"Market entry signals" is one of the most popular aspects of Forex trading today.

Many beginner traders become obsessed with finding the "best" entry signal, and rightfully so -- because 'where' and 'when' you enter the market has a great deal to do with how successful you are as a trader.
I have seen countless traders jump onto a trade the moment they identify an entry signal, without knowing where they're going to exit. If you think about it, this may apply to you.

This is largely caused by not having a trade plan, as most people adopt the "I'll see how this trade works out, and exit accordingly" attitude.

Innocent as it may seem, this attitude will slaughter your trading account. I don't mean to sound dramatic, but it's true.

Setting a profit target before you enter into a trade is almost as important as setting a stop loss. Many traders set a fixed stop loss when they enter a position, but they somehow don't set a fixed profit target. This is like getting into your car and not knowing your destination... it's a poor trading habit, and can pose a serious risk to your trading account.

So, always determine your profit target before entering a trade. You can certainly have more than one profit target, but have at least one.
ini email dari rakan trader dari singapore sya kasi paste jak di sini utk panduan kepada geng2 newbie fsf mcm sya harap dapat membantu kita membentuk habit yg baik semasa bertrading..

ya... exit yg kasi tentu profit atau inda...

Very good article...memang sepatutnya begitu..

sya sambung sikit lagi.. Many times, beginner traders will see a good entry signal and rush to enter into a trade. However, this can sometimes be very dangerous thing to do.

Why?

You've probably guessed it by now: a poor risk-to-reward ratio.

You may enter into a position with a good entry signal, but if your profit target is 20 pips while your stop loss is 30 pips, then you'll be trading with an unnecessarily higher risk - because your risk-to-reward ratio is 3:2.

This is hardly a good deal because you're risking 30 pips to gain 20 pips. Would you place a 30 dollar bet in exchange for a 20 dollar reward? I hope not. And yet this is what traders are doing every single day. Don't be like them!

As a rule of thumb, make sure that all your trades have a risk-to-reward of at least 1:1.

If you see a good entry signal but the risk-to-reward is poor, don't take the trade. Just let it go. There will be plenty of better opportunities in the market.
jadi ni.. kira masuk bab MM bah ni..

lebihkurang mcm gini... tu Exit yg kasi tentu keputusan...

nokurogia wrote:

lebihkurang mcm gini... tu Exit yg kasi tentu keputusan...

haha bgs ni, ringkas dan mudah paham. TQ bos nokurogia.

wah, nice info ni geng.. pasal entry exit ni, apa yg dia cakap semua kena sya saja.. hehe

SinukabFX wrote:wah, nice info ni geng.. pasal entry exit ni, apa yg dia cakap semua kena sya saja.. hehe

haha pengalaman tamak ka tu bos...hahha

haha, apalagi bos.. bagus tamak kalau untung, ni pilih2 langsat, tepili yg belum masak pula, hehe

penerangan tuan nokurogia lagi senang faham..

(right click --> view image, untuk lihat seluruh gambarajah)

Ini pula contoh pemilihan Ratio dan impak dia secara kasar menggunakan siri keputusan 3 kali trading . Ratio 1:3 ialah ratio minimum untuk dapat keputusan yang paling banyak bakal2 keputusan positif iaitu 88% ...

3 kali trading hasilkan 8 bakal2 keputusan.. atau 2^3 = 8... kalo 10 kali trading bakal2 keputusan ialah 2^10 = 1024 dan seterusnya.. tapi 3 siri trading pertama cukup untuk bagi lihat kita bakal2 keputusan .

sila kaji gambarajah di atas..

pasal entry dan exit mengenang saat2 baru kenal forex itu hari..