How do you know when to buy and sell in the FOREX market?

Question

it seems everytime i enter the market, whether a buy or sell position the market takes off in the other direction... why is that? how do you know when to buy and when to sell?

Answer 1

We need to know how you trade. What indicators do you use? When do you buy or sell? How do you know it's time to open or close a position? Which time frame do you trade?

If we do not know the answers to these questions, then the answers that you are going to get from us may not point you in the right direction.

Not knowing how you trade, you will get answers like this--buy on strength, sell on weakness; or if this indicator does this while that indicator is doing that and price is doing this, then you buy or sell. These wouldn't make sense to you.

I would like to help you with this. Feel free to contact me through either my profile or my website http://jsforex.blogspot.com and we'll find out together how we can improve your trading.

Good luck!

- Jim

Answer 2

Forex trading-http://tradingsforex.info/

Answer 3

You buy or sell. near support or resistance in the direction of the trend. The trend is your friend. How much experience do you have. you seem to need help. e-mail me directly if ya want

Answer 4

I would suggest using stop losses or take profit.Most trading platforms have them built in.If the trade is going your way use a trailing stop to lock in profits.Volumn and news effect the trend so keep a close eye on the trend with a 15 minute chart or longer.