How to prevent whipsaw and enter a safe trade in Forex?

Question

I use simple moving averages lines to determine an entry and exit but there are bunch of whipsaw in it. I wonder if there is a safe entry which could reduce the chances of whipsaw from happening. Thank you.

Answer 1

Whipsaws occur because pair groupings are not moving in synch. For example the GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP are mixed indicating no collective strength or weakness in the GBP across the board. This morning the USD strengthened across the board and pips were much easier, just check the USD/CHF, not too to tough.

This is the tool I use for entry verification.

http://www.theforexheatmap.com/

and it tells me what pair to trade without the whipsaws.

Good Trading

Mark M

Answer 2

Forex trading-http://tradingsforex.info/

Answer 3

Its part of the trading game......in any market.

Whipsaws comes in a time of consolidating price movements, so pretty much any "system" out there will give there entry signals only to have it reverse because price cannot choose a direction. All indicators lag because they are just a calculation of prices from the past from a set period that the user sets.

There is really know way to beat it. The most successful traders live by sound MM skills that get them through these times. So in other words. You keep these whipsaw losses small and wait for the big move which will take out all of your losses. You also have to get the mindset that you dont take from the market what you want but rather take what it will give you.

Answer 4

Hi....

Apart from moving average you should make use of relative index and support/resistance lines for smoother trades. These would help you in making your strategy mentioned here more reliable and accurate.

Make use of trailing stop for whipsaws. Placing a trailing stop order means that as the market rises, the stop will follow the trend, setting itself higher than the trader's initial investment. This exclusive tool guarantees that the trader will always keep a position higher than the original, thus fixing his profits and restricting his losses automatically.  I am trading with Finexo and thus using this technique for covering whipsaws

Answer 5

Being a successful Forex trader takes a lot of training. Being properly trained in Forex trading is the most important aspect of the Forex market. With Forex training comes profit. Investing in Forex training is great as Forex trading has many benefits and rewards.

With proper trading techniques it can increase your profit no matter what your level of Forex trading. Training with Forex every day or adding more sets may lead to slightly greater gains,  but they might not always pay off and could be a waste of your extra time and effort. To prevent this Forex training is available in various online course, with advanced trading workshops and even one on one training with gurus.  Training is essential in everything that we do in life. Forex training is essential as it can be the difference between success and failure. Proper Forex training is what separates the gurus of Forex trading and the armatures.

What is great about Forex training is despite your location it is accessible to anyone with an internet connection. Online methods of forex training are rapidly becoming popular due to their flexibility that it offers to the user. To become a guru in Forex trading then training is necessary. The gurus all advise that Forex training is necessary for all new users to ensure that success and profit will be guaranteed. By taking some time to learn proper Forex trading then you can become an expert in the trading field.

Forex is not hard at all , and with the proper guidance anyone can make cash in their spare time. Gurus in Forex trading caution who you learn from. As if you acquire improper Forex training to avoid losing money.

Jordan Mcnight only a part time Forex Trader who has started earning major profit in his spare time after starting with forex trading. To find out more information on how he beat the system check out the link below.

http://forex.yourreviewhub.com