Forex Trading Strategy – Finding The Best Entry and Exit Points

Hey guys, I’m back with another video to help you in answering questions regarding your Forex Trading Strategy. In this particular video I will explain how to find the the best entry and exit points.

To be honest, if there is one thing in trading that I wonder the most, it is how to define the perfect entry. The reason for this is that you can never really predict where the price is going to move from and where to it is heading.

What I do is I break the trade in two parts. First one is predicting which way the pair is going. For that I use fundamentals. For example, we can predict that USD/CAD is going up because we know that in the long-term USD/CAD is going up. When we know which way we want to trade we can determine, roughly, how far the trade is going to go. In this way, we get a very good structural framework to trade from. Obviously, the next part is to decide where to get in. However, as long as you know what fundamentals support the long trade and you have at least a rough idea of where it is heading the specific entry point is not that important. On the other hand, it is important if you want to limit your risk and place the stop losses etc. How do I do it? I simply use levels of support and resistance to get in. My levels are as simple as double zero levels. For instance, 1.2400, 1.2300 and so on.

Thanks for watching and I will be back soon with more videos answering your guys questions and helping you to develop your own Forex Trading Strategy.

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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