{"id":9361,"date":"2018-07-26T11:28:42","date_gmt":"2018-07-26T10:28:42","guid":{"rendered":"http:\/\/www.wasteyourtime.co\/?p=1656"},"modified":"2019-09-06T12:32:25","modified_gmt":"2019-09-06T11:32:25","slug":"entry-trading-strategies-that-make-it-easier-forex-trading","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/","title":{"rendered":"Entry Trading Strategies That Make It Easier &#8211; Forex Trading"},"content":{"rendered":"<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">2 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1579\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/Justforex-e1532599715437.png\" alt=\"\" width=\"700\" height=\"187\" \/><br \/>\n<b><i><\/i><\/b><\/p>\n<p>Entry trading strategies<i><\/i><i> can be very complex but simple too.<\/i><b><i> Forex traders<\/i><\/b><span style=\"font-weight: 400;\"> have many activities working against them, and among them, the biggest enemy is &#8211; traders themselves. Basic mistakes, lack of planning and weak or ineffective strategies, are the major cause of high forex failure rates.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/#One_of_the_traders_mistakes_is_entry_trading_strategies_complexity\" >One of the trader&#8217;s mistakes is entry trading strategies complexity.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/#The_second_enemy_in_your_entry_trading_strategies_can_be_the_timeframe\" >The second enemy in your entry trading strategies can be the timeframe.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/#But_maybe_the_slower_timeframe_better_suits_you\" >But maybe the slower timeframe better suits you.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/#One_of_the_most_important_aspects_of_any_trade_is_its_size\" >One of the most important aspects of any trade is its size.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/#Sizing_control_is_a_fantastic_attribute_of_the_Forex_market\" >Sizing control is a fantastic attribute of the Forex market.<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"One_of_the_traders_mistakes_is_entry_trading_strategies_complexity\"><\/span><strong>One of the trader&#8217;s mistakes is entry trading strategies complexity.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b><i>The best entry strategies are those that are simply designed and simple to perform.<\/i><\/b><span style=\"font-weight: 400;\"> The biggest enemy of effective trading is complexity. You should never identify complexity with quality. If you think the more moving parts in a strategy can give you the greater chances of profit, you are totally wrong.<\/span><\/p>\n<p><b><i>For example,<\/i><\/b><span style=\"font-weight: 400;\"> you have an entry signal that has a 10 point checklist to trigger. And you want to apply that in live trading on a minute chart.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> What are the chances that you can keep track of all 10 checklist criteria?<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> I<\/span><span style=\"font-weight: 400;\">f you can&#8217;t identify that trade in real time, you will gonna miss it. <\/span><\/p>\n<p><b><i>And it will cost you money. <\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">What this means is, <\/span><b><i>complex strategies lead you to missed trades<\/i><\/b><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your forex entries will be more effective if you keep them simple. Stay stick to this wisdom and you will be able to create a durable forex strategy.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_second_enemy_in_your_entry_trading_strategies_can_be_the_timeframe\"><\/span><strong>The second enemy in your entry trading strategies can be the timeframe.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1657 alignright\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/entry-trading-strategies-that-make-it-easier-forex-trading-e1532599967372.png\" alt=\"Entry Trading Strategies That Make It Easier - Forex Trading\" width=\"350\" height=\"215\" \/><br \/>\n<span style=\"font-weight: 400;\">Jumping from timeframe to timeframe in order to find the perfect one is not the most effective way. Also, many traders choose the first one that grabs their attention &#8211; wrong too. Forex time intervals are a personal choice connected with trader&#8217;s character, personality, and nature.<\/span><\/p>\n<p><b><i>If you are impatient<\/i><\/b><span style=\"font-weight: 400;\"> you would like to see your\u00a0trade spread rather soon than later. And you wouldn&#8217;t wait for trades that take a long time. That means that faster timeframes suit you better. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But <\/span><b><i>faster timeframes <\/i><\/b><span style=\"font-weight: 400;\">also <\/span><b><i>means<\/i><\/b><span style=\"font-weight: 400;\"> you have to stay <\/span><b><i>more engaged <\/i><\/b><span style=\"font-weight: 400;\">so you don\u2019t miss key setups. And be careful, every extra second is a chance to do something emotional, like move a stop or take profits too early. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The faster the timeframe, the less chance for mischief.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"But_maybe_the_slower_timeframe_better_suits_you\"><\/span><b>But maybe the slower timeframe better suits you<\/b><span style=\"font-weight: 400;\">. <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Maybe you enjoy to plan and manage the <a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/05\/stock-trading-beginners\/\">trade with less furious tempo<\/a>. Slower timeframes give you time to think. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">That can be a great advantage if you like having time to analyze. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Especially if you want to put on more than one trade at the same time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Slower timeframes may give you more time to manage trades and perform them well. With <\/span><b><i>longer time frames<\/i><\/b><span style=\"font-weight: 400;\">, you have <\/span><b><i>more spare time<\/i><\/b><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><i>No timeframe will ever be perfect.<\/i><\/p>\n<p><span style=\"font-weight: 400;\"> If you choose well, it can be a good match for your trading style. And most importantly, you\u2019ll have taken a step towards your own Forex strategy.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"One_of_the_most_important_aspects_of_any_trade_is_its_size\"><\/span><b>One of the most important aspects of any trade is its size<\/b><span style=\"font-weight: 400;\">. <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This represents the amount of money in initial size and in total risk. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">General truth in trading is to keep your risk small and constant.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Where is the point if you win on 3 trades making $400 each and if the fourth one loses $5000. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Forex is the market with the greatest ability to sizing <a href=\"http:\/\/traders-paradise.com\/category\/warning-post\">money risk<\/a>. But only if you plan ahead. If you want to risk $1000, make sure you size your position to risk $1000. Don\u2019t try to sensate your way into a trade. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Decide up front the maximum it will cost if it goes against you.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Sizing_control_is_a_fantastic_attribute_of_the_Forex_market\"><\/span><b>Sizing control is a fantastic attribute of the Forex market.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">But this attribute can be a benefit if used in the right way. \u00a0<a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/05\/creating-strategy-forex-trading\/\">You have to plan ahead<\/a> to cap your risk at the right level. If you do this right, your Forex entries will be more in good shape.<\/span><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1659 alignleft\" src=\"http:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/entry-trading-strategies-that-make-it-easier-forex-trading-2-e1532600242402.jpg\" alt=\"Entry Trading Strategies That Make It Easier - Forex Trading 1\" width=\"350\" height=\"184\" \/><br \/>\n<span style=\"font-weight: 400;\">And start with fixed outcomes. A fixed outcome is a pre-set plan for how you will exit a trade and usually it comes in as stop limit or profit taking the\u00a0order. A fixed outcome is a pre-set plan for how you will exit a trade and usually it comes in as stop limit or profit taking the\u00a0order.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fixed outcome will reduce the risk of changing your mind and moving the stop to take on more risk, your profit aim will be set and you can relax without wondering when to take profits. It\u2019s a good habit in case something drags you away from your screens. Your trade can function without you right from the start. Fix your outcomes in order to cut down impulsiveness in your trading.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Forex strategies can be a great deal simpler and more effective than many traders make them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/04\/trading-forex-weekend-gaps\/\">If you have not yet mastered a trading method<\/a>, you will not be able to get good entries into the market. Thus, the first step is taking some time to get proper training in an effective trading strategy. Find some good one!<\/span><\/p>\n<p><b>And good luck!<\/b><\/p>\n<p><a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\/\"><strong>Risk Disclosure (read carefully!)<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2 min read Entry trading strategies can be very complex but simple too. Forex traders have many activities working against them, and among them, the biggest enemy is &#8211; traders themselves. Basic mistakes, lack of planning and weak or ineffective strategies, are the major cause of high forex failure rates. One of the trader&#8217;s mistakes [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1014,1012],"tags":[331,125,332,333,104],"class_list":["post-9361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex","category-traders-secrets","tag-entry-trading-strategy","tag-forex","tag-sizing-control","tag-timeframe","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Entry Trading Strategies That Make It Easier - Forex Trading - Traders-Paradise<\/title>\n<meta name=\"description\" content=\"The best entry trading strategies that are simply designed and simple to perform.\u00a0Complex strategies lead you to missed trades.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entry Trading Strategies That Make It Easier - Forex Trading - Traders-Paradise\" \/>\n<meta property=\"og:description\" content=\"The best entry trading strategies that are simply designed and simple to perform.\u00a0Complex strategies lead you to missed trades.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/\" \/>\n<meta property=\"og:site_name\" content=\"Traders-Paradise\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradersParadisecom\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-26T10:28:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-06T11:32:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1059\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Traders_Paradis\" \/>\n<meta name=\"twitter:site\" content=\"@Traders_Paradis\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/entry-trading-strategies-that-make-it-easier-forex-trading\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/traders-paradise.com\/magazine\/#\/schema\/person\/ce94bb3c5a52307ca7be58f0e7b93ffe\"},\"headline\":\"Entry Trading Strategies That Make It Easier &#8211; 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