HAT TRICK - 3 EASY ENTRY AND EXIT STRATEGIES

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HAT TRICK – 3 EASY ENTRY AND EXIT STRATEGIES by MOBIRAO

This Book Includes:

The questions most frequently asked about forex trading are:

1. When to enter
2. Where to place your stop
3. When to exit.

These are, of course, some of the most important questions you need to answer in your forex trading plan.
Together they form the decision-making engine of your Forex trading system.
Over the next three chapters, we will cover each of these questions. But, before we get started, the first step is to
understand how they fit into your trading plan. While entries and, particularly, exits are critical to your system’s
performance, we have not yet touched on your trading psychology, your position-sizing model, how to trade
mistake-free or the power of objectives.

You can have the best entries and exits in the world and still lose if you don’t integrate all these factors into a
cohesive plan. My belief is that around 15% of your energy should be spent on this area, with the majority of
that time on the exit part of the equation.
You’ve spotted it, right?

This chapter started by talking about the importance of entries and exits however, they are not to be treated
with such reverence.

The reason this is important is that if you are too focused on searching for the Holy Grail entry, you will
experience a major time-suck… or worse, end up with a half-baked system that costs you not just time but also
money.

Agustin Lebron The Laws of Trading


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