Correct entry into Forex.

Trading is a rather complex system consisting of numerous components. To trade successfully, it's not enough to understand technical analysis and be able to read currency pair charts; you also need to correctly determine the best time to enter the Forex market.

This concept is equally important regardless of the strategy you use; all follow the same rules.

Entry into Forex should be carried out taking into account the following factors: the dynamics of the trend movement, the nearest price level, fundamental news, and changes in the speed of price movement.

1. Trend dynamics is one of the most important indicators of its movement. By studying it, you gain a clear understanding of the current situation.

Movement speed is the number of points the price moves in a given time, for example, in 1 hour. This is used when entering Forex using pending orders . In the order, we set a trigger value higher than the price can move in an hour, and the order lifespan is no more than an hour. As a result, a pending order is opened only if the price jumps in the direction of the main trend.
A slowdown in speed can also indicate the possibility of a reversal and the emergence of a new trend. Therefore, you should not rush into opening trades in the direction of the trend.

Pullbacks or corrections should be taken into account when searching for entry points; their frequency and magnitude play a role.

Price channel width is usually estimated based on the most significant lows and highs.

2. Levels : You should not rush into opening a trade if the price is near one of the significant levels; it is unknown how it will behave in the future, whether a reversal or, conversely, a breakout will occur.

3. News (aka fundamental factors) – it's impossible to predict unexpected news releases, but you can prepare for planned ones, as announced by the forex calendar . Why enter a forex market if news is about to break in a couple of minutes that could radically change the situation?

To summarize, it's best to enter a forex market when there's no planned news release, a reversal has occurred at a price level, or the price has broken through, accelerated, a correction has occurred, and a recovery has begun. Always considering these factors will help you avoid most of the problems that are already common in forex trading.