Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Strategy Video: Overlooked Market Mechanics on Trade Entries and Exits

Strategy Video: Overlooked Market Mechanics on Trade Entries and Exits

John Kicklighter, Chief Strategist

Talking Points:

• Entering and exiting trades is often considered a formality of a more comprehensive strategy or 'edge'

• The mechanics or execution of a trade, however matter a lot in each setup's or a strategy's performance

• We discussion conviction, time, triggers, entry versus market orders and more as vital trade factors

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

How much time do we afford to the particulars of executing a trade? Most of our time and mental effort is spent on developing a strategy to highlight good trade/investment opportunities. While evaluating the market effectively for scenarios and setups is critical to performance over time, we should not relegate our rules and methods for putting on a position or taking it off to a boilerplate - or worse, unplanned - approach. Our level of conviction sets our expectations for return and time frame, triggers can be selected for influence, momentum and trade duration can represent better milestones for an exit than just a specific level. Even the trade off between entry (limit) versus market orders should be considered according to given conditions and our intentions. We discuss the mechanics of entering and exiting a trade against EURUSD and AUDUSD moves in today's Strategy Video.

Sign up for John’s email distribution list, here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES