How do I get into a trade in Forex trading?

Whatever Forex trading system you are using in your currency trading, you need to know how to "enter" a market - that is, how to place an order to buy or sell a currency pair.

There are two main ways to place an order:

1. Market order. This is an order to place a trade as soon as your order is processed. This usually only takes seconds from when you click on the OK button. Many experts who advise on currency trading, including those who are providing your one-to-one guidance in the Easy-Forex trading system, would advise you to to avoid market orders. This is because this way you are trading on impulse rather than according to a properly thought-out plan


2. Entry order. This is an order to buy or sell a currency pair when it reaches a certain price target. Many people who advise on currency trading advise you to set an entry order to be the same price as the open price of the time period. For instance, if you place an entry order to buy, you are saying that you ONLY want to buy this currency pair at the specified price, and if it doesn't reach that price you don't want to buy it. This way, if the order isn't filled , you don't lose any money!

It does take some understanding of Forex trading to know when to enter the market - but if you never enter the market you will never make a profit. It largely depends on what Forex trading system you use. With Easy-Forex, you receive personal advice from the time you sign up. It's in their interests for you to make a profit, so they will make sure you do!

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