Knowing the time to buy and sell currencies.

[riddick09]

That's the rule of Forex trading about the buy and sell trades. It's part of a trader to have skills in analyzing the market to have prediction for it's trend to have it consider and decide whether they will place a buy or sell positions in the market. Which then, the better if both fundamental and technical sides will be considered.

 

[Bonyi]

In my opinion, there is no particular time to buy or sell. If you have knowledge of forex you'll always know when to place order because you would have done your analysis and arrive at a conclusion.

 

[gkintl]

The only way to identify the time to buy/sell currency is through technical and fundamental analysis. The basics of fundamental analysis is far more enough as a beginner. On the other hand, a real good knowledge of technical analysis is very much important as it enables a trader to pinpoint entry and exit price. With basic knowledge in fundamental analysis, primary trend can be understood. An in-depth knowledge in fundamental analysis is required only for those who act as medium and long term traders.

 

[Cutiekc]

Well, it also depends on the market situation, at times when the market is bullish then that is the best time to make sells because then, we will sell with profits and when the market is bearish, that is the best time to purchase, But then, the best way to figure out when to make the appropriate order we ought to be good at analyzing the market.

 

[Daisy]

The only way to identify the time to buy/sell currency is through technical and fundamental analysis. The basics of fundamental analysis is far more enough as a beginner. On the other hand, a real good knowledge of technical analysis is very much important as it enables a trader to pinpoint entry and exit price. With basic knowledge in fundamental analysis, primary trend can be understood. An in-depth knowledge in fundamental analysis is required only for those who act as medium and long term traders.

Yes, we have to know what is going on in the market before we buy or sell. For example, right now, the US capital hill is on shutdown, so you might expect a fall in usd so you will want to trade against it rather than going long on it. You will go short on usd and the usd is falling in price recently, weakening against the euro and such. News do matter a lot like central banks news that release interest rate info so we have to watch out before we go long or short on a currency. Scalping will rely on the charts and not what you think cause its such a short time frame. But we must analyze before we buy.

 

[PROPENSITY100]

Well, it also depends on the market situation, at times when the market is bullish then that is the best time to make sells because then, we will sell with profits and when the market is bearish, that is the best time to purchase, But then, the best way to figure out when to make the appropriate order we ought to be good at analyzing the market.

Deciding when to buy or sell is what the task of a trader is. He has to use his knowledge and experience to time the entry and exit in the armekt. Market is really very unpredictable. It is just by experience that you can anticipate about the market moves.

 

[Cutiekc]

Deciding when to buy or sell is what the task of a trader is. He has to use his knowledge and experience to time the entry and exit in the armekt. Market is really very unpredictable. It is just by experience that you can anticipate about the market moves.

Since there are some market time session that are more profitable than the other ones and also there are pairs which are to be traded at a certain market session, so therefore, the time to trade is been determined by the trader and also the market.

 

[riddick09]

No one can be 100% sure of their analysis or prediction. You can only be assume or speculate. Because, the market will still change and therefore, altering it's direction or trend quickly or slowly. Because, there are many trades happened in the market, the news coming and the other factors that has impact in the market, no one can be accurate the right trend.

 

[Decub]

We only aim at 80% accuracy in analysis which I think us still good enough to make you profits and there is no way we can be 100% accurate. Knowing the best time to buy and sell is what makes us a trader that we are because it is dependent on that that profits come in.
Due to news which causes a change in the market, our timing might not be favorable at all times but we can always near that with the help of our technical and fundamental analysis.

 

[barood4money]

It is true that we cannot be accurate all the time. But if you follow the market carefully and take the notes of every week for few months, then you will get the fare knowledge about the ups and downs of the currency pairs.

 

[Decub]

Yes, following the academic calendar though gives you an idea of how the market would be. It helps you make a good a good decision of the best time to enter the market and not necessarily trading every now and then. Little wonder why some traders hardly trade unless on special occasion when they think the market is best for them.

 

[Ruchibhar]

there are so many sites in internet which indicates the currency rates. browse those.

 

[barood4money]

there are so many sites in internet which indicates the currency rates. browse those.

Well, when you are trading you can see the rates. So it is useless to search for rates on other sites. And taking time to research will help you understand the perfect timing of trading with particular currency pair.

 

[Decub]

Yeah, I think research does it all. You stand a great chance of understanding the market more if you study it. Know the session that you can fit in best and know if entering when the market is volatile will make you more profits. Some others have a particular day of the week that they prefer to trade too and all these should be taken into consideration.

 

[barood4money]

Yeah, I think research does it all. You stand a great chance of understanding the market more if you study it. Know the session that you can fit in best and know if entering when the market is volatile will make you more profits. Some others have a particular day of the week that they prefer to trade too and all these should be taken into consideration.

Yes, i agree with you. Different pairs have different market conditions on different sessions. So to understand the market very well you need to note down the market ups and downs at different sessions.

 

[Decub]

Also, it might have something to do with the person's location and time zone. Some traders would just have a preference of a particular session say NY but stay in some countries where they have to wake up in the middle of the night to trade due to difference in time zone.

 

[Daisy]

Yes, in forex we should know the time to buy and sell. That is a must and its a skill that we all need to learn. Of course, there is a right time to buy and sell. If you buy and sell at the wrong time you will regret it. Therefore, go and learn when is the best time to buy and sell and hopefully you know when and as long as you make some profit then its good or else you will not profit from it at all.

 

[Pettyeve]

This thing is among the things every forex trader will very learning as a forex trader. If you know when to buy and sell, you can be able to access the market at the right time so that you can buy low and sell high. Good market timing will make a trader to make more profit with his or her analysis.

 

[Decub]

Yeah, wrong timing can lead to losses. That's why I don't think it's practically wise for a trader to trade daily. I mean, the market isn't favourable daily, there are just very dull days that movement seems so slow because of low volatility.

 

[willy]

yes you are right that timing is very important in trading specially for the scalper traders because if we enter the trade with the wrong time we can loss the trade and maybe the loss will be too much if we trading with scalping