How You Judge Whether Your Forex Entry Timing is Right ?

I would assume many people will try to do scalping in your forex trade. Scalping here means, take small profit over and over again. Normally it happens in a ranging market or moving sideways.

After getting a series of winning trade or you scalp for a long time, as a human we tend to trade per our ego. Our entry rules might be relaxed and the forex signal not yet fully confirmed, we will jump into the trade.

and that’s what happen to me …

I reviewed some of the trades in my account and found that if I am applying the right strategy, my swap fee will be ZERO.

However, you see if I am paying the swipe fee, meaning I am holding it overnight or for certain duration. If my timing is right, I would have exit almost instantly when I enter the trade.

There are 2 trades which I do not follow the rule exactly, ran into trouble. I am having -30 to -40 pips losses in open trade. I could have lose more …

However, having a good forex strategies to model, you can still close the trade in profit. Lucky huh ?