalping. Among them, there should be chart patterns that traders are good at. For this point the trader must always wait. With experience, traders learn different chart patterns, find similar shapes, and learn to predict the next move. The timing when you find a good chart pattern will be the biggest chance.

entry timing

One of the meanings that traders are waiting for is entry timing. If you get this timing wrong, your profit margin will be greatly reduced. The only thing a trader can control in the market is entry timing. We always have to wait until this timing is right. Entering in other phases will be a place where you are likely to lose.

impatient trader

Traders who can’t wait are inexperienced and underskilled traders. Traders who can’t wait don’t know exactly where to trade. That’s why I put the position properly. In this case, start by stepping on the number of times and learning various chart patterns. It’s better to think that it’s practice until you know the position you should start.

XM is recommended

XM was originally known as a forex company with too wide spreads. But this was only recently. Now there is an account type called KIWAMI account. The spread is very narrow and very suitable for trading. Therefore, this account type is highly recommended. Especially for those who trade in pounds, it is recommended because the spread is extremely narrow.

KIWAMIStandardZero
USDJPY0.7pips1.6pips1.1pips
EURUSD0.7pips1.7pips1.1pips
GBPUSD0.7pips2.1pips1.2pips
AUDUSD0.9pips1.8pips1.4pips

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